“Focus like a laser, not a flashlight”: the sectors Aoris avoid

For Stephen Arnold, Chief Investment Officer of Aoris Investment Management the best way to protect capital is to own ‘all weather’ stocks. These are those rare businesses that can increase in value no matter how bad the economic environment may be. 

Arnold says that there are many ‘fair weather’ companies that can deliver returns in five out of seven years, but when the going inevitably gets tough they have to cut dividends and raise capital. It’s also these ‘fair weather’ stocks that require investors to make predictions about the future direction of interest rates and economic growth, which is fraught with danger. For Arnold these stocks go in the ‘too hard basket’ and in this short video he shares eight sectors that he actively avoids.

Quality first, value investing

Aoris follow a common sense approach executed with uncommon discipline. Find out more.