John Hempton - Where to from here?

David Clark

Koda Capital

John comes back onto Inside The Rope to revisit COVID-19 and discuss the things that Bronte Capital miscalculated at the beginning of the pandemic, along with what else they could have done better.

John discusses how society measures the risk vs reward benefit of returning to normal activities in light of COVID-19, along with how that is relevant from the perspective of investing in financial markets.

John also highlights some of Bronte's latest investments, which John places all in the "value bucket". Over the last decade, John believes that most of the underperformance of value investing can be attributed to rapid changes such as the internet which have swept the world.

Finally, John discusses Bronte's latest position in Tobacco, and whilst not shying away from the potential risks, he highlights the opportunities he believes it presents. 

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This research note has been prepared without consideration of any client's investment objectives, financial situation or needs. Before acting on any advice in this document, Koda Capital Pty Ltd recommends that you consider whether this is appropriate for your circumstances. While this document is based on the information from sources which are considered reliable, Koda Capital Pty Ltd, its directors, employees and consultants do not represent, warrant or guarantee, expressly or impliedly, that the information contained in this document is complete or accurate. Koda does not accept any responsibility to inform you of any matter that subsequently comes to its notice, which may affect any of the information contained in this document. © Copyright Koda Capital 2020 | AFSL: 452 581 | ABN: 65 166 491 961 |

David Clark
Adviser & Partner
Koda Capital

David Clark is an Adviser & Partner at Koda Capital. In his podcast ‘Inside the Rope’, David interviews some of the leading minds in wealth management.

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