Value investors spend most of their lives trying to capitalise on the irrational behaviour of others
Value investors spend most of their lives trying to capitalise on the irrational behaviour of others. Be it short-termism, fear of missing out or greed driving the market, they are all emotions the value investor is usually less susceptible to. But we come with our own set of psychological shortcomings, the most significant of which a strong propensity for stubbornly committing to ideas and refusing to change our minds even in the face of irrefutable evidence. We work hard to fight against this tendency, and two of our best decisions this year have involved selling our mistakes early. Read more (VIEW LINK)
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Steve began Forager Funds in 2009, and now manages approximately $350m across two funds. Offering a listed Australian Shares Fund (FOR) and an unlisted International Shares Fund, Steve focuses on long-term investing in undervalued companies.
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