Brexit: Avoid the gravitational pull of short term emotion
Our CIO Paul Moore reflects on the markets reaction to last week’s UK Referendum, "The most important issue, when an event of this magnitude has occurred, is to ensure that one avoids the gravitational pull of short term emotion and ensure that decisions are made based on what is going to happen and not what has recently happened. The landscape has clearly changed and thus one’s investment framework may also require some change. Markets also often over react to the most recent event and thus there may be opportunities. This is what PM CAPITAL Limited will be focusing on the immediate future”. (VIEW LINK)
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At PM Capital we are not afraid to be different, we search the world for undervalued stocks, we avoid the trap of “group think” and prioritise company valuation over all other aspects. Founded in 1998, PM Capital is part of the Regal Partners Limited stable of alternative asset managers and specialise in Global & Australian equities and Global Fixed Interest strategies. We believe the very best way to minimise investment risk is through understanding valuation, as such, we avoid companies who are hard to understand or difficult to value and are well known for our discipline in resisting short term market noise and ability to hold investments through full industry cycles.
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