Graeme Forster
The Navigator
Judgement in the fog, money, risk and the call others cannot make.
Graeme Forster reads as The Navigator through his treatment of markets as terrain to be read over time rather than conquered in the moment. The Orbis portfolio manager anchors to business value as the irreducible signal amid uncertainty, charting a three-part framework of longevity, excess returns, and loss avoidance.
“So really the tough part of what we do is we have to run a portfolio of equities for our clients. And what we're trying to do is just find the best ones. There's always the best ones, right? The market's very rarely narrow, so narrow that everything is efficiently priced and there's no opportunity.”
“Let it compound over time. You know, watches is pending and just stays in the game. Another good example, the best example of this is endowments here in the US. Phenomenal institutions, and they're set up to be perpetually around, they stick around. So if you take the Met Museum, I'm sure you've been to the Met Museum here in New York.”
“China's investival, I think. And it's a question of risk premium. What risk premium do you get for investing in China? You know, the big issue you have is think about Alibaba today. It's come down a long way. It's quite interesting. It looks very cheap as standalone basis if it traded in the US.”
“That reduces the volatility to an extent. It also aligns clients and improves client behavior because one of the key things another problem with the industry is it's all very well saying you can outperform the market. But what you have to be able to do is outperform on a dollar weighted basis.”
Masters in Business: “Graeme Forster on Global Longevity Investments”
LISTEN AT THE SOURCE ↗THE RECORD IS CHECKABLE