TORONTO, October 31, 2017 - Two - thirds of institutional investors use environmental, social and governance (ESG) considerations as
part of their investment approach, and 25 % expect to increase their allocation to managers with ESG - based investment strategies within one year, according to a global survey by RBC Global Asset Management (RBC GAM).
What Warren does — buying great businesses that are run by good people, buying and holding, thinking about long term — is still the
core of our investment approach.
The main
emphasis of our investment approach has always been searching the world for businesses that possess outstanding business economics that are run by honest and capable management and which are available at attractive prices.
I was having a conversation about Munger's philosophy vs Schloss» philosophy and had a few thoughts (and below I'll compare their performance results against Buffett's)... I often like to look at long term past performance of investors (10 years or longer) to draw conclusions about the
effectiveness of their investment approach.
I'll talk about oil companies and Russia another day, but now I want to talk about an alternative investment thesis to exploit my bullishness in oil (see my ABOUT section for some further insight into the
development of my investment approach).
In 1992, Tweedy, Browne published «What Has Worked in Investing:
Studies of Investment Approaches and Characteristics Associated With Exceptional Returns,» a paper outlining many of the key characteristics of their own long - term investment portfolios.
This weekend didn't generate any new groundbreaking insights for me, but it did reinforce some principles that make up the
bedrock of my investment approach that I think are crucial to success.
The Fund is expected to maintain its market - beating distributions on the
back of its investment approach: manage and buy single - tenanted commercial assets in key strategic nodes attractive to government and other blue chip companies; and mitigate leasing risk through long - term leases by leveraging its empowerment credentials and proven track record of upgrading strategic assets to A - and B - grade status.
Until we observe a reasonable (10 % or deeper) market decline, the stock selection
aspect of our investment approach will probably have a more reliable potential to drive Fund returns than a speculative exposure to market fluctuations could.
I executed a bit of that on early weakness last week, but again, until the market experiences a more substantial correction, the stock selection aspect
of our investment approach will probably have more potential to drive Fund returns than a speculative exposure to market fluctuations could.
In a wide - ranging three - part interview with Morningstar's Don Phillips, top value investor Bruce Berkowitz discusses several aspects
of his investment approach, including the willingness to go against the crowd and the decision to run a focused portfolio smaller than those of many other mutual funds.