ALLAN GRAY: 25 years of lessons for equity investors
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Manage episode 424755361 series 3581044
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GUEST - Tamryn Lamb, head of Retail at Allan Gray
This year, as Allan Gray celebrates 50 years of long-term investing, its first unit trust, the Allan Gray Equity Fund celebrates its 25th anniversary. When the fund launched 25 years ago, Nelson Mandela was the president, financial markets faced a liquidity crisis after Russia unexpectedly defaulted on its foreign debt, the prime interest lending rate was 21.5%, a dollar cost R5.50 and it cost R126 to fill a 50-litre petrol tank.
Though things have changed significantly since, the reality is that the year doesn’t stand out. At any given point in time, investors in equity markets have to contend with a range of challenges and market uncertainty, and weigh up various probabilities to produce the best possible outcomes. Tamryn Lamb, head of Retail at Allan Gray, joins Kaya Biz to reflect on some of the learnings over the last 25 years and to share some of the behaviours that help equity investors achieve better long-term outcomes. Kaya 959
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This year, as Allan Gray celebrates 50 years of long-term investing, its first unit trust, the Allan Gray Equity Fund celebrates its 25th anniversary. When the fund launched 25 years ago, Nelson Mandela was the president, financial markets faced a liquidity crisis after Russia unexpectedly defaulted on its foreign debt, the prime interest lending rate was 21.5%, a dollar cost R5.50 and it cost R126 to fill a 50-litre petrol tank.
Though things have changed significantly since, the reality is that the year doesn’t stand out. At any given point in time, investors in equity markets have to contend with a range of challenges and market uncertainty, and weigh up various probabilities to produce the best possible outcomes. Tamryn Lamb, head of Retail at Allan Gray, joins Kaya Biz to reflect on some of the learnings over the last 25 years and to share some of the behaviours that help equity investors achieve better long-term outcomes. Kaya 959
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