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Owen Moore, Investment Manager at Bowmore Asset Management Ltd
A very small minority of investors are in the enviable position where their investable assets form part of a much wider estate. Whilst these individuals or families may need to call upon their investments from time to time often the main objective for these pots of money are to serve generations to come and guarantee a certain level of lifestyle.
Conventional wisdom suggests that value investing (buying companies at prices lower than their intrinsic value with a view to realise that value in the future) outperforms growth investing (buying companies looking to grow their revenue and market share, and therefore grow their overall value). That is, it had been conventional wisdom up until recently.