"The big difference between investment people and normal people is that the former tend to think in terms of delta - the rate and direction of change. So most people will look at a situation and say ‘this is bad’ or ‘this is good.’ Investment professionals will ask ‘is it getting better or worse?"
"The most powerful investment themes can often make us feel as if things are becoming more certain, just as they are becoming more unpredictable and risky. Our best guard against the risks that might stem from unknowable change is to remain humble and diversify."
"International equities are far more than a geographic footnote; they represent a standalone growth asset class brimming with underappreciated leaders. From Europe’s automation and digital-services specialists to Japan’s governance-driven renaissance and emerging market platform leaders, the world beyond U.S. borders offers a rich pool of compounding earnings stories."
"[Our portfolio] is like a well-trained athlete. Under great stress, it can recover quicker and still deliver faster times."
"The big difference between investment people and normal people is that the former tend to think in terms of delta - the rate and direction of change. So most people will look at a situation and say ‘this is bad’ or ‘this is good.’ Investment professionals will ask ‘is it getting better or worse?"
"The most powerful investment themes can often make us feel as if things are becoming more certain, just as they are becoming more unpredictable and risky. Our best guard against the risks that might stem from unknowable change is to remain humble and diversify."
"International equities are far more than a geographic footnote; they represent a standalone growth asset class brimming with underappreciated leaders. From Europe’s automation and digital-services specialists to Japan’s governance-driven renaissance and emerging market platform leaders, the world beyond U.S. borders offers a rich pool of compounding earnings stories."
"[Our portfolio] is like a well-trained athlete. Under great stress, it can recover quicker and still deliver faster times."