John Biccard, PM at NinetyOne, was my special guest on the Investment Community podcast.
In this episode (part 1 of 2), John tells:
That the extra returns you earn over time as a value manager are appropriate compensation for living a miserable life.
That his ideal investment idea is one that causes others to laugh with incredulity and question his sanity.
That it is sheer folly to assume that the market is right - it’s way better to do the work and reach an independent conclusion.
John Biccard is a portfolio manager at Ninety One, where he has responsibility for the firm’s Value Equity Strategy. He began his investment career in 1990 as an analyst at Simpson McKie Stockbrokers (which is now HSBC Securities), and later became head of financial and industrial research, as well as a director of the company. John then spent two years at HSBC Asset Management as a director of institutional asset management before he joined Ninety One (then Investec Asset Management) in 2000.
Investment Community #17