We're Entering a Stock Pickers Market with Eric Marais | Orbis Investments

The past decade has been tough for stock pickers. Active managers have struggled to keep up with the index, particularly in the US, as Big Tech pushed ever-higher and a flood of money flowed into passive ETFs. Our guest today thinks that some of these trends are reversing. Today we're joined by Eric Marais, Investment Specialist at Orbis Investments. We speak to Eric about: The case for reducing exposure to US Big Tech Some counterintuitive ideas that form the basis of Orbis' philosophy Why Eric believes animal spirits are back How we could be entering a stock pickers market Two stocks Eric finds interesting: Nintendo (TYO: 7974) and Corpay (NYSE: CPAY) 00:00 Introduction to Basis Points 02:00 Introducing Guest Eric Moras 02:45 History of Orbis Investment Firm 05:30 Orbis' Investment Philosophy 07:15 Orbis' Key Investment Strategies 09:00 The Case for Global Investing 11:45 U.S. Market Performance Overview 14:30 Risks of U.S. Market Dominance 17:15 Identifying Global Investment Opportunities 20:00 The Role of Contrarian Investing 23:00 Market Trends and Emerging Risks 25:45 Political and Economic Factors 28:15 Political and Economic Risks for Investors 35:30 Finding Opportunities Beyond the U.S. Market 40:00 Closing Remarks and Episode Wrap-up ——— CPD Points: This episode has been accredited for CPD points by the Financial Advice Association of Australia (FAAA). To claim your points, complete the CPD Quiz here and we'll send you your certificate. https://equitymates.com/episode/contr... ——— This episode has been sponsored by Orbis. If you would like to learn more about Orbis' contrarian investment approach can offer a true point of diversification when constructing client portfolios: (https://www.orbis.com/au/adviser/sunr...) Thank you to Orbis for helping us keep all of our content free and accessible. ——— Want more Basis Points? Sign up to the Basis Points Newsletter here: https://basispoints.beehiiv.com/subsc... Follow Basis Points on LinkedIn:   / basis-points-by-equity-mates   Have a question? Send us a message on our website (https://equitymates.com/get-in-touch/) ——— Basis Points is a product of Equity Mates Media. Basis Points is intended solely for industry professionals, financial advisers and wholesale investors. This podcast is intended for education and entertainment purposes. Any advice is general advice only and has not taken into account your personal financial circumstances, needs or objectives. Before acting on general advice, you should consider if it is relevant to your needs and read the relevant Product Disclosure Statement and Target Market Determination. And if you are unsure, please speak to a financial adviser. There are risks with any investments, including one in the Orbis funds. Past performance is not a reliable indicator of future performance and the value of any investment in an Orbis fund is not guaranteed. This podcast represents Orbis' view at a point in time and provides reasoning on why Orbis has bought or sold a particular security for its funds. Orbis may take the opposite view from that stated, as facts or circumstances may change. This podcast does not prohibit the Orbis funds from dealing in the securities before or after this is published. Equity Mates Media operates under Australian Financial Services Licence 540697.