Contrarian Investing

News & Research

Are investors swimming in the right water?

Graeme Forster

09 December 2025

For more than a decade, mercantilist policies and capital inflows into US assets created a self-reinforcing cycle that rewarded many investors. However, as US policy turns inward – marking a structural shift in…

Why valuation matters, even when you're backing the right jockey

Orbis Investments

04 December 2025

When it comes to the cliché "bet the jockey not the horse" we believe the horse is equally important. Paying too much for a company, even with great management, can still deliver poor results. Instead, many of…

The great capital reallocation: From wants to needs

Orbis Investments

19 November 2025

Orbis portfolio manager Alec Cutler and Bloomberg’s Merryn Somerset Webb unpack what the reallocation of capital means for investors.

Financial repression: Sacrificing currency strength to inflate away government debt

Orbis Investments

31 October 2025

When governments borrow too much, their options run thin. Austerity is unpopular, defaults are destructive and growth alone won’t fix the problem. Policymakers may be tempted to turn to financial repression – k…

Great expectations - raising the bar

Orbis Investments

16 September 2025

With margins stretched and valuations at record highs, Orbis explores why great expectations could be a risk for today’s investors and why opportunities often lie where expectations are lower.

Fund managers pile into tech stocks despite record overvaluation fears

Gary Jackson

16 September 2025

The latest Bank of America positioning survey shows fund managers are at their most bullish since the start of the year.