Contrarian Investing

News & Research

Discipline in a distracting market

Orbis Investments

22 December 2025

In a year marked by sharp market swings, trade wars, geopolitical tensions and relentless AI headlines, the temptation to react can be overwhelming. But amid the noise, disciplined investing has proved rewardin…

The dangers of imbalance: Inflation, inequality and instability

Alec Cutler

18 December 2025

Globalisation is being rewired as industrial policy and economic security move to the fore. Orbis portfolio manager Alec Cutler examines how applying Maslow’s hierarchy of needs framework to nations can help in…

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…