When the resources sector fell to 1 times book in early 2016 it took fortitude to keep buying as the stock prices kept coming down. That conviction paid off for Dougal Maple-Brown and his Australian Share fund when the sector started rising in the second half of the year.
Dougal says what they do isn’t a rare skill, but what sets Maple-Brown Abbott apart having the strength to keep emotion out of the equation and stick to your process.
Alan Kohler: Annette, you had a nice line this week saying that the RBA cut to one and a half percent but nobody told the Australian dollar. And in fact, it’s gone back above seventy-seven. What is going on? Annette Beacher: Well, I guess we have to take a little bit of a step back. … Continue reading “Annette Beacher”
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