This year's annual Capstone Student Investment Conference (CSIC), held on March 1st at the University of Alabama, invited, among others, Django Davidson to share his insights and experience. The students had an opportunity to learn from an investor based in Europe.
Davidson is employed by Hoskings Partners, a global equity firm headquartered in London. The firm invests in long-term opportunities and builds diversified and contrarian portfolios.
The core of their philosophy is following “the capital cycle.”. It starts with high investor optimism by new entrants into the market with potential for high gains. Increasing competition slashes returns, and share prices underperform. This is followed by a decline in investment enthusiasm and overall pessimism. In the...
