Saturday, November 18th, 2017

Ivy Foreign Equity – comments from the Mackenzie conference

Here are some remarks from the Ivy fund managers that I wrote down as they spoke at the November 2012 Due Diligence conference.

  • The world is a mess these days, so we are allocating capital as efficiently as possible, trying to own really good companies with a five to ten year view
  • Seek to own great businesses that control their own destiny
  • Focus on what we can know
  • The U.S. Federal Reserve is meddling with capitalism with its short term bailout mentality
  • Investment decision process starts with 10% quantitative analysis then is followed by 90% qualitative analysis to decide if to buy shares of a company
  • The results of the Ivy process applied over the last 20 years have been: lower volatility, a low correlation to the index, almost everyone in the fund has made money and better than average long term returns

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