Investment Size

Nobel Prize laureate Dr Harry Markowitz taught us that the only free lunch in investing is ‘diversification’. As indicated earlier we are in a way Markowitz-adepts. Not illogical, taking into account the fact that our academic underpinning is to a large extent based on joint work of our CIO and Dr Markowitz himself. In other words: ‘diversification’ is big in everything we do. But we are not unrealistic theoreticians. In a pragmatic fashion we do have our geographical, sector and size category preferences when investing. We do not believe in any party in the world that can be ‘best-of-breed’ in everything, and neither can we. In this chapter you learn in more detail about our investment ‘tilts’.