Orbis Head of UK: Why a Fund Up 12% a Year Since 1990 Still Lost Half Its Clients
In this episode, Hugo and Aubery sit down with Dan Brocklebank, Head of UK at Orbis, to discuss the psychology behind long-term investing, why incentives matter, and how Orbis approaches contrarian investing through market cycles. Dan shares lessons from underestimating the impact of shale gas, explains why investors must be prepared for periods of underperformance, and reflects on how AI may support research while leaving room for human judgment.