Oliver Kratz

I generally find the best investors are very open and have almost a child-like curiosity about how everything works. They don't come to the table with preconceived notions. Americans, in fact, are more likely to have this kind of attitude than Europeans or Asians. It's much harder to learn new things when you think you [...]

Oliver Kratz

While we've generally avoided being hurt by underhanded executives, that risk is always there and it's far more pronounced if you're running a concentrated global portfolio. A second reason we're more diversified [with up to 150 stocks] is because I believe a lot of our alpha comes from being in the right sets of companies [...]

Oliver Kratz

We’re not afraid of political risks, which we generally think are exaggerated. We invested in Thailand after the coup. We’re investing in Turkey in the face of political uncertainty. It’s not a big component of what we do, but there are always small pockets of mispriced risk and political uncertainty can create very nice bargains.