In this episode of A Value View, The Merchants Trust brings together its three Portfolio Managers together for the first time to offer a behind-the-scenes look at how investment decisions are made. Lead manager Simon Gergel is joined by Andrew Cosh and Richard Knight to discuss how different perspectives, constructive challenge and collective experience help shape the portfolio.
The team explains how potential investments are scrutinised and stress tested, why actively trying to disprove an investment thesis can help build stronger conviction, and how disagreements are navigated when views differ. They also explore the importance of emotional discipline, particularly when markets become volatile and investors face pressure to react to rapidly changing news or share prices.
Whether you're interested in how professional investors make decisions or how teams can help counter individual biases, this episode offers a behind-the-scenes look at the investment process and the role that challenge, collaboration and discipline play in long-term investing.
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