In what ways will the 2020s look different for investors?

2019 marked the end of a strong decade for financial markets and a year that punctuates many of the same themes of the decade: US equities outperforming international equities, growth outperforming value and ongoing historically low global interest rates.

The 2020s will inevitably look different, but we believe the keys to success remain the same: prudent concentration, disciplined balance of risk and opportunity, and a long-term investment horizon.  Investor sentiment has been, and will continue to be, whipped around by headlines - there is always a story. Battered emerging markets equity funds eye buying opportunities as coronavirus shakes markets Yet our information on the operating environment comes from talking to the companies in which we invest. Short-term demand issues do not usually have a material impact. We are seeing ...