JPMAM's Forey: My key lessons learnt over 20 years

J.P. Morgan Asset Management's Austin Forey, manager of the £990m Emerging Markets investment trust, has highlighted the importance of "running your winners" and sticking to a consistent investment process as he reflects on over two decades running the portfolio.

Speaking at a client event in London, Forey (pictured) said he tries not to get "too picky" when looking at companies to buy and their valuations. He said: "We do not want businesses at any old price, but the worst mistakes I have made tend to be not buying great businesses because I thought they were too expensive. I like to find them at a fair price. "Had I ignored valuations over the last five years, I probably would have done much better. But that does not mean I am going to start doing that now. I have not changed my process over the last 20 years and do not intend doing so. "...