The factors leading to a corporate strategy overhaul in Europe

"Forget the economic conditions and politics. Focus on who is running the companies that you have in your portfolio and what they can do over the next five years."

That is the stockpicking mantra I like. Over 30 years of investing in European shares, it has been substantially more important to be invested in the right companies rather than the right countries (with the exception of short periods when governments and economies are properly imploding, such as Greece).    Industry Voice: Why Europe is delivering on its Potential Over that time, it is only a small, but growing, proportion of the biggest companies that are run for their shareholders. We estimate about a third at present. Unfortunately, most managements feel that it is more importa...