Investec AM's Mundy: Keeping an open mind

Investec Asset Management's Alastair Mundy suggests some tactics for investors keen to open up their horizons (and minds) when buying stocks and funds.

Although all investors will make numerous mistakes during their careers, it is likely that many of their mistakes will be due not to a lack of information, but to incorrect interpretation of information. We are all more than happy to prematurely dispense with facts and data that disagree with or challenge our conventional wisdom, rather than try to deal with any ambiguities. We are all, to a greater or lesser extent, in a mental rut from which we find it particularly hard to escape. Richards J Heuer worked for the CIA for nearly 45 years and shared many of his thoughts and learnings f...