Investec's Mundy: What can contrarians learn from the Impressionists?

What can contrarians learn from the Impressionists?

Investec Asset Management's Alastair Mundy reveals how a trip to the National Gallery reminded him of some of the key tenets of contrarian investing.

Many years ago, in a desperate attempt to broaden my education, my mum dragged me along to the National Gallery. Apparently my interest was piqued (and peaked) at the collection box for donations, with its eclectic mix of international currencies. Forty years later, I felt it was time to revisit the gallery accompanied by my daughter, who I am pleased to report was rather more open-minded about the experience than I was at a similar age. A colleague had suggested the journey, not because he had seen through the superficial impression I give of having no cultural depth, instead he corr...