There are now just a few weeks to go until the Orbis Investments 'Think Differently, Invest Differently' breakfast session which is set to take place on 25 June at the BAFTA HQ in Central London.
What single issue should most be concerning investors at the moment?
It's now been 10 years since the Global Financial Crisis. I tend to think people are still scarred from it - and will be forever - but when it's been that long since investors have felt significant loss, the next episode will feel that much worse.
The longer you go between downturns, the more surprising and painful they feel when they do come.
If you were chief executive of the Financial Conduct Authority for a day, what would you change?
I would effectively ban fine print, making financial contracts between clients and their banks/advisers one page-long, simple-to-understand deals.
No reasonable client actually understands the nuance of what they are signing in a lot of financial products, and it tilts the odds in the businesses' favour when things go wrong.
What do you see as the main challenges now facing the financial services sector?
The new generation of investors - those below age 30 - grew up with technology and, because of that, have a much greater expectation of transparency and access to information than the generations that came before them.
Trust, for them, is something acquired digitally, compared to face-to-face, which means trust is built by disclosing all relevant information up front rather than a warm smile and a handshake.
Not all firms have figured this out, but I suspect all will have to short order.
Orbis Breakfast Briefing
To hear from Morgan Housel and a panel of Orbis Investment Team members at this exclusive event, please click here to reserve your place.
The event is aimed at wealth managers, discretionary fund managers, fund selectors and other industry professionals and will be held at the BAFTA headquarters in 195 Piccadilly, London.
It will give attendees the chance to speak face-to-face with senior members of the Orbis Investment team about their investment ideas and what it means to "invest differently", as well as gain insights on the art of utilising behavioural investing.
Registration for the event, which takes place between 8.45am and 12pm is currently open and can be accessed by clicking here.
