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Why starting valuations matter

Why starting valuations matter

While the US market overall has performed strongly in recent years, two thirds of global stocks are currently in a bear market. Fund Manager Philipp Wörz discusses the extreme divergences in global markets and the correlation between starting valuations and long-term returns.

For more PSG Winter Update 2019 videos view:
  1. Opportunities in global markets by Philipp Wörz
  2. Opportunities in local markets by Shaun le Roux
  3. Why countering behavioural biases is key to investment success by Shaun le Roux
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