What Role do People play in FORUM's Investment Philosophy?

With each additional year in the investment business we put more emphasis on the human aspects of business. In our belief they are the main drivers of
1. the behaviour of financial markets
2. the success of businesses
3. our own success as investors.

Therefore our core views on these make us strong contrarians to the Efficient Market Hypothesis.

Our success (or failure) depends largely on understanding, recognizing and managing the human aspects of investing:
- taking advantage of the opportunities they offer
- avoiding the risks they create.

In practice we may spend ca. 75% of our time doing traditional business analysis, but the remaining ca. 25% go into assessing people and managing our own mental biases.

The Role of People