Our investment philosophy

At Oldfield Partners we are classic value investors. We are both patient and contrarian in our approach. We are willing to deviate from current market trends and themes to uncover opportunities.

Our philosophy is built on the following core principles:

 

Valuations are a key determinant of future returns. Over the long-term companies with low valuations have outperformed those with high valuations by around 2-3% per annum.

 

 

We take advantage of short-term inefficiencies of markets with a patient, contrarian approach. By resisting the pressure to follow the crowd, we can uncover opportunities that others may overlook.

 

 

We focus on absolute risk not benchmark risk and always invest with a margin of safety. We believe that risk is the permanent loss of capital not deviation from the benchmark or volatility.

 

The best sell discipline is a walk around the block

OP