5 Lessons From A True Investor
Published On: 04-Jul-2017

5 Lessons From A True Investor

A true investor should aim to generate a satisfactory return on capital over time while minimising the risk of capital loss, according to Magellan Financial Group chief investment officer Hamish Douglass.Performance numbers certainly back Douglass and his investment team as "true investors". Over the past 12 months, the Magellan Global Fund delivered a 29.5% return. Since inception the fund has secured a 12% return, outperforming the market by 7.5%.Christine St Anne, Morningstar Australia's editor, presents an edited extract of some his observations which appeared in his recent annual global investor report.

Incorporate a margin of safety and invest within your circle of competence. Read More
Be prepared to walk away. Read More
Focus on the batting average. Read More
Do the analysis and think independently. Read More
Understand opportunity cost Read More