Sun comes out in October after September's nightmare - Corion Capital’s David Bacher on keeping a cool head

September’s Corion Report was aptly titled ‘A Nightmare on All Streets’ after record market downturns, the report did however end on a high note, with the cheery notion that the ‘sun will come out tomorrow’ and it did exactly that in October. The Dow Jones rebounded with returns of 14%, a record not seen since 1976, and the MSCI All Countries Index saw gains of 6%. In this interview Bacher explains why ‘local is still lekker’ with strong value to be found in South African stocks, and why, despite the certainty that we will continue to see volatility within equity markets on the back of geopolitical upheaval it is important to keep a cool head and stick to your long-term investing strategy. Hedge funds also get the nod of approval as an aspect of an investment portfolio, that to date have not been fully taken advantage of in South Africa. Investors shouldn’t be too pessimistic when approaching equity markets and rather focus on first principles to derive lasting gains, it’s better to be in the game than not at all. Learn more about your ad choices. Visit megaphone.fm/adchoices