Will joins Tim, Director, Institutional Group at Brandes Investment Partners, to discuss his journey from northern Ontario to working for a Southern California-based firm, Brandes. Tim joined Brandes when they sought to establish a Canadian subsidiary, attracted by their commitment to value investing.

Tim explains that investors often exhibit a home bias, preferring to invest in familiar domestic companies. This bias is particularly evident in well-developed and diversified markets like the US, where investors feel more comfortable with companies they recognize, possibly due to personal connections or local presence. Tim warns against the drawbacks of home biases, emphasizing the need for diversification to mitigate concentration risk, underscoring the importance of international investing.

Tim shares that people often seek active exposure to non-US securities. While some clients adopt a passive US approach, others blend it with active international strategies or even active US strategies to address concentration risk. There are various ways to build a portfolio and according to Tim, some popular biases are towards active management.

For new investors, Tim touches on a few key points such as distinguishing between investing and speculation, delegating to professionals, taking a long-term view, and the power of compounding.

You can reach Tim here:

Brandes Investment Partners | Website

Tim Newburn | LinkedIn