Sawtell-Rickson: Investment Debates Should Focus on Core Beliefs Over Valuations
Sonya Sawtell-Rickson · Sonya Sawtell-Rickson – Total Portfolio Approach at Australian Superannuation HESTA (EP.342) · Oct 9, 2023 · at 28:23
Sonya Sawtell-Rickson, CIO at Australian super fund HESTA, describes how she structures team debates around structural portfolio dynamics rather than short-term valuation calls.
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“So rather than talking about whether equities are cheap or expensive, we're talking about, well, what are our beliefs around how equities behave? What really is driving our views on earnings growth into the future or multiples into the future? How do we see risk premiums evolving or cash rates or term premiums? And really being able to have a deep conversation about our alignment and our differences.”
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