Greg Hopkins, co-CIO of PSG Asset Management, was my special guest on the Investment Community podcast. You can listen to our conversation here.

In this episode:

  • The PSG team shops in uncrowded areas of the markets, those that are generally associated with fear and uncertainty. Difficult market conditions present the best investment opportunities and often represent a change in market leadership.
  • Their team-based decision-making process means that culture is even more important than it otherwise might be. Greg describes the team’s culture as low-ego, high-trust, active and open-minded.
  • The team is able to “hold the line” in the face of disconfirming data from the markets and negative feedback from stakeholders. This ability was tested and ultimately strengthened during a period of underperformance in 2019/2020.