Allan Gray’s investment philosophy is simple – to invest for the long term. They never try to guess external sentiments, the next share price movement or trends. Instead, they scrutinise opportunities that aren’t necessarily ‘obvious’ searching for value in places others overlook or undervalue. Then they determine the things that drive the company’s performance and hence its value over the next five or even ten years. This is how they’ve been investing in Australia for the past 11 years and globally for over 40 years.