David is widely regarded for his deep understanding of risk and for delivering his insights in a highly engaging and entertaining manner.
He dedicates his time to analysing sources of risk and developing strategies designed to mitigate their impact. His approach involves embracing convexity—purchasing pockets of inexpensive volatility as a form of insurance against adverse outcomes in uncertain environments.
When should investors adopt this strategy? According to David, the answer is simple: always—just like insuring a house.
David holds strong and often contrarian views that challenge the foundational assumptions of Modern Portfolio Theory, which he refers to as “Sharpe World.” In his view, this framework wrongly equates risk with volatility.
He brings these ideas to life through vivid anecdotes and illustrative examples that highlight the risks investors unknowingly take in markets shaped by Sharpe World principles and operated by what he calls “Rational Accounting Man.”
PIWORLD provides investors with the latest news and insight to listed companies and their management teams through either live or recorded results presentations, corporate overviews, management interviews and Capital Market Days. Together with interviews from leading fund managers, market specialists and esteemed private investors, we aim to keep the private investor community up to date and informed.
PIWORLD delivers high quality audio and video content to present anything from full-year and interim results to Capital Markets Days and corporate overviews. We bridge the gap between listed companies and the private investor community, who drive the share price and provide liquidity, providing a time and cost effective medium to reach this diverse and important audience.
