Art Of Boring

Paul Moroz returns to The Art of Boring podcast after three years, discussing his reappointment as lead manager of Mawer's global equity strategy. Paul outlines the team’s strategic approach to portfolio repositioning and reflects on how the investment landscape has evolved over the past five years. He emphasizes increased diversification, better alignment with other Mawer strategies, and a more balanced approach to market exposure.   Key Takeaways:   Paul Moroz and David Ragan have returned to the global equity strategy with renewed energy and focus   The portfolio is increasing its number of holdings for improved diversification and resilience, creating more "chess pieces on the board" Adjustments include boosting technology exposure and reducing positions with weakening business fundamentals   The team is moving quickly but methodically, with most changes expected in the coming months and a return to typical turnover rates thereafter.   Highlighted changes in the last five years: technology’s rapid