Currency volatility, modest equity returns and more ECB action: The investment outlook for 2016

Charles Burbeck, co-manager, UBS Global Equity Long Short As a bottom-up stockpicker, I look to 2016 with the same enthusiasm for finding mispriced stocks as I have each year since 1990, when I first managed money. While I believe markets are largely efficient and therefore stocks usually trade at, or close to, their underlying intrinsic value, this is not the case all the time and gaps frequently open up between a company's share price and its underlying intrinsic value. If we continue to get our company-by-company research right, and focused in the right places, there will always be ...