Through the 80’s Kodak was the second most valuable brand in the world. In 1986 Wayne Peters, aged 26, launched a network of Kodak Express stores on the East Coast. In 1989 Canon brought out the first digital camera, it would prove to be highly disruptive and terminal for Kodak.
Peters is now Chief Investment Officer at Peters MacGregor, an Australian based global fund manager. In this interview we hear about one of the least conventional paths to professional funds management that we’ve encountered.
The fear of wild currency swings often deters people from investing overseas. But if you’re investing in countries with relatively stable currencies, and you’re a genuine long-term stock investor, then over the course of a business cycle it’s likely that currency fluctuations will wash out.