Polar Capital: How to avoid value traps in the technology sector

Not focusing on valuation key to 'winning in the stockmarket'

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Ben Rogoff of Polar Capital
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Ben Rogoff of Polar Capital

Investment themes and ideas should take precedence over valuation, according to Polar Capital's Ben Rogoff, who warned that a "value first" approach could result in buying less-than-attractive stocks.

In particular, he highlighted the importance of not investing in tech companies in the "final stage of the lifecycle", which may appear cheap on a price-to-earnings (P/E) basis and have delivered strong...

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