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

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

Ben Rogoff of Polar Capital

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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