Time is of the essence

"I have quite a short time horizon - I am only looking at the next 35 years." A wry comment from Jamie Cayzer-Colvin, chairman of new EM boutique Ocean Dial Asset Management, but one that is fundamental to investment.

The Cayzer family started its business over 150 years ago in India as the British & Commonwealth Shipping company, and has developed a reputation in the last two centuries for its patient style of investing. I should declare an interest because the family’s main investment vehicle, Caledonia Investments, was a shareholder in Investment Week’s parent company Incisive Media, so we have experience of the value they bring to an investment. But this is not a eulogy to Caledonia, although it is up there with City of London investment trust as one of those companies that has consistently rai...