Sven Lorenz
CEO of Sarnia Asset Management and founder of Undervalued-Shares.com, an investment research platform focused on undervalued global equity opportunities.
1
APPEARANCES
1
PODCASTS
Jul 10, 2026
JamesHOST
So just explain to us why this concept is so central to Michael's investing approach.
Sven LorenzGUEST
So when we say that his investment strategy is unconstrained, that means he can invest in for example, stocks from around the world.
Sven LorenzGUEST
There's no geographical boundary that says he can only invest in the United States or only in Europe or only in Asia.
Sven LorenzGUEST
And what most investors and private investors and people who are saving money are not aware of is how many restrictions fund managers are generally under nowadays.
Sven LorenzGUEST
And that eats into their returns or into the potential returns that they may generate in the future.
Sven LorenzGUEST
And to give some concrete examples, first of all, There are many limitations that most portfolio managers have in terms of the industries they can invest in.
Sven LorenzGUEST
And I mean, to give you the most obvious example, until five years ago, most fund managers were not allowed to invest into defense.
JamesHOST
I think Hypoport is quite a good one, isn't it?