Rob Perrone: Seven substantial shortcomings of defensive equities

The Contrarian View

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Rob Perrone: "Over the past decade, the share price growth of consumer staples stocks has been anything but stagnant."
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Rob Perrone: "Over the past decade, the share price growth of consumer staples stocks has been anything but stagnant."

Defensive equities have performed brilliantly over the last 10 years, says Rob Perrone, but repeating that performance over the next 10 will be difficult - for multiple reasons

First, credit where it is due. Defensive equities have at least three serious virtues as investments: they benefit from a behavioural anomaly, they are often high quality businesses, and they tend to experience...

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