11 Nov 2020
If you’d never heard of Dean Fergie or Cyan Investment Management before, you’d be forgiven for thinking he was a dyed-in-the-wool value investor after reading this interview. But long time Livewire readers would recognise Dean as the first person to publish about Afterpay on Livewire, a stock they held until October last year when it grew too big for their small cap mandate. Afterpay was no wild aberration either; Dean has often backed high-growth small caps with both his money and his mouth. So when Dean says that conditions in the market are changing, and old trends may not hold, know that this is not just a line he’s been repeating before.
Following the announcement of Pfizer’s surprisingly effective COVID vaccine, I spoke with Dean to get his take on the importance of this news for investors. He explains why last week’s events (and I don’t mean the US elections) are more important for equities than a vaccine, and he shares his number one stock to benefit from a reopening economy.