According to Bloomberg, Cutler emphasizes the distinction between being contrarian and simply being contrary in investment strategies. He explains that merely buying cheap assets is not enough; a contrarian approach involves adding more value to the investment process. Cutler elaborates on his perspective towards Big Tech in the US and highlights the significant outperformance of small-cap stocks. He also presents a bullish outlook on defense stocks.
Cutler notes that the fund management industry has historically acted as if defense companies were no longer necessary, influenced by decades of relative peace and the rise of environmental, social, and governance (ESG) strategies. However, he argues that this is no longer the case. Defense stocks have managed to keep pace with tech stocks and are currently undervalued, presenting a compelling investment opportunity.