62. Buying great companies at very cheap prices

Having just witnessed the most dramatic stock market falls in living history, Alessandro Dicorrado, co-manager of the Ninety One Global Special Situations fund, talks to us about taking advantage of the sell-off to buy good companies at very cheap prices. He discusses five types of value stock, why he thinks some companies in the travel, holiday and housebuilding sectors are good investments and tells us about the possible ‘value traps’ he is avoiding.