When everyone agrees, we ask why.
It's how we've invested for more than thirty-five years, and it's the thinking behind everything you're about to read.
Six questions, and answers, that tell the Orbis story.
Some answers will not be obvious. Some may be contentious.
All are designed to make you think. We’re not here to make you think that we are right. We’re here to help you decide if we are right for you.
Our six questions
Because consensus is a poor proxy for truth.
Orbis Investment Management Limited © 2026
The trademarks ‘Orbis’, ‘Orbis Invest Differently’ and ‘Orbis Invest Differently & Design’ are owned by Orbis Holdings Limited and used with permission by Orbis Investment Management Limited.
Past performance does not predict future results. The value of investments in the Orbis Funds may fall as well as rise and you may get back less than you originally invested. It is therefore important that you understand the risks involved and also obtain professional financial advice before investing. You should consider such funds’ Product Disclosure Statement (PDS) or Information Memorandum (IM), as applicable, before acquiring or disposing units in any Orbis Fund. The PDS or IM can be obtained from www.orbis.com. Target Market Determinations (TMDs) for the Orbis Funds can be found on our 'Forms' page under 'How to Invest'. Each TMD sets out who an investment in the relevant Fund might be appropriate for and the circumstances that trigger a review of the TMD.
This document constitutes general advice only and not personal financial product, tax, legal, or investment advice, and does not take into account the specific investment objectives, financial situation or individual needs of any particular person. This document also does not constitute a recommendation, an offer to sell or a solicitation to buy or hold units in the Orbis Fund, or any other interests.
Equity Trustees Limited AFSL No. 240975 ABN 46 004 031 298 (EQT) is the responsible entity for and issuer of units in the Orbis Funds domiciled in Australia. While Orbis has endeavoured to ensure the accuracy of this Report, to the maximum extent permitted by applicable law, Orbis, Equity Trustees Limited, and their respective related parties, employees, and directors do not provide any warranty or guarantee as to the accuracy or reliability of such information, and accept no liability to anyone relying upon it.


