Kevin Bertoli joins Murdoch Gatti on The Rate Of Change to discuss how PM Capital identifies opportunity when markets are focused on fear, uncertainty and short-term noise, and why major crises can create some of the most compelling investment opportunities.

What happens when a crisis permanently changes an industry?

Process is deceptively simple. A crisis hits. Weak players fail. Industries consolidate. Survivors gain market share. Competition reduces. Economics improve. Yet markets often continue pricing the old fear long after the fundamentals have changed.

In this episode, Kevin explains how PM Capital has applied this framework across global markets, including European banks, and why some of the most compelling investment opportunities emerge when pessimism is at its peak.

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