Buy low, sell high. It's a simple refrain but one so often forgotten. And not just by inexperienced retail investors with online broking accounts but by the professional investing community as well.

The Allan Gray Australia Equity Fund, which has recently celebrated its tenth anniversary, has a long history of doing just that - investing in the stocks that have been vilified in the press and dumped by the wider investment community and having the discipline, not to mention the nerve, to patiently wait until they come back in favour.

We invite you to watch our latest video featuring Simon Mawhinney, chief investment officer for Allan Gray Australia and the man with overall responsibility for setting the fund's portfolio.

In the video and accompanying article Mawhinney explains how his contrarian stock picking strategy works, which sectors the firm is backing today and why it has delivered above benchmark performance over the life of the fund.

It will have particular relevance to advisers with clients who are able to take a long-term view on their investments.