We invite you to peruse our literature, from blogs to commentaries to press interviews, which may provide some insight as to Polaris’ global investment strategies, current research and stock picks. We hope you will find the content both informative and useful in making sound investment decisions. Historical interviews and dated media materials are available upon request.
In an interview with CITYWIRE: Bernie Horn thinks investors may want to prepare themselves for further market disruption as tech advances bleed into new areas. That doesn’t discount the ability of well-run companies to change in an evolving world – it just means separating out those that can adapt from those that will falter.
‘We need to distinguish between technological disruption and just normal competitive behavior. Sometimes, that competitive behavior is because there’s a cyclical downturn in the economy. If we think that that’s going to recover, then that’ll be fine and we hope to be able to see through that because we try to take a longer-term view,’ says Mr. Horn.
September 30, 2026: Where K-Beauty’s Value Actually Shines
South Korea keeps turning up as the manufacturing engine behind the world’s biggest booms. Take semiconductors: Samsung Electronics and SK hynix supply the DRAM and high-bandwidth memory running the AI buildout, profiting from something much bigger than either company alone. Beauty is far less capital-intensive, but the same instinct is showing up in it. Manufacturing power sits underneath brands that span the globe and the viral sensations coming out of Korea’s own beauty market. Korean brokerages have been pricing this in for months; the rest of the world is still catching up.
July 7, 2026: Members of our distinguished – if fictional – CCC welcome a return to sanity after years of growth-stock dominance
While the founding members of newly-minted Contrarian Commiseration Committee (CCC) would be the likes of Ben Graham, David Dodd and recently-retired Warren Buffett, we are the modern-day compatriots, suffering one of the longest value droughts in recent history. While fictious in name, the reality is that value investors have faced down an egregiously long growth cycle. So, what has brought on our spurt in levity after 10+ years of “value” pain? We believe we are finally seeing the return of sanity in stock valuations, both in the U.S. and internationally…
June 2, 2026: Chip Competition Obscures Where Value Really Accumulates: One Layer Down
There is a structural shift underway in AI hardware, and most coverage misses the point. Headlines focus on which chip wins — Nvidia’s GPUs, Google’s TPUs, or the latest custom ASIC from a hyperscaler. That competition is real, but it obscures where value is actually accumulating: one layer down, with the companies that manufacture and enable every design.
May 13, 2026: Q&A – In The Wake Of Higher Oil Prices, What Sectors Are Most Impacted?
Global markets are dealing with overlapping pressures — tension around the Strait of Hormuz and renewed trade friction as the Trump administration leans on China to stay out of Iran’s corner. But as history shows, markets tend to look past conflicts eventually — scorched but not scarred. In the interim, what sectors are most impacted?
April 15, 2026: The Case for Active Insight In An Increasingly Herd-Drive Market
Passive now commands the majority of assets under management… But that dominance has quietly introduced some distortions, ones that don’t show up in expense ratios or fund fact sheets. At its core, index investing is institutionalized herd behavior… When the herd was small, that didn’t matter much. Now that the herd is the market, those distortions are harder to ignore. Here are three passive pitfalls every investor should understand, and where disciplined active management may help fill in the gaps.
March 03, 2026: Finding Value Opportunities In An Overhyped Market
The promise of artificial intelligence consumed investor interest over the past few years, sending many tech stocks soaring beyond rational valuation levels – and leaving most other sectors in the dust. … But it appears the buying frenzy has abated in early 2026, as AI stocks suffered a sharp correction. Investors finally questioned the massive capital investments and the ROI. More discriminating analysis is emerging – and this is where we step into the fray.
We have compiled a comprehensive listing of global and international value investment commentaries that our clients may find relevant. We want to provide unfettered access and understanding to Polaris’ fundamental investment approach: from our global investing philosophy… to our bottom-up research… to our decision making process… to stock buy/sell discipline… to our outlook for coming quarters. There is no better way to offer this information than through the commentaries for the current year. The commentaries detail quarterly performance via country and sector, as well as high-level analysis surrounding individual holdings. Each report ends with an outlook for coming quarters, and how Polaris is positioning portfolios to potentially maximize both short- and long-term success.
WHY SMALL BANKS ARE MOVING FAST ON M&A, EVEN AS THE CLOCK TICKS
Sam Horn of Polaris Capital penned an article for The Financial Brand discussing current M&A trends within the U.S. banking industry. A brief synopsis: “Good news: Community and thrift banks have shown real discipline in 2026, consolidating briskly without chasing valuations that don’t make sense. Pricing isn’t the main reason. Timing is. Regulators are moving deals faster than they have in years, a new Fed chair has signaled higher-for-longer rates, and boards on both sides of the table seem to know the clock won’t run in their favor forever.” Read the complete article at The Financial Brand.
WHERE MARKETS ARE HEADED – AND WHERE POLARIS IS FINDING OPPORTUNITY
WEALTH THINK: 4 REASONS WHY VALUE STOCKS ARE OVERDUE FOR A COMEBACK
Bernie Horn of Polaris Capital penned a “tongue-in-cheek” opinion for Financial Planning, outlining one of the longest value droughts in recent history. He goes on to talk about 10-year-plus swings when one investment style dominates the other; with value likely to return, judging by four catalysts in motion. 1. The dream of zero rates is over; 2. Puts and takes on inflation/deflation; 3. Capital discipline is back; 4. International markets take the lead – and tilt value. Read the complete article at the Financial Planning website. Don’t have a password for FP? If not, check out the Polaris blog that mirrors the publication.
TALKING STOCKS IN THE MONEY LIFE MARKET CALL
Bernie Horn of Polaris Capital returns to the MoneyLife Market Call to discuss stocks and international markets in the face of current events. He talks about how value investing suffered while the stock market was in hot-growth mode led by the Magnificent Seven. Now, however, market valuations are high, which is setting up a rotation that he believes will favor value-minded investors moving forward. Listen to the full audio at moneylifeshow.com
AMERICAN EQUITY CERTIFICATE INVESTOR FOLLOWS WORK OF SAVINGS BANK COMMITEE
In a wide-ranging interview with FinansWatch, Polaris Portfolio Manager Bin Xiao talks about the firm’s investments in Norwegian savings banks, drawn by the sector’s strong capital adequacy, stable earnings and attractive valuations. Mr. Xiao says equity certificates are well understood within Polaris, though he acknowledges some international investors struggle with the structure’s departure from the standard one-share-one-vote model. With Norway’s Ministry of Finance now weighing the Savings Bank Committee’s proposals — including potential changes to how losses are distributed — Xiao is watching closely.
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IMPORTANT INFO: RETIREMENT CALCULATOR
The retirement calculator is a model or tool intended for informational and educational purposes only, and does not constitute professional, financial or investment advice. This model may be helpful in formulating your future plans, but does not constitute a complete financial plan. We strongly recommend that you seek the advice of a financial services professional who has a fiduciary relationship with you before making any type of investment or significant financial decision. We, at Polaris Capital, do not serve in this role for you. We also encourage you to review your investment strategy periodically as your financial circumstances change.
This model is provided as a rough approximation of future financial performance that you may encounter in reaching your retirement goals. The results presented by this model are hypothetical and may not reflect the actual growth of your own investments. Polaris strives to keep its information and tools accurate and up-to-date.
The information presented is based on objective analysis, but may not be the same that you find at a particular financial institution, service provider or specific product’s site. Polaris Capital and its employees are not responsible for the consequences of any decisions or actions taken in reliance upon or as a result of the information provided by this tool. Polaris is not responsible for any human or mechanical errors or omissions. All content, calculations, estimates, and forecasts are presented without express or implied warranties, including, but not limited to, any implied warranties of merchantability and fitness for a particular purpose or otherwise.
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