David Harding: the world’s greatest investors
Harding believes that it is very difficult to beat the market through looking at fundamental factors, explains Matthew Partridge.

David Harding was born in 1961 in Oxford. After graduating with a degree in physics from Cambridge, he joined stockbrokers Wood Mackenzie before moving to futures firm Johnson Matthey & Wallace. After working at Sabre Fund Management, he co-founded Adam, Harding & Lueck (AHL). After the firm was bought out by Man Group he briefly worked as Man's head of quantitative research, before setting up Winton Capital Management in 1997 to trade commodity futures.
What was his strategy?
Did this work?
What was his best investment?
What other advice does he have for investors?
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Matthew graduated from the University of Durham in 2004; he then gained an MSc, followed by a PhD at the London School of Economics.
He has previously written for a wide range of publications, including the Guardian and the Economist, and also helped to run a newsletter on terrorism. He has spent time at Lehman Brothers, Citigroup and the consultancy Lombard Street Research.
Matthew is the author of Superinvestors: Lessons from the greatest investors in history, published by Harriman House, which has been translated into several languages. His second book, Investing Explained: The Accessible Guide to Building an Investment Portfolio, is published by Kogan Page.
As senior writer, he writes the shares and politics & economics pages, as well as weekly Blowing It and Great Frauds in History columns He also writes a fortnightly reviews page and trading tips, as well as regular cover stories and multi-page investment focus features.
Follow Matthew on Twitter: @DrMatthewPartri
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