Providing insight for individual investors
In the previous post about Bestinver Asset Management’s annual meeting this year, I spoke about its origins, investment style, and efforts to educate its clients so that they share the same set of principles when it comes to market timing … Read more
Leave a Comment Bestinver’s chief investment officer, Francisco García Paramés (labeled the European Warren Buffett), has become an icon for the Spanish investment and business community. Even though he is not yet a household name in Spain, as Buffett is in the United States, the financial media pay special attention to what he has to say. Bestinver’s flagship fund, Bestinfond, has yielded a 16.1% annualized return since its inception. Read more
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I wouldn’t be too negative about Europe. I think a lot of the issues result from Europe dealing with its problems now — by restructuring the weaker economies and getting state budgets on a sustainable level — rather than deferring them. Second, as I mentioned, European companies aren’t entirely dependent on European consumers because many companies are global.
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Almost 500 years have passed since the first Spanish conquistadores arrived in Central America. They rapidly became attracted to its hard-working labor force and rich natural resources. Eventually, Europeans ended up controlling the region for more than three centuries before … Read more
Leave a CommentOne of the most important and oft-discussed topics in asset management is benchmarking. Even though the daily turnover in global currency markets has reached over US$4.7 trillion1, investors need to be aware of some key issues when it comes to … Read more
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Editor’s note: This is the second of two conversations with Gerry Fowler, CFA, Global Head of Equity Strategy at BNP Paribas in London. CFA Institute: In your 2013 outlook, you talk about quality improvers. What are quality improvers? Gerry Fowler, … Read more
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Editor’s note: We spoke with Gerry Fowler, CFA, Global Head of Equity Strategy at BNP Paribas in London. Late last year, Gerry authored a report on the outlook for 2013 called “Epic Distortions.” We asked him to share some of … Read more
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The collapse of interest rates to record lows in the United States, the United Kingdom, the European Union, Switzerland, and Japan has inflicted pain on those who rely on interest income. “Financial repression” is the watchword for this phenomenon, coined … Read more
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Editor’s Note: The complicated story of Argentina’s national debt has some of the character of a spy novel. There is a secretive hedge fund, political unrest, and a court ruling that could cause a default. What’s really working here? We … Read more
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Conventional wisdom holds that if a global stock investor is able to identify which countries’ economies will grow briskly and which will lag, he has conquered half of the investment battle. Economic growth should translate into higher corporate earnings per … Read more
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