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 moreLeave a Comment
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.
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 moreLeave a Comment