This is a sample of headlines clogging our spambox. The premise is that a second wave of infections is coming, leading to a second round of lockdowns. The lockdowns will lead to continued job losses, GDP contraction and thus poor returns for the stock market. The logic is intuitive. Is there a link between GDP … Read more
Charts like this are prevalent on social media. The dichotomy is false. We subscribe to Buffett’s view that growth and value are joined at the hip. We are value investors in the sense that we hope to buy low and sell high. Nonetheless, our circle of partners and friends gravitate to the cheap stock style. … Read more
In case you missed it, the massive rally in the US stock market has led to views that the stock market is too frothy. We’re not in the business of forecasting stock market movements. Indeed, we can’t tell if a correction is due in the coming months. However, we can study the available data and … Read more
Review of the 1st half bull market
