Cartas trimestrales

Even the mighty God would get fired as an Active Investor! Mr. Wes Gray, Alpha Architect     Know what you want to accomplish and focus on the process rather than the outcome. Nick Saban, coach University of Alabama football team   Adjunto pueden leer el INFORME DE GESTION 3º

Stability is a global public good that must be provided. It is not a naturally occurring equilibrium. Charles Kindleberger   Hay que comprar cuando suenan los cañones y vender cuando suenan las trompetas. Barón Nathan Rothschild (1777-1836)   Don’t try to buy at the bottom and sell at the top.

As a rule, panics do not destroy capital, they merely reveal the extent to which it has previously been destroyed by its betrayal into hopelessly unproductive works. Edward Chancellor For decades prudence was a virtue in asset management, these days it is a liability. Bob Elliot There is nothing wrong

What gives you opportunities is other people doing dumb things. Warren Buffett Information cannot serve as an effective substitute for thinking. Bernard M. Baruch There are old investors and there are bold investors, but there are no old & bold investors. Howard Marks   Adjunto pueden leer el INFORME DE

If you define the problem correctly, you almost have the solution. Steve Jobs The solution is always simple, you just have to find it.           Aleksandr Solzhenitsyn   Adjunto pueden leer el INFORME DE GESTION 3º TRIMESTRE 2024 Atentamente Christian Freischütz Ennos Value EAF, S.L. (#228

The stock market is fundamentally broken. Investors either don´t care about valuation or can´t figure out valuation. Old-fashioned value investing where investors find stocks that are fundamentally under-valued and hold them until other investors figure out what they’ve been missing, is all but dead. Index funds are ruling the markets