Anybody who can tell us why the markets bounced back up? We still look into a declining Chinese economy, crude oil prices are still far too low and corporate debts are still far too high.
Maybe some of you remember my weekly newsletter, a 15+ years ago, called: "Don't ask me why!".
Well, nothing changed apparently.
In the last 12 months the Euronext gained +3.2% while the SP500 lost -7.1%. All considered we can't complain too much with our y/y loss of -1.7% against our benchmark, the Russell 2000, which lost -14.2% in the last year.
We beat some markets but not all of them as we dreamed of.
The miserable start of this year gave us the opportunity this week to increase our share in the Staffline Group. We believe it's still one of the better stocks in the long run.
Our position in Sartorius recovered well this week with the loss of -27% reduced to -22%.
Remember we invest for the middle and long term.
Really curious what will happen next week.
More and more we are convinced that that stock markets have nothing to do with values of companies and/or economies. It becomes more like a casino but with a much larger chance that you can win from the bank.
Let the games begin.
Our position in Sartorius recovered well this week with the loss of -27% reduced to -22%.
Remember we invest for the middle and long term.
Really curious what will happen next week.
More and more we are convinced that that stock markets have nothing to do with values of companies and/or economies. It becomes more like a casino but with a much larger chance that you can win from the bank.
Let the games begin.
Buying Sartorius last week now seems a a rather stupid thing to do. We deeply (-27%) regret it.
BUT: it's not because we lost a battle that we can't win the war!
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