High Conviction Concentrated Growth Investing, Fallacy Alarm

Fallacy Alarm

High conviction concentrated growth investing. Blends single stock, macro and thematic research into powerful long and short ideas.

I am convinced that a robust and comprehensive investment process requires macro and micro considerations. And it requires a deep understanding what you are looking for and what you are invested in. Digitization has changed the dynamics both how businesses operate and how investors compete for returns. Ideas can scale much faster and fail much faster than before. The biggest value creation happens before it can be spotted in financial statements.

As a result, my approach can be best summarized as high conviction, high concentration growth investing, embedded into a macro framework built on the realization that our current demographic set-up, monetary paradigm and innovation cycle will likely deliver a strong decade for nominal and real returns of productive assets.

High Conviction Concentrated Growth Investing

High conviction concentrated growth investing. Blends single stock, macro and thematic research into powerful long and short ideas. I am convinced that a robust and comprehensive investment process requires macro and micro considerations. And it requires a deep understanding what you are looking for and what you are invested in. Digitization has changed the dynamics both how businesses operate and how investors compete for returns. Ideas can scale much faster and fail much faster than before. The biggest value creation happens before it can be spotted in financial statements. As a result, my approach can be best summarized as high conviction, high concentration growth investing, embedded into a macro framework built on the realization that our current demographic set-up, monetary paradigm and innovation cycle will likely deliver a strong decade for nominal and real returns of productive assets.

Equity Bottom-Up

New York Community Bank / Equity Bottom-Up

<ul><li>March 2023 was a noteworthy month for US stock market investors. It was one of only two significant corrections in an otherwise stellar year.</li><li>The other one was in October driven by an interest rate scare.</li><li>Usually a cocktail of several reasons is needed to create a correction. These typically involve technical, seasonal and fundamental/macro factors.</li></ul>

March 2023 was a noteworthy month for US stock market investors. It was one of only two significant corrections in an otherwise stellar year.The other one was in October driven by an interest rate scare.Usually a cocktail of several reasons is needed to create a correction. These typically involve technical, seasonal and fundamental/macro factors.

New York Community Bank

US Banking Groundhog Day?