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Cobas Asset Management is a Collective Investment Scheme management company licensed by the CNMV, Spain’s securities market regulator, under number 251 (Francia, Reino Unido and Luxemburgo) and under number 231 (España, Alemania and Suiza), with registered office in Madrid, Paseo de la Castellana, 53, P.C. 28046 and registered in the Madrid Companies Registry at Volume 35511, Folio 141, Section 8, Page M-638272. Its Tax Identification Number (CIF) is A87722377. You are about to access a website exclusively for people resident in Spain or who access the website from Spain.</p>
This website is only intended to provide information about Cobas AM and its products authorised for marketing in Spain. None of the information contained in this website constitutes an offer by Cobas AM to buy or sell financial instruments or to provide investment advice.
The Collective Investment Schemes listed here and managed or advised by Cobas AM are registered with the Comisión Nacional del Mercado de Valores, Spain’s securities market regulator.
Prior to the subscription or purchase of shares, a copy of the Key Investor Information Document (KIID) and the latest half-yearly report will be delivered and, upon request, the full prospectus and the latest annual and quarterly reports published and available at the CNMV, at Paseo de la Castellana, 53, and on the website www.cobasam.com.
In no case is registration with other supervisory authorities guaranteed. Past performance does not imply or guarantee future performance and the products included herein carry or may carry, among others, risks of fluctuations in interest rates, market prices, exchange rates, financial assets or indices.
Cobas AM states that the information on the products contained in this website is provided for information purposes only and offers a general presentation of its products and services. This information is subject to change and may be updated by Cobas AM without notice at any time.
Your access to this website is subject to compliance with current Spanish legislation and the “legal notices / general terms and conditions of access to the website”.
By choosing to access our website, you acknowledge that you have read and agree to the terms and conditions. In your own interests, we recommend that you read them carefully.

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Legal note

Cobas Asset Management is a Collective Investment Scheme management company licensed by the CNMV, Spain’s securities market regulator, under number 251, with registered office in Madrid, Paseo de la Castellana, 53, P.C. 28046 and registered in the Madrid Companies Registry at Volume 35511, Folio 141, Section 8, Page M-638272. Its Tax Identification Number (CIF) is A87722377.
You are about to access a website exclusively for people resident in Spain or who access the website from Spain.
This website is only intended to provide information about Cobas AM and its products authorised for marketing in Spain. None of the information contained in this website constitutes an offer by Cobas AM to buy or sell financial instruments or to provide investment advice.
The Collective Investment Schemes listed here and managed or advised by Cobas AM are registered with the Comisión Nacional del Mercado de Valores, Spain’s securities market regulator.
Prior to the subscription or purchase of shares, a copy of the Key Investor Information Document (KIID) and the latest half-yearly report will be delivered and, upon request, the full prospectus and the latest annual and quarterly reports published and available at the CNMV, at Paseo de la Castellana, 53, and on the website www.cobasam.com.
In no case is registration with other supervisory authorities guaranteed.
Past performance does not imply or guarantee future performance and the products included herein carry or may carry, among others, risks of fluctuations in interest rates, market prices, exchange rates, financial assets or indices.
Cobas AM states that the information on the products contained in this website is provided for information purposes only and offers a general presentation of its products and services. This information is subject to change and may be updated by Cobas AM without notice at any time.
Your access to this website is subject to compliance with current Spanish legislation and the “legal notices / general terms and conditions of access to the website”.
By choosing to access our website, you acknowledge that you have read and agree to the terms and conditions. In your own interests, we recommend that you read them carefully.

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Cobas AM > Culture with Value > Blog > Investment Philosophy > Page 2

Investment Philosophy

Entries related to theoretical aspects of value investing.

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Opportunities should be taken!

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The first rule of fishing is fish where the fish are (Charlie Munger)

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The value of emotions

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Heading in a new direction

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On the Death of Value

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Young people! Let’s save!

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Uncertainty and method

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It’s about our future

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Investing in pension plans isn’t just for older people

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The Invisible Cost

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