Honesty and transparency with investors

CURRENT TOPICS Honesty and transparency with investorsInvestors should always be able to choose the product that best suits their risk profile without having...


Navigating in uncertainty

CURRENT TOPICS Navigating in uncertaintyAt Cobas we work with wide safety margins and that gives us a great deal of peace of mind ...


How much and when to invest in equities

CURRENT TOPICS How much and when to invest in equitiesSpaniards tend to invest at the wrong time, when things have gone well and they are already very...


Don't panic, it's time to reflect

CURRENT TOPICS Don't panic, it's time to reflectIrrationality and unjustified falls are always an opportunity to buy at very attractive prices. ...


The value, and the difficulty of being different

CURRENT TOPICS The value, and the difficulty of being differentThere are no investment philosophies better than others, but ones more suitable for us and the...


Trust and belief

CURRENT TOPICS Trust and beliefIn 2019, we welcomed 2,528 new unitholders and ended the year with over 2 billion euros under management. ...


Challenge 2020: put your savings to work for you

CURRENT TOPICS Challenge 2020: put your savings to work for youLet's not lose purchasing power because of inflation. ...


The best Christmas gift

CURRENT TOPICS The best Christmas giftLet's give our children something with which to tackle an ever more uncertain future and a financial education that will...


Life Energy

CURRENT TOPICS Life EnergyIndeed the oil and gas industry complex is so out of favor these days. 28 . 11 . 2019...


The huge tax advantage of pension funds

CURRENT TOPICS The huge tax advantage of pension fundsComparison of the investment in an investment fund and a pension fund, assuming that the portfolio,...


Equities is the safest and most profitable asset in the long term

CURRENT TOPICS Equities is the safest and most profitable asset in the long termBuffett: “The stock market is a device for transferring money from the...


The "revolution" of impact investment

CURRENT TOPICS The "revolution" of impact investmentGenerating a new category of companies that are self-sufficient, prosperous and beneficial for themselves...


Appraisal Masters

CURRENT TOPICS Appraisal MastersKnowing the value of the companies in which we invest allows us to be disciplined and not get carried away by emotions. ...


A personal achievement

CURRENT TOPICS A personal achievementThe market is unpredictable in the short term, but in the long term it always reflects the ability of companies to create...


Investing in listed companies with private equity criteria

CURRENT TOPICS Investing in listed companies with private equity criteriaFor an investor accustomed to buying unlisted companies, the valuations occasionally...


Welcome to Cobas AM

CURRENT TOPICS Welcome to Cobas AMQuality, empathy and transparency are the clear objectives of the Investor Relations Department 31 . 07 . 2019...


Know yourself before investing

CURRENT TOPICS Know yourself before investingYou need to think long and hard before investing in stocks, because there's no room for promises or guarantees ...


Investing in listed companies, the best option for my savings

CURRENT TOPICS Investing in listed companies, the best option for my savingsAlthough I've only been investing for three years, my limited experience can...


Impressions of Omaha

CURRENT TOPICS Impressions of OmahaVery good Value! 24 . 05 . 2019 PATRICIO Díez International Department at Cobas Asset Management 3 minutes ...


Listen to the manager and act accordingly

CURRENT TOPICS Listen to the manager and act accordinglyThe manager-investor link is not occasional but continued and reaches its maximum expression not in the...


Competitive advantages

CURRENT TOPICS Competitive advantagesThe prime exponents of investing in companies with these characteristics are Warren Buffett and Charlie Munger, considered...


I love cycle

CURRENT TOPICS I love cycleWe can use cycles in a myriad of sectors to invest in quality businesses and assets, run by outstanding managers, at bargain prices....


Artificial intelligence and investment

CURRENT TOPICS Artificial intelligence and investmentDespite the technological disruptions to the asset management sector, in the world of value investing it...


Thank you for your trust!

CURRENT TOPICS Thank you for your trust!We have gone over the sharpest falls in our investments in our more than 30 years of management and we can clearly see...


Japan and Korea, two very interesting markets

CURRENT TOPICS Japan and Korea, two very interesting marketsCobas already has two analysts in Asia to approach investments in that area ...


Experience is the father of wisdom, and memory the mother

CURRENT TOPICS Experience is the father of wisdom, and memory the motherIt takes years to test the robustness of an investor´s investment process and risk...


Euphoria and panic

CURRENT TOPICS Euphoria and panicIn recent years, we have become accustomed to seeing our savings grow. But history is full of dramatic circumstances and, when...


Fear, a value investor's worst travelling companion

CURRENT TOPICS Fear, a value investor's worst travelling companionWhen talking investments, the dread of losses is the worst enemy of value investors. Retreat...


Risk management: know when to hold them, know when to fold them…

CURRENT TOPICS Risk management: know when to hold them, know when to fold them…Rushing headlong, bluffing and going for broke do not work in the market. Only...


Always take care of the shareholders

CURRENT TOPICS Always take care of the shareholdersPeter Drucker stated that the purpose of a business is “to create customers”. Our purpose at Cobas is...


Value School, a talent pool of young investors

CURRENT TOPICS Value School, a talent pool of young investors"The trouble with the world is that the stupid are cocksure and the intelligent are full of doubt"...


Investing against the consensus

CURRENT TOPICS Investing against the consensusDeviating from the investment thesis of the majority, with their convictions and prejudices, is a complicated...


Berkshire "restaurant": Open Buffett in Value

CURRENT TOPICS Berkshire "restaurant": Open Buffett in ValueFirst, I was impressed by Zinedine Zidane. Then, I started playing basketball and moved to Ray...


Value: Uncontrolled Designation of Origin

CURRENT TOPICS Value: Uncontrolled Designation of OriginTrue value managers work full time to come up with original ideas. They look for the gold nugget, the...


Spanish funds or Luxembourg funds?

CURRENT TOPICS Spanish funds or Luxembourg funds?We investors often wonder why an asset manager offers funds subject to Luxembourg law and others subject to...


Thanks to our 22,500 shareholders

CURRENT TOPICS Thanks to our 22,500 shareholdersWe have just held our Annual Investor Conference in Madrid and Barcelona, with the attendance of more than...


Selection, diversification, prudence, patience and perseverance

CURRENT TOPICS Selection, diversification, prudence, patience and perseveranceSome foundations invest their assets in equity funds too. One such example is...


The importance for an Asset Management Company of having a presence in London

CURRENT TOPICS The importance for an Asset Management Company of having a presence in LondonWhy is there an American, living in London, working with...


Volatility – Mind the Gap

CURRENT TOPICS Volatility – Mind the GapVolatility has reared its ugly head again, panic (and blood) has struck wall street and Bitcoin-land. What should you...


Value Investing, a work method

CURRENT TOPICS Value Investing, a work method"Investing is fun, exciting and dangerous if you don't do your homework". Peter Lynch. ...


Post from Japan: Why we invest in Asia

CURRENT TOPICS Post from Japan: Why we invest in AsiaA few weeks ago, Francisco García Paramés and Mingkun Chan travelled around Japan to meet with several...


The evolution of contrarian thinking

CURRENT TOPICS The evolution of contrarian thinking"I have known no wise people who didn't read all the time".Charlie Munger ...


Munger, Buffett's competitive advantage

CURRENT TOPICS Munger, Buffett's competitive advantageAnyone who has ever paid any attention to the investment world knows the legendary Warren Buffett, but...


The journey to becoming a value investor

CURRENT TOPICS The journey to becoming a value investorOver the last twenty years, investing in stocks - both directly and indirectly - has become ever more...


Breaking the bank

CURRENT TOPICS Breaking the bank(Part II)In his previous article – " To be or not to be… a fortune-teller, that is the question" – Andrés Allende made...


Passive and/or active management

CURRENT TOPICS Passive and/or active managementThe majority of those buying and selling on the Markets are not looking for value but rather profits, which are...


The daily life of an analyst

CURRENT TOPICS The daily life of an analystBeing an analyst requires effort and perseverance so as to be well prepared, combined with an ability for continual...


Thank you for joining us

CURRENT TOPICS Thank you for joining usThe Cobas Asset Management team would like to thank over 12,000 investors who have entrusted their savings to our great...


Cobas AM launches a savings and investment book series

CURRENT TOPICS Cobas AM launches a savings and investment book seriesCobas Asset Management has struck a deal with Deusto, the publishing house, and Instituto...


To be, or not to be… a fortune teller

CURRENT TOPICS To be, or not to be…a fortune tellerThe virtuous circle of hard work at some point turned into the vicious circle of fortune telling. In many...


DON´T be water, my friend

CURRENT TOPICS DON´T be water, my friendAn investment philosophy must keep faith with certain immovable principles. We need to protect ourselves from our own...


Optimism and the search for opportunities

CURRENT TOPICS Optimism and the search for opportunitiesMedia noise and confusion makes it harder for us to see the bright side, which means the pursuit of...