The fine line between reason and emotion

INVESTMENT PHILOSOPHY The fine line between reason and emotionActing rationally implies acting in accordance with reality, interpreting objective facts....


The winter season begins

INVESTMENT PHILOSOPHY The winter season beginsIt seems to be a situation that we have suddenly found ourselves in. However, it is something that has been a few...


The shopping list

INVESTMENT PHILOSOPHY The shopping listOn a trading desk, we could say that our daily task is basically to go shopping. Let's imagine that our portfolio is the...


Getting closer and closer

INVESTMENT PHILOSOPHY Getting closer and closerOptimism and conviction. These two words perhaps best define the sentiment of our investment team today, based...


2nd Quarter Palm Harbour Capital Letter

INVESTMENT PHILOSOPHY 2nd Quartes Palm Harbour Capital LetterWe think the best way to preserve wealth from both inflationary or deflationary trends is by...


To sell or not to sell

INVESTMENT PHILOSOPHY To sell or not to sellFearful or greedy, what's next? 20 . 08 . 2021 PEDRO Ruiz Investor ...


Coming out of the Matrix

INVESTMENT PHILOSOPHY Coming out of the MatrixIn reality, our mind plays tricks on us, stop losses will be triggered sooner or later and we'll miss out on the...


Let's preserve our standard of living

INVESTMENT PHILOSOPHY Let's preserve our standard of livingInvest our savings so that they contribute, in the best possible way, to ensuring a pleasant...


The 'onwards and upwards' of the investment fund industry

INVESTMENT PHILOSOPHY The 'onwards and upwards' of the investment fund industryThe sector continues to post record figures after recovering from the severe...


How does an investor learn to be an investor?

INVESTMENT PHILOSOPHY How does an investor learn to be an investor?The first thing is to know how biases work and how to recognise them in yourself. ...


Opportunities should be taken!

INVESTMENT PHILOSOPHY Opportunities should be taken!Every once in a while an opportunity presents itself that we can take advantage of. ...


5th Annual Investor Conference

INVESTMENT PHILOSOPHY 5th Annual Investor ConferenceIf the convergence between value and price has not begun yet, it is about to do so. ...


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

INVESTMENT PHILOSOPHY The first rule of fishing is fish where the fish are (Charlie Munger)Our main objective is to acquire assets and cash flows at a price...


The value of emotions

INVESTMENT PHILOSOPHY The value of emotionsBeing familiar with and managing the emotions and impulses we all have can determine the yield we bring in as...


Heading in a new direction

INVESTMENT PHILOSOPHY Heading in a new directionLos datos apuntan a que podemos estar ante uno de los mejores momentos para las estrategias basadas en el Value...


On the Death of Value

FILOSOFÍA DE INVERSIÓN On the Death of ValueIf buying good businesses at cheap prices is "Value Investing", it is not that it will never die, but it is...


Young people! Let's save!

INVESTMENT PHILOSOPHY Young people! Let's save!We young people have a tough road ahead of us financially. 24 ....


Uncertainty and method

FILOSOFÍA DE INVERSIÓN Uncertainty and method"The wisest thing is time; for it discovers everything."Tales of Miletus (585 B.C.) 21 . 01 . 2021...


It's about our future

Investment philosophy It's about our futureThe Public Pension System has a serious sustainability problem that forces us to take action on a personal level ...


The importance of our retirement

INVESTMENT PHILOSOPHY The importance of our retirementPension plans, far from being a strange or unknown product, are a good basis for our retirement. ...


Investing in pension plans isn't just for older people

INVESTMENT PHILOSOPHY Investing in pension plans isn't just for older peopleFor a tree to provide us with shade, it must be watered throughout its life so that...


The Invisible Cost

INVESTMENT PHILOSOPHY The Invisible CostOpportunity cost reflects the close relationship between scarcity and choice ...


Are there good shares and bad shares?

INVESTMENT PHILOSOPHY Are there good shares and bad shares?It’s important to have a strict discipline in decision-making that allows us to escape the noise. ...


Decisions, responsibility and common sense

INVESTMENT PHILOSOPHY Decisions, responsibility and common sense“Welcome to the world of having to think long and hard before doing anything” ...


Value & Growth Traps

INVESTMENT PHILOSOPHY Value & Growth TrapsInvestors' error criteria can be false positives and false negatives ...


The Value of Growth

INVESTMENT PHILOSOPHY The Value of GrowthA good “growth” investor understands “s” curves, which depict the typical trajectory of growth companies ...


PER: key to prudent investment

INVESTMENT PHILOSOPHY PER: key to prudent investmentThe lower the PER of what we buy, the sooner we will recoup the investment and the higher our return. ...


The theory of the black swan

INVESTMENT PHILOSOPHY The theory of the black swanThe world has evolved and become more complicated, hindering our ability to predict rare events. ...


Factors and biases that investors should be aware of in downturns

INVESTMENT PHILOSOPHY Factors and biases that investors should be aware of in downturnsCognitive biases are alterations that occur in our minds and cause us to...


The market pendulum, opportunity or risk?

INVESTMENT PHILOSOPHY The market pendulum, opportunity or risk?Closing positions at times of utmost negativity in the market means consolidating losses at the...


ESG: Pleased to meet you, hope you guess my name

INVESTMENT PHILOSOPHY ESG: Pleased to meet you, hope you guess my name 28 . 01 . 2020 VERÓNICA Vieira...


Patience

INVESTMENT PHILOSOPHY PatienceValue investors are patient when they know what they’re doing, why they’re doing it and how long it will take for their...


Value School, making knowledge sharing fun

INVESTMENT PHILOSOPHY Value School, making knowledge sharing funValue School, a project whose over-arching goal is to help people gain financial knowledge so...


“The art of knowing how to wait”, but with a positive attitude

INVESTMENT PHILOSOPHY “The art of knowing how to wait”,but with a positive attitudeThis post is especially important at this time of volatility for all...


A Christmas present that goes on giving

INVESTMENT PHILOSOPHY A Christmas present that goes on givingEvery year around this time we think about a gift we should ask the Three Kings to bring our...


Value speak for the uninitiated

INVESTMENT PHILOSOPHY Value speak for the uninitiatedInvestors who are new to us often ask about some of the concepts that we tend to employ in our letters and...


The best pension, a good investment

INVESTMENT PHILOSOPHY The best pension, a good investmentIf we don't want our retirement to depend solely on economic circumstances, political decisions, birth...


Know-how as the path to savings

INVESTMENT PHILOSOPHY Know-how as the path to savingsWelcome to our Cobas Asset Management Blog 21 · 03 ·...