Convictions
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we Believe |
we do Not Believe |
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Markets in the long run always benefit who invested (and made it right) on a business fundamental analisys
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In technical analisys |
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On decisions based exclusively on mathematical models (execpt on arbitrage models)
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In our research and in our convictions
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In decisions exclusively based on others research (it will only help us form our convictions)
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Management salaries should, prioritarily, depend on the performance of the portfolio they manage
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That management salaries should depend on the number of trades nor on the comissions paid by the funds they invest in
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The success rate of investments increases by much if we invest only in what we know/understand
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In investments on "“black-boxes” / Hedge Funds nor in opaque funds
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The best way to minimize risks is to avoid overpriced assets
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That the beta of a stock is a good risk measure |
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Risk comes from not knowing what we are doing
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A good manager doesnt diversify in excess. He concentrates his investments in what he beleives to be the best assets
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Excess diversification |
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Capital Markets are a way of transfering wealth from hiperactives to patient investors
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Markets eficiency |
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There are companies that deserve to be held for many years
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