Equities

14. December 2018

An interesting detail about the legendary Templeton Growth Fund

The Templeton Growth Fund has an outstanding long-term track record. But investors of the legendary investor needed a lot of patience. With the fund he did not outperform the market during the first 14 years. Web Source: Smead, C.: “Academia vs. The Real World – Part 1”, Smead Capital Management, 11 December 2018, https://smeadcap.com, Link […]

Equities
14. September 2018

The risk with FAANG shares

„History tells us that of the top 10 stocks in the world, eight will disappear over the next decade.“ Rob Arnott   The FAANG stocks (Facebook, Amazon, Apple, Netflix, Google) have been outperforming the broad market for years. Today they are among the largest companies in the world. I would like to try to illustrate the risk […]

Equities
14. September 2018

Why the stock market could face a difficult time

According to the Leuthold Group, the median price-to-sales ratio (P/S) has almost doubled since the dot-com era. The cap-weighted P/S is at the same level as at the peak of the tech bubble. Source: Chang, S.: „Behold the ‘scariest chart’ for the stock market“, MarketWatch, 09 August 2018, accessed 16 August 2018, https://www.marketwatch.com, Link to [...]
Equities