Clearly it is not a moaty Warren Buffett enterprise. But, over the next five years or so it has the potential to become one.
The top-performing 2.4% of firms account for all of the $US 75.7 trillion in net global stock market wealth creation from 1990 to December 2020
Many investors have lost money trying to tie their fortunes to a trend such as demographics and an aging population.
This approach has worked
In sports, in war and in the battle for investment survival it is helpful to distinguish between strategy and tactics.
Today the Millennial generation is engaged in earning, saving and investing.
As the play, The Merchant of Venice, unfolds, all of Antonio’s ships sink, his business collapses and Shylock demands his pound of flesh.
If we calculate the value of a common stock to be only slightly higher than its price, we’re not interested in buying
One apportions investment positions or portfolio weightings according to one’s informed estimate of each stock’s probable return; it is the weighting that provides the highest geometric mean of outcomes; betting your beliefs.