Posts by Leonardo Drago

The entire purpose of asset management is to create alpha. Active asset management started some 70 years ago, and has grown significantly in that time

There’s no free lunch in investing: lower volatility in a portfolio must come with proportionately lower returns

Seasoned traders know that when everyone expects a ‘near-certain’ outcome, and prepares their investment portfolio for it, the opposite tends to happen

A long standing doctrine in successful investing was to buy stocks that were trading cheaply based on an objective measuring method (price vs. book value / earnings / sales)…

Global stock market performance from here to the end of the year will be heavily influenced by the US elections in November

Gold has gained 66% in the last two years and just hit a new all-time high of $2075 last week, before pulling back sharply by over $200 in four days

The much feared second wave of virus infections has arrived. Many have been worrying about such an event which may follow the 1918 Spanish Flu, causing a higher death toll

Data shows that not only do stocks not follow changes in GDP, it’s actually GDP that follows changes in stock prices

There are facts, informed extrapolations from analogies to other viruses, and with so much unknowns, most comments are just opinion or pure speculation

A plan based on hard data is the best way to analyse a changing situation