The craft of investing

The first quarter saw strong performance by risk assets due to growth prospects and potential rate cuts. EDM Ahorro adjusted its portfolio, reducing sovereign debt and increasing corporate credit.

Investing in megatrends is key to long-term stability and growth in a volatile market. We carefully select leading companies in high-growth sectors, like technology and healthcare.

Strategic planning and specialised advisory are essential to enhancing investment results and achieving profitability targets.

We highlight the solid performance of this first quarter of 2024, thanks, in part, to our strategy of diversification of portfolios against possible bubbles. With preference for quality actions and the search for opportunities in medium-sized companies.

Solid performance this February 2024, driven by exceptional results from companies such as Icon, Novo Nordisk and CRH. EDM Strategy offers investment opportunities exceeding market expectations.

Economic rebound still and concerns about inflation and monetary policy. In the markets, the growth of the stock markets, the decorrelation between fixed and variable income and the valuation risks in shares stand out.

Once again, the Spanish stock market regains its allure for investors. In 2023, it obtained higher returns than the main European indices, with better relative results for the second year in a row.

We begin fiscal year 2024 with divergences regarding growth in the large economic areas. Even so, the good data at the end of the year have favored a continuation of optimism in the markets.

EDM Strategy’s superior performance, relative to the index, is attributable to having, once again, avoided grave stock-picking errors.

These 2023 markets have refocused on company fundamentals.

Investing in top-quality companies with a long-term horizon proves a profitable strategy, enabling us to obtain very good returns in 2023.

Charlie T. Munger is the key person to understand the evolution of Buffett's investment style.