The craft of investing

Nuestro empeño y esfuerzo va dirigido a identificar compañías que nos permitan invertir con convicción bajo la premisa de que sus negocios experimentarán un crecimiento sostenible y previsible a largo plazo.

Pese a la incertidumbre, el rápido avance de la vacunación en muchos países impacta positivamente en las previsiones económicas.

This month, we have analyzed how the decrease in health risk due to the advance of vaccination has been reflected in the behavior of the markets.

Although the pandemic year behind us was a tough test in every respect, it was also a year of particularly intense learning.

At the close of Q1 2021, the spread of COVID-19 continues to influence our lives, economic progress, and financial market trends. One year after the initial imposition of restrictions due to the virus, we are reasonably confident of economic recovery in H2 2021, as activity in the hardest hit sectors gradually normalises.

Improved results, in terms of company fundamentals (such as profit growth), are one of the key drivers of long-term profitability when investing in equities.

In its wake, 2020 leaves a string of experiences and challenges we will not soon forget, but it is often in trying times that we are encouraged to grow and expand our horizons.