Vladyslav Koptiev
Vladyslav Koptiev @AtlasCapital
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Monthly review - November 2019 Results achieved in November can be described as very satisfactory. Portfolio gained 4,6% versus 3,6% gain for $SPX500 index. This allowed me to outperform S&P in 2019 by 35%. Originally, I did not anticipate to observe such results, but value investing approach allowed this to happen. I still believe that maximum excess which any individual stock investor can achieve over S&P index is around 10%, evaluated based on the period of at least 3-5 years. Further, such excess can only be achieved by “value” investors, able to identify companies selling at significant discount to its intrinsic value. Portfolio reconstitution Recent removals and reason: $TTM (Tata Motors Shs Sponsored American Deposit Receipt Repr 5 Shs) (TATA MOTORS) (cyclical sector, valuation) New positions till today: N/A Next 10 potential holdings: $TEN (Tenneco Inc), $TTM (TATA MOTORS), $GSH (Guangshen Railway Co), $BT.L (BT Group) (BT Group PLC), $LTHM (Livent Corp), $TEF (Telefonica SA (US)) (Telefonica SA), $WPP.L (WPP) (WPP PLC), INGR (Ingredion Inc), $HBI (Hanesbrands Inc) (Hanesbrands Inc), $PNDORA.CO (Pandora A/S) (Pandora). Worth mentioning once again that short-term movements are of no interest for me, except may be to consider increase in position size. Also, I would like to present updated performance chart. This will help you to understand where you could be, if you had started copying me from the beginning of portfolio history. Cordially, ... Show More