Jose Guerena
Mexico
1y
Is the market too expensive? Is it a good time to invest? Two difficult questions to answer, in my opinion no one can know what the market is going to do in the coming weeks or months and personally I don't try to predict it. I believe in always being invested and trying to beat the market, so that in periods when the market is up, try to make our portfolio go up even more than the market, and in the periods when the market is down, try to make our portfolio go down less than the market or maybe even have a positive period. Having said that, it is important to clarify that no one beats the market 100% of the time, but we do expect a good investment strategy to beat the market in a long period of time, let's say several years that include more than a few up and down market periods. As an additional note, I do personally believe that the market is high at this moment, and that at some point there will be an adjustment, but we cannot know when it will happen. I have thought that the market is high on several occasions this year, and well, it has continued to rise, and at least in the first 11 months of the year we have had very good results taking advantage of the fact that the market has continued to surge.
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