Dear partners,
I would like to warmly welcome and thank everyone who have just given me your vote of confidence and invested with the portfolio. Given that I usually don't market or advertise myself, I'm unsure how you found me but I'm glad you did.
Long-time partners would already expect that this portfolio operates on a certain catechism. With an emphasis on disciplined inactivity, activity within Alderique is generally low.
However, an absence of activity does not indicate an active absence. A close eye is kept on the markets at all times, particularly when things get particularly tumultuous.
Such as recent times since the AI boom.
The Wilshire Index, or also colloquially known as The Buffett Indicator, expresses the ratio of total U.S. stock market capitalization (Wilshire 5000, the total market capitalization of nearly all publicly traded U.S. companies) divided by U.S. GDP, as a percentage.
Buffett considered it "probably the best single measure of where valuations stand at any given time."
At the height of the dot-com peak, it sat approximately between 137% to 159%.
During 2007, just before the Global Financial Crisis, it was roughly 105% to 110%.
Today, it indicates a level between 214% to 234%.
Even with exclusion of the Magnificent 7 (Microsoft, Apple etc), it remains at an elevated 166% to 170%.
One should however, keep in mind a few caveats.
The index discounts the presence of private companies, thus discounting a large portion of equity wealth.
GDP fails to capture certain intangibles, particularly in an increasingly-digital economy.
Many US companies earn a sizeable chunk of their revenue from distribution overseas.
And finally, generally speaking, "time spent within the markets beats timing the markets." I have no tool to scry into the future, nor would I afford myself any illusions of any ability to do so.
I simply read, think, adapt and repeat. I swim and survive to the best of my capabilities, and keep to the little that I continuously verify I do know.
Thus my portfolio generally keeps liquid capital at hand, to capitalize on the occasional opportunities the vicissitudes of Mr. Market provides. And all other times, consistently practicing the most difficult thing of all.
Wait.
Thank you for your vote of confidence, and all the best in your investment/trading endeavors.
Alderique.
... Show More
Not investment advice. The author may have financial interests in the mentioned instruments.
Why do you invest ?? Your portfolio is so so so bad. You don't even heat sp500 ! Actually with inflation you are losing money ! Your a scam ... Show More
Good morning! Warm welcome to the new partners. Disciplined inactivity and patience during high-valuation regimes is often where the real outperformance is generated over a full market cycle... Show More
.
We use our own and third-party cookies on our websites to enhance your experience, analyze traffic, and for security and marketing. For more info, see our Cookie Policy or go to Manage Settings.
Privacy Preference Center
When you visit any website, it may store or retrieve information on your browser, mostly in the form of cookies. This information might be about you, your preferences or your device and is mostly used to make the site work as you expect it to. The information does not usually directly identify you, but it can give you a more personalized web experience. Because we respect your right to privacy, you can choose not to allow some types of cookies. Click on the different category headings to find out more and change our default settings. However, blocking some types of cookies may impact your experience of the site and the services we are able to offer.
More information
Manage Consent Preferences
Strictly Necessary Cookies
Always Active
These cookies are necessary for the website to function and cannot be switched off in our systems. They are usually only set in response to actions made by you which amount to a request for services, such as setting your privacy preferences, logging in or filling in forms. You can set your browser to block or alert you about these cookies, but some parts of the site will not then work. These cookies do not store any personally identifiable information.
Performance Cookies
These cookies allow us to count visits and traffic sources so we can measure and improve the performance of our site. They help us to know which pages are the most and least popular and see how visitors move around the site. All information these cookies collect is aggregated and therefore anonymous. If you do not allow these cookies we will not know when you have visited our site, and will not be able to monitor its performance.
Functional Cookies
These cookies enable the website to provide enhanced functionality and personalisation. They may be set by us or by third party providers whose services we have added to our pages. If you do not allow these cookies then some or all of these services may not function properly.
Targeting Cookies
These cookies may be set through our site by our advertising partners. They may be used by those companies to build a profile of your interests and show you relevant adverts on other sites. They do not store directly personal information, but are based on uniquely identifying your browser and internet device. If you do not allow these cookies, you will experience less targeted advertising.
