Jose Guerena
Mexico
7m
This year has been very uncertain when it comes to investments in the stock markets. Normally, when markets function as they should, companies that sell a good product and are well-managed tend to grow and increase in value in terms of their stock price. Conversely, companies that lag behind in their product offerings or are not well-managed tend to decrease in value. I'm not going to say it's easy, but identifying companies that we believe may increase in value is largely what those of us who actively manage a stock portfolio try to do. The problem with uncertainty and the volatility it brings is that these are periods when all companies rise or fall at the same time, whether they are strong businesses that we believe may increase in value or weaker ones, and this affects short term investments results. For our investment strategy, we are going to continue focusing on finding and building a portfolio with companies that meet the criteria we believe will make them grow in value. We hope that in positive periods, when the market generally rises, the companies in our portfolio will increase more than the overall market. And during downturns, our companies may also decline, dragged down by market forces, but we hope they will fall less than the market overall. If we can consistently achieve this, we will be outperforming or gaining an edge over the market in the long term, which is the goal for most of us.
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