Pietari Laurila

@triangulacapital

By avoiding expensive assets and capitalizing on undervalued opportunities, a valuation-aware, dynamic asset allocation strategy can help investors navigate market cycles with more resilience.

“Those are my principles; and if you don’t like them, well, I have others” —Groucho Marx The summer holidays did not come soon enough. Most clients we met before everyone took off admitted to being more tired than Lindsay Lohan’s probation officer. To be sure, it has been a busy year: tariffs, fights between White House and Federal Reserve, war in Iran, war in Ukraine, India-Pakistan war, Deep Seek and other AI advances, Japanese, Korean and German elections, China’s fiscal stimulus and its attempts to curb rampant over-supply. Any one of these topics would be worthy of a book. Sti...