Monthly Archives: January 2018

Some links

Mark Zuckerberg wants to look at Crypto Currencies in 2018

Prof. Damodaran has released his annual data update on > 40k companies

Jeremy Grantham sees the “risk” of a near term market “melt up”

UK Value Investor with an in-depth review on why he sold BP

Bloomberg article describing Masa Son’s (Softbank) unorthodox VC investment style

December Issue of Value Investor Insight (h/t Valueinvestingworld)

Plus a selection of the Top 10 Videos of a16z (Andreessen & Horowitz)

Performance review 2017 – Comment: “Keep an Eye on Interest Rates and Credit Spreads”

Performance 2017:

In 2017, the Value & Opportunity portfolio gained +21,7%* (including dividends, no taxes) against 15.6 % for the Benchmark (Eurostoxx50 (Perf.Ind) (25%), Eurostoxx small 200 (25%), DAX (30%), MDAX (20%)).

Some other funds that I follow have performed as follows in 2017:

Partners Fund TGV: +19,97% 
Profitlich/Schmidlin: +8,07%
Squad European Convictions +29.72%
Ennismore European Smaller Cos +9,32% (in EUR)
Frankfurter Aktienfonds für Stiftungen +13,7%%
Evermore Global Value +4.6%
Greiff Special Situation +11,1%
Squad Aguja Special Situation +14,2%

Since inception (01.01.2011), this translates into +186,7% or +16,2% p.a. vs. 95,3% or 10,1% p.a. for the benchmark. Graphically this looks like this:

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