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Single Stock Not Best Choice for Long Position on Macro Trend

By Andrew Stotz | 04/17/2019 | 0

Prelude I invested in a company operating in a dominant position of its segment within China’s processed–food chain. I liked the investment idea based on the theme that processed food consumption typically rises alongside a country’s rise in income and urbanization. We see this play out when branded products on the shelves of the modern food retail networks replace wet markets, butchers and greengrocers (produce markets). …

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How a ‘Good Company’ Can Still Mean a Bad Investment

By Andrew Stotz | 11/21/2018 | 1

During my very early days as an equity investor, I invested in a high-quality coal miner that was the market’s darling at the time. It had survived the 2008 financial crisis unscathed and delivered stellar returns in a falling market.

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