Our focus in first quarter has been to concentrate only on the best companies going forward and avoid chasing marginal opportunities. Strategies How we reshuffled our model to focus on the winners
Almost all of our holdings announced Q3 results in October and November and most of them beat Q3 guidance and raised forecasts for Q4. Outlook There are some fire-sale prices in the market now
Skepticism regarding accounting practices has brought down these strong names along with the weaker. Strategies Some Chinese stocks are now extremely attractive
Upside stock price potential now looks not as strong in the large-caps as some of the smaller companies that can grow at a high rate for as long as a decade from now. Strategies We’re selling large-caps in favor of smaller stocks