High Conviction Concentrated Growth Investing, Fallacy Alarm

Fallacy Alarm

High Conviction Concentrated Growth Investing

High conviction concentrated growth investing. Blends single stock, macro and thematic research into powerful long and short ideas. I am convinced that a robust and comprehensive investment process requires macro and micro considerations. And it requires a deep understanding what you are looking for and what you are invested in. Digitization has changed the dynamics both how businesses operate and how investors compete for returns. Ideas can scale much faster and fail much faster than before. The biggest value creation happens before it can be spotted in financial statements. As a result, my approach can be best summarized as high conviction, high concentration growth investing, embedded into a macro framework built on the realization that our current demographic set-up, monetary paradigm and innovation cycle will likely deliver a strong decade for nominal and real returns of productive assets.

Equity Bottom-Up

iShares 20+ Year Treasury Bond ETF / Equity Bottom-Up

iShares 20+ Year Treasury Bond ETF (TLT US)

<ul><li>For me, the most unexpected aspect of recent events has been that both bonds and stocks moved up together.</li><li>My expectation for this year was that equities do well.</li><li>But I thought they would eventually shake off bonds. Economic resilience (or in fact acceleration) would then force bond investors to chase equities. </li></ul>

For me, the most unexpected aspect of recent events has been that both bonds and stocks moved up together.My expectation for this year was that equities do well.But I thought they would eventually shake off bonds. Economic resilience (or in fact acceleration) would then force bond investors to chase equities. 

Value Investing

Vladimir Dimitrov, CFA

<ul>
<li>Market participants are re-repricing risk, says iShares 20+ Year Treasury Bond ETF.</li>
<li>Policymakers are in a tough spot where they need to combat inflation while also providing liquidity for the banking sector.</li>
<li>iShares are once again in the spotlight as market participants are Re-re pricing risk.</li>
</ul>


Market participants are re-repricing risk, says iShares 20+ Year Treasury Bond ETF.
Policymakers are in a tough spot where they need to combat inflation while also providing liquidity for the banking sector.
iShares are once again in the spotlight as market participants are Re-re pricing risk.


TLT: Higher Rates For Longer Appears Less Likely Following The SVB Collapse

<ul>
<li>The one-sided downward movement in both equity and bond prices in 2022 was both unusual and expected.</li>
<li>The set-up for the next 12 to 18 months is favourable for bonds, both on the short and the long-end of the curve.</li>
<li>The one- sided downward movement was both unexpected and expected.</li>
</ul>


The one-sided downward movement in both equity and bond prices in 2022 was both unusual and expected.
The set-up for the next 12 to 18 months is favourable for bonds, both on the short and the long-end of the curve.
The one- sided downward movement was both unexpected and expected.


Where Is TLT ETF Headed In 2023 And Why Inflation Won't Be An Issue

United States

iShares 20+ Year Treasury Bond ETF is an exchange-traded fund incorporated in the USA.  The ETF seeks to track the investment results of an index composed of U.S. Treasury bonds with remaining maturities greater than twenty years. 

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iShares 20+ Year Treasury Bond ETF (TLT US)

A closer look at stock bond correlation

For me, the most unexpected aspect of recent events has been that both bonds and stocks moved up together. My expectation for this year was that...

Fallacy Alarm

TLT: Higher Rates For Longer Appears Less Likely Following The SVB Collapse

Policymakers are in a tough spot where they need to combat inflation while also providing liquidity for the banking sector.

Vladimir Dimitrov, CFA

Where Is TLT ETF Headed In 2023 And Why Inflation Won't Be An Issue

The set-up for the next 12 to 18 months is favourable for bonds, both on the short and the long-end of the curve. The one- sided downward movement...

Vladimir Dimitrov, CFA

Price Gauge

52-week Range

Market Cap (USDm)

P/E

Dividend (Yield)