Research from Superfluous Value, Superfluous Value

Superfluous Value

Stock selection has rarely been as important as it is today. After a roaring decade for US markets and with signs of mania everywhere, the S&P 500 as over-priced as it has ever been.

But, there is better way. Superfluous Value is a contrarian, deep-dive into the markets forgotten by the 60/40 instos and indexing, momentum chasers. Where the hot money has long moved on, it leaves behind investments offering great safety and prospective returns.

I believe the 2020s will look diametrically opposite to the recent past, with Emerging Markets, the UK, Japan and commodities set to rip and I intend to be holding the best opportunities available as they do.

Please feel free to come along on the journey.

Research from Superfluous Value

Contrarian Deep-Dive into the Markets

Equity Bottom-Up

<ul><li>Long-term readers will know I have held Telefonica Brasil (Vivo) for four years and been loudly bullish on the company at times.</li><li>But the thesis hasn’t played out as hoped and the time has come to make way for better opportunities.</li><li>It’s the good type of mistake, where you scrape away with a modest gain (20% + some nice dividends), but an analytical error all the same.</li></ul>

Long-term readers will know I have held Telefonica Brasil (Vivo) for four years and been loudly bullish on the company at times.But the thesis hasn’t played out as hoped and the time has come to make way for better opportunities.It’s the good type of mistake, where you scrape away with a modest gain (20% + some nice dividends), but an analytical error all the same.

Telefonica Brasil

Telefonica Brasil: Moving On