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December

Month: December 2016

2016 Q4 - Investment Letter (Narrative Fallacy)
December 31, 2016in Investment Letters0by YCG Team
115

2016 Q4 - Investment Letter (Narrative Fallacy)

To the surprise of most market prognosticators, who predicted major declines in a Trump win, the S&P 500 continued its upward march with a 3.82% gain during the fourth quarter.[1] Recognizing the deep complexity of geopolitical, economic, and market forces, we remained agnostic about election-driven market movements. Instead, we focused, as always, on deep fundamental …

…

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COMMENTARY
  • 2019 Q3 – Investment Letter (Disruptor Hype)
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