Summary Time, not timing was the secret to success. Simple behaviors consistently practiced over time can be much more powerful than the most sophisticated knowledge and analysis. Reversion to the mean is a powerful force in markets. The market currently favors companies that pursue profits most aggressively – we expect this to continue, and it could take more pain for managements to adequately adjust. Galeanu Mihai Annualized Performance (%) as of 12/31/22 QTD YTD 1-Year 3-Year 5-Year 10-Year Since Inception (12/30/99) Opportunity Equity (gross of fees) 2.11 -35.51 -35.51 -4.57 1.43 10.36 6.375 Opportunity Equity (net of fees) 1.85 -36.18 -36.18 -5.52 0.41 9.27 5.69 S&P 500 Index 7.56 -18.11 -18.11 7.66 9.42 12.56 6.28 “Every new beginning comes from some other beginning’s end.” – Seneca A new year, a new beginning. People often appreciate the prospect of starting fresh, the possibility that comes with change. New Year’s resolutions bring hope and promise. For most, the biggest challenge isn’t figuring out what to do, but doing it consistently. Resolutions are made, but not kept. We know we should eat healthy and exercise, be kind and patient with loved ones and buy low and sell high. Somehow, the knowing doesn’t […]
K&X Design and Investment Technology, LLC
Invest The Invisible Impact
K&X Design and Investment Technology, LLC
Invest The Invisible Impact
