by Adrià Rivero - Inversión en Bolsa | 17/04/2025 09:30 AM | AAPL
⚠️ Apple's price-to-earnings (P/E) multiple is significantly elevated, currently double the historical market average, raising concerns about its sustainability.
📉 If Apple's P/E ratio were to revert to a more normalized level (around 16.5x), its substantial weight within the S&P 500 index could potentially be halved.
📊 Apple is highlighted as part of a group of top S&P 500 companies (including Nvidia, Microsoft, Amazon) trading at a high average P/E of 33x expected 2025 earnings, suggesting potential headwinds for future stock returns if multiples contract.
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by Adrià Rivero - Inversión en Bolsa | 12/04/2025 09:00 AM | AXP
🏆 Warren Buffett's 1974 investment in American Express exemplifies the 'hunter' strategy: buying heavily into a quality company during market panic.
📈 Buffett's conviction led him to increase his AXP position when others were selling, a move that generated enormous long-term returns.
💎 The 'hunter' approach often involves high concentration in a few deeply understood companies with strong competitive advantages.
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by Adrià Rivero - Inversión en Bolsa | 12/04/2025 09:00 AM | GMAB
🔪 An investor case study showed selling Genmab after a 32% loss prevented a much larger 65% decline, highlighting the 'assassin' strategy.
⏱️ Setting predefined stop-loss levels, like 20-33%, can protect capital by forcing sales before drawdowns become unrecoverable.
📉 While cutting losses limits upside if a stock recovers, it crucially preserves capital for future, potentially better opportunities.
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by Adrià Rivero - Inversión en Bolsa | 12/04/2025 09:00 AM | CMPGY
⏳ A case study highlighted an investor selling Compass Group for a small 5% loss, only to miss out on a subsequent 143% gain.
📈 Selling winning stocks prematurely due to fear or impatience can significantly damage long-term portfolio returns.
🎯 Investors should wait for clear signals—like a broken investment thesis or hitting a predefined stop-loss—before selling a winning position.
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by Adrià Rivero - Inversión en Bolsa | 12/04/2025 09:00 AM | AKSO.OL
🏹 A 'hunter' investor turned a potential 40% loss in Aker Solutions into a 24% gain by strategically buying more shares as the price fell.
💰 Averaging down requires strong conviction in the original investment thesis remaining intact despite the price decline.
⚠️ This strategy involves concentration risk and should only be applied to businesses understood deeply, eventually selling if the thesis breaks.
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