Reading

El economista

The Value of Goodwill: A Matter of Perspectives

An article by our analyst Alirio Sendrea, CFA, published in elEconomista, offering an analysis of the implications of goodwill for investors, beyond mere accounting. [minti_button link="https://www.eleconomista.es/mercados-cotizaciones/noticias/12073087/12/22/El-valor-del-fondo-de-comercio-Cuestion-de-perspectivas.html" size="small" target="_blank" lightbox="false" color="color-3"…
  • 16 January, 2023

Quarterly comment Invexcel December 2022

The importance of valuation. In our Q4-2022 letter we review the results of our investment vehicles and the markets in 2022 as a whole, with a special focus on the…
  • 16 January, 2023
El economista

Mistakes are part of the game

Review of the book "7 Mistakes Every Investor Makes, and How to Avoid Them" written by our analyst Alirio Sendrea, CFA, and published in elEconomista. Text only available in Spanish.…
  • 26 October, 2022
2022T3_Invexcel Comentario trimestral

Quarterly comment Invexcel September 2022

Paradigm Shift . In our Q3 2022 letter we talk about inflation, which so many considered dead and then finally arrived, or was accepted, because it had been roaming freely…
  • 20 October, 2022
cinco días

What will happen to the European oil companies?

An article by our analyst Alirio Sendrea, CFA, published in Cinco Días, warning about the potential consequences of the European policy of persecution of the still necessary oil industry. Text…
  • 12 September, 2022

Value is dead, long live Value!

A review written by our analyst Alirio Sendrea - CFA, on the second edition of the book "Value Investing: From Graham to Buffet and Beyond", published in elEconomista. [minti_button link="https://www.eleconomista.es/mercados-cotizaciones/noticias/11570693/01/22/Lecturas-de-un-profesional-CFA-El-value-ha-muerto-larga-vida-al-value.html"…
  • 2 February, 2022

Quarterly comment Invexcel December 2021

In our Q4-2021 letter, we talk about inflation and some curiosities in 2021, such as the record sale of shares by executives and founders of large listed companies, who seem…
  • 14 January, 2022