{"id":7059,"date":"2020-03-12T12:57:15","date_gmt":"2020-03-12T11:57:15","guid":{"rendered":"https:\/\/clusterfamilyoffice.com\/?p=7059"},"modified":"2020-03-12T12:57:15","modified_gmt":"2020-03-12T11:57:15","slug":"invirtiendo-plena-pandemia","status":"publish","type":"post","link":"https:\/\/clusterfamilyoffice.com\/en\/invirtiendo-plena-pandemia\/","title":{"rendered":"Investing in the midst of a pandemic"},"content":{"rendered":"

After the much read and commented in networks \u00abThe lies of the Spanish government and health authorities about the coronavirus<\/a>\u00abIn the third instalment of articles dedicated to the global crisis caused by the SARS-Cov-2 coronavirus and Covid-19 disease. In our first article entitled \u00abRealistic coronavirus figures and the opportunities of an unfortunate crisis<\/a>\u00bbWe were already anticipating this: The effects on the entire world economy are devastating in the short term. But only in the short term since the infection has a clear expiry date<\/strong>, Unlike other geopolitical, military or social conflicts, which also generate panic in the markets. Y It is this temporality that should awaken the good investor in us and change our fear for the famous greed that Buffett and other investment greats recommend when the rest of us panic.<\/strong><\/p>\n

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\"\"In this pandemic, which is now beginning to sweep the West, the investment opportunity is one of those that are often called once in a life time<\/em>, This is one of those rare occasions in the course of a lifetime of investing. This is because, although there is always room for doubt due to imponderables that can complicate scenarios, business activity will probably recover to pre-pandemic levels in the medium term at best. Obviously these imponderables include, for example, a mutation that makes the virus more resistant and\/or deadly, war conflicts that add more instability to the world order, or other health crises that could arise and coincide in time with the current pandemic. But if none of these things happen, the recovery in the tone of the economy will be no more than a few months. a couple of quarters<\/strong>, And what should a few quarters mean on the horizon for a good investor? Nothing.<\/p>\n

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Therefore, it's time to go shopping<\/strong> (or hunting, as Buffett would say) and take advantage of the fact that the results of countless good companies around the world are going to be temporarily and exceptionally bad. Because the fall in profits and turnover will not be due to poor business performance but to a lull in global economic activity that is as exceptional as it is temporary. If we talk about airlines, we will find some at half the price of last year. If we look at the energy transport sector, the falls and fluctuations have been insane. And what can we say about the China's health sector<\/strong>, The winning horses, for example, have an exceptional horizon ahead of them because they will be the almost exclusive providers of pandemic and post-pandemic material on a planetary level.<\/p>\n

.<\/span><\/p>\n

\"\"But how to find these pearls with such a promising future? Decades ago we learned that it is much more efficient to select\u00a0the best international fund managers<\/a> than trying to analyse the best companies on the planet<\/strong>. The knowledge that good local management teams will have of the best companies in their respective countries (Vietnam, India, Brazil, China, etc.) will always be infinitely superior to ours or to that of any multinational management company that tries to make its selection through a manager located in London or New York, even if its forefathers were originally from those countries. We would therefore be well advised to invest our money now in those investment funds<\/a> who have local and comprehensive knowledge of China (or the specific health sector as mentioned above) or any other country.<\/p>\n

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And those good local managers will not only choose good businesses, but also cheap ones, with bright prospects for recovery<\/strong>. Because if we think that a company may be losing a whole quarter of its turnover due to the pandemic, for example, and we buy it now at a panic price, its growth prospects in terms of turnover over the next 4 or 6 quarters will be spectacular. In other words, we will be investing with Value criteria but with a Growth potential that is as exceptional as it is profitable. If we add to this the fact that we will be selecting companies whose business is based on taking advantage of growing economies and demographics such as those in Asia, the tailwind will further boost our future profits.<\/p>\n

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\"\"As the image on the left hand side of the\u00a0Cobas March Newsletter<\/a>, It is now, when our neighbours in the 3rd 5th are beginning to realise that perhaps the coronavirus is not just a simple flu, that we should invest without fear and give free rein to our good investor's greed. Now, when our less informed friends and acquaintances are alarmed by the market crashes that are all over the TV news. Just like the lift man who recommended shares to Groucho Marx. in this<\/a> essential book, or Rockefeller's shoeshine boy invested in the stock market. In other words, when the less informed panic about the coronavirus epidemic and the markets go into a tailspin, it is the most appropriate time to invest in the quality assets that have been exaggeratedly depreciated in recent days. It is perfectly possible, as we have already said, that things will get even more complicated, and that the investments we make today will temporarily lose an additional 20% or 30%. But if they do, and our investments are of quality and made with the good judgement of the best fund managers on the planet, it will be for a very short time. On the other hand, if we remain fearful out of the market, it is likely that we will not see that additional 20-30% fall but a sharp recovery and miss out on much of the upside, having blown this one. \u00abonce in a life time\u00bb.\u00bb<\/em> opportunity.<\/p>\n

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We know that many will read this article but will not follow the recommendation, as it is easy to understand that you have to buy when everyone else is selling, but it is difficult to dare to put it into practice. And thanks to the majority who won't dare and those who don't even agree with our arguments, a few of us will be able to make substantial profits in the coming years.<\/p>\n

 <\/p>","protected":false},"excerpt":{"rendered":"

Despu\u00e9s del tan le\u00eddo y comentado en redes \u00abLas mentiras del gobierno y las autoridades sanitarias espa\u00f1olas respecto al coronavirus\u00ab,vamos con la tercera entrega de art\u00edculos dedicados a esta crisis mundial causada por el coronavirus SARS-Cov-2 y la enfermedad Covid-19. En nuestro primer art\u00edculo titulado \u00abLas cifras realistas del coronavirus y las oportunidades de una […]<\/p>\n","protected":false},"author":6,"featured_media":7065,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[38,33,45,41,42,39,20],"tags":[],"class_list":["post-7059","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-actualidad","category-business-market","category-asesoramiento-deportistas-artistas","category-economia-y-finanzas","category-estrategia","category-crear-mi-propio-family-offices","category-sin-categorizar"],"_links":{"self":[{"href":"https:\/\/clusterfamilyoffice.com\/en\/wp-json\/wp\/v2\/posts\/7059","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/clusterfamilyoffice.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/clusterfamilyoffice.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/clusterfamilyoffice.com\/en\/wp-json\/wp\/v2\/users\/6"}],"replies":[{"embeddable":true,"href":"https:\/\/clusterfamilyoffice.com\/en\/wp-json\/wp\/v2\/comments?post=7059"}],"version-history":[{"count":0,"href":"https:\/\/clusterfamilyoffice.com\/en\/wp-json\/wp\/v2\/posts\/7059\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/clusterfamilyoffice.com\/en\/wp-json\/wp\/v2\/media\/7065"}],"wp:attachment":[{"href":"https:\/\/clusterfamilyoffice.com\/en\/wp-json\/wp\/v2\/media?parent=7059"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/clusterfamilyoffice.com\/en\/wp-json\/wp\/v2\/categories?post=7059"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/clusterfamilyoffice.com\/en\/wp-json\/wp\/v2\/tags?post=7059"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}