Johan du Preez’s Post

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Highly experienced investment professional.

One price to rule them all: When I published this note it was dismissed as the ravings of someone out of touch with what’s happening in the markets. It got very personal and was rather amusing from a behavioural point of view. Today those detractors have been reminded of a durable truth - that price, valuation & leverage is a toxic cocktail.When price moves in such a rapid and emotional fashion I am always exercised by opportunities that may have emerged. However, we need to be mindful of what earnings we are really buying in the medium term vs the short term tactical opportunity. The linked note touched on this trade-off.  (https://lnkd.in/duXZDyfw) Very Best Johan  #Tactical #taa #episodes 

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