Letter to Shareholders Value Equity Q3 2013

29.10.2013
It’s all About the Price Tag...

In his latest Letter to Shareholders, Jens Moestrup Rasmussen, Head of Sparinvest’s Value Equities team gives the value investor’s perspective on global equity markets. The letter includes illustrations of asset crystallization, showing how companies can ‘repackage’ their assets to force marketplace re-evaluation of their true worth. It also examines the idea of reversion to norm – why nothing can remain overpriced or under-priced indefinitely – including Japan and Europe! Read more...