Aswath Damodaran: Globalization Backlash
April 1, 2025
In his recent article, NYU professor Aswath Damodaran shares his thoughts on how politics, globalization, and disruption has changed the investing landscape.
Kurt Kara: Why we bought LVMH for the portfolio
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By Borsgade
- - Published
In its October 2023 update, Kurt Kara and the team behind their Value Stocks fund give an update on the macroeconomic situation in the US and developments in the portfolio portfolio. Here they also unveil a new position that they have added to the portfolio: French luxury group LVMH Moet Hennessy Louis Vuitton.
In relation to the portfolio, they write:
In October, we decided to add French luxury group LVMH Moet Hennessy Louis Vuitton to our portfolio. The stock was bought at 20x the estimated earnings, which in our opinion was very attractive at the time of purchase. We financed the acquisition with the sale of the position in Gentex, as it was our assessment that LVMH has a more attractive business model in the long term.
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Disclaimer of liability
The above has been prepared by Børsgade ApS for information purposes and cannot be regarded as a solicitation or recommendation to buy or sell any security. Nor can the information etc. be regarded as recommendations or advice of a legal, accounting or tax nature. Børsgade cannot be held liable for losses caused by customers’/users’ actions – or lack thereof – based on the information in the above. We have made every effort to ensure that the information in the above is complete and accurate, but cannot guarantee this and accept no liability for errors or omissions.
Readers are advised that investing may involve a risk of loss that cannot be determined in advance, and that past performance and price development cannot be used as a reliable indicator of future performance and price development. For further information please contact info@borsgade.dk
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