The Market Pendulum – Monthly Letters #11

Ivan Barboza, manager of Ártica Long Term FIA, discusses the dynamics of market fluctuations, using the pendulum movement, an analogy coined by Howard Marks, to describe them. Due to sentiment generated by external factors, the market ends up pricing companies below their valuation, even if the company itself is delivering good results. This often affects individual investor sentiment and raises questions about the invested company. Check out the video!

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