Talguard Investor Letter On The 2016 Election's Business Implications
by Talguard•Thursday, November 10, 2016
The 2016 historic U.S. Presidential Election is unprecedented. For the first time in history, one party will control all three Federal Branches of Government, two-thirds of governorships, and two-thirds of state legislatures. |
Just like you, I too have observed and lived through this historic U.S. Presidential Election. The U.S. Stock Market had quite a week. Stocks jumped higher on Monday due to a likely Clinton victory based on the polls. However, Donald Trump pulled out an electoral victory on Tuesday. The Market decreased by over 5% on Tuesday evening as it became evident Mr. Trump was going to win. Then the Market rallied on Wednesday and it was volatile on Thursday. Many of you may wonder how I am handling the current volatility and how Talguard is doing in this extraordinary week.
I write this note because the political landscape has shifted in a dramatic way and some of the business climate along with it. No one can predict what will happen with all industries based on this election. I do not make rash decisions based on this outcome. This is why I make my investment decisions based on each individual stock’s prospects and its underlying business. I am not opining on the election and I stay away from partisan discussions. I am writing this note as an investor and businessman. I am writing this note based on the facts that we do know and the implications for some of the industries affected.
The market has experienced volatility and will likely do so in the coming weeks and months. This is because an historic election has resulted in a highly unexpected outcome. The market likes certainty. There is an element of uncertainty with the election of a businessman who has never held office and many policy positions are unknown. One thing is for sure, markets also tend to be volatile when one party controls both the Executive and Legislative branches. In this election, I would like to point out that one party will control much more than that. For the first time in history, one party will control all three Federal Branches of Government, two-thirds of governorships, and two-thirds of state legislatures. This is unprecedented.
Business Insider: 'The 800 pound gorilla': A hedge fund manager explains why a $200 billion company is set to take off
by blissla•Wednesday, September 7, 2016
Dan Chen, CEO of hedge fund Talguard Investments, knows a thing or two about investing.
He has been a professional investor for almost 20 years and has worked on the sell side in investment banking as well as on the buy side in private equity and fund management before founding Talguard eights years ago.
SumZero sat down with Chen to learn about his search for permanent value in great companies and why Visa is his top pick for a great investment opportunity.
Chen argues that the "800 pound gorilla" nature of the company combined with a huge opportunity for international growth in China create a "perfect storm" of a great investment.Read below for his top reasons on why Visa represents a long term growth opportunity:
(Photo credit: Justin Sullivan/Getty Images) |
At the 2016 Berkshire Hathaway Meeting
by blissla•Saturday, April 30, 2016
I have had the pleasure to speak with both Warren Buffett and Charlie Munger a few times over the years now. I firmly believe in concentrated long term value investing is the best course to produce outsized returns and to achieve permanent value. Recently, I spoke with Warren and Charlie at the 2016 Berkshire Hathaway meeting in front of 35,000 attendees and many more as it was broadcasted live on Yahoo Finance.
Click here to watch:
https://finance.yahoo.com/news/seven-reasons-the-berkshire-hathaway-meeting-is-like-hogwarts-172114459.html
Best,
Dan H. Chen
President
Talguard Investments LLC
https://www.Talguard.com
Click here to watch:
https://finance.yahoo.com/news/seven-reasons-the-berkshire-hathaway-meeting-is-like-hogwarts-172114459.html
Best,
Dan H. Chen
President
Talguard Investments LLC
https://www.Talguard.com
Subscribe to:
Posts (Atom)