I came to Sweden around five years ago. This country has given me immense opportunities to build myself into what I have become and I am immensely grateful to the country, its people and most importantly to God. One thing that I am disappointed about myself a lot is that by now, I really should have learned the language and be fluent in it but I haven’t. I am an intermediate level speaker of the language for now. From my short experience here, I have few thoughts to share to those thinking of studying and working abroad specifically in Scandinavia.
The value investing strategy is having a hard time and here to defend it is Clifford Asness of AQR capital
“A huge part of our job is building a great investment process that will make money over the long term, but a fair amount of our job is sticking to it like grim death during the tougher times…value alone lost because a lot of expensive stocks actually turned out to be worth it.“
“Competitive advantage can be represented visually as 1 or more feedback loops. These create the advantage “flywheel” that maintain and grow a moat over time. Think of a big, heavy wheel that takes some effort to get started but then coasts off its own momentum. [Above] are 6 simple examples of common advantages represented as flywheels”