{"id":332,"date":"2021-06-03T19:05:03","date_gmt":"2021-06-03T17:05:03","guid":{"rendered":"https:\/\/abrias.cyon.site\/value-oriented-investing\/"},"modified":"2021-06-28T12:28:17","modified_gmt":"2021-06-28T10:28:17","slug":"value-oriented-investing","status":"publish","type":"page","link":"https:\/\/www.abrias.ch\/en\/value-oriented-investing\/","title":{"rendered":"Value Oriented Investing"},"content":{"rendered":"<p><div class=\"et_d4_element et_pb_section et_pb_section_0 ab-hero-image et_pb_with_background  et_pb_css_mix_blend_mode et_section_regular et_block_section\" >\n\t\t\t\t\n\t\t\t\t\n\t\t\t\t\n\t\t\t\t\n\t\t\t\t\n\t\t\t\t\n\t\t\t\t\n\t\t\t\t\n\t\t\t\t\n\t\t\t<\/div><div class=\"et_d4_element et_pb_section et_pb_section_1  et_pb_css_mix_blend_mode et_section_regular et_block_section\" >\n\t\t\t\t\n\t\t\t\t\n\t\t\t\t\n\t\t\t\t\n\t\t\t\t\n\t\t\t\t\n\t\t\t\t<div class=\"et_d4_element et_pb_row et_pb_row_0  et_pb_css_mix_blend_mode et_block_row\">\n\t\t\t\t<div class=\"et_d4_element et_pb_column_4_4 et_pb_column et_pb_column_0  et_pb_css_mix_blend_mode et-last-child et_block_column\">\n\t\t\t\t\n\t\t\t\t\n\t\t\t\t\n\t\t\t\t\n\t\t\t\t<div class=\"et_pb_module et_d4_element et_pb_text et_pb_text_0  et_pb_text_align_left et_pb_bg_layout_light\">\n\t\t\t\t\n\t\t\t\t\n\t\t\t\t\n\t\t\t\t\n\t\t\t\t<div class=\"et_pb_text_inner\"><h1>Value Oriented Investing<\/h1><\/div>\n\t\t\t<\/div><div class=\"et_pb_module et_d4_element et_pb_image et_pb_image_0\">\n\t\t\t\t\n\t\t\t\t\n\t\t\t\t\n\t\t\t\t\n\t\t\t\t<span class=\"et_pb_image_wrap \"><img loading=\"lazy\" decoding=\"async\" width=\"1600\" height=\"757\" src=\"https:\/\/www.abrias.ch\/wp-content\/uploads\/value_vs_growth_investing_DE_EN_FR_w1600.png\" alt=\"Value Investing vs. Growth Investing\" title=\"Value Investing vs. Growth Investing\" srcset=\"https:\/\/www.abrias.ch\/wp-content\/uploads\/value_vs_growth_investing_DE_EN_FR_w1600.png 1600w, https:\/\/www.abrias.ch\/wp-content\/uploads\/value_vs_growth_investing_DE_EN_FR_w1600-1280x606.png 1280w, https:\/\/www.abrias.ch\/wp-content\/uploads\/value_vs_growth_investing_DE_EN_FR_w1600-980x464.png 980w, https:\/\/www.abrias.ch\/wp-content\/uploads\/value_vs_growth_investing_DE_EN_FR_w1600-480x227.png 480w\" sizes=\"(min-width: 0px) and (max-width: 480px) 480px, (min-width: 481px) and (max-width: 980px) 980px, (min-width: 981px) and (max-width: 1280px) 1280px, (min-width: 1281px) 1600px, 100vw\" class=\"wp-image-584\" \/><\/span>\n\t\t\t<\/div><div class=\"et_pb_module et_d4_element et_pb_text et_pb_text_1  et_pb_text_align_left et_pb_bg_layout_light\">\n\t\t\t\t\n\t\t\t\t\n\t\t\t\t\n\t\t\t\t\n\t\t\t\t<div class=\"et_pb_text_inner\"><p>We do not carry out debates whether the markets are efficient or not, but our experience has convinced us that markets do not always behave rationally, at least not over the short-term.<\/p>\n<p>We believe, rather, that stock markets demonstrate more \"manic-depressive\" traits; the current emotional condition of the market can rapidly change from euphoria and optimism to one of complete uncertainty and fear. This leads to excessive under-valuations of companies triggered by significant price set-backs leading therefore to buying opportunities or pronounced over-valuations of companies triggered by soaring stock prices, therefore leading to selling opportunities.<\/p>\n<p>We pursue a value-oriented approach and invest only in companies that offer a substantial discount for their potential fair value. We act like entrepreneurs and view our investment as a medium- to long-term acquisition for a small stake in a company and not just as an investment in an equity certificate.<\/p><\/div>\n\t\t\t<\/div><div class=\"et_pb_module et_d4_element et_pb_text et_pb_text_2 ab-chart-caption  et_pb_text_align_left et_pb_bg_layout_light\">\n\t\t\t\t\n\t\t\t\t\n\t\t\t\t\n\t\t\t\t\n\t\t\t\t<div class=\"et_pb_text_inner\"><p>Graph: Value investing vs. growth investing. Growth of USD 1.00 invested from 1927 to 2020. Ibbotson 2021<\/p><\/div>\n\t\t\t<\/div>\n\t\t\t<\/div>\n\t\t\t\t\n\t\t\t\t\n\t\t\t\t\n\t\t\t\t\n\t\t\t<\/div>\n\t\t\t\t\n\t\t\t\t\n\t\t\t<\/div><\/p>\n","protected":false},"excerpt":{"rendered":"","protected":false},"author":1,"featured_media":0,"parent":0,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"","meta":{"_et_pb_use_builder":"on","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":""},"class_list":["post-332","page","type-page","status-publish","hentry"],"_links":{"self":[{"href":"https:\/\/www.abrias.ch\/en\/wp-json\/wp\/v2\/pages\/332","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.abrias.ch\/en\/wp-json\/wp\/v2\/pages"}],"about":[{"href":"https:\/\/www.abrias.ch\/en\/wp-json\/wp\/v2\/types\/page"}],"author":[{"embeddable":true,"href":"https:\/\/www.abrias.ch\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.abrias.ch\/en\/wp-json\/wp\/v2\/comments?post=332"}],"version-history":[{"count":16,"href":"https:\/\/www.abrias.ch\/en\/wp-json\/wp\/v2\/pages\/332\/revisions"}],"predecessor-version":[{"id":628,"href":"https:\/\/www.abrias.ch\/en\/wp-json\/wp\/v2\/pages\/332\/revisions\/628"}],"wp:attachment":[{"href":"https:\/\/www.abrias.ch\/en\/wp-json\/wp\/v2\/media?parent=332"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}