I have always loved the stock market. I love its capriciousness – its volatility and seeming unpredictability. Like anything enjoyable, it is not always easy. But it is not a ‘gamble’.
Unlike a roulette table where - with all the knowledge, intelligence and study in the world - you could not accurately predict the outcome, the outcome of an investment in a diligently researched company should be far more predictable.
Over the last few months Stephen and his team at Blue Whale have been ‘studying the playing field’ in a whole new arena. Covid-19 has created an entirely new backdrop to the investment world – one which will stress test some of the oldest and most established industries in the world, while also launching new companies – possibly even new industries – to unprecedented heights.
To take part, sensible yet flexible strategy is key. Stephen and his team are not only aware of this but embrace it.
The joy of any contest is in getting better at it. It has been of great comfort to me that, far from blaming uncontrollable external forces, the investment team at Blue Whale have embraced Covid-19 as a rare opportunity to evolve through adversity. While others sit and bury their heads in the sand, the Blue Whale team are certainly “levelling-up”.
A few weeks ago, Stephen wrote an article highlighting some of the pitfalls that have arisen for investors as a result of the recent global pandemic. These could be considered traps both for the investment new-comer, and the stubborn veteran alike.
Here, Stephen discusses some of the opportunities that he sees now:
Please note that the information provided in this article is not to be construed as advice and any views we express on holdings do not constitute investment recommendations and must not be viewed as such. If you are unsure as to the suitability of an investment for your circumstances, please seek independent financial advice. Investments can go down in value as well as up so you may get back less than you invested. Your capital is at risk. Past performance is not a guide to future performance.