This week I am kicking off my first podcast edition with a discussion of an amazing insight from JP Morgan: only 10% of current market trades are from investors who are fundamental traders.
I’ve discussed in the past why stock picking is so important to our firm. It’s why we have the performance track record
we have. This news makes us very excited moving forward, as it should anyone who invests similarly to Warren Buffett and other fundamental investors.
If you are an index investor (i.e. buy and stick with a basic bundle of ETFs or other vehicles) you may not be thrilled with what we have to say.
Regardless, you should have a listen as we believe the knowledge that only 10% of investors are fundamentally focused is a big deal.