Why we have never felt more bearish in our 25 years career The background: · The US stock market is more overvalued than it has even been ( https://research.nava.capital/market-valuations/) which in itself has little influence on short-term market gyrations. To this we

As you probably know by now, one of our strategy, the Sentinel Gurus US [https://research.nava.capital/us-sentinel-an-introduction/], uses the holdings of more than 100 managers to create the universe on which we run our quantitative screens. The methodology looks like this: For

“Value investing is at its core the marriage of a contrarian streak and a calculator.” S. Klarman “The first principle is that you must not fool yourself, and you are the easier person to fool.” R. Feynman In this brief note, our goal is

Year to date performance analysis of the US Sentinel vs two US benchmarks

Yesterday was a rebalancing day for the US Sentinel strategy. All 13F have been filled & published on the SEC Edgar website on Friday. We took this opportunity to review the year-to-date performance of this portfolio. How did the strategy hold during the recent market