ECP | Luxemburg, 21.05.2021
Luxembourg School of Business is organizing on a yearly basis a course on value investing where I had an opportunity to teach again with professor Jos van Bommel and Thomas Kaspereit. Aim of my part of the presentation is to show to students, who are partly in an exec program, how we apply the concepts of value investing in our investment processes and portfolio management.
One question I received was on portfolio turnover in the Fund. Over the last 20 years I apply our investment approach, it took on average 4 to 5 years for Mr Market to recognise the fair value of an investment and the margin of safety to close.
Mit freundlichen Grüssen aus Luxembourg
Léon Kirch, CIO & Partner
