What is Private Equity, without the Private (PEWP)?
I am a value investor. That means that I analyze stocks as if I were investing in a private business. Hence the title, “Private Equity” (investing in private businesses), “without the Private” (investing in shares of publicly listed companies).
By nature, that means that I tend to be a long-term investor. I try not to lend too much weight to macroeconomic factors in the analysis of share prices. There are some exceptions where macro analysis is absolutely necessary, e.g. banks - but for the most part I prefer to stick to analyzing risk vs reward from the perspective of business fundamentals.
I do enjoy understanding businesses from the lens of a company’s management, however. It is my intention to share this joy with you. Hope you have fun reading!
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