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y Dimitrios Koutsoumpos
What an alien year 2020 was. I wish you and whoever you love to be healthy, and I hope for a return to normality in 2021. Outside Greece, stock prices have returned to the pre-pandemic levels, whereas in Greece we are close to reach them. Prices, especially for shorter periods, can be illusionary. What do you think? Are you a bad investor if your portfolio declined -40% until March? Are you a great investor if it doubled later on? Read More
By Dimitrios Koutsoubos
Dear Investorblog’s friends, I received the above message from a student. Like in similar cases, I prefer to answer in public, so that more of you can reach these thoughts, and for the opportunity of discussion.
We have given a homework about Greek stocks and we would like you to tell us 5-6 that an intelligent investor would choose and why. “Why” is more important for us. Thank you in advance.
By Dimitrios Koutsoubos
It is a fact that greek investors are less mature compared to global investors. Τhat is reflected to the Greek Stock Market, as expected. In Greece, irrational behavior and valuations are more often and more intensely experienced, as a result of loose connection between stock prices and fundamentals. A wrong conclusion after the above, is that value investing makes no sense in Greece. I will attempt not only to break this impression, but also try to reveal the truth, which is total different than the obvious.
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