Raut Value

The aim of Raut Value should be the creation of a long-only wikifolio consisting of in my opinion high quality companies with a long-term holding period. Stock selection should be done globally with a focus on individual companies. Other asset classes such as ETFs or funds should be considered as additon. Investment decisions should generally be based on both qualitative and quantitative fundamental analysis. The company's competitive position, management, profitability, efficiency and purchase price should be considered the main search and selection criteria. Determining whether the company has in my opinion a lasting competitive advantage, is run by excellent management and can be purchased with a margin of safety should be the driver of the investment decision-making process. A minimum number of positions, their weight or a percentage of cash should vary depending on market conditions and decision criteria. The risk should not be identified in the volatility of the individual securities but in the permanent loss of capital and should be directly linked to the intrinsic characteristics of the individual company.