Block
Digitales
Value Investing
aus Liechtenstein

"Der Preis ist, was man bezahlt.
Der Wert, was man bekommt."

- Warren Buffett

Warren Buffett Estably
Block
Digitales
Value Investing
aus Liechtenstein
Warren Buffett Estably

Der Preis ist, was man bezahlt.
Der Wert, was man bekommt.

- Warren Buffett

Modern Value Investing according to Buffett & Munger

While in classic value investing according to Benjamin Graham, the undervaluation of a company alone was the decisive factor for purchase, Graham’s disciple Warren Buffett, together with his partner Charlie Munger, expanded the strategy to include other influencing factors.

The result was a more modern variant of value investing, on the basic principles of which we also make our investment decisions. In addition to undervaluation, the factors considered include a high-quality business model, long-term competitive advantages, and future growth prospects. 

How does value investing work?

Every company traded on the stock exchange has a share price and an “actual” value. We analyze potential companies down to the smallest detail to determine as accurate a “value” as possible. If the price is currently lower than the value, an investment is attractive to us, as we assume that the price will adjust to the actual value in the long term.

What returns are possible?

Successful value investors regularly succeed in outperforming the market – i.e. the average – over a long period of time. Unlike ETFs, we are not tied to an index – this opens up a much broader field of possible investments. Even in the event of an unfavorable development, we are not forced to desperately hold on to certain stocks.

Why doesn't everyone invest according to this strategy?

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In addition to a lot of experience and excellent analytical skills, value investing also requires courage and patience. Courage not to simply hide behind a stock index, but to deviate from it. Patience because an approximation between the actual value and the current price takes time and does not happen overnight.

Value Investing

How our investment process works

Step 1
Analyse

Once we have set our sights on a company, we carefully research and analyze it. In addition to hard facts such as balance sheets and key figures, we are particularly interested in soft factors that cannot be fixed to figures.

We attach importance to the quality of the business model, the management or unique competitive advantages. Our analysts also hold discussions with (ex-)employees, suppliers and customers of the company to gain valuable insights. 

Step 2

Valuation

In the next step, we determine the “actual” value of the company and compare it to the current price (= stock price). If the price is below the actual value, we’re investing.

We assume that the share price will adjust to the actual value in the long term.
Step 3
Monitoring
Once a stock has made it into our portfolios, we keep a close eye on our investment in order to react to changes in the competitive environment, management, or stock price. If the price of a share drops, but we remain convinced of the company, we may use the drop in price to buy even more of the stock at a bargain price.
Do you want to know more about our strategy?
Risk management

Safety margin" concept

Our risk management already starts with the selection of our companies. We prefer to invest in companies that have already been able to survive major crises unscathed in the past or have sufficient liquid assets to master future ones as well. 

In addition, the “safety margin” concept ensures that each share in your portfolio has a sufficient safety cushion.

This cushion is created by the difference between the share price and the actual value of the company. The more undervalued a company is according to our analyses, the more likely it is to weaken (for example in times of crisis) in order to still be profitable.

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The advantages of our strategy

As the only digital asset manager that relies on the value investing strategy, we make you part owners of outstanding companies that are trading below their value on the stock market. 

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