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Ashva Capital Management August 2019 Commentary: A Look At The Indian Stock Market

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Jacob Wolinsky
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Ashva Capital Management commentary for the month of August 2019.

Q2 hedge fund letters, conference, scoops etc

Ashva Capital Management

Dear Limited Partner

Nobody can successfully time the market. A recent study done by DALBAR provides additional evidence for this fact. The study found that the average investor underperformed the S&P 500 in both up and down markets over the course of 2018. The S&P 500 ended 2018 down (4.38%), but the average investor was down (9.42%) for the year. What caused the 504 bps of underperformance? Yes, you guessed correctly if you said poor market timing. The average investor took money off the table in down months but failed to increase...

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Jacob Wolinsky is the ex-Founder of Valuewalk.com (founded 2011, sold 2023). He is founder of HedgeFundAlpha (formerly ValueWalk Premium), a hedge fund focused intelligence service for institutional investors. Prior to founding Valuewalk, Jacob covered small caps, worked recruiting members for a large hedge fund community and freelance financial journalism. Jacob lives with his wife and five kids in Passaic Park NJ. - Email: jacob(at)hedgefundalpha.com. For confidential inquires email me for my Signal ID. Other methods of secure communication are also available. FD: Most of my portfolio is in I mostly purchase broad-based ETFs, mutual funds or individual bonds - I do this for performance reasons and to avoid any potential conflict of interest or occasional receipt of insider information. I will disclose if I have a stake in any company, but in general I have few stocks and I avoid any trading especially around topics I am covering.