|
By Luis GARCÍA ÁLVAREZ, manager of the MAPFRE AM Behavioral Fund
This week marks the end of the winter transfer window in the big European football leagues. That means it is a good time to ask ourselves whether we, as investors, could learn something from sporting directors and vice versa. Are there similarities between the stock market and the club transfer market that we could analyze to reach conclusions?
For results that exceed expectations, both stock market investors and athletic directors pore over the market in search of inefficiencies. In other words, they try to find undervalued assets, whether shares or players, that will contribute to increasing the profitability of their portfolios or to driving the performance of their teams...
|