TSM - Rondure Global Advisors Q1 2024 Letter
2024-06-09 08:45:00 ET
Summary
- Rondure Global Advisors is a women-owned investment adviser focused on high-quality equity investing for the long-term. We are deeply client-focused and actively cost-conscious, as we are heavily invested alongside our clients for the long haul.
- Emerging markets are being influenced by the gravitational pull of the U.S. economy and Nvidia's influence on stock prices due to AI themes.
- Diversification has been a liability in a concentrated market, with a few AI stocks dominating returns.
- The market is expected to broaden within emerging markets as the year progresses, with a shift in relative earnings momentum and the potential for emerging markets to outperform.
Gravity
"It has been said that arguing against globalization is like arguing against the laws of gravity."
- Kofi Annan
The Sun's gravity pulls the planets in orbit around it, and some planets attract moons in orbit around them. Even spacecraft are moving through the solar system, either in orbit around the Moon or Earth, or traveling to distant worlds, because of gravitational forces....
Rondure Global Advisors Q1 2024 Letter