As a Palestinian that has experienced war, people have asked me how it was to live in a war. I found out that you cannot explain war unless you experience bullets flying over your head, neighbors being blown and tanks demolishing your house. I think something similar holds for being in the middle of a crisis such as the current US-China trade war. In situations like this, self-discipline will be rewarded.
Most investors would “trade” Brexit, Trump’s impeachment or the situation with China. By doing that you are missing the forest by focusing on a couple of trees. I think that staying disciplined and investing in businesses rather than the macro flavor of the month, you guarantee to outperform the market in the long term.
We had a +6.65% gain in the quarter bringing our return so far in 2019 to 40.76%.