Marketplace Roundtable #49: A Mathematical Approach with Ruerd Heeg

Ruerd Heeg joins the Marketplace Roundtable Podcast to discuss his quantitative methods of investing as reflected in his Global Deep Value service. Heeg seeks stocks with multiple favorable fundamentals, such as those trading below net current assets or with low price earnings. He diversifies by investing in multiple parts of the world through a variety of strategies. "I export fundamentals for thousands of global stocks, then I rank these stocks in several metrics simultaneously, using a computer program." The metrics are determined by the strategy -- Heeg has seven that are based on academic research. A simple metric that has improved results is to filter stocks by liquidity. This yielded better companies than before. A statistical approach, "using many small positions," is a good way to hedge out the factor of luck, says Heeg. Topics Covered 2:10 minute mark - Investing strategy, mathematical models 6:45 - Key lesson learned over time 8:00 - Anything valuable to take away from how the markets have been behaving? 10:15 - What are some sectors you cover? 14:00 - Specific picks ( OAOFY ) ( TSLA ) 20:15 - Concerns about market/portfolio 22:30 - What gives you confidence now? 24:15 - Talking about the Sanofi Genzyme CVR ( GCVRZ ) value right.

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Marketplace Roundtable #49: A Mathematical Approach with Ruerd Heeg is an episode from SA Marketplace Roundtable.

This episode is 32:06 long.

This episode was published on Sep 3, 2019.

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