Getting the big things right-Insider Buying Week 1-20-23
Following insider behavior closely was not a very successful strategy last year. They got a lot of things wrong. Not too surprising when you look closely at it. Insiders may know their companies far better than anyone else, but their macro crystal ball might not be better than yours or mine. Last year had two black swan events, a proxy war between the West and Russia over the invasion of Ukraine and rapidly rising interest rates. The investment strategy that shined last year was global macro. After many years of relative underperformance global macro rose to the top. Getting these … Read more