Vol. November 2023 – Long-Term Capital Fund Newsletter

Many investors have under-allocated to US Equities after the peak pessimism shown in late October. Has the S&P train left the station after a big November?

One can take comfort that 2023 would only be the first year of recovery since a -19% year in 2022.  If so, it is not likely to be in an exuberant state with many investors still on the sidelines. 

What if buying after the S&P 500 has rose considerably this year is still a bitter pill to swallow?  Two quick solutions come to mind….

Further reading from Kamet capital