As we journey into 2025, we wish to reiterate the core principle that defines our investment strategy at Valence Global Fund: We are dedicated quantitative analysts. In a landscape often swayed by trends and popularity contests, we pride ourselves on adhering to data-driven decisions and rigorous analysis.
The year 2024 saw the meteoric rise of popular trades such as Bitcoin and Tesla, driven more by market sentiment than fundamental values. At Valence Global Fund, we steer clear of such speculative pursuits. Instead, our focus remains steadfast on solid, evidence-based investments.
Price volatility is an inevitable aspect of the investment world. However, we believe in living a life of congruence, where our investment decisions are aligned with our principles and long-term goals. It is crucial not to let the cacophony of market noise dictate our feelings or actions. Instead, we can learn to regulate our emotions and stay grounded in our investment philosophy. That being said, balance is key—we must also be flexible and adaptable in response to the ever-changing geopolitical and macroeconomic landscape.
In an era rife with misinformation and market hype, the importance of proper analysis cannot be overstated. By diligently analysing and filtering out false information, we can make informed decisions that not only help in choosing the right investments but also prevent us from stepping into potholes and landmines.
We are pleased to report that Valence Global Fund achieved a notable return of +12.6% in 2024. This absolute return is a testament to our disciplined approach and commitment to our investment principles.
In the wise words of Charlie Munger, “The big money is not in the buying and selling, but in the waiting.”
We look forward to continuing this journey together, fortified by data, analysis, and grounded principles.