Javier Galán

The stock market goes down roughly once every four years, on average, and bear markets are a regular occurrence. Investors should embrace this risk because without the left side of this chart (downside) there would be no right side (upside).

🌍 Europa se reindustrializa:: infraestructuras, defensa y energía marcan el nuevo ciclo en las #bolsas Una tendencia estructural… que favorece a varias empresas concretas ¡Te las cuenta @JGalanR4 de @Renta4Gestora! 👉 r4.com/articulos-y-an… #Inversión #Europa #renta4banco

En el corto plazo: se puede tomar una posición direccional (tanto al alza como a la baja), y esperar que la suerte acompañe a la decisión.

Infraestructuras, industria y defensa configuran una temática de inversión con fuerte respaldo estructural en Europa ¿Qué compañías están bien posicionadas para beneficiarse de estas tendencias? Nos lo explica @JGalanR4 👉 f.mtr.cool/rhfiolfbva #26para2026

Warren Buffett: "I am willing to spend $100 billion this afternoon. I would rather have $100 billion in a good business than have $100 billion in cash." He said this just after formally stepping down, and he has now reiterated it. Take whatever message you want from this.

The S&P 500 is only down 9% from its January high. But 6 of the 7 members of the Magnificent Seven are already in bear markets. This is what a shift in leadership looks like.

"Las caídas duelen pero hay que ponerlas en perspectiva. Tras dos años de subidas, una caída del 7% no es una catástrofe. El punto de partida sigue siendo sólido y vemos valor en EE.UU" Candela Casanueva, de nuestro equipo de gestión, en @capitalradiob  f.mtr.cool/fyqhtnrzal

What happened to alternative asset managers? Current Drawdowns: $BAM -32% $CG -33% $APO -39% $BX -44% $KKR -46% $ARES -46% $OWL -66%

Risk/reward seems attractive: Token consumption accelerating, GPU per hour rental prices going vertical and Tech valuations are broadly below their Covid and Deepseek lows. Some high quality secular growth names are at mid single digit multiples on real 27/28 numbers.

La incompetencia política en uno de los temas más importantes para los españoles expansion.com/inmobiliario/2…

"Este fondo aporta diversificación geográfica dentro de una cartera bien equilibrada" Así describen en #Finect nuestro fondo de inversión #Renta4EuropaAcciones  Consulta el análisis completo ➡️ f.mtr.cool/iwflymohpn

Bill Ackman: “If a company is increasing growth capex while earning above average returns, you should applaud.” This is the case for $META. All hyperscalers are generating solid sales growth, but $META is seeing tangible ROI in the form of higher ad conversions. Long $META.

Warren Buffett: “If you invest in a stock, you must be mentally ready to watch it drop 50% or even more.” Buffett saw his $AXP drop by 83% from its highs during the 2008 crisis. He didn’t sell a single share. It’s now a 44x position for him. Staying dead calm is what it takes.

SK Hynix is purchasing $8 billion of ASML’s EUV tools, the largest purchase order by a single customer in its history, with the purchases set to be completed by year-end 2027 for mass production of HBM and advanced DRAM. $ASML $MU $NVDA $AMD

Charlie Munger: “I have had my Berkshire stock decline by 50% three times and it doesn’t bother me.” Drawdowns are natural consequences of owning stocks. An average stock swings by 100% from peak-to-trough every year. If you own good businesses, there is nothing to worry about.

Terry Smith is currently the favorite punching bag of the investing world. After a period of underperformance, his "Quality" strategy is under heavy fire. But if you actually listen to the 2026 AGM, you’ll find one of the most rational voices in the market. While everyone else is drunk on AI hype, he’s soberly dissecting the data. I’ve handpicked the 7 most thought-provoking slides 👇🏻

#7 - The Lesson of 2000 During the run-up, "Quality" stocks looked like losers compared to the parabolic Nasdaq. The pressure to pivot on fund managers was intense. But when the bubble burst, the Nasdaq lost 80% while Quality businesses preserved capital and recovered quickly. Smith is clearly willing to look like a "loser" today to avoid the inevitable carnage tomorrow.

En la situación de los mercados debido a la guerra, a c/p los escenarios son totalmente binarios. Se puede tomar una posición direccional, y esperar q la suerte acompañe a la decisión, o se puede mirar más allá de la guerra y aprovechar la oportunidad en correcciones