We thought to present the performance of our long recommendations compared with a couple of indexes/benchmarks. We have been fortunate to have outperformed the market, as displayed below. In the coming weeks, we likely will add a couple of new names. As a reminder, while we continue to believe that the overall equity market (S&P 500) is overvalued, we search for and find a few investment opportunities.
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UK-based oil firm BP announced on Thursday its wholly owned subsidiary, Castrol, had sold 11.5% stake from the 71% it held in Castrol India, to domestic and international investors.
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