My investing journey started over 20 years ago when I bought my first stocks as a Uni student. If you asked me back then I felt I was quite serious about investing, but today I call my first 10 years as the time that I didn’t really have the full toolbox to invest well. For example I didn’t understand accounting that well with a background more as a Quant in Finance. Towards the end of the first 10 years of Investing I added a CFA, which for me was really great - I now had the right tools to understand investing.

Right after getting my CFA, I became a Fund of Funds portfolio manager. During this time I met and invested in some of the best long only managers in the world. Got a glimpse into how they and their teams operated and sometimes discuss my stock ideas with them. This was incredibly rewarding and I start my blog www.globalstockpicking.com (@GlobalStockPick on twitter) when I changed roles and moved back to Hong Kong.

What was GSP about?

For those of you that never read anything from GSP blog, I’m a Swedish and live in Hong Kong. Although the intention was always, like the name implied, to invest fully globally, most of my portfolio was always in European and Hong Kong stocks. After meeting those excellent investing teams I hesitated in investing in larger companies, I wanted to apply their investing rigor, but I didn’t want to compete with them on ideas. So I mostly stayed within the small/micro-cap space.

My portfolio performance Mar 2016-May 2024 mostly HK/EU, a 14% CAGR

I believe I particularly sharpened my teeth investing in Hong Kong, it’s really a difficult market to invest in. After struggling for many years and making plenty of mistakes, I feel the mistakes did hammer home a lot of lessons. My “home base” in investing is still Nordics and Hong Kong but I do take quite a lot of steps outside those markets nowadays.

So why Healthcare now?

My gut feeling was that many of my best investments were related to Healthcare. I kept a track record of all trades so it was pretty easy to verify that indeed many of my best stock ideas and returns came from this sector. Some of the write-ups I have copied over from my old blog to this Substack. I also really enjoy digging into Healthcare ideas, it somehow very intriguing learning about our bodies and the struggles the Healthcare sector goes through to reduce pain and suffering. Lastly, it’s just nice to actually become really good at something, instead of always being the eternal generalist who invests in everything but is never really great at anything knowledge-wise.

Healthcare it is

So after 20 years of investing I now start a new journey, to not only be a decent general investor but to become a global healthcare sector expert. Initially I will focus more on Medtech and less on Pharma, but let’s see where this journey takes me. Hopefully I have energy in me to keep going another 20 years!

Why subscribe?

I would be honored to have you with me, on my new journey, to become a Healthcare sector expert and provide you with the best Healthcare stock ideas. Subscribe to get full access to the stock ideas and industry research I will publish here.