Started investing over 20 years ago back in my University days. If you asked me then, I felt I knew what I was doing, but today I would rate myself as a beginner back then. For example I didn’t understand accounting that well, with a background as a Quant. After 10 years of investing I added a CFA, a lot of people make fun of it, but for me it made sense - I now had the right tools to understand investing.

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. I got a glimpse into how they and their teams operated and sometimes discuss my stock ideas with them. This was incredibly rewarding and I started my blog www.globalstockpicking.com (@GlobalStockPick on twitter) when I left the portfolio manager role.

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!

No Paywalls

I spent a lot of effort and research before writing something on this page. I try to provide you with the best Healthcare stock ideas I can find (and can find time to write-up). Subscribe to get full access and not miss any updates. Most Substacks have paywalls but everything here is fully free.