Once a year, usually in the first quarter, Obermatt CEO Dr Hermann J. Stern discusses the performance of the Obermatt portfolio. He does this for didactic reasons, because he wants to encourage other people to do it themselves by showing them. We do not want investors to make the same decisions as Dr. Stern and we do not want to pretend that he is better with his portfolio than someone else. Dr. Stern's purchases are not recommendations but simply his decisions for learning purposes.
We do not show how Stern's portfolio has performed from year to year, but rather how much the portfolio has been worth more or less than the amount deposited into the securities account up to that point. We recommend that investors measure exactly what they are paying into their account and then check where they currently stand. So it is not a question of quantifying the performance of a period, because that is ultimately irrelevant and largely left to chance, but rather of determining how the investment activity has paid off.
Obermatt Managing Director Dr Hermann J. Stern discusses the performance of his own portfolio from 2015 to 2020 in this podcast.