Quarterly Letter: Q1, 2023

Prefer PDF? Click Here.

Another solid quarter. While Walsh Investment Strategy pulls ahead of the market, I consolidated a few things, namely benchmarks. In the name of simplicity and efficiency I am no longer benchmarking against the total market (VT) or the NASDAQ (QQQ).

If I could pick one benchmark, it would be the S&P 500. That will be the only benchmark moving forward.

Here are the visual results from the quarter:

Here are the results since inception:

Here is the risk analysis between Walsh Strat and the benchmark:

You can see how much higher my Sharpe and Sortino ratios are. That’s ok. These high ratios are necessary for long term outperfomance.

From Investopedia:
“The Sharpe ratio and the Sortino ratio are both risk-adjusted evaluations of return on investment. The Sharpe ratio indicates how well an equity investment is performing compared to a risk-free investment, taking into consideration the additional risk level involved with holding the equity investment. The Sortino ratio is a variation of the Sharpe ratio that only factors in downside risk.”

I will publish another quarterly letter that goes more in-depth discussing positions, strategy, and other news to members of the website.

Investments

Here are the top and bottom performers for this quarter:

Subscribe to Walsh Investment Strategy to read the rest.

Become a paying member of Walsh Investment Strategy to get access to this post and other member-only content.

A subscription gets you:

✓ Access to see my portfolio holdings
✓ Access to a growing library of investment research
✓ Price lock-in for life
✓ Investing community