On 2020-06-24, I announced that we had outperformed NIFTY50 by 26% since inception and shared https://t.co/FFLo5Pctah. The post did not identify the entity or portfolio meant by “we,” give the inception date or measurement period, or explain the calculation. This is a separate dated performance claim from later updates on true beacon international for foreign investors.
On 2020-08-20, @TrueBeaconIN reported that it was currently outperforming the NIFTY by 29% and that ~80% of its investments were hedged. The post described its stance as cautious, but did not specify the performance period or calculation method, or the scope and timing of the hedges.
On 2020-09-11, I shared a post saying @TrueBeaconIN outperformed the markets over the last year. It gave no performance figures or market benchmarks and included links to Forbes India content.
At what I called frothy valuations, I described our outlook as counter-trend and said we were 60 percent hedged. Although the trend was up and no one could time when it would change, I said we would rather miss 50 % of the upside than risk principal.
An unattributed post dated 2021-01-28 advised readers not to try to predict the future, and offered the practical advice “Stay safe, stay hedged, don’t leverage.” The post’s author is not identified in the supplied content; its skeptical view of forecasting is consistent with the risk-conscious approach described here.