Portfolio allocation, page-98

First 98 Last

Share
Profile

Follow
brrrattt

1,217 Posts.

221

16/02/21

20:22

Post #: 51050914
Share

Originally posted by zhanginu: ↑

Absolutely - I think we are in agreement regarding the fundamental truths in terms of how to value businesses and that cash is what matters. The rest is mere speculation.

I do see myself as an owner of a business, rather than an instrument (other than the occasional arbitrage opportunities). So please don't think less of me (actually you can if you like, I'm fine with it, I think).

It's just, I think, after being hurt so many times by owning subpar businesses, or misjudging the long-term prospects of business (especially being unable to foresee tail events), I am becoming an extremely brutal and cynical owner.. a monster as some may call it.

If there's an earnings call where I don't feel like I want to say to management, "great half, or great year guys", there better be a damn good reason for me not to press the sell button (like if a shipment of inventory fell into the Pacific Ocean, and we are waiting for insurance money to get it back).

It might not be honorable and I may not be the patient long-term investor that management loves, but that's my current philosophy.

And no doubt that philosophy will change as the pool of capital I have is too much for me to get out of positions quickly. And that would be a good problem to have, I think.

Expand

“And no doubt that philosophy will change as the pool of capital I have is too much for me to get out of positions quickly. And that would be a good problem to have, I think.”

Why would you sacrifice the ability to access one extra tool for funds growth. Would you prefer to fight your MMA battle with only one good arm?

Why not just manage the right amount of money so you can still be agile (if required)?
1 Upvote

0 Great analysis

Reply

Top Stories

BTH

Bigtincan's Board backs Investcorp offer: Why a NASDAQ listing could be game-changing

PNN

Power gets set for 1000-metre maiden drilling program in Brazil

Quit before you're fired: Russia bans uranium exports to USA, duplicating extant US ban

3DA

To make modern missiles, you need 3D Printing. And in that gold rush, Amaero is selling shovels

US election outcomes: Key economic and market takeaways

First 98 Last

Portfolio allocation, page-98

Bigtincan's Board backs Investcorp offer: Why a NASDAQ listing could be game-changing

Power gets set for 1000-metre maiden drilling program in Brazil

Quit before you're fired: Russia bans uranium exports to USA, duplicating extant US ban

To make modern missiles, you need 3D Printing. And in that gold rush, Amaero is selling shovels

US election outcomes: Key economic and market takeaways

Featured News

Featured News

Portfolio allocation, page-98

Top Stories

Bigtincan's Board backs Investcorp offer: Why a NASDAQ listing could be game-changing

Power gets set for 1000-metre maiden drilling program in Brazil

Quit before you're fired: Russia bans uranium exports to USA, duplicating extant US ban

To make modern missiles, you need 3D Printing. And in that gold rush, Amaero is selling shovels

US election outcomes: Key economic and market takeaways

Featured News

Featured News