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I’m an individual investor managing my own as well as family members’ portfolios. I very much enjoy the investing process, getting to learn about a variety of new and interesting companies, learning about investing psychology, and all the myriad things that contribute to successful (as well as not so successful) investing outcomes. A core part of my investing philosophy is that I’m really looking for investment opportunities that “hit you like a 2×4-to-the-head with how obvious they are,” to paraphrase Mohnish Pabrai. Thus, while granularity is crucial at times, a lot of my writing will be towards broad themes speaking to the obviousness (or lack thereof) of an investing idea. In my own investing, I tend to be rather concentrated, initiating positions at 5-10% of the portfolio. Initially I was more into the “cigar-butt” approach of deep value investing, but, over time, I’ve come around more to the Munger approach of trying to buy wonderful businesses and hold them for a long time. So, in general, my hope is to hold a business for a very long time, and especially to never trim, no matter what percentage of the portfolio it balloons into. Put another way, I very much subscribe to the approach which says “don’t cut your flowers and water your weeds.” I don’t claim to be an expert on most things, so when I go wrong, I will be looking forward to an education from the smart readers and participants of the SeekingAlpha community. Happy investing!
Analyst’s Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.
Seeking Alpha’s Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.
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