bennycx

Oh well.. for every paper that claims the benefits of concentration, there will be many others that claim the benefits of diversification..

The almost impossible, unimaginable situations. Because you do not know if everyone suddenly does not drink Coke tomorrow, a terrorist attack on all Coke facilities etc..

Lucky year! 50% of my portfolio in BAC and BAC warrants, the other 50% in Dell.

With all due respect to Mohnish, I think it is just ridiculous to talk about 40x returns, let alone 10x in the next 10 years... It might be possible to see little downside and huge margins going forward with a huge competitive advantage, but still it is quite ridiculous to say a certain investment will grow 10 to 40x ex-ante.. Really gettin ahead of himself on this one...

Haha me too as well with few years of experience. But would love to be doing value-investing related work early on in my career.

Hey guys! For those of you who are operating a fund or a partnership especially in London, what would be the best way to start out a small partnership of maybe around 5-10 partners? I'm looking to start a few small partnerships in the region of 50k pounds but it seems starting it up is the hardest bit. Seeking investors who are willing to stick with you for the long term seems to be difficult especially when you do not have a track record of some sorts. I tend to invest in very few stocks and trade very infrequently which makes my track record even less impressive in the eyes of most people. Are there also any other regulatory and legal procedures one have to go through in order to operate a small partnership? Cheers!