thowed

Congrats. I know it's easier in retrospect, & I do like my illiquid small-caps, but I definitely should have had some GOOGL and 0700.HK as well, instead I completely missed out on 2 of the highest-quality large-cap conglomerates that have been on offer at very reasonable prices in the past few years.

Thanks, @John Hjorth !

Interesting exercise in putting it out there - I hate this sort of thing. Top 11 of my rather schizophrenic portfolio. 30 holdings total but working on weeding. FFH 14% Japan Funds 8% TVK 7% TPL 4% LOTB 3.5% SGN 3% ZEG 3% Vietnam Fund 3% LB 2% FICO 1.5% RWWI 1.5%

Nice portfolio, though the leverage makes me feel slightly sick, even if you are young. Please be careful! See also: liquor and ladies...

Very reasonable. Thank you. It's had a good run!

Can I ask why? Already down a bit, though obvs still up a lot since Spring. Thanks

Yes, context is everything and obviously 2000 was a pretty unusual time for US equities. But it is still a very interesting statistic as said above - it's a long period, and you'd expect Gold to act more like cash or bonds

As a sidebar, I see that a member of the Marval INVESTMENT ADVISORY COUNSEL MEMBER team is Pierre Lassonde's son. Does anybody have any knowledge of him. I think Ben's proved his worth, otherwise could end up being a gang of Finance Nepo Babies!

Thanks, @Hoodlum. Very interesting.

Thanks, @ValueMaven, I am a FFH fan, but like to worry, so am always keen for more pushback on this thread! My instinct is that US and India relations is a temporary thing - it feels like it's not a big enough priority for the US. And I also don't think it would be a huge impact on FFH overall. However I also believe in the long-term future of India, there is a lot to like.

Thanks @gfp, that's very good info, to stop me wondering!

Many thanks.

I don't really know, but would suspect that it's just the oil price? And magnified with the more expensive, volatile ones like TPL and LB.

@Lance - can I ask how much of your portfolio is Oil Royalties? You seem to be a fan. Thanks.

TPL and LB. Exhausted, which I hope is a good sign...

Quite confused about 'Finca Kuppy' which had always appeared to be his. But only idle curiosity, no stake in the game.

They I feel like they've certainly earned the right for investors to feel that way. The call was a bit scrappy - but there was a degree of him saying, almost with an eye roll, you can't tell much from one quarter, guys! Have bought more today.

FFS. Complacency, ignorance and appeasement haven't worked so well in European history - if you care to read up on this. Easy to pontificate from across the pond. On the general issue of unelected EU officials, I agree with you.

Thanks for the FILA info - had it on my watchlist, & this seems like a reasonable day to start.

more TPL, LB, & back in to BRO. Pleased to see smart people on here doing similar (though I know others will find it heretical seeing the valuation of these Oil Royalties!). Also back in to MSCI on the drop, but not sure how I feel about it.

I'm still not sure - early days! Off the top of my head, LB is: Smaller Management not behaving in as heinous a way as arguably TPL's are in certain respects More surface rights & water, and less Oil & Gas More focused on Data Centre play optionality (which may end up being a nothingburger, though...)

TPL and LB

I was hoping to get 1500 again - was close on Tuesday. I think it's a great 'Royalty' business at a ridiculous price, now with added political danger (which I think is not as bad as people think, but what do I know...). Definitely a bit of 'faith' required in the quality i.e. it's not really a typical CoBF stock. My portfolio atm is a bit of a bar-bell with stuff like this balanced with FFH.

This is the only one I know. https://www.asiafrontiercapital.com/afc-funds/afc-uzbekistan-fund.html

Whynotboth?