Malmqky

Basically the same age, met at OSU, and have been married since 85...

What's the company? Something like Berkshire, Fairfax, or even CSU is easier to concentrate in due to the diversified nature of the companies. Something like Warrior Met Coal is tougher to concentrate in for obvious reasons. You need to get a few drawdowns of 50% under your belt before you really can feel comfortable concentrating. Otherwise it's gonna be tough for you. The fact you're questioning "how to do it" tells me you're going to have a hard time next market crash holding/not diversifying, etc

Go find me a single person on this board who’s gonna buy the IPO lol

The problem is that even if he is right, there’s a high chance the music plays for decades still. If he’s right and everything blows up in 35 years, he’s still going to come out far behind than if he was investing that whole time in equities, etc. If he’s wrong, there is nothing to prove it. So it’ll be 35 years later and he’s still waiting for the blow-up, and has missed out on millions. Macro stuff like this is too hard. His whole thesis is un-investable because of this.

CSU

Closed CROX leaps and rolled proceeds into more Nintendo, probably will regret it. oh well

How do you think this post makes you sound? We all need some positivity in our lives, especially us! (Nintendo and CSU shareholders)

The problem with OXY is that Blake is viewing it with an ultra long timeframe, and his thesis technically won’t be proven wrong until decades in the future. Until then, the underperformance will mean nothing to him. The empire building and poor capital allocation means nothing to him. Personally seems too hard to me. 3-5 year thesis gives you time to pivot. The 30 year thesis will kill you if wrong, and still might due to opportunity cost even if right.

If the market is outperforming my portfolio, it’s a bubble. Simple really, you guys are overcomplicating it

Some more Nintendo

They’re probabilistic investors. They aren’t trying to buy compounders necessarily, or at least haven’t until more recently. They’re going to be buying a basket of mispriced assets, with the expectation some work and some don’t.

More Nintendo and Coupang in the tax advantaged account Berkshire in my brokerage (aka my savings, because who needs more than a few months of living expenses in cash?) Berkshire for my mother Looks like I'm not selling Berkshire yet..

Fair enough. Clearly you don't think Warren is leading the clueless to the slaughterhouse, so I assume I'm just misinterpretting your posts, and you think long term SP500 is a solid investment.

But seriously, why is your situation unique @Blake Hampton where you don't followed Warren's advice of 90% SP and 10% treasuries or whatever it is? For someone who quotes Buffett so much, I don't understand why ignore his advice in this regard.

Always pays to be positive and an optimist.