Adam Posted November 3, 2015 Share Posted November 3, 2015 I would love to hear your thoughts on a portfolio I'm building. My goal for this portfolio, which is about 20% of my total invested assets, is to invest in the absolute best capital allocators/investors, and hold on to them for at least the next decade or two. This will be my main growth engine for the total portfolio, while the rest is mostly index stock/bonds based. My current picks are: BRK.B - Berkshire Hathaway MKL - Markel Corporation FFH.TO - Fairfax Financial PSH.AS - Pershing Square Holdings TPOU.L - Third Point Offshore IEP - Icahn Enterprises BAM - Brookfield Asset Management HHC - Howard Hughes I plan to have them equally weighted (except maybe HHC, since it's related to PSH) and re-balance as the prices of each become more attractive. I've also considered many others, which for now I think I'll leave out: Y, WTM, WRB, LRE - all probably good insurers, but don't have great investors running the show. GLRE, TPRE - I don't like the added uncertainty of the reinsurance business (at least with MKL, FFH the business is solid). I would much prefer to invest directly with the investors (it's possible with Loeb, but not with Einhorn). L, LUK - both were great in the past but have severe management issues today. P/B is very attractive but I'm not looking for value/speculation in this segment of my portfolio, but to invest with the best of the best, so I'm leaving these two out. Others I'm still considering SIGB.L CRS.L RCP.L BH POW.TO SPLP HRG LMCA BVT SHLD OAK FRMO and whole bunch of others, but I'll cut off here. I think my main questions are: - Are my top picks solid? Do you think something is critically missing and should be removed? - Which companies can serve my goal besides the ones in my top picks (I'm considering adding a bunch of 2nd tier companies which might fit this criteria with a smaller stake for each). - Do you think these companies are worthy of holding for a decade or two? I don't want to switch/monitor them all the time. Link to comment Share on other sites More sharing options...
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