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Do you have the balls?


jeffsreng
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Are you willing to sell all your positions now regardless if you're up or down and use all that capital to bet on one stock or one dream position?

 

I'm thinking about it....

 

Do you have the brains not to?  :)

 

1 stock is pretty extreme concentration of risk.  Black swan events can hit a single stock easily.

Just a bit of diversification (say 3-4 positions) will probably help you.

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I don't want to sell cause I really, really like my portfolio right now. But if we have another day like today one can dump another 10% of net worth into BRK and call it a day. You can make good money, be lazy and not give a fuck.

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No.

 

I have been saving and investing for 20 years.  How long have you been at it?  I only bring it up as it makes a really big difference how many sweat years you have behind that equity.  If I was 24 and just finished paying off student loans and have $5k then I probably would.

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No.

 

I have been saving and investing for 20 years.  How long have you been at it?  I only bring it up as it makes a really big difference how many sweat years you have behind that equity.  If I was 24 and just finished paying off student loans and have $5k then I probably would.

 

37 years in Mr. Market

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no. certainly not unhedged. I have high risk tolerance, high concentration and low drawdown sensitivity. But absolutely not. even if it were a  pile of cash with a beautiful business, you simply never know what can happen with 1 ticker/company.

 

 

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I don't want to sell cause I really, really like my portfolio right now. But if we have another day like today one can dump another 10% of net worth into BRK and call it a day. You can make good money, be lazy and not give a fuck.

 

You think BRK will outperform SP500 from here? Or from 10% down from here?

 

 

 

@OP: There's gonna be a ball before Fairfax annual meeting. Unless Sanjeev cancels it and tells you that value investors don't have balls.  ::)

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I don't want to sell cause I really, really like my portfolio right now. But if we have another day like today one can dump another 10% of net worth into BRK and call it a day. You can make good money, be lazy and not give a fuck.

 

You think BRK will outperform SP500 from here? Or from 10% down from here?

 

 

 

@OP: There's gonna be a ball before Fairfax annual meeting. Unless Sanjeev cancels it and tells you that value investors don't have balls.  ::)

 

Don't worry about beating the S&P or BRK-A.  Just focus on your own internal score card.

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If you're a young person, with not much money, and most of your working life ahead of you - your bigger risk is NOT engaging.

The only issue is how aggressive you choose to be.

 

The Donald and his administration are quite the handicap, and getting worse, rapidly.

But handily, Corona hits the elderly hardest. mortality is quite high, and the Donald is 78. This is also an election year, so he's going to have to press a lot of flesh, if he wants to be elected. And every time, a new roll of the dice! ... so what are the odds that over 9 months+ of this, at least one of the rolls results in a contraction  ;)

 

If you can lower the handicap, don't you get a better result?

Vice ...... have we got a job for you!!!

 

SD

 

 

 

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If you're a young person, with not much money, and most of your working life ahead of you - your bigger risk is NOT engaging.

The only issue is how aggressive you choose to be.

 

The Donald and his administration are quite the handicap, and getting worse, rapidly.

But handily, Corona hits the elderly hardest. mortality is quite high, and the Donald is 78. This is also an election year, so he's going to have to press a lot of flesh, if he wants to elected. And every time, a new roll of the dice! ... so what are the odds that over 9 months+ of this, at least one of the rolls results in a contraction  ;)

 

If you can lower the handicap, don't you get a better result?

Vice ...... have we got a job for you!!!

 

SD

 

SD, as we know him, uplifting and practical.

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I don't want to sell cause I really, really like my portfolio right now. But if we have another day like today one can dump another 10% of net worth into BRK and call it a day. You can make good money, be lazy and not give a fuck.

 

You think BRK will outperform SP500 from here? Or from 10% down from here?

 

 

 

@OP: There's gonna be a ball before Fairfax annual meeting. Unless Sanjeev cancels it and tells you that value investors don't have balls.  ::)

 

Don't worry about beating the S&P or BRK-A.  Just focus on your own internal score card.

 

My own internal score card is beating S&P.

 

 

And cruashing value investors balls.

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I don't want to sell cause I really, really like my portfolio right now. But if we have another day like today one can dump another 10% of net worth into BRK and call it a day. You can make good money, be lazy and not give a fuck.

 

You think BRK will outperform SP500 from here? Or from 10% down from here?

 

 

 

@OP: There's gonna be a ball before Fairfax annual meeting. Unless Sanjeev cancels it and tells you that value investors don't have balls.  ::)

 

Don't worry about beating the S&P or BRK-A.  Just focus on your own internal score card.

 

With the cash horde that Warren has to deploy I think BRK will do better than the S&P.

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Don't stare at the balls.

 

https://imgur.com/gallery/rmFgBLv

 

or you will miss the gorilla,

 

 

I counted correctly but completely missed the gorilla.

 

Analogous to how I became fully invested literally a few days before this market sinkhole 1st appeared.

 

Remaining calm, even though the curtain has changed color & there's a gorilla eating my lunch.

This animal can't take my home away from me because I'm debt free.

 

;)

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