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Are You a Focus Investor?


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Are You a Focus Investor?  

192 members have voted

  1. 1. Are You a Focus Investor?

    • Yes
    • No


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I would say I am. 80 pct in my top 5 to 10 ideas and then a bunch of super small positions (mostly penny stocks or odd lot tender arbitrage).

 

I disagree that a more concentrated portolio is less work...I am still reading an annual every day, and trying to come to a rough valuation and buy price.

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I've never been invested in more than 3 stocks at once. I take seriously the idea that I'll make 20 investment decisions in my life.

 

Reminds me of the Rush lyric, so if you choose to past over a stock you've still made a decision correct?  How many are you down to?

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Yes that's true. My intent though was to describe how many times I'll pull the trigger, not counting the amount of times I don't pull it.

 

By the way, I regard your investment style as very intelligent. I would not say that wide diversification, especially in your case, isn't sensible or won't produce good results.

 

I'm down to 17.

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I disagree that a more concentrated portolio is less work...I am still reading an annual every day, and trying to come to a rough valuation and buy price.

 

+1

 

"I try to read every report I can, and I try to figure whether something is cheap." -Buffett in a Fox interview after sale of Petrochina stock.

 

We all know Berkshire runs a concentrated portfolio. That doesn't mean there's less work involved.

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Yes that's true. My intent though was to describe how many times I'll pull the trigger, not counting the amount of times I don't pull it.

 

By the way, I regard your investment style as very intelligent. I would not say that wide diversification, especially in your case, isn't sensible or won't produce good results.

 

I'm down to 17.

 

Thanks for the kind words, I'm doing well so far!  I have right around 50 holdings, which if I were a mutual fund would be considered very concentrated, yet seemingly on this board I'm just a stock or two away from being an index fund.

 

Your comment reminds me of an investor I read about who published all of their trades going back to 1994 online.  If I remember they had maybe 40 trades at the most, they had incredible returns as well.  I wish I would have saved the link..

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My top position is 228% of my portfolio  :D

 

Good thing I am a 20 something and it's all my money.  Somehow I still tell myself I'm conservative.

 

Nice thread, Good to learn from all of you guys, Wow 228% is a lot. is this BAC? Are you leveraged using leaps. Not sure if its already shared.. Thanks a lot

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