Last Update on 2022-02-02
2022 Closed Ideas
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To help you, let me give you a brief explanation about what you’ll be facing in my portfolio. First of all, I don’t particularly appreciate saying that I’m a long-term investor without defining the long term.
I consider the long-term five years, so I have a five-year holding period in mind every time I talk about internal rates of return or considerable capital gains.
Second, I do have a high turnover. In my mind, it’s tough to go deep researching any company without having skin in the game, so I usually buy a small position in a stock I’d like to know more about it.
Third, I’m a value investor and a trader. During my value investing classes at Columbia University, I learned that the edge of every value investor comes from discipline, waiting for the proper valuation discount, or understanding the business better. The idea is that this sort of mentality protects you against your own biases.
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However, after years of managing other people's money, I also learned that the traders’ mentality works. Looking for better momentum is critical if you want to survive in managing money. So I embedded this in my investment style.
So, I like splitting the portfolio between “trade” and “position,” considering that “trade” usually are consisted of long and short trades.
Now, if you think that my mentality fits yours, or if you want to look at my ideas, subscribe to the link below.
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