Category: Uncategorized

Hi everyone. I will be moving to Substack and shutting down this site on April 31. I like the Substack interface, it costs less than WordPress, and offers better collaboration with value investors that I admire. I will be carrying over a few of my favorite articles, and if you are subscribed here I will…

In February, I took a step back and reconsidered my investment strategy, and as a result I reallocated much of my portfolio.  I updated my philosophy to include 4 new criteria: With that in mind I made some changes to my portfolio: Over such a short period of time, I don’t think that my returns…

I originally valued BOC in December using a “sum of the parts” approach, using EBITDA and industry average multiples, and I was very conservative. I found it slightly undervalued with too small a margin of safety. I also had concerns over management, and I stayed away. But after viewing AlexB91‘s post on VIC, I went…