The year is almost over and it’s time to have a look at the performance of the blog’s portfolio the last year. In this post we will also share some ideas about the year ahead, what the blog will aim to accomplish.
Today, the portfolio, which has gotten a name: “The Philosophers’ Legacy Portfolio” has a trailing twelve months return of about 49%. It’s beaten the NASDAQ 100 index over the year by about 17%, which has had a return of 32%. Not bad for the index either.
Of course, a 49% gain must include some share of luck. It remains to see how long the duration of the out-performance will be. The longer duration of out-performance, the higher certainty there is that there is some skill involved too.
The composition of the Philosophers’ Legacy Portfolio is a reflection of what this blog is about – buying wonderful companies at fair prices. It is also a focused portfolio of about 10 stocks in total, where the top five stands for about 64% of the portfolio.
The “philosophers” are of course Warren Buffett, Charlie Munger, Benjamin Graham and Joel Greenblatt, as well as others who follow their lead.
The Philosophers’ Legacy Portfolio takes their lead and will hopefully continue to outperform the next ten years. And this blog will continue to share the ideas that will put the reader on the right path to becoming a better investor himself.
In 2020 this blog aims to share the following with you:
- Some of the main ideas that a true investor should have.
- Elaborate on why owning wonderful businesses at fair prices is superior to buying fair companies at wonderful prices.
- Why it can be better and easier to be a stock market investor vs a real estate investor.
A membership area which will share specific information about:
- Insights into which stocks are in the Philosophers’ Legacy Portfolio.
- News about changes in ownership in the portfolio.
- Examples of wonderful companies in monthly research reports
- A guideline on how to identify wonderful companies
- Valuation techniques – how to value a business
Looking forward to share insights with you in 2020, and hope you will be a happy reader!