jeffsreng Posted March 12, 2020 Share Posted March 12, 2020 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.... Link to comment Share on other sites More sharing options...
longlake95 Posted March 12, 2020 Share Posted March 12, 2020 Thats not in my wheel house. You better be sure the one company you pick is worth it... Link to comment Share on other sites More sharing options...
nodnub Posted March 12, 2020 Share Posted March 12, 2020 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. Link to comment Share on other sites More sharing options...
rb Posted March 12, 2020 Share Posted March 12, 2020 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. Link to comment Share on other sites More sharing options...
no_free_lunch Posted March 12, 2020 Share Posted March 12, 2020 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. Link to comment Share on other sites More sharing options...
jeffsreng Posted March 12, 2020 Author Share Posted March 12, 2020 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 Link to comment Share on other sites More sharing options...
thepupil Posted March 12, 2020 Share Posted March 12, 2020 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. Link to comment Share on other sites More sharing options...
Castanza Posted March 12, 2020 Share Posted March 12, 2020 If you're under 30 have no debt, a good 401k contribution, a decent job and no kids why not... 100% BRK or 100% MSFT if they reach bargain basement prices probably would work out well. Link to comment Share on other sites More sharing options...
Jurgis Posted March 12, 2020 Share Posted March 12, 2020 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. ::) Link to comment Share on other sites More sharing options...
jeffsreng Posted March 12, 2020 Author Share Posted March 12, 2020 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. Link to comment Share on other sites More sharing options...
SharperDingaan Posted March 12, 2020 Share Posted March 12, 2020 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 Link to comment Share on other sites More sharing options...
johnpane Posted March 12, 2020 Share Posted March 12, 2020 Just focus on your own internal score card. Just focus on your balls. Link to comment Share on other sites More sharing options...
jeffsreng Posted March 12, 2020 Author Share Posted March 12, 2020 Just focus on your own internal score card. Just focus on your balls. Nice. I love competition. Link to comment Share on other sites More sharing options...
Spekulatius Posted March 13, 2020 Share Posted March 13, 2020 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. Link to comment Share on other sites More sharing options...
Jurgis Posted March 13, 2020 Share Posted March 13, 2020 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. Link to comment Share on other sites More sharing options...
boilermaker75 Posted March 13, 2020 Share Posted March 13, 2020 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. Link to comment Share on other sites More sharing options...
meiroy Posted March 13, 2020 Share Posted March 13, 2020 Here's something for your balls to think about, you do realize that BRK's CEO is within the most vulnerable age group to the virus? Link to comment Share on other sites More sharing options...
undervalued Posted March 13, 2020 Share Posted March 13, 2020 Lol from crushing balls to thinking balls, may the best balls win. Link to comment Share on other sites More sharing options...
DooDiligence Posted March 13, 2020 Share Posted March 13, 2020 Don't stare at the balls. https://imgur.com/gallery/rmFgBLv Link to comment Share on other sites More sharing options...
boilermaker75 Posted March 13, 2020 Share Posted March 13, 2020 Don't stare at the balls. https://imgur.com/gallery/rmFgBLv or you will miss the gorilla, Link to comment Share on other sites More sharing options...
DooDiligence Posted March 13, 2020 Share Posted March 13, 2020 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. ;) Link to comment Share on other sites More sharing options...
Jurgis Posted March 13, 2020 Share Posted March 13, 2020 Don't stare at the balls. https://imgur.com/gallery/rmFgBLv or you will miss the gorilla, What gorilla? Link to comment Share on other sites More sharing options...
DooDiligence Posted March 13, 2020 Share Posted March 13, 2020 Don't stare at the balls. https://imgur.com/gallery/rmFgBLv or you will miss the gorilla, What gorilla? Mr. Market Link to comment Share on other sites More sharing options...
no_free_lunch Posted March 14, 2020 Share Posted March 14, 2020 Did you ever tell us what this dream stock was? Link to comment Share on other sites More sharing options...
jeffsreng Posted March 14, 2020 Author Share Posted March 14, 2020 I will once I make money or go broke 8) Buffett and Munger never disclose their position real-time. Link to comment Share on other sites More sharing options...
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