Well, one side effect of deep DD is that you might spend a week researching a company, write a dissertation on it and then realize it's not worth investing into. I understand that's not what you are saying about SA articles, but it does happen. So you could see a long article about a company and the conclusion "no buy".
I believe most of people on CoBF do invest, so I don't think that applies to them.
I don't have a good opinion about SA. Though there some good people there. I don't follow SA - not worth my time IMO.
Regarding diversification/concentration, yeah it's an old topic on this thread. :) I am amazed at your outperformance with your superdiversified portfolio. Personally, I can't run concentrated portfolio for the life of me. Like you say often, my "best" ideas are usually not good. It's the other portfolio parts that carry it sometimes. Position sizing for me is very tough.
Overall 2009 was the last year I outperformed SP500. So it's getting to the point where I don't see much point to do what I was doing. Not sure the changes I am trying now will be for better and if I can persist with them. On the positive side, this is happening at the time when BRK/FFH are cheap, so I can mostly buy them. On the negative side (so far), I got into the whole oil co morass. Might have been better to have that part of portfolio in BRK/FFH too.
Anyway, thanks for responding and take care. |
