I don't understand why you feel you have to post the performance of your portfolios here.
It kind of invites critical, if not disparaging, commentary.
If your purpose is to point out that a few stocks, carefully selected per some Buffett criteria ("competitive sustainable" advantage?) can beat the market over time, you have showed that --- maybe. But maybe only theoretically.
Drawbacks are these:
1. For some of us who've read your posts over the past decade, as we have repeatedly said, we have difficulty in seeing where you actually say you bought the stocks in the portfolios you've constructed. It's a hell of a lot easier to live with a portfolio if you actually don't own the stocks in that portfolio.
2. Who here actually invests like this --- sets up a portfolio and just holds it? As financial life continues over the years with salary increases, money flowing to retirement accounts, what's to be done with that money? Does the 5-stock portfolio become a subset of the person's total investments or the whole investment? Or we just don't consider that because this is a theortical portfolio? I ask that because in the five years since the 5-stock portfolio, afaik, you've made exactly one buy recommendation on this thread (Buy Disney)
3. We are talking about a what ---an $11,000 portfolio? This is a joke. What's the risk profile of someone who is actually able and willing to commit big to holding just a few focused stocks? Who is such a person who would do such a thing? Not many. Having some real money in the market and living through the ups&downs of the market and individual stocks when there are big $$ changes involved, that is a challenge. |
