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Strategies & Market Trends : Value Investing -- Ignore unavailable to you. Want to Upgrade?

To: Jurgis Bekepuris who wrote (38052)	5/26/2010 9:36:46 PM
From: Dan Meleney	Read Replies (2) \| Respond to of 78747

Concentrated portfolio...I'm moving that way...about 1/2 my investment $s to be in about 10 LTB&H (I'm only down to 18 so far from my old diversified approach). This will let me keep up DD on the few I hold. Of the other half, a deeper value portfolio, I'm targeting 2%/company for basket situations, 5%/company for individual "sure things", and 10%-20% for those "once in a blue moon can't believe I'm getting $1 for just $0.40" situations. I'm still mostly cash for that latter piece with only the 2% pieces showing up lately. And I'm still worried about maintaining DD on the 2% chunks.

To: Jurgis Bekepuris who wrote (38052)	5/27/2010 10:34:43 AM
From: hoyasaxa	Respond to of 78747

My less than 10% allocation to public equities (rest in private companies and real estate, cash/currency - kroners, $, a hard currency fund) over 75% in one company: Statoil. I like oil, I like stable developed non-euro non $ countries with Zero debt that have a lot of oil....

To: Jurgis Bekepuris who wrote (38052)	5/27/2010 10:49:31 AM
From: Walter Bagehot	Respond to of 78747

Re: Concentrated portfolios I'll back up Jurgis on this one - I have just two stocks at the moment, and am >85% cash (sold everything in early April in an effort to become totally familiar with my picks - hence me recently joining this board and making a more concerted effort to base picks solely on true value). My approach has developed to being: - Strong convictions on companies - Strict criteria (I am rarely satisfied that I have found value), and I agree with Jurgis that it is not simply a case of using the stock screener to narrow down the list - Very long-term view (I can't actually remove any cash from one of my pots as it is actually my pension) Dan's DD list was certainly helpful - everyone will have their own in some form or another. Mine is work in progress, but I doubt any of us would have the same criteria if we all put pens to paper. Everyone works a different way, and that means concentration will be absolutely the worst way for some people to invest. Know your own psychology!