– Chins’ Portfolio

Chins’ Portfolio

Thanks for the reply and for being honest, really appreciate it.

Chins:

I now think my equating concalls to staying on top of the business was a large error, and gives one an illusion that a thesis is intact. The market knows a whole lot more between quarters. For export facing companies for example, the market knows exactly when a large shipment has been made, when realisations are falling, when companies are going to have a poor quarter, and in most cases, this is reflected in the price.

Now, on the third time owning Caplin, my investing process is a lot more scuttlebutt based – I try to talk to 1-2 industry experts a week, talk to many different stakeholders in the value chain and try to nail down the industry landscape, competitive advantages and map out supply. My investing is a lot more collaborative now, and a lot of this work is not mine alone, but has come out of working with fellow investor friends.

This is where investors like me will get handicapped as we don’t have the time or the execution skills to pull off scuttlebutts. In the long term (8+ years) I’d want to analyze how much of a lift did your non-core holdings give your portfolio. If you already have an answer from someone you follow please let me know. I hope its in the range of 5% CAGR.

This was such a good comment and we all relate to it so much.

Best of luck and you are getting better. On top of it all you are also making this community better.

Subscribe To Our Free Newsletter

Chins’ Portfolio

Latest News

News Sources