https://twitter.com/Rajesh_FC/status/1701605661774397872?t=slUiYB9ZWaOLjHS81W3Sjw&s=19
I have benefited especially in cleaning up through this forum and finding out nuances so sharing my portfolio and philosophy both.
आ नो भद्राः क्रतवो यन्तु विश्वतः May auspicious thoughts come to us from all over the world – Rig Veda
Cleaned up many laggards in the last quarter and will continue to water the flowers and cut the weeds. What better day to write this today when most of companies in portfolio ended in deep red.
Key points– Temperament for concentration and to bear fluctuations or drawdown of 50% or more also calmly when conviction is there, Foresight to identify small to nanocap with long run ahead, Patience from min 5 year to decades to forever also (beyond my life)
Process of building perspective on investment will continue life long. Investment was gift from covid and what a blunder to start so late in mid 40s but better late than never.
Education – reading annual reports, analysts reports, investor presentation, mega trend, pod casts, youtube videos, management commentary forums such as valuepickr. Reading / listening to more than 1000 hours of wisdom of Buffet, Munger, Mohish Pabrai, Vijay Kedia and many more , last but not the least late Big bull indomitable, unfiltered and inimitable Rakesh Jhujhunwala. I learnt from him that investment portfolio and trading portfolio can be separate. Exposure of a few whom I admire on twitter or superstar investors’ pick as bulk deal or above 1% is known publicly. There are many who don’t know that they don’t know 
as Buffet said vividly. Some have strong opinions or may be incentive driven to earn anyhow, so we have to be very choosy also whom we interact with. Sharing a few examples – Brightcom or BCG- there was concerted push by many and when I looked at linkedin just saw 100 odd employees that too in countries which are hardly known to be talent hub, how can I company with around billion dollar revenue have 100 odd employees. Does the business even exist? Another one after acquisition of Tejas by Tatas and later management guidance that they are aiming for top 5 telecom OEMs in the world still many influencers goading to book profit on 30 to 50% gain or quick to jump on poor quarterly results. Mostly great investments take many years or even decades of conviction. Investing is probabilistic but all we need are a few big winners as Peter Lynch says. Good governance and sustained earning growth are vital for creating value and yet very few companies are able to pull it off. Making mistakes and learning from them will continue lifelong too.
Portfolio-
Long term 75% of portfolio – As long as thesis remains intact (holding since 3 years KPIT, Tejas & Optimums) others are Max India, RIR, Frog cellsat, Kore digital, Cosmic CRF, Ecoreco, SEML, Timescan, Affordable robotic, Insolation energy, Aurangabad distilleries, Reliance Industries
Second high risk not more than 10% of Portfolio to review by Dec 23 and if hypothesis is wrong then exit – Coffee day, Sonalisconsumer,
Review by next Sept 15% of portfolio and if hypothesis is right then move to long term – Waa solar, Silicon rental, Patel Engineering, Kamat hotels, Bondada, Hazoor, SPML infra, Ind swift, Mercury EV
DYODD (do your own due diligence)
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