Here is the latest from Canadian Value Investors:
-Portfolio Updates – Our Concentrated Portfolio and our lower-risk Diversified Portfolio
-What do you do when positions double? (i.e. thoughts on Portfolio Rebalancing)
-Berkshire Hathaway - Concentration and Energy
-Suncor Energy TSX:SU – The Power of Buybacks
-Ideas Around the Web including META, India, and gambling with Interactive Brokers
Portfolio Updates
Our energy holdings have done quite well given the current climate; a few puns intended. We note that two of four positions pre-date the Russian invasion of Ukraine (Suncor, MEG), while two are after (Vermillion, Whitehaven Coal), although we have also added to Suncor again a few months ago (see the Power of Buybacks below).
Before we get into where we are going, let’s talk about where we are at today. We keep two portfolios, a higher-risk Concentrated-with-a-capital-C portfolio, and a less concentrated version that has a lower expected return, but much lower risk given its focus on larger companies and more positions in general. As we constantly remind ourselves, the more positions you have the harder it becomes to outperform the index. We encourage you to check our Value Investing 101 – Concentrated Investing section for the math - https://www.canadianvalueinvestors.com/value-investing-101