If one is to compare the portfolio of 2019-Q2:
https://www.lighthouse-advisors.com/LH_C...019_Q2.pdf
And the latest available portfolio of 2021-Q4:
https://www.lighthouse-advisors.com/LH_C...021_Q4.pdf
I believe except "cash", the reshuffle should be close to 100%?
From VTech, Greatview, Huayu, Goodbaby, Giordano and friends
To Tencent, Meituan, Microsoft, Alphabet, NetEase and friends
I guess the jury is still not out on how the changes would play out eventually.
Hopefully he managed to hold his portfolio during the darkest hours last year (Oct-2022).
Otherwise that would be another catching the top and pulling out close to bottom.
Again I'm not criticizing or being "hey friend, entertain us with your sad story", just puzzle why the switch in approach? Is it due to his Investors pressure after few years of underperforming the market?
I learnt tremendously from his simple filters which I'm still holding true till now with satisfactory result.
Quoted below:
RE: Old Investing Advice Gems from Wallstraits days
Satchmo Wrote:Here is a newbie question: How do u all pick ur initial selection of companies for
analysis? With the aid of publications? If so, do you mind listing a few?
Answer: The most effective way that I know of is to start with "A". There are only 700-odd companies on
the SGX so it won't take that long, a couple of months if you are devoting 1-2 hours a day. You
will get faster as you get more practice.
Learn to analyse by elimination: first remove companies that are losing money, heavily indebted,
very small etc. This will only take 1-2 minutes per company and should cut the list down by at
least 50%.
Of the remainder you can then try to understand what sort of business they are in. If you don't
understand their business or think it's a lousy one, cut them out too. That should leave you with
less than 10% of the initial list i.e. about 70 companies.
Now the real work begins. From these 70, after thorough analysis you should be able to pick 10-
20 that would be decent investments i.e. the business is OK, the management is OK, and the
price is also OK.
Ta-da! You just created your own investment portfolio.