Buying a Toehold Position in This New Name
Not buying heavily was our biggest mistake of the past 5 years
As we revealed last weekend, we were looking to add a new name to our portfolio. And we kept our promise: establishing a toehold position at roughly 4% of the current public stock portfolio. We hope to get better opportunities along the way to work towards a 6-8% allocation and we’re not afraid of averaging up (in the long run, averaging up means you got the investment case right).
A New Compelling Long-Term Buy for the Portfolio?
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Whenever we have identified a new compelling high-quality growth company, we won’t hesitate to add it to the portfolio assuming the price is right. Since we’re long-term quality growth investors, it takes quite some time to build high conviction on a potential new position