Author Topic: Do you have the balls?  (Read 12560 times)

jeffsreng

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Do you have the balls?
« on: March 12, 2020, 02:15:40 PM »
Are you willing to sell all your positions now regardless if you're up or down and use all that capital to bet on one stock or one dream position?

I'm thinking about it....


longlake95

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Re: Do you have the balls?
« Reply #1 on: March 12, 2020, 02:24:25 PM »
Thats not in my wheel house. You better be sure the one company you pick is worth it...

nodnub

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Re: Do you have the balls?
« Reply #2 on: March 12, 2020, 02:31:03 PM »
Are you willing to sell all your positions now regardless if you're up or down and use all that capital to bet on one stock or one dream position?

I'm thinking about it....

Do you have the brains not to?   :)

1 stock is pretty extreme concentration of risk.  Black swan events can hit a single stock easily.
Just a bit of diversification (say 3-4 positions) will probably help you.

rb

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Re: Do you have the balls?
« Reply #3 on: March 12, 2020, 02:34:28 PM »
I don't want to sell cause I really, really like my portfolio right now. But if we have another day like today one can dump another 10% of net worth into BRK and call it a day. You can make good money, be lazy and not give a fuck.

no_free_lunch

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Re: Do you have the balls?
« Reply #4 on: March 12, 2020, 02:34:56 PM »
No.

I have been saving and investing for 20 years.  How long have you been at it?  I only bring it up as it makes a really big difference how many sweat years you have behind that equity.  If I was 24 and just finished paying off student loans and have $5k then I probably would.

jeffsreng

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Re: Do you have the balls?
« Reply #5 on: March 12, 2020, 02:36:44 PM »
No.

I have been saving and investing for 20 years.  How long have you been at it?  I only bring it up as it makes a really big difference how many sweat years you have behind that equity.  If I was 24 and just finished paying off student loans and have $5k then I probably would.

37 years in Mr. Market

thepupil

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Re: Do you have the balls?
« Reply #6 on: March 12, 2020, 02:36:49 PM »
no. certainly not unhedged. I have high risk tolerance, high concentration and low drawdown sensitivity. But absolutely not. even if it were a  pile of cash with a beautiful business, you simply never know what can happen with 1 ticker/company.


Castanza

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Re: Do you have the balls?
« Reply #7 on: March 12, 2020, 02:38:47 PM »
If you're under 30 have no debt, a good 401k contribution, a decent job and no kids why not...

100% BRK or 100% MSFT if they reach bargain basement prices probably would work out well.

Jurgis

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Re: Do you have the balls?
« Reply #8 on: March 12, 2020, 02:41:14 PM »
I don't want to sell cause I really, really like my portfolio right now. But if we have another day like today one can dump another 10% of net worth into BRK and call it a day. You can make good money, be lazy and not give a fuck.

You think BRK will outperform SP500 from here? Or from 10% down from here?



@OP: There's gonna be a ball before Fairfax annual meeting. Unless Sanjeev cancels it and tells you that value investors don't have balls.  ::)
"Human civilization? It might be a good idea." - Not Gandhi
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jeffsreng

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Re: Do you have the balls?
« Reply #9 on: March 12, 2020, 02:44:16 PM »
I don't want to sell cause I really, really like my portfolio right now. But if we have another day like today one can dump another 10% of net worth into BRK and call it a day. You can make good money, be lazy and not give a fuck.

You think BRK will outperform SP500 from here? Or from 10% down from here?



@OP: There's gonna be a ball before Fairfax annual meeting. Unless Sanjeev cancels it and tells you that value investors don't have balls.  ::)

Don't worry about beating the S&P or BRK-A.  Just focus on your own internal score card.
« Last Edit: March 12, 2020, 02:52:59 PM by jeffsreng »