Great post, the best part was about the conviction, I personally invested in a great business a year ago and the valuation was also good, but after few months I sold 100% stake cause I realised that I am not understanding the business properly.
Great post, the best part was about the conviction, I personally invested in a great business a year ago and the valuation was also good, but after few months I sold 100% stake cause I realised that I am not understanding the business properly.
Great post, the best part was about the conviction, I personally invested in a great business a year ago and the valuation was also good, but after few months I sold 100% stake cause I realised that I am not understanding the business properly.
Position sizing makes all the difference. Thanks, Kevin!
can you provide link to reference 1?
It is missing.
It's the video. The interview with mohnish pabrai...
Great post, the best part was about the conviction, I personally invested in a great business a year ago and the valuation was also good, but after few months I sold 100% stake cause I realised that I am not understanding the business properly.
Great article Kevin. I have made a lot of great investments in my life, however I am always disappointed that I didn’t increase my sizing.
Thank you. Yes, position sizing is half the game
Bet size is important but Pabrai's anecdote is him being fooled by randomness.
There's no signal in a losing or winning streak in Blackjack, and thus increasing or decreasing bet size based on this does not increase your EV
How can I subscribe to you paid content ? Many thanks
Great post, the best part was about the conviction, I personally invested in a great business a year ago and the valuation was also good, but after few months I sold 100% stake cause I realised that I am not understanding the business properly.
Great post, the best part was about the conviction, I personally invested in a great business a year ago and the valuation was also good, but after few months I sold 100% stake cause I realised that I am not understanding the business properly.
Thanks for recommending but I have my own broker.
Hey Aarush, please disregard the 'broker message'. It comes from someone impersonating me. I have reported him.
Okay, thanks for informing.