Will this year bring a “wealth wipeout” as President Biden makes some effort to roll back the tax cuts of a few years ago, or as interest rates rise? Or will it be a massive rebound year thanks to government stimulus, really strong balance sheets among regular folks who have kept their jobs through the […]
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I’ve been doing my once-a-year assessment of every stock in the Real Money Portfolio over the past few weeks, and this documents pulls all of the quick summaries of those together into one file, to make it easier to keep track of them. What follows is in alphabetical order…. I think I got to them […]
Let’s jump right into it this week… I’ll get our latest tranche of the Annual Review started with one of the smallest companies in the Real Money Portfolio…. Tiptree (TIPT) Buy below 75% of book value if you can be patient, with the 3% dividend yield making the wait a little easier — I expect […]
Crazy week, eh? I guess it’s telling that it was really only the most boring positions that stayed in the green during Thursday’s tough sledding. In my portfolio the only little signs of green that day were Five Point Holdings (FPH), which is basically a land bank, Kennedy-Wilson (KW), which is a real estate asset […]
Finally we get a kind of almost bad week! Nasdaq 100 down 1%! Remember your stop losses if you use them, remember your plan for how to handle risk and your promise to yourself to have some discipline, and remember that when everything falls at once, that’s when you get to buy the things you […]
I’ve been falling behind on my Annual Review summations, so we’ll try to get to a bunch of them today for you… starting with what has usually been the largest holding in my portfolio over the past 15 years… Berkshire Hathaway (BRK-B) — I still consider Berkshire to be an attractive buy at 1.3X book […]
It’s been a phenomenal couple years for the Real Money Portfolio, but I should also note that this has been to some degree a “monkeys throwing darts” kind of market — as long as you did more buying than selling over the past couple years, and as long as you kept your exposure to some […]
With each passing day this week, I became more and more interested in “boring” stocks — there is ALWAYS a temptation to chase hot ideas, and I’m certainly not immune to speculation, but the GameStop (GME) craziness is too much. Plenty of folks have asked me about it, so I’ll just blather on about that […]
Real Money Portfolio – revisionHi Travis, I’m referring your Real Money Portfolio and the annual review summary (March 2020) for making a call to buy the stocks in the dip. With today’s market sell-off, the numbers for the ’Buy Below’ and ’Stop Loss’ needs to be updated. It would be great if you can revisit the annual review and […]
For those who like brevity, I just posted a spreadsheet version of the Annual Review, with a very brief comment on each stock along with a “buy below” price for all of the stocks I own and the “stop loss” price (some of which disagree with each other, since I use human decisionmaking on top […]
It’s been a wild ride for the past couple weeks of coronavirus panic, and this week has been especially crazy (and still isn’t quite over)… though it’s encouraging that my Real Money Portfolio has been a little bit stronger than the market so far this year — partly because of brilliant stock selection, I’d like […]
Earnings season is winding down, with only a few of my larger holdings yet to report, and so is my Annual Review of all of the stocks in my Real Money Portfolio — so I’ve got another installment of that for you today, sharing my updated opinion on a bunch of holdings (including a few […]
OK, I know, it’s getting a little ridiculous that I still haven’t covered the whole portfolio of stocks with my annual review updates — but for some I’m waiting to see what the quarterly update tells me, and for others, well, I’m just trying to catch up. Here’s what I’ve got for you by way […]
Here’s the scenario of a week ago: China is in the midst of an epidemic of possibly explosive proportions, with fear gripping much of the country (and the world) as a coronavirus spreads and seems to have a pretty high mortality rate, with conspiracy theories abounding and the fear of social unrest as whole cities […]
It’s time for part two of our Annual Review, this week I’m getting to a few of my largest holdings, including some that reported earnings recently and have had a big impact on the market. In the big picture, we’ve seen what impact a surprise event like the viral epidemic in China can cause… and […]
Today I’m starting my Annual Review, during which I take a (hopefully fresh-eyed) look at every stock in my Real Money Portfolio and update my opinion for you (and, frankly, for me, since it’s a good exercise). Some of these stocks pop up in my writing practically every week, but for others where there might […]
I haven’t yet gotten to a few of my largest holdings in our Annual Review, so that’s where I’ll begin today — with the insurance conglomerates Berkshire Hathaway (BRK-B), Markel (MKL), and Fairfax Financial (FFH.TO, FRFHF), as well as the somewhat related names Fairfax India (FIH-U.TO, FFXDF) and Boston Omaha (BOMN). I should be clear […]
I’m going to get to several updates on Real Money Portfolio stocks at the end, including those questions “What to do with Qualcomm (QCOM)?” … but first, I’m going to go through the stocks where I’ve completed my Annual Review this week. Each year I promise to re-analyze and reconsider my opinion about each stock […]
A few more company updates for you as we finish up the Annual Review… almost done now, though a couple stragglers remain. Medical Properties Trust (MPW) ~2% position, $9.87 cost basis, currently ~12$. I’ve held this volatile hospital REIT for more than four years now, through a couple ignored stop-loss triggers along the way when […]
Annual Review time! Earlier today I covered the changes that were actually made to the portfolio this week, and now I’m starting at the top of that portfolio with insurance stocks, and staying with that theme to also include a few insurance-related stocks that are smaller positions. Three of my top five equity positions are […]
All of you, dear Irregulars, know that Stock Gumshoe is not a “tip sheet,” and I don’t operate a portfolio for other people to emulate or copy, or even attempt to track the stocks we cover as if they were a portfolio of buys and sells with consistent trading advice… but I do keep a […]
Every year in January I set aside the monthly “share a favorite idea” pieces and do some reflecting on all the ideas we’ve shared in the past. This has been a good mental exercise and discipline as I’ve been forced to confront past mistakes and to check in at least once a year and reconsider […]
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That Annual Review summary is still up, and I still update it occasionally when my thinking changes. It’s on the bo...
Is the page where you put your notes and analysis of every holding and last 'buy below price' still around somewhere? I ...
Hi Travis. I’m always looking forward to your Friday File, and this annual review was very much appreciated. I was w...
Sorry, I got the Annual Review mixed up with the Real Money Portfolio (which I just now found out about). It was the An...
great value as always Travis.. that new table underneath is a charm (maybe 1 or 2 of those columns could integrate the...
Travis, will Boston-Omaha be in this Fridays annual review? Very interested in this stock....
Haven't done my annual review on that one yet, it will be coming in the next week or two (they should report on or aroun...
The annual review segments have been coming out every week for four weeks now, now, so in the list of Friday Files you c...
Hi Travis, I'm a new subscriber and thanks for the informative write-ups. I couldn't find the annual review part ONE. ca...
Yep, I’ll get to Berkshire in the annual review soon....
Yes, this annual review is extremely helpful. You give us excellent value, Travis. Thank you. Your analysis and clear ex...
thanks Travis for keeping us up to date with your Trade Notes and thoughts during these volatile times. Today I nibbled...
Fantastic! Ditto many others posted here. Well worth the Irregular Membership!!...
I did not see any commentary in the annual review regarding your position in gold. Not sure if I missed it...
No, the second installment of the annual review is coming... just a bit late....
Hi Travis. I appreciate your annual review and have a question. I also purchased a bit of SPCEWS, same reason to be a ...
Time maybe? With all the annual review that Travis is currently covering, you can accept that the summary is not there h...
$BLPH ow - Welcome Assaf Korner, new CFO! http://investors.bellerophon.com/phoenix.zhtml?c=253899&p=irol-SECText&TEXT=a...
$AUPH The Annual Review of the S&P/TSX SmallCap Index TORONTO, Sept. 8, 2017 /CNW/ - S&P Dow Jones Canadian ...
I can't necessarily give unbiased information on much of anything, I have biases the same as anyone else -- I particular...
Travis, i like Altius, but I haven't bought it yet. In the last two weeks, the stock is up 25% +/-, possibly due to thei...