13 Comments
Nov 6, 2021Liked by Miserly Investor

We all get it wrong at times and will continue to get it wrong in the future, keeping those to a minimum is key.

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Nov 7, 2021Liked by Miserly Investor

Thank you for writing this. Very helpful.

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What a brilliant article. I am in similar situation in one or 2 positions. Really need find those economic moats. Or stocks which can endure economic cycles.

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author

Thank you very much Joe. Good luck with finding the true moats - it's not always easy...

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Nov 6, 2021Liked by Miserly Investor

true. it's funny I bought Berkshire b, as my first (single stock) in 2010, and still hold and now about 7% of the portfolio. I felt always more secure to hold that, and my endeavor in oil companies cost me asan example :(. A really timely piece, cheers.

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Wonderful prose, Miserly - a really enjoyable read. Commiserations on your loss.

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author

Thank you very much Mark, I hope you are well. I can't complain too much, as aside from this it's been a good year overall for the portfolio. Hope yours is going well too!

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Nov 6, 2021Liked by Miserly Investor

Yes, it's been a good year for me too. This last week has been especially cheering after a miserable September & October. Through bitter experience, I avoid gaming stocks, especially smallcap ones, so managed to dodge this particular bullet. Still manage to get hit by plenty of others, though.

I will wait for completion of this year before posting my scores on the doors, winners and losers.

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Nicely written Mr Miserly , thanks for sharing the downside as well as the upside. I'm quite sure you will recoup that 3.5% in the months to come , given your skils and GAW of course.

Cheers

Donut 🙂👍

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author

Thanks Donut! In fact, BOTB aside it hasn't been a bad year at all. I see on Twitter you are having an excellent year - very well done. 👏

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Nov 6, 2021Liked by Miserly Investor

Any success I'm having is for the most part (99%) , down to the discovery of fintwit back in 17/18 . Ideas , commentary and insights into running a pf etc.

One of the best of those insights came from your good self in '2018 , which I can boil down to don't panic and sell during major turmoil. Fast fwd to Mar 2020 and that tip/insight gave me a +16% at end of last year, a year in which I'd have been happy to finish flat at the time.

Interesting you chose BOTB to write about as about 2 weeks ago I think the penny finally dropped in my brain as to what operational gearing is! , I am just a builder bloke after all.😁

Anyway , keep em coming , most enjoyable.

Cheers

Donut 🙂👍

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Great blog!!I have also been on the same sad BOTB journey so feel the pain, I managed to sell out end of July but still a thumping loss! The shares look cheap now but I’m not tempted

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author

Thank you Nigel. It was indeed a painful journey!

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