This post is a trip down the memory lane. Ten years ago (December 29, 2011, to be specific), I had a smaller investment portfolio that also looked much different. It sported more cash. It had more stock mutual funds than individual stocks. I still had some employer-granted stock … [Read more...] about My portfolio ten years ago
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This blog post is about my top-ten stock positions—today and since the Covid recession. The pandemic induced economic recession lasted only two months in the USA—from February through April 2020. The resulting bear market in stocks lasted about a month (peak to trough) and then … [Read more...] about My top-10 holdings today
I own shares in two companies whose CEOs have been at the helm for over twenty years. These two businesses are not in the same industry. They don’t have much in common—one is in the video game business, and the other is in investment banking. As you can imagine, their business … [Read more...] about Two companies, two great share buybacks
BDCs, like REITs, are income producing investments. Investors don’t expect a lot of share price growth and only modest (if that) dividend growth. They make up for this lack of growth by generating high current yield. For instance, many BDCs today yield between 7% and 9%. In my … [Read more...] about Oaktree’s specialty lending platform
I have been singing the praises of Blackstone on these pages since 2018. I first wrote about the company in February 2018. Back then it was still a Limited Partnership (LP), and its shares were trading around $30. Then, about a year later, I wrote another post on it. Blackstone … [Read more...] about Blackstone credit platform
I didn’t! If you have been following the financial media, you must have seen recent headlines like this one: “If you’d bought stocks in March 2020, you would have doubled your money by now”. This one was from Yahoo! Money. There were similar mentions in CNBC, Financial Times, and … [Read more...] about Did you double your money since the recession?
SoftBank is an enigma for me. On one hand, it has all the traits of an excellent owner-founder run business—the kind that I love to invest in. On the other hand, some of its management’s recent moves have spectacularly failed, making me think twice before investing again. As I … [Read more...] about SoftBank – a second look
I have now deployed all the cash I raised from selling my Brookfield Property Partner shares (BPY or BPYU). What did I buy? See this table. In my previous blog post, I showed a short list of prospective buys I was considering. See here. Out of that list, I chose not to add … [Read more...] about What I bought to replace Brookfield Property?
My investing in commercial real-estate is mostly via publicly traded REITs (Real Estate Investment Trusts). Over the years, I have added several REIT positions in my portfolio. See this table for my REIT holdings. From time to time, I’ve also researched certain non-traded … [Read more...] about Parting ways with Brookfield Property Partners
In a March 2020 blog post when we were in the midst of the stock market crash, I highlighted four businesses where insiders had bought stocks. The table from that post is reproduced below. These insider purchases were made with their own monies in open market. In other … [Read more...] about Insiders who bought stocks in March 2020