About seven months ago, I wrote a blog post on an Apple protective-collar position I invested in. It was a defined-outcome type investment where I only took limited risk (less risk than holding long Apple shares). I called it my Apple bet. It was a 27-month long position. So … [Read more...] about Update on my Apple bet
My Investing Journey
Chronicles my investing actions - past and present
My unfinished business with Kinder Morgan
In a blog post last month, I wrote about my investments in real assets (see An opportunity to invest in real assets). Real assets are physical assets like real estate (homes, office buildings), infrastructure (bridges, pipelines), and commodities (oil, gold). These are tangible … [Read more...] about My unfinished business with Kinder Morgan
Investing in startups through SoftBank
I prefer investing in established well-run businesses that have defensible business models. Even though some of them are technology companies, I invest in them not because they are considered tech but because they have dug some level of economic moat around their businesses. You … [Read more...] about Investing in startups through SoftBank
My gun is reloaded
In his 2010 shareholder letter, Warren Buffett wrote that his elephant gun had been reloaded, and his trigger finger was itchy. He was referring to Berkshire’s dry powder cash that was intended for major acquisitions. Extending the same metaphor, today I could say that my BB gun … [Read more...] about My gun is reloaded
Revisiting my Blackstone investment
I have written several times in last two years about my investment in Blackstone (BX). Blackstone is the largest alternative investment asset manager in the world. I have been gradually building up my stake in it for two years. Its shares have mostly stayed flat since -- … [Read more...] about Revisiting my Blackstone investment