Portfolio Check-In
Hey all, back again after another significant break. I just keep being so busy, and then I look up, and I haven’t posted on here in two months. But to update my loyal Pax Romana Capital devotees, I basically haven’t paid much attention to my portfolio since like September, which isn’t great.
It’s funny, I remember being warned by a certain Albanian (Big Principa) that I would not be able to really keep up with my portfolio once I got into the swing of things, and he was right. I remember internally scoffing because I have literally actively managed, like checked every day on this portfolio since the seventh grade, on January 1st 2020 when it was opened, but I wanted to check in, espescially because I will be executing some trades tomorrow for the first time since August 23rd, when I bought Amazon stock. If we use September 1st as the day when I turned my Sauron-like gaze to events here at Duke, things have taken an odd turn in my portfolio, and I’ve certainly changed.
Historically, I have pursued a “buy really good companies and let them compound strategy,” which was, really, sort of lazy because it did not require me to push myself, just pick the companies everyone knows are really good. More so, the former strategy did not maximize my capacity for aggressiveness, which, while not the goal unto itself, is the optimal route for the most gains, provided I have more ball knowledge, which I think I have attained over the past few months and will continue to attain. Basically, I just think I have really matured in terms of my investing philosophy, which is much more inflection based now and will be focused on smaller companies as opposed to larger companies where it will be so much harder to find a variant view.
To that end, I will be posting a much longer write up on Instacart stock, which I recently took a sizable position in, replacing NOW and EFX, which both were disappointing. RACE still remains, as does COST, MSFT, and a few other boring ones, but as time allows, I will be revising my portfolio to fit this new strategy, replacing these huge and alpha-lacking companies with some smaller, more aggressive ones. These smaller companies are mostly where I spend my time researching anyway, so I may as well stretch my creative muscles along with my independent research.
Tough timing on CART stock though lol.
