June roundup

What I bought, sold, wrote, and read this month

About this blog: I have been investing for 25 years, professionally and personally. I look for stocks that have a high probability of compounding at 15% for at least 5 years with limited downside. I write these stocks up on my blog. You can find more about me, my philosophy, my mental models, and my portfolio structure on my site.

This email is a summary of my activity this month.

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June was quieter than May! I advise startups as a sideline, and was busy with that this month. Highlight for me was my review of Helios Fairfax, which I loved researching.

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Trades

• I struggle to admit this, but I bought a tiny tracker in SpaceX. I can’t stand the valuation, but it is a number of companies pursuing transformational technologies that I think it is important to track and understand.

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Articles I wrote

• Helios Fairfax Partners review: African growth companies at a 50% discount with a free option on top.

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What I found interesting this month

• Value & Momentum Portfolio on Microsoft’s valuation.

• Price to Tangible Bruce on Hikari Tsushin.

• Eagle Point Capital on insurance brokers.

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Thanks for reading - and please get in touch if you have questions.

Pete

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