This week is a shortened one for the market due to the Christmas and Boxing Day public holidays on the 25th & 26th. I will keep the update similarly short. The details are below and I hope you find some time to spend with the important people in your life over the next few days […]
We eliminated another two holdings this week as I seek to get our number of holdings down to a more appropriate level. We hold shares in 26 businesses after these eliminations; I still view that as too many for a properly focused fund running a small pool of capital. I will continue to focus on ensuring the largest proportion of our capital is focused primarily on the greatest risk/reward opportunities.