Disclaimer: Nothing here should be misconstrued as investing advice. I am NOT licensed to give any advice. These writings are intended as entertainment to put into context how a media entrepreneur and investor thinks, given my unique time horizon and risk profile. Educate yourself, read up on mistakes others have made and speak to a licensed professional who can help you based on your investment profile and time horizon.
From media executive, to media entrepreneur, to media investor.
Warren Buffett taught me that investors should:
a) invest in companies they understand.
b) back management that is not just competent but shows candor.
c) avoid the institutional imperative (i.e. herd mentality).
d) ultimately have a long term outlook: buy the stock, forget about it.
Would’ve, could’ve, should’ve.
Recently, I posted my Anti Stock Portfolio and focused on five foundational companies I love but couldn’t afford to invest in: Google, Apple, Amazon, Facebook, Tesla.
Here is my current portfolio (in no way is this my ideal, long-term targeted portfolio, which I will be assembling as I learn the in’s and out’s of long-term investing).
Notes:
A) I still haven’t bought all of the stocks in the Anti Stock Portfolio but did go ahead and finally buy Amazon and Facebook (and will likely add Google, Apple, etc).
B) I don’t check my passive investments, but for sake of this exercise, in terms of related stocks and the usual suspects you would expect me to have, I had Apple, Google, Amazon and Disney through my financial managers indirectly.
C) When the pandemic hit, I told everyone to “buy Zoom,” though I personally did not. It was clear that Zoom (and Peloton, et al.) would get pushed by momentum traders to crazy heights, but:
1) I was focused on ensuring the physical, mental and financial well-being of my family, team and the business;
2) I was sizing up the mid/long term impact of the pandemic on the economy while keeping my team focused on the positives, and
3) I’m not really driven by money; I had decided to focus on companies that I would really understand (to the point of being able to run them!) and really long-term bets I could “buy and forget.” Remember: markets ultimately transfer wealth from the impatient to the patient.
I’ll follow-up with some posts on why I like these companies in the days to come.
Disclaimer: Nothing here should be misconstrued as investing advice. I am NOT licensed to give any advice. These writings are intended as entertainment to put into context how a media entrepreneur and investor thinks, given my unique time horizon and risk profile. Educate yourself, read up on mistakes others have made and speak to a licensed professional who can help you based on your investment profile and time horizon.
November 25, 2020 at 9:45 am
One trend I’ve noticed on this portfolio, all platforms, none of them are pure content creators. Yes, Amazon creates content, Snap as well but they do it more as a showcase more than the core business. Although some of the companies touch the ecosystem I’m surprised at the lack of dedicated podcast companies on the roster.
November 26, 2020 at 11:36 am
My bad, Chicken Soup for the Soul is content and others like Gannett ande Viacom are big players in the world of content. This said, lots of aggregators/platforms in general.
December 7, 2020 at 4:24 pm
Yep:
https://contextisking.com/2020/12/06/the-origins-and-paradox-of-content-is-king/