A permanent record of capital stewardship.
Periodic reviews of capital allocation, portfolio construction, performance, mistakes and changes in judgement over time. These are records of what was owned, what changed, what worked, what disappointed, and what should be carried forward.
2026 – Half Year Review
Read the review →: 2026 – Half Year ReviewThe first half of 2026 was less about discovering new investment opportunities and more about developing my approach to the stewardship of capital. I exited several long-term positions as my conviction deteriorated, reallocated capital towards higher-quality compounders and…
2026 – Half Year Review
The first half of 2026 was less about discovering new investment opportunities and more about developing my approach to the stewardship of capital. I…
2025 Annual Review – A Portfolio Re-Architecture
Scores on the doors…drumroll please…the portfolio this year has return to form with a very pleasing 25.6% return and a 3.9% dividend yield. This…
Fewer, Better, Bolder — Q3 2025 Portfolio Review
A new learning from an old lesson. A 0.5% position can treble in value and your bottom line will barely move. If the same…
2025 – Half Year Review
What a six months it’s been! I can hardly believe we’re already in July after what seems like a non-stop whirlwind of events –…
Reflections on 2024: A Year of Fortitude, Lessons, and the Steadfast Pursuit of Excellence
As the sun sets on 2024, my approach to investing has again been characterised by resilience and stewardship. My efforts to diversify my portfolio…
2024 – Half Year Review
When I first started writing this blog back in 2015, I was only a few years into my investing journey, and was just starting…
2023 – Annual Review
Having started investing over ten years ago, I can now say with reasonable confidence that success takes hard work. Grande Sorpresa. After losing 11%…
2023 – Half Year Review
Let’s start with the nasty bit – year to date, my portfolio is down 7%. Yes, that’s right, after losing 11% in 2022, my…
Quarterly Portfolio Review Process
During the course of publishing this blog, I have previously written two articles about my portfolio review process, the first providing a general insight…
2022 – Annual Review
Another year draws to a close and 2023 begins. After an incredibly successful 2021, I ended this year with my portfolio down 11% –…
2022 – Half Year Review Part 2
After publishing my 2022 Half Year Review, I was contacted by a reader asking whether I could provide further insight into my trade decisions.…
2022 – Half Year Review
Six months into 2022 and like most private investors I’m finding the markets increasingly challenging to handle. After 2021’s fantastic returns of 24% my…
2021 – Annual Review
This blog is probably a surprise to any readers who read my site regularly as I haven’t made a post in over six months…
2020 – Annual Review
Well. What a year. 2020 is going to be long remembered by many investors (myself included) for being their first ‘real’ bear market. According…
The Bi-Annual Portfolio Review
In today’s article, I’m going to cover my bi-annual portfolio review process, undertaken around July and December. It’s a follow on from an article…
Reviewing your Investments
I have to confess to being a bit of a strategy nerd. For as long as I can remember, the idea of having a…
Investment strategy review
I recently read an article from a fellow blogger regarding their portfolio where they looked at their actual behaviour vs their published strategy. In…