Boardroom Talk: There was number-crunching aplenty ahead of yesterday’s Big Portfolio Restructure
Had my head down these past few days preparing for yesterday's portfolio update webinar. That required brushing up on investment basics, unpacking the recent insights we received from SA's best money managers, running fresh intrinsic values and, generally, crunching lots of numbers ahead of the portfolio's restructure – its first in almost eight years.
Warren Buffett's advice about the average holding period of a stock ("forever") still prevails, but so does his rider that when fundamentals change, so should your approach to co-ownership of companies. And that there has been. Hence yesterday's significant actions of selling some old favourites; and switching into some (hopefully) new ones.
If you missed yesterday's live webinar, not to worry. There is a recording embedded into the Premium section on BizNews. It's a subscriber-only event, so webinar recordings are not openly available on the BizNews TV channel on YouTube. So to access, you'll need to use your membership credentials to log into the Premium section on BizNews.com.
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