March 2020 feels like a lifetime ago. It was the last time we were able to take such advantage of Mr Market‘s obvious depression – then sparked by uncertainty around Covid-19. At that month’s BN portfolio update webinar we bought aggressively into Sasol at R28 (now R309); Discovery in the R60s (now R144) and Cloudflare in the $20s (now $93).
The exponentially growing US companies that have served our portfolio so well have taken the brunt of Mr Market’s mood swing with their share prices falling sharply of late – and again last night (see above). It’s starting to remind me of March 2020. Mr Market is panicking about confusion around Omicron. Plus fresh concerns at rising interest rates.
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Warren Buffett’s peerless investment record has been supported by studiously ignoring the “big picture” which, he reckons, is impossible to predict. Buffett focuses instead on understanding companies whose stock he co-owns. Picking carefully, exercising patience and holding the shares “forever”.
As mentioned previously, at tomorrow’s portfolio webinar update I’ll be adding a second tranche to my own replication of the $10,000 BizNews Shyft portfolio. So, viewed in terms of this five year project, I’m delighted this tranche will buy more shares than last month. For rational investors, falling share prices can be very welcome.
More for you to read today:
- Stocks End Lower as Bond Yields Hit Two-Year High. Tech stocks slide, but Activision Blizzard shares rocket after Microsoft deal news
- Lindiwe Sisulu: Opposition leader? Douglas Gibson on the first horse out of the gate in this year’s ANC leadership contest
- Good Guy with a Chair. A brave rabbi stops a foreign terrorist.
* PS Please sign up soonest for tomorrow’s BizNews Share portfolio update at 6pm tomorrow, exclusive to Premium members. Register by clicking here for the online webinar.
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