Almost 8 years have passed since my last post here. A lot has happened in my personal life - we built a house, have two kids and recently moved to Zurich, after my company’s office in Krakow was closed. It was an exciting and busy time.

It is interesting to revisit my thoughts from such a long time ago. Not so much have changed in my thinking since then, but certainly time has corrected some of my predictions, such as that Nord Stream will never be operational or that we are close to the bottom of the stock market in January 2008 and then again on 13th of October 2008.

I am still interested in investing, perhaps even more so than before. I have had mixed results in the meantime, with some significant realized losses on WIG20 during the financial crisis, but also very nice gains on Google’s equity that I hold for the long term, with first small sales only in November 2014. And I am still holding most of my Google stock grants.

I have a bit of exposure to Polish stock market, but I mostly moved my investments to US, starting with Berkshire Hathaway (BRK.B) purchases in February 2014. Since then, I have been increasing this position, and also started diversifying into other stocks.

As one of my main motivations for writing this blog is to be able to reflect back on my thinking from the past, I will try to regularly post a list of stocks I own, with a short investment thesis and estimate of fair value.