Yesterday, after Facebook released their results, it seems like everybody thought this is the end of the world to have 42% revenue gain and somehow muted guidance.
But I felt like I was given second chance. I missed badly on recognizing Facebook a few years back, and after recognizing the mistake, I was not aggressive enough during the Cambridge Analytica storm. I only brought FB to ~10% of my portfolio, even though I estimated the intrinsic value to be twice of the market price.
My estimate is not change much based on latest results, so I welcomed the sell-off, backed up the truck and loaded to a full-position, with $171 average price now.
With that, I now have five core positions of roughly equal size: Baush Health (formerly Valeant), Berkshire, Facebook, General Motors and Alphabet. I like all of them and I'm considering getting rid of smaller, no-growth, holdings like Vereit, Walmart and Kraft Heinz to focus on these.
But I felt like I was given second chance. I missed badly on recognizing Facebook a few years back, and after recognizing the mistake, I was not aggressive enough during the Cambridge Analytica storm. I only brought FB to ~10% of my portfolio, even though I estimated the intrinsic value to be twice of the market price.
My estimate is not change much based on latest results, so I welcomed the sell-off, backed up the truck and loaded to a full-position, with $171 average price now.
With that, I now have five core positions of roughly equal size: Baush Health (formerly Valeant), Berkshire, Facebook, General Motors and Alphabet. I like all of them and I'm considering getting rid of smaller, no-growth, holdings like Vereit, Walmart and Kraft Heinz to focus on these.
No comments:
Post a Comment