This is the third portfolio update of 2023. The last of my portfolio companies, CRWD, reported results this week. I’ve made significant changes to the portfolio (which I will explain below). Again, I’ve switched to writing portfolio updates every three months or so (timed after my portfolio companies have reported their latest results). For more…
This is the second portfolio update of 2023. The last of my portfolio companies, CRWD, reported results this past week. PRIOR PORTFOLIO UPDATES 2023-03-03 Portfolio Update 2022-12-31 Portfolio Update 2021-12-31 Portfolio Update All Portfolio Updates PORTFOLIO PERFORMANCE This year is turning out to be an interesting year with a handful of companies showing tremendous strength,…
This is the first portfolio update of 2023. At the end of January, none of my portfolio companies had reported their results yet. I typically like to wait until all or most of my companies have reported before putting in the effort to write a lengthy update. I was also on vacation during the last…
Recently, we’ve had some years for the record books. In 2020, stocks surged with many investors posting returns far above what they ever could have dreamed. In contrast, 2022 was a year in which some investors had the worst year they’ve ever had. In particular, growth investors felt the euphoria of 2020 and the despair…
All of the portfolio companies have now reported their latest quarterly results. The companies are discussed further below. PRIOR PORTFOLIO UPDATES 2022-09-30 Portfolio Update 2022-09-02 Portfolio Update 2022-07-01 Portfolio Update 2022-05-31 Portfolio Uodate 2022-03-18 Portfolio Update 2022-01-31 Portfolio Update 2021-12-31 Portfolio Update All Portfolio Updates PORTFOLIO PERFORMANCE It’s now been more than one year since…
There haven’t been any portfolio company earnings releases since the last portfolio update so this update will be short. PRIOR PORTFOLIO UPDATES 2022-09-02 Portfolio Update 2022-07-01 Portfolio Update 2022-05-31 Portfolio Uodate 2022-03-18 Portfolio Update 2022-01-31 Portfolio Update 2021-12-31 Portfolio Update All Portfolio Updates PORTFOLIO PERFORMANCE In September, the portfolio gained some ground against the S&P…
Another earnings seasons is in the books so it’s time to review the recent results and reassess the positions in the portfolio. As I’ve alluded to since January, I’ve thought about and come to some conclusions about my own investing goals. I recently wrote a blog post about investing goals/objectives considerations. After some consideration, I’ve…
Since their peaks in Oct/Nov 2021, high growth stock prices have been hammered much more than the major indices. It’s typical for growth to outperform in bull markets and underperform during bear markets. As I’ve said many times, with a concentrated, high growth portfolio, one should expect at least a 50% drop at some point. It really…
We continue to be in the midst of one of the most challenging periods for investors, particularly for growth investors. It’s not just growth stocks that are down. One of last week’s headlines stated that the first half of 2022 is the worst start to stocks (S&P 500) in the past 50 years. Crypto currencies,…
We are in the midst of another earnings cycle. We got our first clues after the three cloud titans (AMZN, MSFT, and GOOG) reported their results at the end of April. MicroSoft’s Azure grew 49%, Google’s GCP grew 44%, and AWS grew 37%. AWS and GCP decelerated slightly while Azure accelerated a little, but these…