Interest rates in Norway has begun to rise again. It was hiked 1/4 % a few weeks ago, and the prediction is that it will rise another 1 % during the coming year. Housing prices are through the roof, and two regular salaries won’t qualify for a house mortgage for a house you really want.… Continue reading Inflation and the stock market
The last few months I have been contemplating a change in my investment strategy. I realize I have too many trades with too little money each transaction. In addition I will add some more criteria for the valuation process. In order to force my self to adhere to this, I will use more checklists. This… Continue reading Q3 2021 results and optimization of strategy
Before reading this article, have a look at my Disclaimer First of all — the whole premise of value investing rests on the notion that price and value are two different things. As Buffet said: price is what you pay, value is what you get. According to modern portfolio theory, price and value are always… Continue reading DANSKE, a valuation attempt.
W.B once said:»There are just two rules in investing. 1. Do not lose money. 2. Do not forget rule 1.” At first sight this might seem a little stupid, but it is actually quite clever. Buffet has later explained to everyone who wants to listen, that you main focus should be finding stocks that has… Continue reading Warren Buffet and his «Rule 1 — do not loose money»
Ideally I try to hold stock for the long term, believing that it takes time to realize the full value of companies I invest in. And mostly I adhere to this on my main investments. But I also have some smaller positions in some companies where I have tried a more opputunistic approach. One of… Continue reading Portfolio changes and some news
Summer vacation is over, and I’m heading back to work. For a change, the weather here in Norway was quite nice this year. Looking for bargains in this inflated enviroment is not easy. It seems like everyone and their mother is pushing money in to the market. However, I did manage to find a couple… Continue reading Summer vacation is over – back to work
Another quarter is over, and finally som nice weather here in Norway. The total value of the portfolio 30.06 was 1 881 130 NOK. Thats an increase of 3,27% since end of Q1. About half of this is due to a dividend from my privately held company. My unlisted stocks hasn’t had any significant increase… Continue reading Q2 2021
My last addition to the portfolio is an American company named Innoviva. Innoviva, Inc. is a company with a portfolio of royalties that include respiratory assets partnered with Glaxo Group Limited (“GSK”). INVA owns patents for medications to treat ilnesses such as: Kols and asthma. The medication is produced and sold by GSK, and INVA… Continue reading New share, Innoviva Inc
Recently I bought a small position in BioDelivery Sciences International. BDSI is a rapidly growing specialty pharmaceutical company working to deliver innovative therapies for individuals living with serious and debilitating chronic conditions. Their products are supposed to create lower opioid dependencies than competing products. This industry definitely meets my criteria of being unpopular. In the… Continue reading Portfolio changes
“If a man neglects education, he walks lame to the end of his life.” – Plato This is an effort to try to concentrate some of the investment rules by big investors like Mohnish Pabrai, Buffet, Munger, etc., and how they think when they are looking for new investments. Much of this would apply to… Continue reading How does well known value investors think about investing?