#126 - Portfolio Update Nov2024

TL;DR

More stones turned this month; good.

Performance update

Holdings

Highlights

Top contributors:

• $XMTR: flying. Close to being richly valued now.
• $WISE: well deserved. Good stream of news (partnerships).
• $FFH.TO: nothing to say. Still fairly valued.

Top detractors:

• $DRM.TO: 🤮
• $GUD.TO: 😒
• $DRX.TO: 😞

Changes

• New:
  • $CTS.TO: seems really cheap to me right now; buybacks in place; Sean is out.
  • $CRON.TO: also looks very cheap.
  • $MBB.DU: cheap, buybacks, solid holding co (German).
• Added:
  • N/A
• Trimmed:
  • N/A
• Exited:
  • N/A

Learnings

I can’t time the market. Purchased tiny put option (1-month expiration) on $SPY. Quickly vanished to $0 value.

Outlook

Still feel that the animal spirits are up. $MSTR, crypto scams, banana art…we’re back to 2021.

Watchlist

None.