Shameless Cloner Portfolio & Returns Update (May 2023)

[@InvestingwithTom]

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[@ljragsandfeathers]

This was great. I’m wondering if setting limit buys to try to approximate a closer price point to the buyers would be better? It seems to me that Ali Baba, Chevron, and some of the others are so volatile that the price at mid-point in the 3 month term in question might be a little wide of margin? Especially with the 30% rule on top of that. What do you think? I’m also wondering about your thoughts on using the coffee can portfolio approach over a constantly rebalanced version. In may be more in keeping with the spirit of our value investors?

[@InvestingwithTom]

How do you think the portfolio is shaping up?

[@criminalcase996]

The portfolio is shaping up well and this experiment is also highlighting various problems that one might come across while cloning... Let's see how it turns out after a longer time period like 5 years... Cheers ;)

[@InvestingwithTom]

The series is doing its job then, and absolutely lets see! Thanks for watching :)

[@xzx3]

I am finding this interesting now previously I didn't pay so much attention to the shameless portfolio. Btw I always watch your videos pretty soon after you post. EWBC is an interesting one to follow. Being a cautious one I have stuck to the Aussie banks as they are highly regulated. They have served my portfolio well so far. Also glad you have left BABA in it.

[@magalengo]

Tom, the most glaring investment not being held is “Apple”.

[@InvestingwithTom]

@@magalengo it’s about 20% of the Berkshire holding to be fair 😅

[@manusharmaaugust]

Hi Tom... of course doubt befalls only when the portfolio is lagging. ... but don't you think that 30% above the quarter's mid-point is approaching "too lax"?... since once the quality/superinvestor interest/intrinsic value etc. are confirmed, buying price is the best indicator of short term (and long) performance. Maybe fewer swings will be taken with tighter price requirement (e.g. If stock falls close to or lower than superinvestor buy price). Anyway, good fun to watch/listen to your clear thought process in investing.

[@InvestingwithTom]

Quite possibly, yes - but at the same time I'm not sure we have many examples at all of getting close to that threshold. In many cases we've bought lower. From memory CVX got close, but that is one of the best performers so far

[@jeremynewell9903]

I saw EWBC on dataroma last week and spent all weekend making sure that it's a not-to-shameless clone. I think it's a better buy than COF which came up a lot in other 13Fs. I started a small position this morning thinking that it is an easy double.

[@akshatgarg5994]

Yea! I think it's lilu's new position. And ROE is 20% which is very good for a bank. Currently selling at a cheap-reasonable valuation in accordance with its revenue and cash flow growth. Altogether, it has a potential to give good returns in next few year through its high dividend yield, pe expansion and eps growth.

[@InvestingwithTom]

Will have to take a proper look :)

[@drewlamb1378]

As soon as I saw it had business in China I bought… Li Lu knows too much about banking and China to ignore this one

[@MonsieurDee]

Is EWBC justify a position? Seems very insignificant for Himalaya. Good content brother

[@sheming106]

Hi tom, thanks for the great content! Really appreciate it. Could you give us an update on the earnings from BABA?

[@nicksren]

I think we should consider Berkshire Hathaway and Daily Journal positions that should be prioritized below single stock ideas. As not just holding companies, but holding companies used as vehicles for entire portfolios, they are somewhat like mini indices that track the super investors with a bias towards their past decisions... So it would be more interesting I think to push this towards single business decisions that the super investors are making in real time, I.e. Oxy, East West Bancorp, etc. Are real time investments that required genuine conviction, whereas BKH and DJCO are likely thought of as better than okay places to park cash while waiting for other ideas. Does anyone share this sentiment?

[@ImACloner]

I would add punchcard style investing only adding 1-2 stocks per year. I think that could be an edge, only focusing on the top 5 - 7 investors and try to extract the very best of their selections. Is it possible to outperform the investors you are cloning? What I'm trying.

[@Zealand007]

Instead following 1 or 2 superinvestors, its better to follow by the “ ownership count”. starting from 30 owners to 10 or 7

[@robinversluis1211]

Hello Tom, when can we expect a $BABA earnings video? The last ones were absolutely class!

[@InvestingwithTom]

Currently being edited - it's a long one!

[@Caiogasp]

Alibaba is definitely a HUGE disappointment in the value investing community and probably responsible for a lot of the negative returns out there. What a mistake!

[@MuhammadAhsan-nn3dx]

thanks for the amazing video!!!

[@InvestingwithTom]

Thanks for watching :)

[@bluegtturbo]

As a statistician I can say you've probably already got enough data to show that you're probably not going to beat the S&P500

[@InvestingwithTom]

We shall see! Actually been surprised how closely it’s tracked the index. I thought it would’ve had relatively little correlation

[@magalengo]

A 4-5 year period will tell the truth.

[@alemadd]

1.5 years is enough data? Maybe for your (self)confidence interval only

[@Zealand007]

I am from christchurch

[@cookiejar01]

Might be just me, but the new pie chart report on Sharesight doesn't make any sense. Why not order the positions by size as it used to be?! Looks like a bug to me 🪲

[@InvestingwithTom]

Agreed - I messaged them about it

[@cookiejar01]

@@InvestingwithTom Thank you, Tom!

[@InvestingwithTom]

@@cookiejar01 they just got back to me and said they're working on fixing it :)