BJCHF - 3 Stocks For The Next Decade
There are two main premises to my investing style: value and asymmetric risk and reward.
When it comes to value, I like to find stocks that have a minimal chance of permanent capital loss and that are volatile. This allows me to gain an additional return by balancing my portfolio position around intrinsic value. Seth Klarman would say:
Volatility is the friend of the unleveraged long-term investor.
As for asymmetric risk and reward situations, we live in an uncertain world that is impossible to predict. Therefore, we should focus on investments where the downside is