In the short history of this site, CG has offered up four picks. One each headquartered in the US (GM), Canada (Fairfax Financial), the UK (3i Group) and Japan (Nikko Cordial). That wasn't planned. It's just the way things worked out. They could have easily all been American companies or Japanese companies or whatever.
Before heading off and relaxing during the long Memorial Day weekend here in the US, now is a good time to quickly review a few points essential for anyone following this site.
First, the CG portfolio, once it's fully established, will have somewhere around 20-25 positions. So the first four companies discussed here are just the beginning.
Second, this site discusses investing in stocks, not trading them. The average holding period for stocks discussed here runs years -- not hours, days or weeks.
Third, no one can pick the bottom. Be prepared for any stock discussed here to go down before heading up.
Fourth, I will get some stock picks WRONG. Every investor worth his or her salt does. Sir John Templeton, one of the best ever, said successful investors get 6 out of 10 picks right. Remember that.
Fifth, I eat my own cooking by owning EVERY stock discussed on this site. If you follow my thinking and I make money on a stock selection, you do, too. If you lose money on one of the stocks discussed here, you at least have the satisfaction of knowing I feel your pain.
Well, that's it for now. If you're reading this in the US, here's wishing you a great Memorial Day weekend. Let's spare a thought for those who sacrificed to make this country the beacon for freedom and capitalism that it is.
Stay well and, for readers everywhere, the hunt for value continues into the summer.
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