I’m back to being fully invested. It wasn’t a dramatic moment, more a gradual shift over the past weeks, but it’s worth reflecting on because these decisions say a lot about how I think about risk and opportunity.
Along the way, I added to two existing positions, bought into a new name that’s been on a tear, and I’m still chewing on another idea that I can’t quite pin down yet – I’ll cover this in a separate post, though.
That mix of conviction, opportunism, and hesitation is the essence of portfolio management. You’re never operating with full clarity – you’re balancing probabilities, weighing tradeoffs, and trying to put capital where it can compound most effectively.
In this post, I want to walk you through three specific ideas and the thinking behind them. Each one has a slightly different flavor.
This is where it gets interesting.
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