Reg. "the strategy of a relatively large diversification has been hurting. We will probably do better with 15 positions which we know well than with 25% we know so/so."
There is truth to that statement.
But also an issue, since I believe we mostly conclude that we did not know a position well enough when we realize a loss. Had the same position resulted in a ein, we would mostly not conclude that we did not know it well enough, and would have no issue with it at all!
Reg. "the strategy of a relatively large diversification has been hurting. We will probably do better with 15 positions which we know well than with 25% we know so/so."
There is truth to that statement.
But also an issue, since I believe we mostly conclude that we did not know a position well enough when we realize a loss. Had the same position resulted in a ein, we would mostly not conclude that we did not know it well enough, and would have no issue with it at all!
All the best for 2026!
Always appreciate your honesty and frankness with your reviews Carsten, best of luck for the New Year!
Great review and all the best for 2026!