💼 The Hermit Portfolio 06/24: Origins

Detailed explanation of The Hermit Portfolio positions and construction

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Welcome back to 🧙‍♂️ The Hermit 🧙‍♂️

ICYMI:

📈 Investment Thesis: Cardlytics

🧗 Our Investing Journey: 3 Investing Books

📝 Company Updates: Cardlytics Dilution

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Introduction

This first post is focused on introducing the processes underpinned in this series. It will discuss the base principle highlighting business selection, capital allocation, and position turnover of The Hermit Portfolio. This is a proxy that replicates the exact data from the seven-figure portfolio of the author.

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None of the following should be construed as investment advice. Please consult a financial advisor before making any investment decision. You will find a full disclaimer at the end of this post.

Brief Portfolio Commentary

The portfolio is heavily skewed toward the longest-held positions. Here is a brief commentary about sizing and purchase timing for the 3 oldest positions.