💼 THP 09/24: From -22.9% to +123.0%
Q3 Review. In Microcaps, One Winning Position Can Change Everything
My dear fellow Hermits 👋
Welcome back to 🧙♂️ The Hermit 🧙♂️
ICYMI:
💼 The Hermit Portfolio: August (previous) Update
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We're excited to bring even more value to our 🧙♂️ Hermit Premium members! From now on, our Portfolio Updates will feature a new segment highlighting the top three posts of the month:
The Fav: The month's standout post, loved by our readers
The Relic: A timeless gem that may surprise you or even lift your spirits
The Gaijin: A bold, unconventional piece that breaks the mold of our usual content. (Fun fact: “Gaijin” means “foreigner” in Japanese.)
The Fav
The Relic
The Gaijin
Introduction
As always, we'll start by providing a comprehensive review of the full portfolio, including detailed updates on any position changes and commentary on its progress.
In this fourth installment, we’re taking a deep dive into The Hermit Portfolio with a fresh perspective - analyzing it as if it were a single company. This unique approach allows us to dissect the strengths and weaknesses, giving you a clear picture of how each position performed within the bigger picture.
This is our Director’s Cut - a recurring quarterly extended edition. Alongside our deep portfolio analysis, we’ll revisit the entire quarter, covering everything from dividend management and position sizing to order setting and macro insights. Plus, we’ll highlight a few key takeaways and observations from Q3 that you won’t want to miss.
Please note that this portfolio faithfully reflects the author’s personal seven-figure investment portfolio.
This publication is confidential and is intended solely for the use of the person or entity to whom it is given or sent and may not be reproduced, distributed, or transmitted without the prior written consent of the author. By accepting to receive the full post as a Hermit Premium member, the recipient agrees to be bound by the foregoing limitations.
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.
