Quarterly Update (Q1’2019)

No change in the portfolio for this quarter.

chart (3)

I looked at a few things over the last 3 months but none of them excited me. For example: Record Plc, Eurofins Scientific & Be Think Solve Execute. I finally decided not to take any of the positions because I did not feel like I understand them enough.

I continue listening to Berkshire Hathaway Shareholder meeting recordings which are now available on Youtube. I started with 1995 and am now listening to 2002. They are 4-5 hours long and I enjoy them immensely.

I feel that the portfolio has a significant runaway still, even after a huge 18% run up year to date. I especially feel that Google, Facebook & Apple are still undervalued.

I do not feel that strongly about Distribution Now. But, I do not have any use for the cash. This will be the first position to go if I find a good new position to add.

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