No change in the portfolio for this quarter.
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.