Librarian Capital's Monthly Ranked Top Buys - October 2024

Portfolio Strategy: Our "Select 15" portfolio has now gained 41.5% since the start of 2023. We replace another holding and resize others.

An election campaign quote from Warren Buffett:

“I ask Donald Trump, ‘Have you no sense of decency, sir?’ … The people that believed in him, that listened to his siren song, came away losing over 90 cents on the dollar. They got back less than a dime ... One time after another, he went to bankruptcy.” – Campaign event in Omaha, Nebraska (August 2, 2016)

Introduction

We continue our "Monthly Ranked Top Buys“ series, intended to present a model portfolio to showcase our most-preferred stocks and to quantify our view of each stock’s relative attractiveness. We call this portfolio “Select 15”, and it closely resembles how we manage capital in real life, including more than 80% of our personal assets.

“Select 15” gained 2.9% in September, taking our year-to-date total gain to 15.8% as of the end of September:

The portfolio has fallen back by 1.0% during October 1-19. As of October 19, our model portfolio has gained 41.5% since its inception. Beginning with a notional $1m at the start of 2023, it is now worth $1.42m after less than 2 years:

As before, our returns are good in absolute terms, but behind the MSCI World (our benchmark) in relative terms.

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