I agree with Mess’s comments. in Ben’s March Portfolio Update thread. Much of the power of Saul’s Investing Discussion comes from our opportunity to examine, understand and perhaps adopt the analytical processes flowing out of the detail contained in the monthly reports. The pain of losses is eased with the knowledge gained through examining the process being used by others here to effectively manage portfolios through market retractions.
I began the Saul process in mid 24, and began documenting holdings and performance in the community format in 25. My heavy use of a spreadsheet database update monthly has been rejected when posted, so I will not be posting this data unless requested. Also I must admit a few holdings fall outside the perimeter of Saul’s structured knowledge base.
I cut and paste directly out of my Schwab account into Excel and combine the weight of option positions for this report.
Just to provide some understanding, with no intention to influence any member’s process, 95% of my entries are based on my database’s combined value weighting of a number of metrics with a focus on revenue growth. My exits however will perhaps draw some screams here. I believe history repeats, and great stocks run in channels driven primarily by their metrics, but also heavily by external market influences. With this belief, I exit or partially exit (and rarely enter) many/most tickers when their price moves irrationally above the historical channel their growth metrics and the market parameters have defined.
The next update will focus on portfolio moves, and not on personal issues.
Thank you, Saul, for your vision, and selfless contribution to this community, and to all those who diligently offer insight for all to examine and apply. My time here examining the logic you share has forever reshaped my investment process.
Gray
