Cristia Calle Mercado @CCalle: "+𝟮𝟬𝟳.𝟵𝟵% 𝙧𝙚𝙩𝙪𝙧𝙣 𝙨𝙞𝙣𝙘𝙚 𝙞𝙣𝙘𝙚𝙥𝙩𝙞𝙤𝙣 As of..."

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+𝟮𝟬𝟳.𝟵𝟵% 𝙧𝙚𝙩𝙪𝙧𝙣 𝙨𝙞𝙣𝙘𝙚 𝙞𝙣𝙘𝙚𝙥𝙩𝙞𝙤𝙣 As of the end of September, the portfolio has returned a total of 207.99%, compared to 100.62% return of the $SPX500 , or 122.46% of $BRK.B (Berkshire Hathaway Inc), Warren Buffett’s company, which is always a good measure of how a value portfolio should behave. Yearly, the returns are: ✅ Portfolio: 21.96% CAGR ✅ SP500: 13.07% CAGR This shows how a difference of 8.89% yearly performance can have a huge impact after several years. In the case of the portfolio and the SP500, the performance of the portfolio doubles the index after 68 months of investing. 𝙈𝙤𝙫𝙞𝙣𝙜 𝙛𝙤𝙧𝙬𝙖𝙧𝙙: Moving forward, I will always focus on positioning the portfolio to obtain over 15% yearly returns. Hence, the portfolio has been moving away from companies reaching their fair value, while overweighting those with a better margin of safety. Given the concentrated nature of the portfolio, volatility can be wild. We’ve seen these days how $9988.HK (Alibaba Group Holding Ltd (Hong Kong)) has had days of +10% and 5%. This can keep happening in the coming months, as the situation in China evolves. Regardless, the business is strong, and it is gaining momentum in its cloud division, which will push higher earnings and revenue growth. This is a clear catalyst to unlock value for us, shareholders. I’ve also concentrated the portfolio significantly on $WISE.L (Wise Ltd) and $ARG.PA (Argan SA) . I’ll leave below the valuations of the three main positions of the portfolio, $BABA (Alibaba-ADR), WISE, and Argan. Remember that volatility can be a good feature of the portfolio, since it gives you the opportunity to buy the same businesses at lower prices. Sales are made to take advantage of them. 𝙏𝙝𝙚𝙨𝙞𝙨: Alibaba: cmcapitalresearch.substack.com/p/alibaba Wise: ccalle.substack.com/p/wise-building-a-moat-while-making Argan: ccalle.substack.com/p/5-dividend-yield-discount-to-book I remain committed to creating long-term value for my portfolio and my copiers. If you like this approach, don’t hesitate to copy this portfolio. $BTC