Jayson Lutzenkirchen
Jayson Lutzenkirchen
Germany
4mo
Edited
Welcome to the Portfolio ⛵🧘‍♂️ My investment philosophy is straightforward: hunt for debt-free (or near debt-free) companies I actually understand, and buy them at a steep discount. Instead of chasing whatever latest hype Wall Street is selling, I prefer digging around in the unloved, obscure corners of the market where the crowd isn't looking. I look for a minimum 25% margin of safety—and the cheaper, the better. The Origin Story (Or: How I Learned the Hard Way) This strategy was forged in the fire of doing practically everything wrong. Back in the '08 crash, I managed to lose my entire inheritance thanks to a lethal cocktail of high leverage, Forex trading, and pure stupidity. Starting over from zero is a fantastic teacher. While most people were baking sourdough during the 2020 lockdowns, I used that time to study the fundamentals of proper value investing. Turns out, taking the patient route to wealth beats trading Forex like a stupid gambler every single time. The Game Plan (What to Expect if You Copy): High Conviction: The portfolio stays concentrated (usually 5–7 stocks max). It's much easier to stay thoroughly informed on every holding when you aren't juggling 30 companies. Catching Falling Knives: When a good stock price drops, I often buy more. This is a deliberate choice, not desperation—I just like assets even better when they go on clearance sale! 🛒 Long-Term Horizon: Channeling Buffett, Munger, Howard Marks, and Joel Greenblatt, the minimum holding period here is 2–3 years. We give businesses time to catch up to their intrinsic value. The longer, the better for compounding, unless a cyclical play goes parabolic early, in which case I gladly harvest profits when Mr. Market hands them to us. No Stop-Losses: A stop-loss just forces you to panic-sell right when an asset gets cheap. We rely on a fat margin of safety and strong balance sheets instead. Low Noise: The eToro feed already has plenty of daily panic and market noise. I value the quiet path to wealth and a good night’s sleep. Expect 1–2 meaningful updates a year rather than constant commentary. 🍿 We aren't here to gamble or feed the hype; we are here to compound capital safely and enjoy the ride. Smooth sailing to us all. ⛵🌊🏄‍♂️
Not investment advice. The author may have financial interests in the mentioned instruments.
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