PORTFOLIO & PRINCIPLES

A portfolio is the result
of a system.

I do not publish real-time holdings. This page explains how I think about portfolio construction and risk limits.

100%intentional

Quality businesses 55–70%

Cash & opportunities 15–30%

Defensive assets 10–20%

ILLUSTRATIVE ALLOCATION

No allocation is right for every environment.

The framework changes with valuation, opportunity quality and liquidity needs. These ranges are behavioral guardrails, not fixed targets.

Principle 01No single idea is allowed to destroy the portfolio.

CHECKLIST

Before every
decision.

01

Can I explain the business model in three sentences?

02

Does cash flow confirm the earnings story?

03

Which risk would invalidate the thesis completely?

04

What does the current price already imply?

05

What is the maximum position size under the downside case?

06

When will I review the thesis again?