A high level look at Edelweiss holdings portfolio of 16 businesses in terms of financials.
Some observations:
- He likes low debt businesses, most of them are below 30% debt/equity
- Strong balance sheet
- I think except for 1 company, the others are profitable over the past 5 years.
- Not the cigar-butts type of business as the average PE is 28, PB 2.6
- Most are mid to large cap companies, >500M
- No tech stocks. He seems to like stock related to food, gold, maritime etc.
I like to study good companies and try to understand what other good investors see in them, also why they selected these businesses.
Might be interesting to have a look at the companies he owns. Returns over the past 17 years have been pretty close to the index most probably due to the high amounts of cash/gold he holds over the period.
Sidenote: Found one thing that he and I do the same. We both use the same index as our benchmark LOL.
Finished viewing the video....twice. :) Have even downloaded the transcripts for slow reading and reflection.
Must say I am impressed by Tony Deden on his investing philosophy and the 3 important principles that he would consider in business participation he would called it, ie Scarcity, Permanence and Independence.
On some of his ideas on capital preservation, risk, price & value, I also have been thinking along the same line. Rare and also refreshing to hear these ideas expressed in so simple terms by, I think, a very wise investor.
A high level look at Edelweiss holdings portfolio of 16 businesses in terms of financials.
Some observations:
- He likes low debt businesses, most of them are below 30% debt/equity
- Strong balance sheet
- I think except for 1 company, the others are profitable over the past 5 years.
- Not the cigar-butts type of business as the average PE is 28, PB 2.6
- Most are mid to large cap companies, >500M
- No tech stocks. He seems to like stock related to food, gold, maritime etc.
I like to study good companies and try to understand what other good investors see in them, also why they selected these businesses.
Reply to @theintelligentinvestor : you consider these good biz? at first glance seem like turnarounds or cyclicals and overvalued
Liked the interview a lot and thanks for sharing @Simpleinvestorsg.
Did some digging around and found this: https://edelweissholdings.com/documents/EH...
Might be interesting to have a look at the companies he owns. Returns over the past 17 years have been pretty close to the index most probably due to the high amounts of cash/gold he holds over the period.
Sidenote: Found one thing that he and I do the same. We both use the same index as our benchmark LOL.
Finished viewing the video....twice. :) Have even downloaded the transcripts for slow reading and reflection.
Must say I am impressed by Tony Deden on his investing philosophy and the 3 important principles that he would consider in business participation he would called it, ie Scarcity, Permanence and Independence.
On some of his ideas on capital preservation, risk, price & value, I also have been thinking along the same line. Rare and also refreshing to hear these ideas expressed in so simple terms by, I think, a very wise investor.
Great recommendation, thanks!