The foundation for my portfolio is centered around a simple question: what are the best businesses in the world?
If one were to own 25 holdings, with an ideal time horizon of forever and a goal of never selling, which securities would best enable and promote this kind of behavior?
The idea stemmed from a tweet 4 1/2 years ago, and one response in particular:
From there, I sought out the best examples of each particular business:
Now you may ask, how did we land on 25 holdings? The thought here is an all-weather approach, allowing my book to enjoy the benefits of diversification, across the 11 sectors of the market:
The ultimate result is the portfolio you see below:
This is a rudimentary attempt to illustrate my approach in the greatest game in the world: investing.
Brass Tacks Capital
