Portfolio Update 11.16.20

November 16, 2020

Plenty of new content at www.valuedontlie.com — check out the premium posts for updates on new positions and coverage on existing positions.

My portfolio is still a ways off the ~12% return of the S&P 500 YTD — mainly with some of my top holdings still acting as huge underperformers… Looking exclusivity at the bottom of the list — MDP and DLX have been big detractors for the year (not all of these names have been owned for the entire period).


You’ll notice above that nearly all of these stocks at the bottom of the YTD performance list have 1 of 2 characteristics — low price/cash flow multiple or low price/book. My thesis for each as to “why the market has it wrong” is still in session…

Here’s the portfolio as it looks today…


Some tidbits:

Perhaps naïve but I still feel that most/all of these positions have 50-100% upside from here.