QAV Light Weekly Update #65

Hel­lo QAV Light Brigade

It’s Mon­day and this is my week­ly report.

Well it was a chal­leng­ing week, forc­ing us to sell a few stocks and mak­ing it dif­fi­cult to replace some of them. The mar­ket is up this morn­ing, so let’s hope that this week is a lit­tle less sticky.

If you haven’t already, please enjoy “Wood­stock For Val­ue Investors”, aka the Berk­shire Hath­away AGM. It’s always got a bunch of great one-lin­ers from War­ren and Char­lie. My favourite so far is one from War­ren when asked about the impact that AI might have on val­ue invest­ing. He talked about the tech­nol­o­gy changes he’s expe­ri­enced since he start­ed invest­ing in the 1940s, and said that the biggest oppor­tu­ni­ties for investors always lie in “oth­er peo­ple doing dumb things” and that won’t change.

BTW, I apol­o­gise for this being a lit­tle lat­er than usu­al today. I had to give blood, like I have every three months for the last 20 years. Here’s a lit­tle poem about giv­ing blood that I wrote with the help of GPT. 

BUYS

DISCLOSURE

In the inter­est of full dis­clo­sure, we would like to advise that, as of the date of this email, the QAV team cur­rent­ly hold these stocks in their per­son­al port­fo­lios:

FHE GRR IGL JHG KAR MQG PRU QAN QBE RMS SGM SUL WAM WAF

Please note that our per­son­al hold­ings might not include the stocks we rec­om­mend in QAV Light. This is because we already have full port­fo­lios (15–20 stocks) and can only add new stocks if we have to sell some­thing.

If you’re inter­est­ed in learn­ing more, please review our trad­ing and dis­clo­sure pol­i­cy.

FOR NEW MEMBERS

If you’re new to QAV Light, here’s a quick reminder on how it works.

1. We send you an email every Mon­day advis­ing which stocks we are adding to our Light port­fo­lio.
2. You can copy our trades, but please remem­ber to review our Trad­ing Guide­lines to under­stand which cap you should be look­ing at and oth­er impor­tant con­sid­er­a­tions. And con­sult a finan­cial plan­ner before mak­ing any deci­sions.
3. We don’t rec­om­mend that you add stocks which are already in our port­fo­lio. Their posi­tion on our buy list might have changed since we rec­om­mend­ed them. Just start with the stocks rec­om­mend­ed after you become a mem­ber.
4. If one of the stocks we add breach­es one of our sell con­di­tions, we will sell it from our port­fo­lio and you’ll get an email advis­ing of the trade. Again, you can copy our trades, but seek finan­cial advice before mak­ing any deci­sions. And please check your Rule #1 price (see Trad­ing Guide­lines).

That’s it for today!

If we decide to buy or sell some­thing, we’ll let you know.