Porter & Co. Black Label Podcast Compounding Quality’s Pieter Slegers - Live From Porter’s Farm 2024
Oct 4, 2024
Pieter Slegers, a finance social media superstar known for his insights on high-quality investing, joins the show to share his expertise. He emphasizes the importance of diversification and reveals his target number of stocks to hold. The conversation touches on overlooked growth businesses and the implications of climate investing. A special guest appearance by Porter's son adds a personal touch, discussing aspirations in finance. Lively anecdotes about Latin American investment opportunities provide humor and depth to the discussion.
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Diversification Strategy
- Diversify globally and across sectors when starting to invest, especially to mitigate early mistakes.
- As you gain investing experience, focus on fewer, high-conviction companies.
Investing Criteria
- Strict criteria for high-quality investments drastically reduces the pool of potential companies.
- Focus on reasonably valued companies within that smaller pool.
Hovnanian Investment
- Porter Stansberry's best investment was Hovnanian, a homebuilder, which significantly increased in value after management changes.
- He cites Hovnanian's shift to an asset-light model, similar to NVR, as a key factor in its success.