Portfolio Update #8 (8/12/2023)

Current holdings and allocations, and reasons behind recent buy / sell / hold decisions.

Update #8 (8/12/2023)

Given some actions taken recently with CDLX and CVNA, I wanted to provide a Portfolio Update.

Discussion items include:

• Current Allocations and Recent Actions

  • Compounded benefits

  • Change in share counts

  • Reasons for the actions with CDLX and CVNA

• Short-Term Considerations

  • Upcoming earnings and announcements with CDLX and CVNA

  • Near-term cash flows with CDLX and CVNA

  • Capital preservation

  • Macro fears and how it relates to CDLX and CVNA

  • Shifting focus to long term

• Long-Term Considerations

  • General benefits of long-term thinking

  • Odds of CDLX and CVNA making it to the long term

  • Odds of CDLX’s and CVNA’s long-term potential materializing

  • CDLX’s and CVNA’s discounts to long-term value

• Summary of Recent Allocations, Prices, and Actions

This is the 8th portfolio update (see past updates here).

About Portfolio Updates in General

I was previously adding my buy / sell / hold decisions to my private notes on OneNote, but I thought it may be helpful to add these as a part of the Research Notes, given most of these decisions are a function of my research and the information I put out.

I believe this will also force me to think through my decisions a little harder and more concretely. Additionally, I can look back on these decisions to learn and improve.

Below I share my recent actions, the reasons, and a summary of my holdings and allocation of my investments over the last few months and up to today.

Current Holdings & Allocations, and Recent Buy / Sell / Hold Decisions

Note: Some of the allocation %’s and the market prices per share are as of when I took a screenshot and recorded the allocations, and are not based on the opening or closing prices of that date.