Hi Partner 👋
I’m Pieter and welcome to a 🔒 subscriber-only edition 🔒 of Compounding Quality.
In case you missed it:
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Since Compounding Quality launched on the 1st of October 2023, the Portfolio returned 33.4% versus 19.1% for the S&P 500.
This means we did 14.3% better than the S&P500 over the past 5 months.
Is this level of outperformance sustainable? Absolutely NOT.
The goal is to do slightly above average for very long periods.
The screenshot above is the official track record from Interactive Brokers. You can explore Interactive Brokers here.
In today’s Portfolio Update, you’ll get an update about the following:
The fundamentals of the companies we own
Serious candidates to be added to the Portfolio
How to think about FX risks
And much more!
Portfolio overview
Currently, we’re invested in 10 high-quality companies: