How I Invest with David Weisburd · E436: Nnamdi Okike on Billionaires, Founder Psychology & the Venture Capital Bubble
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sold half of a portfolio position in a high-valuation company, returning about 35% of the fund’s capital
35% of fund returned; full sale would have returned ~70%
“We took up our position in SK Hynix to be about a four, a bit over 4% ... stock's up 20 fold ... we've sold about 90% of our position, but that still leaves us with almost 7% position in the fund”
“I personally own in between 30 and 35 companies, generally speaking, in our portfolio. So we'll have companies that are 4% of the portfolio at purchase and some that are 1.5% to 2%. We don't go lower than that because we want it to matter.”
“We sold two Denim BlueJean brands…sold our smallest company…pruning the smaller things as we uplevel the rest of the portfolio.”
“For a perpetual portfolio, you need $3 million of investment assets in today's dollars... I've assumed a real return of 4.15% (3.5% income and 4% capital growth)”
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