“Working with activists… buying back shares at a discount, selling off non-core assets… shrinking the denominator improves returns”
DD
Django Davidson
The Master Investor Podcast with Wilfred Frost ·
“You don't want to, for instance, sell Commonwealth bank shares and then buy back the exact same number... but if you're rebalancing the portfolio at the same time, then that's certainly above board”
Paul Benson, Guidance Financial Services · Financial Autonomy · UPDATED Beyond Building Wealth: 4 Things Your Retirement Plan Might Be Missing
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4:40
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What was described
sell shares and immediately rebalance the portfolio rather than buying back the exact same shares to avoid cost-base washing
Said nearby on the same subject
“If you decide to sell an investment… don't buy it back within 30 days of the sale date. Otherwise, the loss is considered a wash sale”
♫
Said on Motley Fool Hidden Gems Investing
“If I buy, let's say, a small amount of a beaten-up copper mine, it might be 1% of the portfolio… it falls 30%. It's now 70 bps of the portfolio… another counselor can come and buy those shares.”
DD
Django Davidson Hosking Partners
The Master Investor Podcast with Wilfred Frost ·
“When people share resources, take the resource, make it better, then share it back. And that way we all get to share in the expertise that everyone brings to the table.”
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Said on Grow Your Clinic
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