Hi fellow forum members,
As you may have seen on this thread, there are a few people on the forum who would be interested interested in allocating a some part of their funds in a value-oriented fashion.
Some went as far as suggesting that I manage some part of their portfolio for them.
Although I was flattered at first, I thought quite a lot about it in the last couple of days and discussed privately as well with @1000000CHF.
The conclusion we had is the following: Instead of me managing money, we would like to create a Value Investment Club in Zürich/Zug where members would regularly meet and help each other become a better investor.
Why an investment club?
In the past years I have read regularly (see for instance this book, or the Farnam Street podcast here, or Ray Dalio’s book as well ) that the best way to progress in anything is to have a group of like-minded people, kind of a „Mastermind group“, where members expose their ideas and other members can give feedback, criticize when needed and debunk each other biases.
Investing is the epitome of decision making. I hope that this club will help each members to make better decisions.
I hope it will lead to a situation where we have a solid group of investors who investigate investment ideas with diligence, correct mental biases in each other, and elaborate a good investment process. It will benefit to everybody and on the long term we will have much greater rewards than simply having one person managing other persons’ money.
We would meet regularly (monthly?) and each member would expose what he learned during the month, or
a company he analysed, an interesting concept or some resources he found. At the beginning I would help other members and present them what I have figured out so far. But after a while I would expect all members to present their ideas/concept/resources so that it can benefit each other. Another benefit of this group is that we would correct biases in each others’ thinking.
Who am I looking for?
Value Investing takes a lot of time, it is my experience that in this field the only way to progress is through continuous learning.
Therefore, I am looking for motivated people who :
- would be willing to commit time on a regular basis to investigate concepts and/or companies
- are happy to discover the marvelous world of mental models
- are not afraid to learn and practice accounting
- are willing to read LOTS of financial reports
- are willing to meet regularly in Zürich or Zug
Initially we would limit the group to 4 or 5 people to see if the concept is viable.
If the above description fills you with enthusiasm, do not hesitate to contact me!