No. of Recommendations: 3
All that aside, what he says in terms of mental models (compounders / spawners etc and investing frameworks / thoughts and ideas are good in my opinion.
I don't clone Superinvestors. I use the lists of buys to generate ideas to review, I then look at the metrics and business models.I only invest in what I'm comfortable with.
I didn't touch Micron, Seritage or Brookfield for example and would not invest in Turkey.
However having reviewed Alibaba and Tencent from his and Mungers discussions I like those companies and invested. I also purchased some Prosus which worked out well. Alibaba is below what I paid (including averaging down) but I really like the company so am happy to hold for a long time despite him selling out, again because I'm comfortable with it.
I don't really care if the particular Super investor has outperformed the market or not overall, I'm just after their ideas so that I can review them through my own framework.
That's also what I like about this board, idea generation... Dollar General is an interesting opportunity for example, but it's still just a retailer and a value play rather than a long term compounder from here IMO.
