New portfolio holding one pager

Today, I bought a new position in my portfolio with a weighting of 4%, higher than my usual starter positions. The opportunity looked very compelling, so I decided to scale the position fast and ended up selling half of my MSCI World Quality Factor ETF. I’ll review my reasoning for pivoting from indexing in my next monthly update.

This will be a quick introduction of the general investment case and the back of the napkin valuation for the business, with a deep dive following in the coming weeks. I intend to keep this format for significant changes to the portfolio as a perk for paid subscribers. Without further ado, let’s get to it.