Reply To: Tommy Kristiansen’s Portfolio
Hehe, I know! In hindsight it’s been a poor investment, and I’ll probably not break even. Learned a lot from it though. Most importantly to not become as influenced by the noice as I was, but also how cyclical cyclicals can be.
That said, going back to 2019 and given the value proposition, I still think it made sense at the time. Maybe not as much sense, given the risks involved, but still. Would I do it again? Probably not. I see the argument for buying a shipping company, mining company etc. for exposure to a commodity. But it is a different ball game, after all. If I’m taking this route again, I’ll be more aware of the future of the underlying commodity. Panoro doesn’t count 😉