It appears you follow Horizon Kinetics quite a bit. The name overlap is obvious. I don’t have a problem with that. It’s just an observation. I actually think TRC, which I only know about because of them, is a classic asymmetric situation. I took a 1% position in the last few months. If residential housing is ever allowed there in the numbers they propose, it’s worth many multiples. Current market cap of $436 million is a joke if that transpires. However, that may never happen in my lifetime given it’s in CA. Don’t think you can size up on that one.
Great framework to build a rock solid portfolio. Really enjoyed reading this.
Well done. Thanks.
Really thought provoking post. Thanks for sharing. I think of my portfolio in a similar way with two main categories of investments.
This was fantastic guys, thank you for putting it together
It appears you follow Horizon Kinetics quite a bit. The name overlap is obvious. I don’t have a problem with that. It’s just an observation. I actually think TRC, which I only know about because of them, is a classic asymmetric situation. I took a 1% position in the last few months. If residential housing is ever allowed there in the numbers they propose, it’s worth many multiples. Current market cap of $436 million is a joke if that transpires. However, that may never happen in my lifetime given it’s in CA. Don’t think you can size up on that one.