Here is the portfolio as it stood at the end of 2022. Main movements during the year was the scaling down of the Malteries Franco-Belges (MFB) position (with the attack on Ukraine by Russia) to build ownership in new companies as valuation got interesting (LVMH, Dior) or towards new companies which seem to be focusing on value creation for shareholders (Explosifs et produits chimiques)
Great to read you again ! All the best for you too !
Looking forward to more of your writing in 2023!
When did you buy Berkshire Hataway B? Around 2009-2012?
Thanks for a great post -- looking forward to many more!
Great to read you again ! All the best for you too and good 2023.
Why u do not have L'oreal ? it is an amazing company maybe the valuation is high ?
Thanks a lot Jeremy !
Philippe Luchési