Magic Markets #280: Portfolio Housekeeping - New Positions and Hard Lessons

This week on Magic Markets, we're opening up the portfolios and discussing some of our most recent investment decisions. From beaten-down SA Inc. names to Chinese tech, Latin American fintech and Canadian financials, we explain what we've been buying, what we've been trimming and the investment theses behind those moves.

The Finance Ghost unpacks recent additions including Cashbuild, Pepkor, iOCO, WeBuyCars and Afrimat, as well as a frustratingly early sale of Intel (but still at a juicy profit). Meanwhile, Mohammed Nalla discusses building geographical diversification through Tencent, MercadoLibre, Nu Holdings (Nubank) and Manulife Financial.

Along the way, we explore themes like buying into weakness, discounted quality, fintech growth, platform businesses, portfolio construction and the importance of balancing growth opportunities with cash-generative defensive holdings.

Key topics covered:

• Recent SA Inc. buys: Cashbuild, Pepkor, iOCO, WeBuyCars and Afrimat.
• Tencent and the China opportunity: Buying quality businesses amid negative sentiment.
• Latin American growth plays: MercadoLibre and Nu Holdings (Nubank).
• Adding diversification through Manulife Financial: A defensive financial services play with Asian exposure.
• Portfolio management lessons: Buying weakness, trimming positions and the challenge of selling winners too early.

Get in touch:

• The Magic Markets Website
• @MagicMarketsPod, @FinanceGhost, and @MohammedNalla (all on X)
• Pop us a note on LinkedIn

Disclaimer: This podcast is for informational purposes only and does not constitute financial or investment advice. Please speak to your personal financial advisor.