I run a small investment firm but like writing these investment articles mainly to help organize my thinking/research (and interact with other investors).
The “Twenty Punch Investments” title is more a catchy title than anything else. As a smaller investor, with thousands of opportunities to scan, I should be able to generate a few good ideas each year. I think if an investor is truly good and isn’t running a huge portfolio, Warren Buffett’s twenty punches on punch card concept is likely limiting.
I think of the “twenty punches” more like how Ted Weschler mentioned his time at the first investment firm he worked for - he said he made exactly 20 investments and 19 of the 20 worked out really well. Similarly, my goal is a very high success rate on the investments made, especially since I am typically not investing in companies that will become the next Amazon. Using baseball terminology, I aim for a high on-base percentage, since I’m not typically hitting for grand slams.
Other than that, my investment style is not unique, in that I am a value investor, investing in a concentrated manner (typically ~10 positions + a few special situations). I typically concentrate my larger investments in a few industries that I think I know really well. Although if a glaring cheap opportunity comes along, I’m more than willing to invest - my net-net investment typically fall under this category.
Due to the concentrated nature of my investments, there might not be many posts. I typically do not post all my ideas, since it does take a bit of time to write them up - but I am trying to write-up many more of them going forward (as of March 2026). Regardless, I’m sure I’ll find a few items to write about each year. Quality over quantity is the goal.
Disclaimer: I might hold shares for any securities mentioned on this site for myself and/or others. I may buy more or sell my positions at any time. Please do your own due diligence before making any investment. None of my posts are investment advice. All posts are for educational purposes only. For full disclaimer, please click here. Feel free to contact me - I can be reached on this site or via my firm’s website here.
