MercadoLibre Just Released Incredible Numbers for 2024, Demonstrating Yet Again Why It's My Top Holding by Far
Whenever I review my portfolio, I'm hit with a fresh sense of how much I need to improve as an investor. My account is littered with duds I shouldn't have ever purchased. Moreover, I've missed out on plenty of market winners that I diligently researched, but never actually bought.My track record clearly needs to improve. But be that as it may, I find solace in one wonderful decision: Making MercadoLibre (NASDAQ: MELI) my top holding back in 2022. It has been a portfolio-saving investment, and one that will continue to do the heavy lifting for me for years to come.It reminds me of one of Warren Buffett's best acquisitions, which was See's Candies. According to his late right-hand man Charlie Munger, the pair almost didn't buy the iconic candy company due to a relatively small gap between what they wanted to pay and what the owner wanted to sell for. But in Munger's words, "We made a wonderful decision because we were just barely smart enough to make a no-brainer."Continue reading
Whenever I review my portfolio, I'm hit with a fresh sense of how much I need to improve as an investor. My account is littered with duds I shouldn't have ever purchased. Moreover, I've missed out on plenty of market winners that I diligently researched, but never actually bought.
My track record clearly needs to improve. But be that as it may, I find solace in one wonderful decision: Making MercadoLibre (NASDAQ: MELI) my top holding back in 2022. It has been a portfolio-saving investment, and one that will continue to do the heavy lifting for me for years to come.
It reminds me of one of Warren Buffett's best acquisitions, which was See's Candies. According to his late right-hand man Charlie Munger, the pair almost didn't buy the iconic candy company due to a relatively small gap between what they wanted to pay and what the owner wanted to sell for. But in Munger's words, "We made a wonderful decision because we were just barely smart enough to make a no-brainer."
