03 Oct 2016 Being Like Buffett: Easy to Say, Hard to Do ( Portfolio )

So in the midst of underperformance a client might ask me what I did last year and I would say something like:

I read 57 books.
I read about 200 sets of financial accounts.
I talked to about 70 management teams.
I visited Italy, the United Kingdom, France, Japan, the United States, and Canada.

But most importantly, I did not buy a single share and I sold down a few positions I had. And I underperformed an index fund.