QUESTION FOR JEROME WHO HAS BEEN TROUBLING ME FOR A LONG TIME

[Harmony Management]

Good evening Jerome,
You started in the stock market like the best investors by making big mistakes as you have written at length but today your investment philosophy is very clear, your ability to analyze companies is remarkable, and you have understood everything about the psychology of investment and you know how to leave your emotions aside, rejoicing in bear markets to invest more.
What puzzles me, given your financial analysis skills, I recognize that you have built a very solid portfolio with dominant companies with good competitive advantages. But a large number of companies in your portfolio have relatively low growth rates. Given the non-taxation of capital gains in Switzerland, why not build part of your portfolio with smaller, high-quality companies with faster growth rates. In my opinion, this would complement your portfolio well. I tell you this because I know your analytical skills and control of your emotions allow you to do so. Thank you for your answer.

[Jerome]

Hi
Thank you for all these compliments !!!!! It's too much 🙂
In fact I have some titles that partially match what you say, in my 2nd "Ex-US" strategy, such as:
– EMMN
– BELL
– WKB
– JFN
– PAXN

These are small companies, but they are not startups or tech companies either. I do not close the door to small caps. When I find interesting ones, I take them. But on the other hand, I do not really like tech companies or, in general, companies with too high a growth rate because they have an unfortunate tendency to be affected by fashion effects... they fall back very quickly from their peak.

[Author]

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