I primarily invest in turnarounds in natural resource industries, where I have a typical holding period of 1-3 years. Focusing on value offers good downside protection and can still provide great upside participation. Portfolio Returns: 42% in 2019, 81% in 2020, 39% in 2021, -8% in 2022, 12% in 2023, and 14% YTD2024.If you like this article and are interested in more frequent analysis of my holding companies, real-time notifications on portfolio changes, together with macro and industry analysis. I would en ...