Inside the Corner - March 2025
Capital Allocation & Personal Investment Journey.
Yesterday, I opened up for paid subscriptions.
That said, I plan to keep most of my writeups free. I really enjoy the conversations and insights they spark—that’s a big part of why I write in the first place.
For those who want to support my work, paid subscriptions are now an option. As a small thank you, I’ll be sharing exclusive updates on my personal portfolio with paid subscribers, such as this one.
And to everyone reading—whether free or paid—thank you. It’s been a lot of fun so far, and I’m grateful for all the thoughtful discussions and support.
Cheers Ole
Invested Capital & Returns
Reinvestment is the core of my investment philosophy, and the portfolio reflects that.
Since inception, the portfolio’s largest drawdown occurred in 2022, with a return decline of nearly 40%. Despite this, the portfolio has almost tripled in value as of March 2025. Notably, the majority of this growth—around 70%—comes from additional capital invested, much of it deployed over the past year.
Below, you’ll find a breakdown of initial capital, incremental capital, and returns.
I would expect incremental capital to be the most important driver of portfolio value in this decade, and returns for the coming ones (hopefully).
Interestingly, this approach of comparing incremental capital to returns is also core to my strategy of looking for compounders - companies able to reinvest capital at high returns.
Now, let’s see what’s inside this portfolio.