Financial filings tell you exactly what concerns management. In order to have conviction, you need to trust management. What concerns management should concern you! A failure to mitigate risks will lead to reduced returns. Below ...
It seems so easy to time the market. We can see all the terrible things happening right before our eyes. See below for two recent examples: The world was going to burn. Stocks were going ...
I’ve done a lot of stupid things this year. Here is a list of just dumb things I did in the market. Trimmed $SQ before a massive run (to buy $TWTR) Trimmed $SFIX before a ...
Sometimes, instead of trying to understand something, you make fun of it. It doesn’t make sense, you don’t know why people are acting weird, so we rib ’em. $3k for a bike with an iPad ...
Tesla has a young founder, huge target addressable market (TAM), emerging optionality, profitable financials, growing at 15%+ per year, benefits from network effects and is in the S&P 500. When you have a business that ...
Investing doesn’t need to be as complicated as everyone makes it out to be. All you need to keep doing is dollar cost average into quality assets, then rarely sell. I’ll break that sentence down. ...
The world is trying to destroy you and without gumption, you really don’t stand a chance at winning. It may seem dramatic, but I think it is true. But why gumption and not just initiative, ...
Recently, I wrote on optionality. It is one of my favorite concepts to investing, but the article left out one key feature (on purpose). A key accelerant to optionality comes from autocatalysis, which is a ...
When I look across the top stocks, one thing jumps out to me: multiple revenue streams. Multiple revenue streams evolve from having multiple options in the past. Optionality is the act of having multiple options. ...
My favorite investing saying is “Just Keep Buying“. It is so simple. You literally just keep buying. Sell? Nope, that’s not buying. While it is simple, I think the saying does have some depth if ...
