Found Not Lost: On the Importance of Founders
Jeff Bezos is stepping aside as CEO of Amazon. Bezos built Amazon into everything it is. He built the culture. If I were having a CEO draft, he would be my first pick. I primarily ...
Spotify: Breaking the Sound Barrier
Sometimes the best investments are hidden in plain sight. Spotify is everywhere at this point. Concerns around margins have dragged the stock down, but low margins are just a part of an impressive story. The ...
January 2021 In Review: Storm the Capital then Squeeze the Hedges
January began with the storming of the capital and ended with WallStreetBets raiding hedge funds. It’s been a wild start to 2021. My portfolio returned +$25.5k (+10.25%) driven by $SFIX, $BTC, $TDOC and $ETSY. Moves ...
Can’t Stop, Won’t Stop, GameStop – How Squeezes and Group Economics Created a Situation
Together we are one (gigantic hedge fund). Reddit’s community of traders have done something remarkable. Normally the market is essentially zero sum (market makers are the exception). Wallstreetbets found a way to pump a stock ...
Five Stocks You Should Have Bought Last Year
I messed up. I do it all the time. I don’t get down about it, I try to learn from it. Below are five stocks that have been on huge runs and my reasoning behind ...
Dot Com 2.0: Going Rich, Not Bankrupt
The market is euphoric. Stupidity is at an all time high. Bears are screaming bubble, while bulls just keep pumping. Is this Dot Com 2.0? Who is right? A brief history of a few companies ...
Your Moat Doesn’t Exist: But Buffett’s Does
“First of all, I think moats are lame. It’s nice, sort of quaint in a vestigial way. If your only defense against invading armies is a moat, you will not last long. What matters is ...
GameStop: Dying Thieves or Evolving Thieves?
How can you support someone who stole from children? GameStop stole from me as a child. I ordered NFL QB Club online for $10, then when it showed up it had a sticker on it ...
“In-Efficient” Market Hypothesis: I’m Triggered
I lost faith in economics a long time ago. The whole science is built on flawed assumptions. My breaking point was the efficient market hypothesis, which states stock prices reflect all current information. Basically, you ...
Square: Out of the Box Financials
Initially, Square was just a credit card reader that attached to phones. Quickly, a hardware stand and app were added that turned an iPad into a point-of-sale system. Then Square really started to take off ...