In Defense of Optionality
I recently came across some articles speaking ill of optionality. I was triggered. Optionality is one of my favorite ideas and I see it applied everywhere, from sports to investing. Simply put, optionality is low ...
Jack on Track: Why this Time is Different for Twitter
Twitter is an enigma. A company with extreme power, but middling results. Led by a quirky moonlighting CEO. I believe Twitter is strategically placed for the future, but let’s start at the beginning. History Repeats ...
Fear of the Unknown: Etsy and Night Lights
Children are scared of the dark for a reason. In the dark, you can’t see what’s coming. They have a fear of the unknown. That fear is rational! You should be scared of the unknown. ...
Bear Role Play: Concerns On My Stocks
Know what you own or it will own you. Focusing on strengths is great, but you also need to understand weaknesses. The best management teams are always actively working to improve weaknesses. Understanding weaknesses helps ...
Fat Fund Financials – P&Ls
Words are misleading. Play a game of telephone or try to recap an argument with your fiancée and you’ll quickly agree. Luckily in investing we have financials to help avoid having to play a game ...
Blind, Deaf and Dumb: On Going to Cash
Nothing triggers me like seeing someone going into cash because of “high valuations”. I know I shouldn’t get riled up, but I do. Most of the time people admit that they shouldn’t be trying to ...
Elevator Pitchin’ All My Stocks
Brevity is the soul of wit. In 20 seconds or less, I’ll try to explain why I have a position in each of these stocks. $SPOT – The premier audio company. Dominating music streaming, podcasts ...
Diamond Hands: Turning Trash Into Treasure?
Diamond hands have taken hold of the internet. Simply put, diamond hands-ing is holding something until it hits the moon. Diamond hands sound great. The moon sounds awesome. The problem is what the diamond hands ...
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 ...