Facebook: Bears and Game Theory
Instagram is more addictive than crack (I’m only sort of joking). Facebook is a dopamine company. From social media to gaming, Facebook is a constant stream of dopamine. Dopamine is an area of investing that ...
The Ultimate Form of Optionality
This presentation from Social Capital is a thing of beauty. Amazon analyzed where they were spending money, then found a better way to handle it. They vertically integrated those expenses into their business, then flipped ...
What I Learned in 2020
Everyone can agree that 2020 was a dumpster fire, but that doesn’t mean that you can’t learn from it. Entropy Systems prevent entropy… what systems are you setting up to prevent entropy? Entropy can come ...
Why Your New Years Resolution Sucks: Invest Instead
The best thing someone can do is make investing a habit. Once you create a habit, everything comes so much more naturally. You don’t even think about it, it just happens. How can we make ...
Investing Inception: The Minds of Management
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 ...
The Grandest Mistake of Them All
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 ...
U Done F’d Up: Market Confessions
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 ...
Cult Brands: Call Your Dad, You Have a Hot Stock Tip
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 ...
Why I Bot $TSLA
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 Made Simple
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. ...