Some easy investing rules of thumb:
1. Never go long a SPAC (aside from an arbitrage)
2. Never go long a merger deal that has a buyside vote
3. Never buy on new lows and never sell / short on new highs
4. Never short a story stock unless the story (and chart) has broken
5. Never ever get emotional about a stock
6. Never buy preferred shares (unless for an arb / liquidation)
7. Liquidations will always take twice as long and proceeds will be less than expected
8. Never sell a stock to "take profits". Why bench your best player, coach?
9. Never buy a stock based off a sell-side reco
10. The more complex the DCF, the worse the returns
11. Keep each short <2%. Life's too short (pun intended) to be constantly stressed af
12. No one knows anything. Even the best are wrong often.
13. Do your own work! No one else will make money for you (only off you)
14. Constantly evolve. No such thing as "style drift", only progression
15. Do it for the love of the game. Nothing else
16. If a stock you own is subject to a bidding war, never sell. You're the beneficiary of the "auction winner's curse"
17. The stock market is not the economy. Never confuse the two.
18. Never buy a CVR. Just don't. And if you're issued a contingent value right, sell it.
19. Never utilize leverage for cryptocurrency investments. They are risky enough unleveraged.
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