1/11 Thoughts on last week
It was supposed to be a pretty difficult week since I "lost" (unrealized) a bunch of money following earnings last week. But in reality, I felt very engrossed, and energized.
It was a textbook reminder why I actively invest in the first place.
It was supposed to be a pretty difficult week since I "lost" (unrealized) a bunch of money following earnings last week. But in reality, I felt very engrossed, and energized.
It was a textbook reminder why I actively invest in the first place.
2/11 Why do I actively invest?
Investing is my lens to understand the world. With my money on the line, the stakes are as high as it can possibly go.
Investing is my lens to understand the world. With my money on the line, the stakes are as high as it can possibly go.
3/11 Investing allows and forces me to study the past, observe the present, and ruminate the future of the companies that are shaping the world.
4/11 Will Meta survive the TikTok onslaught? Will Zuck gradually fade as once prodigious but ultimately tenuous as a business leader?
Will Spotify always remain prisoner to music labels?
Will Spotify always remain prisoner to music labels?
5/11 Will Ek's strategy to aggregate podcast and music together harness power against the labels but simultaneously introduce fragility into the system?
6/11 Those are the kind of questions I wanted to think and while answers can be elusive in many cases, it incentivizes our understanding of the world based on facts, lived experiences, educated opinions, and calculated risks.
7/11 A buddy texted me "when a stock is getting crushed, you tend to get a LOT smarter about the business. Every time something is going to get me, I learn a ton."
I could not agree more!
I could not agree more!
8/11 I was listening to this terrific conversation between @BillBrewsterTBB and Chris Cerrone from Akre Capital. Chris mentioned Buffett's interview with John Train for his book "The Money Masters" published in 1980.
open.spotify.com/episode/5XMk6H…
open.spotify.com/episode/5XMk6H…
9/11 Buffett mentioned 6 qualities of a great investor. I took notes while listening as I never read the interview before:
I. You must be animated with controlled greed and be fascinated by investment process (WOW, such a wonderful way to put it)
II. You must have patience
I. You must be animated with controlled greed and be fascinated by investment process (WOW, such a wonderful way to put it)
II. You must have patience
10/11 III. You must think independently
IV. You must have security and self-confidence without being rash or headstrong
V. You have to accept when you don’t know something
IV. You must have security and self-confidence without being rash or headstrong
V. You have to accept when you don’t know something
11/11 VI. You have to be flexible as to the types of the businesses you buy but never pay more than what the business is worth.
While challenging, what a fun and life-long endeavor it is to be good at investing!
While challenging, what a fun and life-long endeavor it is to be good at investing!
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