Engineer/Investor. Here to learn and share about Investing. Stay curious.
58 added to My Authors
May 18 • 9 tweets • 2 min read
Whenever Mr. Market gets really mad, I have a bad habit of adding small amounts to my fav existing holdings.
Added to (not recs)
Or as the Mkt calls them (& many other Cos) these days "Unprofitable Sh*tcos with terrible biz models, and no growth prospects".
Of course, no Company is w/o issues.
$VEEV : growth is lower compared to many other SaaS, especially in core CRM. Never too cheap.
$ABNB : growth will take a hit during actual recessions. As the ADRs go higher, travelers might find Hotels more attractive in the core Urban areas
May 9 • 7 tweets • 1 min read
Did some panic buying today.
$ROKU at $87
$MDB at $263
$SQ at $81.50
$SE at 63
$NET at $57.30
$SBUX at $73.50
I know I know. NGMI.
In 3-5 yrs, I'll either look back fondly for buying at these prices or I'll learn some painful lessons. I'm ready Mr. Market.
One can lose their mind trying to guess all the non-business reasons for such severe drawdowns in many of these growth Cos especially in the last few days.
-Any funds blowing up?
-ETF outflows based on price action?
-Momentum trades towards the downside?
May 6 • 7 tweets • 3 min read
$MELI "BEAST MODE" is what came to mind after going thru the report. 👏
One of those rare Ecommerce Cos still putting impressive growth (31% GMV, 44% Commerce Rev) on top of some insane comps.
Increasing amount of Services and Take rates in both Commerce & Fintech (w/o alienating Merchants/Users) is always good to see.
May 5 • 14 tweets • 3 min read
There's no way NASDAQ is going to drop by 700pts like that and I'm sitting here like a deer in the headlights doing nothing.
Stepped up and added to few of my fav existing positions (not recs).⬇️
$MDB at 314
$DDOG at $108
$ALGN at $281
$AXON at 98
$MDB and $DDOG are both well executing business in the cloud infrastructure whose surface area is only getting bigger this decade with many more customers to capture, products to introduce and keep that DBNR high.
Apr 22 • 4 tweets • 1 min read
"When the facts change, I change my mind. What do you do, Sir?" - John Maynard Keynes
"When stocks are being continuously beaten down due to the same old Macro headlines/fears, I get curious and slowly DCA into my fav Cos to hold for the LT. What do you do, Sir?" - Not Keynes
Added to existing positions of $CRM & $U today. Neither of these Cos is going away anytime soon from a fundamentals & competitive perspective. Valuations are attractive from a historical perspective (yes they can go down further due to Macro and ER reactions...).
Apr 21 • 15 tweets • 3 min read
Got my shopping cart out after a 5 week buying hiatus.
Between yesterday and today added to existing positions of $MTCH $ETSY $COIN $DDOG $UPST (not recs - as you might know, all of these are being referred to as shitcos these days).
Based on current prices, others that look tempting (again, not recs) :
$ALGN $ROKU $SE $SQ (holdings),
$ADYEY $IDXX $MASI $TREX $NVDA (Watchlist). Watchlist might get wider if indexes crack.
Apr 21 • 6 tweets • 2 min read
Good presentation for beginners on "Financial Statement Analysis". h/t @Dividend_Growth 👏
2⃣ Understand value (the present value of free cash flow).
3⃣ Properly assess strategy (or how a business makes money).
4⃣ Compare effectively (expectations versus fundamentals).
Apr 13 • 13 tweets • 3 min read
Some people might only be seeing the falling knives & Macro issues in the short term.
I'm seeing the ongoing drawdowns due to those fears slowly spring loading the good Businesses for attractive long-term returns.
Above picture just has some favs holdings of mine used for illustrating purposes only (not recs). Yes, I know I'm missing some solid Cos like $MSFT $ADBE $NVDA $TSLA...
Your examples for this might be totally different for the point I'm trying to convey.
Apr 12 • 7 tweets • 2 min read
"The Investment Checklist" by Michael Shearn is one of the most useful books for individual investors dealing with individual stocks (definitely in my Top5 for practicality).
Glimpse of the Qualitative Checklist from that book. ⬇️
Summaries from few of my fav chapters.
3⃣ Understanding the Business - from the Customer perspective (a point we sometimes overlook in the excitement to own the stock).
Apr 8 • 37 tweets • 5 min read
My biggest mistakes in the last decade & what I learned.
There are 2 types of Investors in the Market. Those who make mistakes & admit them openly while learning, and those who give the illusion that they never make mistakes. I want to be firmly in the former camp.
Here we go⬇️
Putting those mistakes/examples/lessons down again in the thread below for easy reading.
Note that the lessons learned are very subjective. They are not recommendations. It depends on each person's Portfolio goals & strategies.
OK let's go. ⬇️⬇️
Apr 1 • 8 tweets • 3 min read
Good document on "10 Best Investors in the World" with brief biographies & investing philosophies of many of the investing greats. h/t @NickKraakman 👏
One of my fav things about the Market & investing is all the crazy stories we have & the lessons they teach us, hopefully improving our process along the way. I just❤️it.
Here are few different stories & what they taught me.
I keep coming back to the same lessons.
If we're investing in individual stocks we need to
✔️be interested in the actual business
✔️take time to research it
✔️value it (hopefully using some time tested methods)
Mar 24 • 5 tweets • 2 min read
"When it rains, it pours."
On most days, there's nothing to write down but
If this page lights up (like it did in first two weeks of March), I shut up and buy something from the list (rotating between buys & not over-diversifying).
One thing that has helped me over the years, when there's high Macro related volatility beating down the Market, I just try to put down the names from my holdings & watchlist that I think are attractive at current levels.
Mar 22 • 7 tweets • 3 min read
Excellent document on "Financial Statements" by CFA Org. Very useful info for beginner investors.
-Financial Statements, basics & details
-How they are linked to each other
-Review : 31 Qs & Detailed answers
Excellent summary of "The Warren Buffett Way" book by Roger Hagstrom. 👏
One of my fav short docs to read often. Lot of important Business & Investing lessons packed in there for LT investors.
How you think about stocks (as fractional, long-term ownership in good businesses) & how you deal with daily Market fluctuations (whether reacting, or only acting when it's warranted) are hugely important factors in determining our LT results.
Solid pts on those topics.⬇️
Mar 4 • 18 tweets • 3 min read
Not selling my anchor positions anytime soon ( $AAPL $GOOG $AMZN $FB $BRK $V $MA $ISRG $CMG $SBUX $DIS $NKE ... ) but below are the Cos I'm most excited about following for the next 5 years & continuing to add as they execute or Macro/Qtrly reactions keep throwing opportunities.
Ecommerce : $MELI $SE $SHOP $ETSY
Fintech : $SQ $UPST $SOFI $COIN
Ad-Tech : $TTD $ROKU $PINS
SaaS : $CRM $VEEV $TWLO $ZS $DDOG $NET $OKTA $NOW $MDB $DOCU $U $CRWD $SNOW
Digital Services : $MTCH $TDOC $FVRR $RBLX
Mar 3 • 5 tweets • 2 min read
Yikes! 3 SaaS positions reporting on the same night.
$VEEV $SNOW $OKTA
$VEEV : One of my oldest SaaS positions. A steady 20-25% grower. From a competitive standpoint, probably one of the strongest ones. Never too cheap.
$SNOW : A position I wanted to slowly add (as it executes and upon better understanding) at various valuation points.
Will have to read more on the reason for guidance of slower revenue growth, despite improving Net Revenue retention (slower customer adds?)
Mar 2 • 5 tweets • 2 min read
Financial Shenanigans by Howard Schilit is an excellent book for anyone interested in Corporate accounting and investing in individual stocks.