If you're interested in going outside of Wall Street, here are 15 indicators I frequently use to detect illiquidity and obscureness

1) low free-float adjusted market-cap

I prefer market caps of below 100M. However, a 350M company like $RCS.MI, which is 75% owned... ..by three shareholders will also do the trick.

2) low share-turnover, the lower the better

Probably the best metric out there to indicate illiquidity. I especially like stocks that are in the single-digit range or those that aren't traded every day

If you're interested in going outside of Wall Street, here are 15 indicators I frequently use to detect illiquidity and obscureness

1) low free-float adjusted market-cap

I prefer market caps of below 100M. However, a 350M company like $RCS.MI, which is 75% owned... ..by three shareholders will also do the trick.

2) low share-turnover, the lower the better

Probably the best metric out there to indicate illiquidity. I especially like stocks that are in the single-digit range or those that aren't traded every day

🧵Alibaba brain dump

As much as my stance on Chinese companies has gotten increasingly more bearish over the years and the e-commerce market there has gotten more competitive. I still got to hand it to $BABA’s management team.

I’ve been following the story for a while now and.. have been invested for an ~8-month period (not invested since Feb '23)

There are two things I like about them.

Firstly, they say what they are going to do and then do it. Acting quickly, without procrastination(this may sound obvious, but you'd be surprised how many managers...

When consuming investing content, you will regularly come across the phrase "Quality is more important than price."

That quote doesn't sit well with me for a few reasons🧵🧵

1. Most investors did not invest throughout a longer period of high inflation and rising interest rates 2. It is an excuse to overpay for a barely better-than-average business that, in the long run, will only offer you a market return

3. People are bad at predicting the future and think in a linear fashion. When they notice a trend, they assume it is going to continue. Let's..

1/ Every now and then, you get lucky and stumble upon evergreen content🌲

The "Finding Moats" episode by @FocusedCompound precisely that. It makes you see business through a different lens🔍

There is probably no better way to spend two hours learning about... 2/ ...investing than by watching this episode. It is packed with timeless wisdom, and I recommend you listen to it in full (and not just once)

Here are a few of my favorite highlights with examples.

No-brainer idea alert🚨
1/ $RCS.MI is a close-to-wonderful business at a wonderful price.
With an EV of 300M, 130 M in TTM free cash flow, a dividend yield of 9.5%, and valuable intangible assets, this is an opportunity that value investors shouldn't overlook. 2/ RCS MediaGroup is a well-diversified, leading publisher of newspapers, television, magazines, radio and books as well as an organizer of various sporting events - most notably the Giro d'Italia bicycle race.