Former hedge fund partner. I train professional investors in forensic accounting. Online investing training school. I can help you become a better investor.
Jan 31, 2022 • 5 tweets • 2 min read
Nicolai Tangen, the world's most powerful investor, argues that inflation is here to stay and will depress returns, going forward.
Not someone to argue with and I have been in the structural camp for some time now. 1/5 ft.com/content/10fc6f…
Interestingly on my walk to the office, I listened to @GavinSBaker on @patrick_oshag's podcast. He made a good argument for a sharp supply response alleviating inflationary pressures. He remarked that few investors today were around in the inflationary 1970s - good point
2/5
Nov 20, 2021 • 7 tweets • 2 min read
Podcast Update
It's 3 months since I started the podcast so I thought I would give a quick update on what I have learned and what's coming next.
the short version is on LinkedIN, but let me try to summarise in a quick thread 1/7 linkedin.com/posts/behindth…
Learnings:
1 Sound is really important (surprise!). Both my offices have too much glass and hard surfaces. A studio for 2022 will be better.
2 Interviewing style is important but it's really down to having good guests. So don't try to do too many. Quality is key.
2/7
Apr 13, 2021 • 5 tweets • 2 min read
FT reports that Terry Smith took home £30m last year. Unfortunately, they got this totally wrong. Why? Well they failed to watch my video about related party transactions. And I even used Fundsmith as an example. Read on for more......
ft.com/content/8420a1…
In the latest video on my YouTube channel (out today!), we explain how investors could under-estimate how much Terry Smith takes home. This is exactly the trap that the FT has fallen into. They have taken the highest paid member's pay and assumed that was Terry.
Apr 11, 2021 • 10 tweets • 3 min read
I am the former partner of a Tiger Cub and former Head of Research at a second multi-billion hedge fund. I now have a training business and this thread explains what I do and the free resources I make available.
The "club" is a site for keen investors. The library has 1500 investment articles, fund letters, stock ideas etc. Link is to the public area, with mini blogs. Sign up for full access including free training etc. It's FREE! club.behindthebalancesheet.com/c/members-area
Apr 10, 2021 • 5 tweets • 2 min read
I have been lukewarm on Clubhouse so far but this was good. @fabricegrinda noted that it was the weaker companies in his portfolio which were merging with SPACs. The implication presumably being that the stronger companies can get a better result by an IPO or sale.
It's increasingly important for public equity investors to listen to VCs and I am working on how best to achieve this, but this forum on Clubhouse is a good start - well done @brenthoberman for chairing the panel and hope it will be a regular thing.
