Offshore
Photo
EndGame Macro
“Recognize reality even when you don’t like it. Especially when you don’t like it.”
- Charlie Munger
tweet
“Recognize reality even when you don’t like it. Especially when you don’t like it.”
- Charlie Munger
BREAKING: MicroStrategy stock, $MSTR, falls toward a new 52-week low, now on track to end 2025 down -48%. https://t.co/BQ1STR8jka tweet
Offshore
Photo
Giuliano
We sat down with @Chancellorpen and recorded the ideal podcast episode.
We talked about a wide range of books and ideas:
- Steve Jobs: Simplicity, create soulful work, focus.
- Darwin: Contrarianism, truth, what research really is.
- Munger: Take a simple idea and take it seriously.
- Michelangelo vs Da Vinci.
- Galois (unknown 20yr old genius).
- Ted Turner: Why the best ones do read Classics.
- Sinegal: Learned everything from Sol Price.
And a lot more.
It was real fun and I hope you enjoy it:
https://t.co/lJKXMIkkfy
tweet
We sat down with @Chancellorpen and recorded the ideal podcast episode.
We talked about a wide range of books and ideas:
- Steve Jobs: Simplicity, create soulful work, focus.
- Darwin: Contrarianism, truth, what research really is.
- Munger: Take a simple idea and take it seriously.
- Michelangelo vs Da Vinci.
- Galois (unknown 20yr old genius).
- Ted Turner: Why the best ones do read Classics.
- Sinegal: Learned everything from Sol Price.
And a lot more.
It was real fun and I hope you enjoy it:
https://t.co/lJKXMIkkfy
tweet
Offshore
Photo
The Few Bets That Matter
You will always underperform if you judge a stock the same way you judge a company.
They are fundamentally different, and far too many investors fail to understand this.
A company’s “greatness” is defined by many factors. Longevity, cash flow, employees, compensation, importance, by the added value of its product or service... At that point, greatness is almost subjective, more opinion than fact.
But a great stock has only one criteria: that it trades higher today than yesterday.
As stock pickers, that is the only thing that matters.
Yet many investors assume that a great company must be a great stock. Nothing is further from the truth. So many incredible companies deliver mediocre returns, and often for very valid reasons. But we need to understand the market to understand this fact.
The market cares about one thing only: safe and growing future cash generation.
Everything else is noise.
That is why so many outstanding companies underperform; not because they are bad businesses, but because they are not accelerating, not expanding margins, not safely compounding cash.
The market rewards companies whose future cash flows are secure and/or growing rapidly. Those are great stocks.
For all the $PYPL, $NVO & so many others, please understand: the market will rewards growth acceleration, safe compounding and expanding margins.
If your stock has none of those with no data pointing to it happening... It isn't a great stock.
But it can be a great company.
tweet
You will always underperform if you judge a stock the same way you judge a company.
They are fundamentally different, and far too many investors fail to understand this.
A company’s “greatness” is defined by many factors. Longevity, cash flow, employees, compensation, importance, by the added value of its product or service... At that point, greatness is almost subjective, more opinion than fact.
But a great stock has only one criteria: that it trades higher today than yesterday.
As stock pickers, that is the only thing that matters.
Yet many investors assume that a great company must be a great stock. Nothing is further from the truth. So many incredible companies deliver mediocre returns, and often for very valid reasons. But we need to understand the market to understand this fact.
The market cares about one thing only: safe and growing future cash generation.
Everything else is noise.
That is why so many outstanding companies underperform; not because they are bad businesses, but because they are not accelerating, not expanding margins, not safely compounding cash.
The market rewards companies whose future cash flows are secure and/or growing rapidly. Those are great stocks.
For all the $PYPL, $NVO & so many others, please understand: the market will rewards growth acceleration, safe compounding and expanding margins.
If your stock has none of those with no data pointing to it happening... It isn't a great stock.
But it can be a great company.
tweet
Dimitry Nakhla | Babylon Capital®
As we head into the New Year, here are 5 quality stocks I’m closely watching 💵
NTM P/E | 3-Year Avg | EPS CAGR est 26’-28’
1. $MELI | 40x | 51x | +39%🤝
2. $NFLX | 30x | 35x | +17%📺
3. $MSFT | 29x | 31x | +17%☁️
4. $FICO | 42x | 49x | +22%🏦
5. $AMZN | 31x | 44x | +26%📦
tweet
As we head into the New Year, here are 5 quality stocks I’m closely watching 💵
NTM P/E | 3-Year Avg | EPS CAGR est 26’-28’
1. $MELI | 40x | 51x | +39%🤝
2. $NFLX | 30x | 35x | +17%📺
3. $MSFT | 29x | 31x | +17%☁️
4. $FICO | 42x | 49x | +22%🏦
5. $AMZN | 31x | 44x | +26%📦
tweet
Offshore
Photo
The Few Bets That Matter
You will always underperform if you judge a stock the same way you judge a company.
They are fundamentally different, and far too many investors fail to understand this.
A company’s “greatness” is defined by many factors. Longevity, cash flow, employees, compensation, importance, by the added value of its product or service... At that point, greatness is almost subjective, more opinion than fact.
But a great stock has only one criteria: that it trades higher today than yesterday.
As stock pickers, that is the only thing that matters.
Yet many investors assume that a great company must be a great stock. Nothing is further from the truth. So many incredible companies deliver mediocre returns, and often for very valid reasons. But we need to understand the market to understand this fact.
The market cares about one thing only: safe and growing future cash generation.
Everything else is noise.
That is why so many outstanding companies underperform; not because they are bad businesses, but because they are not accelerating, not expanding margins, not safely compounding cash.
The market rewards companies whose future cash flows are secure and/or growing rapidly. Those are great stocks.
For all the $PYPL, $NVO, $HIMS & so many others, please understand: the market will rewards growth acceleration, safe compounding and expanding margins.
If your stock has none of those with no data pointing to it happening... It isn't a great stock.
But it can be a great company.
tweet
You will always underperform if you judge a stock the same way you judge a company.
They are fundamentally different, and far too many investors fail to understand this.
A company’s “greatness” is defined by many factors. Longevity, cash flow, employees, compensation, importance, by the added value of its product or service... At that point, greatness is almost subjective, more opinion than fact.
But a great stock has only one criteria: that it trades higher today than yesterday.
As stock pickers, that is the only thing that matters.
Yet many investors assume that a great company must be a great stock. Nothing is further from the truth. So many incredible companies deliver mediocre returns, and often for very valid reasons. But we need to understand the market to understand this fact.
The market cares about one thing only: safe and growing future cash generation.
Everything else is noise.
That is why so many outstanding companies underperform; not because they are bad businesses, but because they are not accelerating, not expanding margins, not safely compounding cash.
The market rewards companies whose future cash flows are secure and/or growing rapidly. Those are great stocks.
For all the $PYPL, $NVO, $HIMS & so many others, please understand: the market will rewards growth acceleration, safe compounding and expanding margins.
If your stock has none of those with no data pointing to it happening... It isn't a great stock.
But it can be a great company.
tweet
Offshore
Photo
The Few Bets That Matter
This depicts a potential situation which everyone should fear.
As investors, this is what will make us filthy rich. https://t.co/VsbrpOXccS
tweet
This depicts a potential situation which everyone should fear.
As investors, this is what will make us filthy rich. https://t.co/VsbrpOXccS
tweet