If you go to my LinkedIn page, you'll see that I describe myself thus:
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If you go to my LinkedIn page, you’ll see that I describe myself thus:
Self-Funded Investor & Chief Leisure Officer | Financial Analysis, Startups
What I pretty much do is read lots and lots of corporate documents. I look through the books. Companies have to be transparent about this because that’s the consequence of being listed on the stock market.
Then I look at trends. Specifically, I look at what the Fed says, I look at the bond market, then I look at broad industry trends.
Finally, I trawl through the Internet, look at how people are emotionally feeling—and I look at how the books diverge from sentiment.
Sounds easy. For me, it is. The hard part is believing you’re correct and everyone else is wrong—testing that idea out with actual money.
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If you go to my LinkedIn page, you’ll see that I describe myself thus:
Self-Funded Investor & Chief Leisure Officer | Financial Analysis, Startups
What I pretty much do is read lots and lots of corporate documents. I look through the books. Companies have to be transparent about this because that’s the consequence of being listed on the stock market.
Then I look at trends. Specifically, I look at what the Fed says, I look at the bond market, then I look at broad industry trends.
Finally, I trawl through the Internet, look at how people are emotionally feeling—and I look at how the books diverge from sentiment.
Sounds easy. For me, it is. The hard part is believing you’re correct and everyone else is wrong—testing that idea out with actual money.
@atomicpoet I used to do that to invest around the turn of the century but then trends got really affected by vibes and it just got to be to much hassle.
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@atomicpoet I used to do that to invest around the turn of the century but then trends got really affected by vibes and it just got to be to much hassle.
Cass M 🇨🇦 :failtusk: :CApride: Oh, but the fun part is when the vibes mismatch with the books.
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Cass M 🇨🇦 :failtusk: :CApride: Oh, but the fun part is when the vibes mismatch with the books.
@atomicpoet I'm sure. I think i just got too jaded with companies like Twitter, Amazon etc being talked up as they seek a path to profit.
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@atomicpoet I'm sure. I think i just got too jaded with companies like Twitter, Amazon etc being talked up as they seek a path to profit.
Cass M 🇨🇦 :failtusk: :CApride: Helps knowing they’re all reading the same damn script. Most of these hype stories just fizzle out.
Nikola. WeWork. Classic cases.
But what gets me are the “boring” companies everyone swears are “dying.” Look at the books—nope, not even close.
GM’s the perfect example. Tesla’s supposed to kill them. Last year GM’s P/E ratio was under 5. They’re earning way more per share than Tesla, even though Tesla’s market cap is way bigger.
What do the Internet investors say? GM’s success is a mirage. Tesla’s gonna wipe out all the others.
Problem is, the sentiment and the numbers? They don’t line up. Not by a long shot.
