LanceSanity
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Posts posted by LanceSanity
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Perceptive Advisors has done 30% annually net of fees for about 20 years, with only 2 down years: https://www.institutionalinvestor.com/article/b19hj4gjrwh1x9/The-41-Man
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I think it's a really good bet to put money on Mayweather. Even at 40 years old, Mayweather would school great fighters with no pro boxing experience. McGregor doesn't have the fast twitch muscles to catch Mayweather with good shots. Unless Mayweather boxes with one hand, McGregor has no chance.
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You may also like BML Investment Partners
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Threads like this mean it's time to raise cash and/or hedge.
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My biggest argument against concentrated investing is why not go all the way. If you have three ideas why dilute your best with your second or third best? So here we have it, someone is finally doing that, and amazingly this concept seems to be gaining traction. Buy one stock and buy a put. Sounds perfectly foolproof, nothing can go wrong, losses are protected and gains are ensured. As long as we can all pick the stock that will go up the most each year this strategy is foolproof.
Besides all the things that could go wrong with the one idea, you never know what the market is going to do. What if the market doesn't reward your favorite idea? With a put, I guess you won't lose much, but there are opportunity costs. In a one stock portfolio, you lose a lot of flexibility with portfolio management.
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The only competitive advantage is to be among the lowest cost producers. Check out 'The Contango Story.' The company's success had a lot to do with the incentives.
Thanks, was an interesting read. So is there a living owner operator in the O&G space with a similar success story? (And how much of that was luck when you look at oil & LNG price charts?)
DeeThree has been quite successful. What's interesting is that the CEO is all-in the stock.
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Uccmal why should one invest into an O&G company? There is no competetive advantage, and it looks like there is no permanent low cost operator either.
Is there a way to value an O&G company that is not dependend on the oil price? If not, is not every investment into an O&G company a speculation?
The only competitive advantage is to be among the lowest cost producers. Check out 'The Contango Story.' The company's success had a lot to do with the incentives.
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Macro musings from Robert Reich:
Good economic news: Commodity prices (oil, copper, iron ore, coal) have plummeted 15% since June because buyers aren’t buying -- China’s economy is slowing, Japan is still comatose, and Europe is near recession. Which is good for us in the short term (the typical U.S. household is saving $400 this year on lower gas prices alone).Bad economic news: Because of the global slowdown, America can’t rely on exports to stoke demand. And other than the extra $400, the typical American has less buying power this year than last because paychecks haven’t kept up with inflation. The top 1 percent is getting 95% of all the gains, but nothing is trickling down. Trickle-down economics is a proven fraud.
Bottom line: Buckle your seat belts. The economy remains very fragile.
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Turtle Creek's case study is interesting. They took a 9% per annum stock (assuming buy and hold) and turned it into 70% per annum (by trading in n' out) for 14 years!
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Did anyone catch these Easter Eggs from the final episode? http://www.buzzfeed.com/ryanhatesthis/18-fun-easter-eggs-in-the-breaking-bad-series-finale
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Are you sure? I remember that for Scottrade, even if I make a deposit from my bank, I could immediately use it to buy stocks that are $5 or more, and that is also before the money transfer actually settles.
For stocks, I clearly remember that I don't need to wait. Only for options, if I sell a stock to buy options, I have to wait for a few days because options have shorter settlement period than stock.
Let's think about it this way, if selling a stock and immediately buying a stock in a cash account is generally not allowed, what is the point of SEC Regulation T? That good faith violation would never happen.
You're right. I think I was scared off by the free riding message that shows before using unsettled funds, so I never bothered trying. In that case, I don't know why IB's cash account has a restriction. IB has a separate Reg T margin account.
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http://ibkb.interactivebrokers.com/article/674
I just came across this.
This is a bit weird. I used Scottrade and Fido, and for both cash accounts, I could sell a stock and immediately buy another stock.
Could anyone please confirm that this info in the article is still up to date? It would be awkward to sell a stock and not able to buy another one for 3 days.
I use Scottrade cash account. I need to wait 3 days for it to settle. Margin accounts have cash available on the same day.
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I think I figured it out, but it's too late for us! "Invest" in Mayweather for ~ 40% return in one day :)
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Scottrade has flexible reinvestment. That feature is nice, especially for roth IRA
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I'm looking at CTCH (Commtouch Software). It is a high margin business with little capex needs and 100% recurring revenue. Its core business generates ~ $6m FCF. Using a 10x FCF multiple, the core business is $2.31. The upside opportunity is in its cloud SaaS services. The VIC article has a lot of good details about the business. I still have much more reading to do, but so far, I really like this business.
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Mittleman Brothers. Their annualized performance (net of fees) since 12/31/02 is 22%.
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The full notes are on csinvesting, 2 semesters of his class. He also has the video lectures.
$7,500 into $8 million
in General Discussion
Posted · Edited by LanceSanity
The craziest performance claim I've seen is 892192% in 2020: https://twitter.com/TheShortBear/status/1658506289817825282?s=20