formthirteen

Added to FFH.TO (book value growth and multiple expansion?), SPLK (migration of successful business model to a SaaS model will be more than successful?), and SPOT (founder owned, TAM, TAM, TAM?) yesterday. Bought DG (don't bet against the American consumer?) earlier this week.

When the market panics, I panic too. I sold all BABA I had in one portfolio last week, and sold all in the other portfolio yesterday. Planning to average back in at some point via 9988.HK instead of the ADR. Thanks @RetroRanger for posting: https://financialhorse.com/china-tech-crackdown-explained-will-i-buy-chinese-tech-stocks-after-the-plunge/

Yeah, quickfs.net is the first thing I check to see if a company looks like something I would want to own.

This week: BMREBAMR, SFTBY, and SPLK. Starter positions...

The Africrypt heist is considered legal robbery: https://finance.yahoo.com/news/africrypt-bitcoin-disappearance-174636634.html I still think there is a lot of "undiscovered" value in cryptocurrencies. I, for example, assign a value to cryptocurrencies based on "how good are the memes" and "is Vitalik still dancing". BTC (is Mr. Novogratz still bullish?) ETH (is Vitalik still dancing?) DOGE (investors are still celebrating)

I use the Apple Notes app with iCloud syncing between devices. The notes are almost always with me and I can read and update them from anywhere if I find new information. The basic steps in the process I use are: 1. Create "Investing" folder in Notes app 2. Find an interesting stock... 3. Create a new note with title set to "ticker - company name" 4. Add tags below the title to make it easier to search and categorize, for example: 5. Research company... 6. Add notes, screenshots, links, etc. When doing research, repeat steps 5 and 6. ===== PSTH - Pershing Square Tontine Holdings, Ltd. spac, ackman, hold-forever, shitco... Thesis: "Ackman knows a thing or two about investing, or does he?" Bullet points go here: - UMG is a unique asset. - Cash alternative. - Better to buy ODET and/or BOL? Notes, screenshots of articles, links, etc. go here. ===== Plus: - Notes are always with me (in the same way the iPhone camera is always with me and the dslr is somewhere in a closet) - Built-in search - Can easily embed tables, screenshots, change formatting - Can share notes with others Minus: - None that I can think of. Works for me.

More dog money for my 401 (K9): So much wow.

More ALCO yesterday (Thanks Gregmal). More VNT today.

10 years from now you might be as happy as I am today that I sold this 10 years ago.

Yes Feels like I am too diversified and FB is one of my high-conviction ideas that I would be comfortable having a 10% position in, but I'm not there yet.

Adding to FB

More BTI with proceeds from WFC

This was a pretty interesting book: https://www.goodreads.com/book/show/6387532-the-great-influenza The behavior of humans and viruses has not changed since 1918... Here are some random quotes I found interesting: Maybe I should read about a book about the "Wall Street Crash of 1929" next, so I can prepare for the inevitable.

More BABA. Now a full position.

I like https://www.koyfin.com

Sold TPL yesterday. I still like the 70% FCF margins Horizon Kinetics wrote about...

Bought VNT, with the proceeds from selling MIDD, also bought BABA and more BTI earlier this week.

Minor positions in ILMN, TPB, and OACB that I had bought to learn more about stonks. I learned that I like MO, BATS.L, PM, VRTX, BIIB, and cash more.

DFS, SYF, SIMO, and SE. I have paper hands and tendies.

He thinks BYD is at nose-bleed levels but is still holding, if I heard correctly, because of tax considerations and what sounded like a lack of a strategy for when to sell. He likes the business and management.

Exited IAC and BIDU. I don't like timing the market, but when the market gives me +100% returns in less than a year, I take it :-\

Is the music still playing? I almost sold SE this week, but then I checked my notes and the revenue growth and had to postpone the decision...

I like the high-quality portfolio of Triple Frond Partners, Joho Capital, and Altarock Partners. Top holdings BABA, MSFT, TDG, MSFT, GOOGL, CHTR, etc, are all familiar. Joho also owns GPN, LTHM, and EEFT, which I should take some time to learn more about... Maybe someone here knows the quality of these stocks? Here are some other managers that might be of interest: H Partners Miura Global Management Triple Frond Partners Aquamarine Capital Management Pabrai Investment Funds Affinity Asset Advisors Giverny Capital Greenlea Lane Altai Capital Management Dorsey Asset Management Lincoln Capital Swift Run Capital Mittleman Brothers Locust Wood Capital Advisers RV Capital CAS Investment Partners ShawSpring Partners Teton Capital Partners Joho Capital Not all match your criteria...

Tracker positions in FB, ILMN, and TPB. Stocks only go up.

Exited SCHW and KINV-B.ST.