Monsieur_dee

Doesn't seem like your usual buy?

Quite a good read. Helps take a more 'physical' approach to investing. Many of his methods are similar to 'scuttlebutt' and he pays homage to Phil fisher. He talks a lot about visiting the coffee shops or bars near headquarters. Or getting to know the physical relationships people inside the company have. Or even visiting management headquarters. This would be possible if someone had the money to fly frequently. (I don't). It could be done if I limited myself to local companies. Anybody have any other creative sleuthing or scuttlebutt techniques they would like to share? https://www.amazon.ca › Sleuth-Inv... The Sleuth Investor: Uncover the Best Stocks Before They make Their Move

I appreciate the response. To be honest most of my 'valuation' work has been done seeing what prices other smart people are buying at.. The few times I've strayed from that I've got burnt. Maybe it's best to keep the training wheels on.

I'll have to check again but I thought he divided SG&A & M&A in half... For his Intel example. Considered that was the cost of running the business & rest was for growth. What if the entire industry is non profitable? So you really need to understand the industry to guess the margins? Any books you would recommend?

You hear many prominent investors talk about how gaap accounting doesn't really reflect the true earning power of some businesses. Many growth companies are dumping money back into SG&A or M&A etc. So it's hard to see from the income statement how much of that is required to run the business or how much is being plowed into for growth. Hard to imagine how the margins would look after the company's growth stabilizes. How would you measure return on the money the company is spending to grow when they are not profitable? I know each business is different & there isn't a one size fits all solution. I've recently read Bruce Greenwald new book on value investing & he refers to earning power valuation. I found that confusing. Many questions. Just some stuff I've been thinking about. Any thoughts would be appreciated.

Take a look at revolve if you like the industry. Also more wix

Wix

Bought a starter in wix a few days ago.

Home of the land and free. Not sure how any of this is even legal. Disgusting.

Thank you!

Any reasoning why prosus on the Amsterdam exchange was up 2% & the ADR trading otc were down almost 5%?

I hate being Canadian

Thank you for that perspective. I've only been investing for a few years but if the fed has said interest rates will eventually rise... Isn't that a headwind in itself? A ticking time bomb? Read a quote saying somewhere. It's not a bubble unless it bursts. Thanks.

Orders went through for VZ & HUN

+1 thank you.

Copying Dorsey into SMAR.

Sorry mohnish but that was funny.

If you're Canadian. Toronto public library has access to it. I find it Difficult logging in all the time. But it's free.

When I spoke to them. They said they don't allow any international (outside USA or Canada) trades inside a registered account. Seems like if I want to make an international trade it'll have to be in a non registered account. Thank you.

What account do you hold your international stocks (non US) in? Tfsa? RRSP? I'm with questrade & I don't really want to pay $250 Canadian to buy a Japanese company.

Thank you!

Thank you brother. I appreciate it. I don't like to limit myself to Canada or US but I think sometimes I forget the grass is green on this side as well.

I sold two very large positions that & didn't have the conviction to buy anything else. Maybe should have waited for an opportunity to present itself before selling. Very true about dkam csu investment. & yes I think giving my money to Mark would at least give me 10-15% irr & 'safer' than S&P index. I tried looking at your page. Is this a thread that you started? Thank you everyone.