What are you buying today?

[Blake Hampton]

1 hour ago, Marco Van Basten said:

If you have not read it, I would suggest Common Stocks and Uncommon profits by Phil Fisher, and then a few books on accounting fraud - Thorton o'glove is one author, Abe Briloff is another (more debits than credits, etc,,).  Also, read Nick Sleep's letters.  

I've already read it and it's sitting on my desk right now.

[Blake Hampton]

I've already read three of those books I listed. The Intelligent Investor is just another edition, The Outsiders I listened to an audiobook, and Where are The Customer's Yachts I was dumb enough to give to Goodwill.

 

I'm keeping these books forever.

[Blake Hampton]

1 hour ago, gfp said:

Now you're talking!  Maybe these books will get you off the sidelines into some actual long term investments! Outsiders alone could fix what's wrong.  

 

That book is indeed incredible.

All corporate executives should be sent off somewhere where they're forced to read it. The concepts in that book aren't that complicated, but seemingly very few managers follow them. One of the primary things I've learned over the years is that most managers aren't worth a damn, yet most of them compensate themselves like there's no one better. It's something that makes me quite angry actually; I sort of equate it with theft but on a large scale.

 

Edited June 24, 2025 by Blake Hampton

[This2ShallPass]

5 hours ago, Blake Hampton said:

All corporate executives should be sent off somewhere where they're forced to read it. The concepts in that book aren't that complicated, but seemingly very few managers follow them.

Yes, it's amazing how few actually follow these. Most CEOs buyback stock irrespective of price like they're braindead. Before we say a management team is great (hello JOE), we should probably look at how they allocate capital. Today, CEOs get good grades if they run their core business well (which is important but not sufficient imo).

 

[thowed]

Blake - if you haven't read it I'd recommend all the Adam Smith books, starting with the Money Game - wise and funny.

[Spekulatius]

Thinking fast and slow from Kahnemann is a book about behavioral science but very applicable for investing and one of the best book I have read the last 10 years.

Edited June 25, 2025 by Spekulatius

[longlake95]

GIL

[dipod]

NVO

[WFF]

Added to NVO too.  

[Grafter]

A bunch of amrz 

[sleepydragon]

ASML, TSM, UBER, AMRZ, MCO 

[Lance]

BSM

 

Thanks

Lance

[Longnose]

GOOG

[sleepydragon]

Hood, coin, meta

[Junior R]

1 hour ago, sleepydragon said:

Hood, coin, meta

Imagine if Hood can expand to other countries 

[Malmqky]

Finished reading up on Amrize, which inspired me to revisit Monarch. Ended up buying some MCEM but no ARMZ.

[lnofeisone]

Lulu pants, Lulu starter. 

[Lance]

LB

 

Thanks

Lance

[Marco Van Basten]

11 hours ago, Lance said:

LB

 

Thanks

Lance

I would be really careful with this one, short interest = 17% of s/o.  Do you know what the short thesis is?  Historically highly shorted shares do poorly.  

[Spekulatius]

Bought some AMRZ like many other here. I also added a bit of HCC. Starter in BAH.

[Hektor]

13 minutes ago, Spekulatius said:

Bought some AMRZ like many other here. I also added a bit of HCC. Starter in BAH.

Why BAH at this price?

 

BTW, came across this on WSJ

 

https://www.wsj.com/podcasts/wsj-the-future-of-everything/booz-allen-ceo-on-silicon-valleys-turn-to-defense-tech-we-need-everybody/9FB081A8-D126-43F8-8A58-F87396CCA1F7

[Spekulatius]

6 hours ago, Hektor said:

Why BAH at this price?

 

BTW, came across this on WSJ

 

https://www.wsj.com/podcasts/wsj-the-future-of-everything/booz-allen-ceo-on-silicon-valleys-turn-to-defense-tech-we-need-everybody/9FB081A8-D126-43F8-8A58-F87396CCA1F7

I like BAH because they are best of breed together with CACI. This year and potentially next year are going to be relatively weak, but I think at a timespan exceeding 2 years this will look quite cheap.

[sleepydragon]

15 hours ago, Spekulatius said:

I like BAH because they are best of breed together with CACI. This year and potentially next year are going to be relatively weak, but I think at a timespan exceeding 2 years this will look quite cheap.

Did you check out the short thesis on VIC?

I sold put on CACI but I didn't buy the stock because there's some talks about how people hate working at CACI -- but less so at BAH. 

[Spekulatius]

34 minutes ago, sleepydragon said:

Did you check out the short thesis on VIC?

I sold put on CACI but I didn't buy the stock because there's some talks about how people hate working at CACI -- but less so at BAH. 

Yes, I did. The short thesis is based on DOGE and that so far has been far overblown. 
 

I also traded CACI and made money on that one. I still have my CACI shares in my taxable account.

Edited June 28, 2025 by Spekulatius

[Hektor]

11 hours ago, Spekulatius said:

The short thesis is based on DOGE and that so far has been far overblown.

Thanks for the response @Spekulatius. How would one assess if/when the bleeding from doge has ceased?