Author: evencio.alvarez14@gmail.com
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The Volatility Machine
***The following is an excerpt from a report sent out to Collective members over the weekend*** As for what I think now, I believe that the health, economic, and market impact of the coronavirus will be much greater than most people are now conveying. For example, the profit losses for businesses are likely to be…
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Monday Dirty Dozen [CHART PACK]
[The] principal characteristic of a bear market is very sharp down movements followed by quick retracements… In a bear market, you have to use sharp countertrend rallies to enter positions. ~ Bruce Kovner Click here to get the Dirty Dozen straight to your inbox every Monday morning Good morning!In this week’s Dirty Dozen [CHART PACK]…
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Episode 17: The Power of Owner Operators with Chris Mayer, Woodlock House Family Capital
Chris Mayer is an author and fund manager. He’s written three books and in 2018, started managing Woodlock House Family Capital.Many investors have heard of Chris’ name from his (now cult-following phenomenon) book, 100-Baggers. In that book, Chris dives into common characteristics of companies that returned 100-to-1 for their investors. Some of those characteristics include:…
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Lessons From 11 Years of Operating: Mestek, Inc. (MCCK)
A few months ago, I shared a longer-form essay on Bowl America’s CEO Annual Shareholder Letters. Those letters (twenty-four in total), told the story of owner-operator Leslie Goldberg. Goldberg won’t win any 100-bagger awards, nor will his name appear on any Forbes 500 list. Yet the man excelled at his job. He stewarded a company,…
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Coronavirus Cheat Sheet
Updated: April 8, 2020In light of the many disparate and conflicting opinions out there, especially on the Twitters… I thought I’d put together a comprehensive coronavirus cheat sheet with the key numbers, best resources, and info that I’ll update regularly. What it is: The virus is a respiratory disease caused by a novel (new) coronavirus which…
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Two Great Blog Posts, Venture Capital Failures & Spin-off Ideas
Has the bleeding stopped? No. Not even close.Yesterday, the Dow Jones Industrial Average (DJI) dropped over 10%. Over the last four weeks the DJI lost 30% of its value. Think about that. In one month the DJI dropped 30%. That’s one of the fastest declines in the history of the stock market.There will be textbooks…
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Your Tuesday Dirty Dozen [CHART PACK]
An old-fashioned bear doesn’t stab you with a sword, as in the crash of 1987 and the mini-crash of 1989. It nicks you with a thousand cuts. ~ John Dorfman Good morning!In this week’s Dirty Dozen [CHART PACK] we look at bear market stats, recessions, panic insurance buying, credit cascades and more. Let’s dive in……
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Whistling Past The Graveyard
When asked what he does differently than other traders, Bruce Kovner responded with (emphasis by me). I’m not sure one can really define why some traders make it, while others do not. For myself, I can think of two important elements. First, I have the ability to imagine configurations of the world different from today…