Category: Research

“Remember this: When you are doing nothing, those speculators who feel they must trade day in and day out, are laying the foundation for your next venture. You will reap benefits from their mistakes. Speculation is far too exciting. Most people who speculate hound the brokerage offices or receive frequent telephone calls, and after the…

“When we work backward from results to figure out why those things happened, we are susceptible to a variety of cognitive traps, like assuming causation when there is only a correlation, or cherry-picking data to confirm the narrative we prefer. We will pound a lot of square pegs into round holes to maintain the illusion…

A glittering resume helps a lot in getting a job, but a majority of the winners I have known have undistinguished pedigrees; brains, guts, drive, and intuition put the points on the board. Performance investing is a numbers game. ~ Barton Biggs, “A Hedge Fund Tale of Reach and Grasp”  Good morning! In this week’s Dirty…

Spawning Companies: What They Are, Why They Matter, And How To Find Them Mohnish Pabrai recently had a chat with Stig Broaderson on The Investor’s Podcast. During the conversation, Mohnish highlighted one of his newest investment frameworks: Spawners. Simply put, a “Spawner” is a company that can create new business segments that have the potential…

04/21/2021: Back Up The Truck On Bullion… On August 9th of last year, I wrote that we should expect a significant correction in gold due to extreme trend deviation and wild speculative positioning. We had taken full profits on our long gold positions just two days earlier and subsequently shorted silver at what ended up…

Remember, you don’t get any money just because you know why the market is going up or down. You only get money if your plan has positioned you to capitalize on the market’s movement, regardless of whether you know why the market is up or down on a particular day. ~ Jim Paul, “What I…

Westwing Group AG (WEW) is a home decor and furniture e-commerce business. The stock has at least 170% upside from the current price and is well-positioned to take share in an industry at the inflection point of its J-Curve adoption cycle.Along with its structural tailwinds, the company is in the process of transforming its inventory…

“Good traders liquidate their positions when they believe they are wrong; great traders reverse their positions when they believe they are wrong.” ~ Jack Schwager Good morning!In this week’s Dirty Dozen [CHART PACK]  we look at the Nikkei coiling, GBTC trading at its largest ever discount to NAV, broader market breadth, hedge funds finally starting…