On the way up, they are investors. On the way down, they become economists.

Value guys when someone criticises Buffett

The American mind cannot comprehend this $GRG

One day you're young, supple, and carefree and the next you're in a work call telling someone “there’s a lot to unpack here” and that you will “circle back on this”.

This is tragic. Uses savings and credit cards to scrape together $250k and ploughs it into a sh*tcoin. Once had a liquid value of $3m and now worth $50k because he refused to say “I got lucky” and take profit. Apparently pinning hopes on Doge becoming the currency of X.

Looking to crowdsource some interesting answers to this question. Why do you buy individual stocks instead of buying the market and going to the beach?

The underperforming stocks I just sold waiting for the exact moment that I sell my last share

This truly is an incredible chart; showing the lifetime of $PYPL as a public entity. In the 8 years it's been public, it's generated a 5.6% CAGR vs the S&P 500's 11.1%.

Part of the reason I love the stock market is that 31 years ago someone could have just literally thought to themself "I like this coffee chain", chucked five grand into $SBUX and forgot about it. They would have earned a 20.5% CAGR and turned $5k into more than $1.71 million.

This is partly instinct, some skill, mostly luck. Not repeatable, nor a good strategy. Perhaps a coffee nerd caught onto Starbucks early. I find it cool that a noob with minimal insight & some ignorance to forget about their portfolio can pull off life-changing investments...

... while fund managers sweat out quarterly earnings calls and rotate their exposure like a hibachi chef with a nervous disposition. Ordinary people who invest in ordinary businesses and don’t have a fetish for inhaling financial news can do well too. That is cool.

New “go broke” speedrun just dropped

Holding consumer discretionary stocks into earnings

I don’t make a lot from Twitter ad share but Mr Musk has paid for like 10 burritos for me so far $MEX

Babe, wake up, new Mauboussin paper just dropped. morganstanley.com/im/publication…

$SPY Did you know that the fate of the world's oldest and largest ETF relies on the lifespan of eleven ordinary millennials? Launched in January 1993, SPY was the first ETF listed in the US and has since become the world’s largest; amassing $400 billion in AUM. Story time.

12/ By the time the end eventually draws near, the likelihood is that there will be some form of transition process set in motion several years, or decades, in advance. It could be that a second version of SPY is created and assets are gradually migrated over time.

13/ Lord knows what the world is going to look like another hundred years from now. ETFs might no no longer be prevalent, and this whole thing ends up being a moot point.