Hey....guess what....the easy money has been made.

share a piece of investing lore about yourself

My best ‘investment’ ever and only 100-bagger was speculating on counter-strike cases. 16 year old me bought ~1000 at $0.05 per case, now they each are $7. Selling after the next 100x.

John_Hempton ActuallyFin Clifford Asness Skanda Amarnath Nate Geraci Michael Antonelli Cullen Roche Lawrence McDonald Donald J. Trump Corey Hoffstein 🏴‍☠️ Maine.com d-spike capital Boring_Business Benn Eifert 🥷🏴‍☠️ David Foulke Logan Mohtashami Ween scuttleblurb Kyla Scanlon Quiet Prosperity J.C. Parets Joe Weisenthal FinTwit Anons Justin Bob Seawright Incredible work HT Mike Donnelly

“Don’t worry, a dropdown can’t call you broke” the dropdown:

Wuz up mfers?

Mark McGrath The best way to underperform is to be a value investor on a momentum time frame and vice versa. H/t Clifford Asness

One of my favorite charts: Index levels at different earnings multiples for S&P 500 (large cap, top), S&P 400 (mid cap, middle) and S&P 600 (small cap, bottom). S&P 500 (large cap, top) above 22x is more expensive than it was in 2021 at its peak. S&P 400 (mid cap, middle)

Great chart. Junk rally in small-caps. Hard for SCV funds that screen for profitability such as AVUV.

I am trying understand the ability of managed futures funds to gain commodity exposures. Corey Hoffstein 🏴‍☠️ Return Stacked® Portfolio Solutions Are ETFs able to get the same exposure as mutual funds or are they more restricted? Would appreciate any pointers to good resources! Below is my understanding:

Everyone is asking if they should pile into gold, but no one is asking if they should pile into international small cap value stocks. Sad.

S&P - all time highs Gold - all time highs Silver - all time highs Mag 7 - oh god all time highs Bitcoin - same US home prices - record levels I don’t know what to invest in anymore.

Small-cap value. Then you don’t have to worry about being anywhere close to all time highs.

Depends also on Free Cashflow. Many good US stocks "hide" behind negative EPS. Here the backtests of the four R2000 quadrants: Pos. EPS + Pos. FCF: 10.4% ~900 stocks Neg. EPS + Pos. FCF: 10.9% ~300 st. Pos. EPS + Neg. FCF: 6.7% ~200 st. Neg. EPS + Neg. FCF: -0.8% ~500 st.

MARKET OVERVALUATION I think it is very difficult to identify when the market is overvalued, even with hindsight, let alone ex ante. When people say the market is overvalued, I usually ask them two questions. First: What is the long-term expected buy-and-hold return of the

Lol $MSTR

I’m on my third or fourth re-listen of every Resolve Riff’s with Chris Schindler. He needs to come back on, the interviews were absolutely incredible!!