The hardest part of investing isn’t finding good ideas – it’s knowing which ones to trust. Here’s a simple mental model I use to filter out the noise – and what gold teaches us about it. A 🧵

Can’t find words for how unbelievable NVIDIA‘s business performance is - quarter after quarter after quarter.

If you needed to pick 10 companies that you must own forever, which ones would you pick?

Good point! Whether or not that's actually true depends on how talented you are, in my view. Keep in mind that most investors underperform the market significantly. They'd likely fare better if they picked a high-quality basket, held onto it, and went to the beach. In a way,

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