For the long term investor: Avoiding buying into sensationalistic hype & retail mania that’s divorced from fundamental quality is a great way to avoid future blowups. The short squeezes are always seductive… but the subsequent corrections are always breathtaking.

"Most people are too fretful—they worry too much. Success means being very patient, but aggressive when it's time." — Charlie Munger

When you have conviction in an idea, one of the biggest challenges is position size. In other words, you want to own enough, so that if the idea works you make good money, but you don't want to overleverage the position so that a normal pullback shakes you out of the trade. It's

Qullamaggie on Momentum Cycles “Yeah, every sh*t stock is starting to move now. Yeah, that’s how these momentum cycles work. First, you have the leaders going. Then you have the secondary movers. Then you have the third and, you know, the longer the run goes on, the more and

It always looks dumb until it turns.. Reducing downside volatility risk after extended periods of upside deviation from your average growth path is very important. Understand when you parabolic, understand when your portfolio is leveraged, understand when you start to have too

"People who succeed in the stock market also accept periodic losses, setbacks, and unexpected occurrences. Calamitous drops do not scare them out of the game." — Peter Lynch

Charlie Munger literally revealed the secret to winning the game of life:

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