Has anyone a ChatGPT Pro account and can tell me whether the upgrade from plus was worth the price?

I think conviction is the biggest commodity sold to investors. I see all the time people talking developing conviction which can be extremely dangerous and can totally blind your awareness of the situation/company.

Unemployed Capital Allocator Totally agree. Our substack tracks the returns all of our research Cliff Notes in an Index (currently 114 stocks). We focus on high quality companies, sprinkled with high probability turnarounds. Nano to small caps. Sebastian Mike ToffCap 100Bagger.com have great stacks.

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I don’t know why but it seems to be a universal law that you either find no good ideas at all or 2-3 at the same time.

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95% of the value add of earnings calls is the Q&A. Earnings calls should be: 5-10 minutes of prepared remarks 0 minutes on the financials (we know how to read) 45 minutes of Q&A

I agree and call me crazy but I also actually want to hear how the CEO talks/ response to the questions (tonality, demeanor etc.) Not just read it.

I tend to fall in the "the best opportunities are not screenable" camp — but maybe that is an overstatement. Take $CPH.TO for example, it would have popped up on every "low EV/EBITDA" screen for years and has worked out beautifully.

Brilliant read. For 90% of microcaps time works against you, they are one hit wonders. You can make money with them if you are the first to buy and the first to sell. For the 10% you likely get the chance to buy them after discovery and during their first disappointment.

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Not a good year so far, with -8.5%. Full review here: treasure-hunting.co/p/half-year-20…

Totally agree with David here. I know more investors that have started out very concentrated and have become more diversified over time than vice versa. Also I had experiences were 5% position have turned into big winners — and have outperformed the „high conviction“ bets.

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Substack is already reshaping the investment landscape, particularly in microcaps—and its influence is only growing.

In dem heutigen Podcast sind gleich zwei unserer beliebtesten Gäste dabei: Sebastian und Financial Skeptic. Zusammen diskutieren wir über folgende Themen: •Geduld & Abwägen… open.spotify.com/episode/2uuTge…