Druv

[Druv @Druv38]

Påminnelse till mig själv:

Du måste inte vara fullinvesterad. Det kommer hela tiden nya lägen. Köp endast när priset vida understiger bolagets värde.

[Druv @Druv38]

@89Olle Ja, jo. Tänkte mer på priset på $1,14 per aktie och "certain contractual rights", och vem motparten kan vara. MGM hade sannolikt behövt flagga.

Kanske inte det viktigaste för caset, men tyckte den var intressant.

[Arrakis Global @ArrakisGlobal]

Life & running capital

@CorneliaLake had a superb discussion of setting up your life for running your own capital.

Prompted some thoughts

[Druv @Druv38]

@dise_tv 38467

[Tim Ferriss @tferriss]

NEW blog post is up!

The Self-Help Trap: What 20+ Years of “Optimizing” Has Taught Me

The older I get, the more I think that self-help can be a trap. Sometimes the cure is worse than the disease. I say this after ~20 years of writing self-help and a lifetime of consuming it.

Spend enough time in the world of “improvement,” and you’ll notice something strange: The people most obsessed with self-help are often the least helped by it. Behind the smiles and motivational quotes, behind closed doors and after a drink or two, the truth is that they’re not able to outsmart their worries.

On one hand, perhaps this unhappiness is precisely what lands one in self-development in the first place, right? I long assumed this about myself, and it’s partially true.

On the other hand, what if self-help itself is actually creating or amplifying unhappiness?

Modern self-help contains an in-built flaw:

To continually improve yourself, you must continually locate the ways you are broken.

Fortunately, there are a few perspective shifts that make all the difference. It took me embarrassingly long to figure them out.

To get started, let’s take a fresh look at an old concept.

See the link below to the full blog post 👇

[Fed @lord_fed]

The results are in. Size does matter.

New post on the psychology of position sizing. Why it matters more than your entry, your thesis, or your stop. Free to read.

https://t.co/V99o36b0SO

[L'il Oaty @Lil__Oaty]

First time doing this. I have a stock write up. Had been researching $SPCB for the last couple of weekends, thought it was pretty interesting, and then the information flow picked up a bit in the last couple weeks and wanted to publish something. Hopefully I do the tagging/linking right, lol
@j16425646
@addictedtostock
@TaylorStCap
@joinyellowbrick

[Z @ZeeContrarian1]

How to Become Stevie Cohen

When I was 23, fresh out of a top university in New York, I interviewed at SAC Capital (later Point72). I remember walking onto the trading floor and seeing Stevie Cohen sitting in the middle-no office, no separation, while traders around him pitched ideas all day.

That’s how trading works. And that’s how you should use X. You don’t need to be an expert in every field-Stevie Cohen isn’t. His edge is wisdom and logic: knowing which ideas make sense.

The key is to surround yourself with people who’ve proven excellence in their fields. Ignore generalists talking biotech or tech. Find true experts, listen carefully, do your own work, and decide. That’s how you become your own Stevie Cohen-at home, with very little capital.

Key Points

•Follow experts, not generalists, people with long, proven track records in their field.
•Treat X like a trading desk: ideas flow in, you don’t accept them blindly.
•Your edge is logic and judgment, not expertise in every domain.
•When an idea appears, slow down: research it, stress-test it, see if it makes sense.
•Ignore noise, hype, and hot takes. Signal comes from excellence over time.

[Druv @Druv38]

@kingdomcapadv What would the short thesis on AKA be?

[Druv @Druv38]

Summerar "veckans" affärer. Planerar att bli mer kortsiktig i mitt handlande p.g.a. att jag ser en stor möjlighet att dra nytta av "spelet" i aktiemarknaden som jag tidigare ignorerat p.g.a. självbild som passiv värdeinvesterare.

[Druv @Druv38]

Det finns kanske något nobelt i att vara värdeinvesterare som köper när priset understiger värdet och sen sitter på händerna, men i slutändan handlar det om att tjäna pengar och där upplever jag att privatinvesterare just nu har en stor edge. Genom att spela spelet på rätt sätt.

[Druv @Druv38]

Möjligt att detta är en toppsignal men det känns som att det just nu bör finnas en möjlighet till rejäl överavkastning genom att utnyttja det casino som aktiemarknaden har blivit. Hedgefonder med en horisont på max ett kvartal, 10%-iga rörelser på rapportdag i många tråkbolag.

[Druv @Druv38]

https://t.co/VrE2U1IhBa

[Druv @Druv38]

Nyårslöften 2026:

Varje dag ska jag
1. Arbeta 3+ timmar fokuserat varav minst 2 med aktier och minst 1 med self-imp. av någit slag
2. Läsa 30+ min av fysisk bok
3. Träna
4. Dricka 2+ liter vatten

Målet är att förbättra min consistency. Bunkring är tillåtet.

[Druv @Druv38]

2020: 219%
2021: 10%
2022: 59%
2023: -4%
2024: 25%
2025: 25%

Skönt med lite jämnhet efter slagigheten under de första 4 åren som heltidsinvesterare. Sitter just nu på ca 50 innehav så sannolikt blir avkastningen inte så extrem åt något håll under 2026 heller. Men vem vet?

[Ben Sasse @BenSasse]

Friends-

This is a tough note to write, but since a bunch of you have started to suspect something, I’ll cut to the chase: Last week I was diagnosed with metastasized, stage-four pancreatic cancer, and am gonna die.

Advanced pancreatic is nasty stuff; it’s a death sentence. But I already had a death sentence before last week too — we all do.

I’m blessed with amazing siblings and half-a-dozen buddies that are genuinely brothers. As one of them put it, “Sure, you’re on the clock, but we’re all on the clock.” Death is a wicked thief, and the bastard pursues us all.

Still, I’ve got less time than I’d prefer. This is hard for someone wired to work and build, but harder still as a husband and a dad. I can’t begin to describe how great my people are. During the past year, as we’d temporarily stepped back from public life and built new family rhythms, Melissa and I have grown even closer — and that on top of three decades of the best friend a man could ever have. Seven months ago, Corrie was commissioned into the Air Force and she’s off at instrument and multi-engine rounds of flight school. Last week, Alex kicked butt graduating from college a semester early even while teaching gen chem, organic, and physics (she’s a freak). This summer, 14-year-old Breck started learning to drive. (Okay, we’ve been driving off-book for six years — but now we’ve got paper to make it street-legal.) I couldn’t be more grateful to constantly get to bear-hug this motley crew of sinners and saints.

There’s not a good time to tell your peeps you’re now marching to the beat of a faster drummer — but the season of advent isn’t the worst. As a Christian, the weeks running up to Christmas are a time to orient our hearts toward the hope of what’s to come.

Not an abstract hope in fanciful human goodness; not hope in vague hallmark-sappy spirituality; not a bootstrapped hope in our own strength (what foolishness is the evaporating-muscle I once prided myself in). Nope — often we lazily say “hope” when what we mean is “optimism.” To be clear, optimism is great, and it’s absolutely necessary, but it’s insufficient. It’s not the kinda thing that holds up when you tell your daughters you’re not going to walk them down the aisle. Nor telling your mom and pops they’re gonna bury their son.

A well-lived life demands more reality — stiffer stuff. That’s why, during advent, even while still walking in darkness, we shout our hope — often properly with a gravelly voice soldiering through tears.

Such is the calling of the pilgrim. Those who know ourselves to need a Physician should dang well look forward to enduring beauty and eventual fulfillment. That is, we hope in a real Deliverer — a rescuing God, born at a real time, in a real place. But the eternal city — with foundations and without cancer — is not yet.

Remembering Isaiah’s prophecies of what’s to come doesn’t dull the pain of current sufferings. But it does put it in eternity’s perspective:
“When we've been there 10,000 years…We've no less days to sing God's praise.”

I’ll have more to say. I’m not going down without a fight. One sub-part of God’s grace is found in the jawdropping advances science has made the past few years in immunotherapy and more. Death and dying aren’t the same — the process of dying is still something to be lived. We’re zealously embracing a lot of gallows humor in our house, and I’ve pledged to do my part to run through the irreverent tape.

But for now, as our family faces the reality of treatments, but more importantly as we celebrate Christmas, we wish you peace: “The people walking in darkness have seen a great light; on those living in the land of deep darkness a light has dawned….For to us a son is given” (Isaiah 9).

With great gratitude, and with gravelly-but-hopeful voices,
Ben — and the Sasses

[Druv @Druv38]

Har lagt alldeles för mycket tid på onödiga saker som dataspel m.m. på senaste tiden men har fortsatt köpa böcker. Högen av böcker jag vill läsa har därför ökat rejält. Tänkte börja beta av dessa innan jag får köpa nya.

Börjar med Dopamine Nation och Digital Minimalism.

[Druv @Druv38]

Skrev ett inlägg på bloggen om min investeringsstil och hur jag ännu inte nått ända fram trots nästan sex års heltidsinvesterande.

[Druv @Druv38]

@JRunestam Frågan är hur han lyckades köpa för det priset. Utanför marknaden?