Claybrook Capital

Hoping to be an above average investor someday

[Claybrook Capital @MagicCompounds]

@evrgn11112231 @PythiaR This, if done correctly, will be what changes the narrative.

[Claybrook Capital @MagicCompounds]

@rennyzucker @100o111 I can hear it

[Claybrook Capital @MagicCompounds]

@Midnight_Captl Putting out a cloud business is bad. Do you see it as a positive? Why

[Claybrook Capital @MagicCompounds]

Think I’ll monetize $SKM here

[Claybrook Capital @MagicCompounds]

@TaylorStCap Looks bad… but your point stands could be better long term, could get someone who wants to return capital…

[Claybrook Capital @MagicCompounds]

@Divergent7651 Totally agree! I just hadn’t seen you post in a while and thought you were someone else mostly bc of pfp hahaha

[Claybrook Capital @MagicCompounds]

@returnoncap @manofsteel12_11 Can a company do this 30% cheaper? Build out the regulatory and global scope/scale?

[Akshay Jogani @kshayjogani]

Expectations Investing was the one book that flipped valuation for me. Many people build a DCF, land on a number, and fall in love with it. Mauboussin and Rappaport made me do the opposite. Start from the price. Back out what the market is already paying for. Then ask the only question that matters, which is whether those expectations are actually beatable.

Early in my career this rewired how I read a stock. I stopped caring about my own growth assumptions and started interrogating the market's. That one habit carried me through my first few jobs.

I don't always agree with the heavily quantitative house style. But the framework for how to think, and how to read what a price is telling you, has held up across every cycle I've worked through since.

[Claybrook Capital @MagicCompounds]

@gregoryblotnick @piktoggle_ Also need to see what they did before… my guess is investing

[Claybrook Capital @MagicCompounds]

@DWong223443 Ya hard quarter for them so I imagine just redemptions and rebalancing

[Claybrook Capital @MagicCompounds]

$BLND Haveli seems to agree with bull case

[Claybrook Capital @MagicCompounds]

@BillyTheKid_59 $PATH

[Claybrook Capital @MagicCompounds]

@Investor_NICK_ It’s also become more and more of a partisan issue. And you can see the number of people expressing strong opinions (unsolicited) in the survey has grown substantially. Makes me question data quality

[Brett Caughran @FundamentEdge]

As a junior analyst, do not, and I repeat *do not* use AI to write an investment thesis. Particularly if you are using said thesis to try to get a job.

Your job is to use AI to find creative ways to go incredibly deep on the key drivers of a business with AI, then create rigorous due diligence tracking systems for the key drivers. And FOR SURE highlight that work as part of your pitch. You are trying to highlight the tool as something that deepens insight formation on the business and the stock, not something that took a 40 hour process down to 2 hours and produced AI Slop. For so many PMs, this will be an automatic ding.

Create a “pitch pushback” agent to find logical gaps, anticipate questions, and get suggestions on coherent idea flow.

But the final product should be something that is 100% produced by hand.

[Tim Isgro @TimIsgro]

“I really love the humility inherent to this mentality, which is aligned with my increasing belief that ‘I don’t know’ are the three most important words in investing, not ‘margin of safety.’”  - @GavinSBaker

[Claybrook Capital @MagicCompounds]

@valleyinvesting @ContrarianCurse It’s more bullish TL

[Claybrook Capital @MagicCompounds]

https://t.co/yNPKN4lwLg

[Claybrook Capital @MagicCompounds]

Think Friday morning was a great buying oppt on $IFP.TO I initiated a position, and will keep adding if further opportunity presents. Anyone else? Anyone on other side?

[Kevin Gee @kevg1412]

New Mauboussin paper.

https://t.co/WlwWQbGVJ2