ROA Capital

Public Equities

[ROA Capital @ROACapital]

@LukeWolgram That’s honestly more impressive than a 46x return. Because he was actually trying.

[ROA Capital @ROACapital]

@ContrarianCurse Similar to Druck’s story from the beginning of his career

[ROA Capital @ROACapital]

@TheLAPurchaser Have built stuff around insider buys and management change flagging. The rest (pulling Ks/Qs, sellside) is really just rebuilding alpha sense but with worse UI and flexibility. I’m also not confident on Claude pulling fundamentals for analysis.

[ROA Capital @ROACapital]

@LongVollllll DMs closed

[ROA Capital @ROACapital]

@FundamentEdge @agent_investr Does the perplexity finance data make this sort of analysis more accurate or executable on perplexity computer vs just Claude cowork?

[ROA Capital @ROACapital]

@TheLAPurchaser

[ROA Capital @ROACapital]

@TheLAPurchaser What do you think about their position in mapping. Seems to be a pain point and soon will have abt with a full suite offering.

[ROA Capital @ROACapital]

@ComebackCap Do you think Motorola can compete with AXONs ecosystem?

[ROA Capital @ROACapital]

@LukeWolgram

[ROA Capital @ROACapital]

Appreciate the thoughts! Already setting up a notion to try and create some sense of org.. I think there’s so much you want to do that you can drown yourself before you’ve even had a chance to learn to swim (to your point on just learn to execute on the fundamentals reports/notes).

[ROA Capital @ROACapital]

@atelicinvest Currently reverting back to that original game plan. Appreciate the wisdom.

[ROA Capital @ROACapital]

The main goal here is to take advantage of the flatter learning curve with coding now and to build up the high level knowledge to be able to use AI coding even more effectively as that ramps (I want to atleast be able to design the house even if I can’t build it myself). Additionally, too far in the weeds and I’ll destroy more value than create by overly optimizing, so if I can just learn enough to make some helpful tools for myself I’ll probably leave a lot of pythons potential value on the table. But I’ll have avoided time/attention suck of trying to build something novel.

[ROA Capital @ROACapital]

@atelicinvest I'm learning this the hard way. Tried attempting a project with almost no knowledge and gpt 4o has me running in circles.

Need to define a simple as possible project first to get an early win.

[ROA Capital @ROACapital]

@kevg1412 @kevg1412 do you mind sharing the password for note taking?

[ROA Capital @ROACapital]

@everyonehatesp1 @joinyellowbrick @Mike10947310 @SFarringtonBKC @pernasresearch Interested in this as well

[Short Kings Capital @ShortKingsCap]

$GO posted a rotten quarter as expected, and the stock is down big as the unit growth story cracks further. However, there are still elements to the short thesis that are underappreciated:

1) Regional competition: East coast competition for closeout grocery is way more intense than on the west coast and GO has only alluded to the sales impact of this.

2) ERP transition is old news: ERP transition created a critical failure for purchasing in '23. Most of that is in the past, but they keep bringing it up to cover up.

3) Spoiler Alert: Nail in the coffin for gross margins on closeouts going forward. Nobody's talking about this. Google it.

Wishing Jason the best of luck.

[ROA Capital @ROACapital]

@atelicinvest @TechFundies Not exactly what you’re looking for, but it’s the right direction.

[Radnor Capital @RadnorCapital]

A few thoughts on my evolution as an investor that I hope will be helpful to young people on this platform (quoted post is related and may also be of interest)…

When I started in the industry, I knew nothing and the ideas I understood were the simple ones. Investing felt easy because I didn’t know what I didn’t know (and stocks were going up).

After a couple of years, I continued to learn and get further into the weeds. I started to realize everything I didn’t know, and this was intimidating. I knew the details but struggled to zoom out and consolidate thoughts into a simple thesis. A lot of noise, without much signal.

The latest stage of my evolution has been embracing all that I don’t know and using that to fuel my obsessive curiosity. It’s also been learning to get into the weeds, understanding the important details, while also being able to zoom out and articulate the key drivers. One question I try to ask myself after going into the weeds is: “what does this business do well?” Simple, but powerful. There are a few important drivers of each investment decision, and the rest is often unnecessary detail. This doesn't mean you shouldn't understand the details (you should), it just means its not all critical to your investment decision. This is separating signal from noise.

To be clear, I’m wrong all the time, and the evolution is ongoing (this is the fun part), but I try to learn from each mistake the best I can. As @bgurley once said: good judgement comes from experience, which comes from bad judgement.

I'd like to think there is no substitute for experience in this evolution. Be patient.