ROIC of Ages

Investment Leader and Christ Follower.

CFA, SDG (Soli Deo Gloria).😊

[ROIC of Ages @ROICofAges]

I have spent three decades heading up investment programs for mission-driven organizations and individuals. Technically, I am a fiduciary. I prefer the term "steward." A fiduciary answers for how; a steward answers for why.

The bible does not address stock picking, but it speaks directly — and seriously — to faithful stewardship. In Jesus' parable of the talents, the master condemns the servant who buried the money in the ground instead of putting it to work.

Investing well isn't a distraction from faithfulness. It's a form of it — when it is done for Him.

[ROIC of Ages @ROICofAges]

@matthew_sigel In their defense, they made no attempt to hide the change and highlighted it in their earnings call.

[ROIC of Ages @ROICofAges]

In investing, risk is always a certainty, while return is a probability. Leverage amplifies what is certain without increasing the probability of return. (Pin that! 🙂)

One of the smartest investors I have ever known blew up his hedge fund in 2007 because of leverage. He thought he was sitting on the trade of a lifetime (when senior bonds were trading at higher yields than subordinated bonds for the same exact credit). He leveraged his fund to the hilt as he kept doubling down on the same trade. What he didn't know is that the whole world had just entered a liquidity crisis. And right there is the issue. There is uncertainty inherent in every trade. If not, all securities would generate Tbill-like returns.

Citadel "rescued" my friend's hedge fund portfolio for pennies on the dollar, just as they did this week for Leopold Aschenbrenner. Sometimes really smart people do really dumb things.

While there are strategies where modest leverage makes sense and can be prudent - for the most part, leverage is essentially greed. Over the long-run, smart and prudent investing will compound into significant wealth and return.

[ROIC of Ages @ROICofAges]

"Whoever loves money never has enough" — Ecclesiastes 5:10 (NIV). The problem isn't the money - it's our level of attachment to it. A disordered appetite scales with whatever you feed it.

At a party hosted by a billionaire on Shelter Island, Kurt Vonnegut told Joseph Heller their host had made more in a day than Heller earned from Catch-22. Heller replied: “I’ve got something he can never have. I’ve got enough.” Jack Bogle liked that story so much he named a book after it.

#Jesus #stocks #Christian #investing #vanguard

[ROIC of Ages @ROICofAges]

Zuck: we are going to spend this kind of money, because everyone else is spending this kind of money, and we’re not going to be outspent - no matter what they are all spending their money on! $META

[ROIC of Ages @ROICofAges]

"The prudent see danger and take refuge, but the simple keep going and pay the penalty." — Proverbs 22:3 (NIV)
Two dangers the market never stops selling: leverage will make you richer faster, and valuation doesn't matter.

Buffett couldn't find a price worth paying in 1969, so he closed his partnership and gave the money back. LTCM ran 25:1 leverage into 1998 and lost $4.6B in four months. The danger was visible both times.

[ROIC of Ages @ROICofAges]

"…whoever gathers money little by little makes it grow." — Proverbs 13:11 (NIV)

Ronald Read pumped gas in Vermont and swept floors at JCPenney. He bought dividend stocks and never sold. He died at 92 with almost $8M, most of it left to his hospital and library.

Reliable wealth-building is mainly the byproduct of patience and compounding.

[ROIC of Ages @ROICofAges]

@tdbryan1987 You're going to need a longer time horizon than 24 hours if you want to remain sane as a $PLTR holder. lol.

[ROIC of Ages @ROICofAges]

@philrosenn Your "bear market" terminology is a bit end point dependent, don't you think?

[ROIC of Ages @ROICofAges]

@realroseceline 100%

[ROIC of Ages @ROICofAges]

@Mindset4Money_X Agree on $DLO and $MELI. The remainder have gotten “cheaper” for a reason.

[ROIC of Ages @ROICofAges]

@Mindset4Money_X Well, most of it is due to significant multiple expansion that began in 2024. Why that happened is beyond me.

[ROIC of Ages @ROICofAges]

@Midnight_Captl But it was an "Expert Call" - lol.

[ROIC of Ages @ROICofAges]

@amitisinvesting

[ROIC of Ages @ROICofAges]

@zerohedge In summary, sell $META, buy $NVDA and $AVGO.