Dead Hand Capital

An investment newsletter dedicated to the forgotten virtues of patience, silence, and rationality in a world addicted to motion. 20 years on Wall Street.

[Dead Hand Capital @deadhandcapital]

There is a kind of man who needs an audience to hold his convictions. Alone, in a quiet room, with no one watching - what do you actually believe?

[Dead Hand Capital @deadhandcapital]

@bpizzlah Your future is bright. Stay the course.

[Dead Hand Capital @deadhandcapital]

@YodaStockInvest Fantastic achievement. Well done!

[Dead Hand Capital @deadhandcapital]

@stevehill1mil “If I were king for a day…”

[Dead Hand Capital @deadhandcapital]

The survivors will always tell you where they were hit. They can never tell you what kills.
Survivorship Bias - published tomorrow.

[Dead Hand Capital @deadhandcapital]

Every bull market produces its own vocabulary for why the old rules no longer apply. The rules are unmoved by the vocabulary.

[Dead Hand Capital @deadhandcapital]

The man with one idea will apply it to everything, and be wrong most of the time without ever knowing it. Carry several. Borrow from biology, from history, from physics, from the long record of human folly. The world is not organised by the boundaries of academic departments, and neither should your thinking be.

[Dead Hand Capital @deadhandcapital]

There is no shame in the too-hard pile. The whole art is knowing the boundary of your own understanding - and then having the discipline to stand quietly on the right side of it while others wander, confidently, off the edge of theirs.

[Dead Hand Capital @deadhandcapital]

Of all the sins available to an investor, envy is the most foolish. It is the only one that offers no pleasure at all - not even a moment’s.

[Dead Hand Capital @deadhandcapital]

Tell me how a man is paid, and I will tell you how he will behave - long before he tells you himself, and with more accuracy than he could manage.

[Dead Hand Capital @deadhandcapital]

The three most useful words in the language, and the hardest for a confident man to say, are: “I don’t know”. The investor who can say them, and mean them, and act accordingly, has already beaten the great mass of people who would rather be ruined than uncertain.

[Dead Hand Capital @deadhandcapital]

https://t.co/UXkAewHkX1

[Dead Hand Capital @deadhandcapital]

“Give me a lever long enough and a fulcrum on which to place it, and I shall move the world.” - Archimedes

Link in the comments ⬇️

[Dead Hand Capital @deadhandcapital]

@Falcon0nX “In bear markets, stocks return to their rightful owners.” - J.P. Morgan

https://t.co/Q6DLd0uxgy

[Dead Hand Capital @deadhandcapital]

@stevehill1mil The plan does not bend because the week was ugly. Keep at it.

[Dead Hand Capital @deadhandcapital]

@Venu_7_ There is a great deal of truth in this statement.

[Dead Hand Capital @deadhandcapital]

@2147mill Wise advice. Index funds should be the gateway drug of choice for new investors.

[Dead Hand Capital @deadhandcapital]

For the dreamers.

[GRITCULT @GRITCULT]

I am addicted to thinking positively, being delusionally optimistic, and psyching myself into unfathomable unreal levels of confidence. Every time I do this I fall deeply, intensely in love with life. And it has worked out extremely well for me. I love everything about my life.

[Dead Hand Capital @deadhandcapital]

@JamieFinance25 You are an excellent example to the young people on this platform. Well done.

[Dead Hand Capital @deadhandcapital]

For the introverts.

[Adam Shuaib @adamshuaib]

People who do exceptional work are often anti-charismatic; they can’t talk to strangers, don’t understand social cues and usually prefer to be alone.

Across 5000+ meetings, we interviewed a CEO who hid in a stairwell for an hour at his own launch party because the chit-chat was unbearable, and a scientist who ate lunch in his car for years rather than in the cafeteria. There was also a senior researcher who took 6 flights of stairs rather than the elevator to avoid conversations with colleagues.

This group spent most of their lives being told to be more friendly or social and more present, but a person that finds small talk difficult usually has a mind that is focused on bigger problems to solve. Society tries so hard to teach brilliant people to be normal that it risks losing the quirks that made them brilliant in the first place.