J ENZ

[J ENZ @j_enz]

@realroseceline I've always found the best way to deal with confirmation bias of stocks you're invested in is to immediately break down why good news isn't good after all. As with a lot of things, context matters. Rarely in the market do you get offered clean signals. Lovely post!

[J ENZ @j_enz]

@OnwardNavigator @long_equity @BramVGenechten More endemic of boring/quality on 'sale'. Anything that isn't high beta is getting sold off. Spgi, ice, cme. Good time to accumulate.

[J ENZ @j_enz]

@PaulTo100k Is the dotted line your cost basis?

[J ENZ @j_enz]

@invest091 App is a bit of binary bet on if axon works beyond mobile gaming. Copart is a good defensive stock trading at very attractive valuation. Just feel like it won't move until the momentum trade dies down.

[J ENZ @j_enz]

@invest091 $300 CB on Medpace and have been too scared to add to it after the massive run up last year. Will have to assess if the fundamentals have caught up or Mr Market getting too excited.

[J ENZ @j_enz]

@TihoBrkan The best way for an average investor to outperform is for systematic exposure to certain factors. Unfortunately, it takes decades for outperformance to show up across multiple economic cycles. Many simply don't have the patience or behavioural discipline.

[J ENZ @j_enz]

@TidefallCapital More cash coming in soon, going straight into VMS and other quality names

[J ENZ @j_enz]

@noxflux @King20Femi @ReneSellmann Fortune 500 companies like home depot. Enterprises.

[J ENZ @j_enz]

@BourbonCap Meta is a technology company. They will continue to throw money at shit and to reinvest in cutting edge technology wherever it may manifest. You buy Meta for optionality, not for returning capital to shareholders.

[J ENZ @j_enz]

@King20Femi @ReneSellmann The key friction here is monetising and the economics of this. Adobe are already switching from per seat to token usage. The other pain point is the 'good enough' consumer/prosumer market which Adobe is leaning into via a freemium funnel. LLM = Adobe dead is a basic take 2/2

[J ENZ @j_enz]

@King20Femi @ReneSellmann You're missing the point. The need for finite control will never go away no matter if you can prompt even every single pixel. Enterprises have to train on their own images for LLMs due to IP. Adobe is acting as a pass through by integrating frontier models 1/2

[J ENZ @j_enz]

@FindleysFinance This is a common retail investor issue and I am guilty of this. Having a system to average up and average down is an underrated part in stock picking. I could have averaged up Google all the way to 250 when it was trading at low teen PEs.

[J ENZ @j_enz]

@King20Femi @ReneSellmann If you think LLMs can output what enterprises require and what Adobe offers then you need to do a lot more research. Adobe has a lot of problems but this is a surface level take and not the friction the company is facing right now.

[J ENZ @j_enz]

@varuninvesting Any near term catalysts apart from just waiting out the cycle? I've learnt the hard way to consider momentum with some of my stock picks.

[J ENZ @j_enz]

@JE_Investing Redundant overlap. Too many funds and unneeded fees. Can be simplified easily to 2/3 funds.

[J ENZ @j_enz]

@BrownMarubozu Which looks attractive to you at the moment? (You're not allowed to say Fairfax 3 times). Recently opened a position in Kinsale and ofc adding to Fairfax.

[J ENZ @j_enz]

@invest091 Do you optimise your portfolio for a) stocks that correlate to each other b) stocks that correlate to the market? People love talking about individual stocks but there isn't too much on portfolio construction (apart from how many to own).

[J ENZ @j_enz]

@MoS_Investing Do you have a fair value in mind? I've aggressively bought below 2900

[J ENZ @j_enz]

@SmallCapVal @DurableCreators Not for brokers. Trust is a massive factor in non-consumer insurance. If you're a business owner with very niche risks, you won't ever chatgpt your insurance options.