Recorded the audible version!
God bless Carl and John the two audio directors for listening/coaching me through it for three days.
You can preorder here https://t.co/VMuOEffOIA
The best time to buy great microcaps is before discovery.
When you buy before the initial discovery move it’s just you and few others that are still living in their parent’s basement 😂. The other shareholders probably don’t even understand what they own.
It's funny how baseball players have an eye for certain pitchers. Even great pitchers have a few batters that always give them trouble. Chipper Jones career batting average against Randy Johnson was .361.
It's the same with investing. Everyone's fat pitch is a little different.
The larger a position becomes the louder your emotions become. Each stock picker is different. Stock picking is a game of not letting your emotions get in the way of what needs to be done.
Congrats to the team at $KLNG. A great accomplishment given this nanocap company is servicing offshore customers in multiple basins (GoA, Brazil. West Africa). They operate in the fastest growing segment of offshore (subsea tiebacks).
Disc: Long and wrong a lot
During earnings season I track a list of serial losers that have disappointed for several quarters in a row. Out of this list are always a handful of what I call "unsurprising surprise beats" where eventually they have an easy comp.😂
This past week I wrote about a great conversation that took place between Jesse Livermore and Edward Bradley.
When the Greatest Stock Speculator Met the Greatest Gambler
I first met John Swallow of $IDR in 2005 when he was building another public company. Both of his sons were young children. I’ve now attended both of their weddings. Hard to put into words how fulfilling it has been on an investment and personal level.