mike s

[Sidecar Investor @sidecarcap]

My stomach dropped when Will Thorndike published The Outsiders.

I thought the arbitrage from partnering with exceptional operators would disappear.

But it hasn’t.

Institutional investors face constraints and behavioral expectations that make a Sidecar-like strategy impossible to adopt.

And most individual investors aren’t comfortable with the level of delegation required. There’s a deep desire to predict the future that’s challenging to overcome.

Thankfully, it will always be this way.

[Dhaval (Investment Books) @InvestmentBook1]

Free Download: Joel Greenblatt Columbia Class Notes (300+ Pages)

https://t.co/NrTcaH3Mp0

[Daniel Mahncke @MnkeDaniel]

You can find a free PDF of Bruce Greenwald’s Class Notes here.

I highly recommend reading them!
👇🏼

https://t.co/ypNv9QfsmH

[Manchurius Hao — Greeks.live首席赌狗 @AntonLaVay]

我跟你们说，美股这玩意儿，就真的是特简单，你就找这最热门行业中的的股票中，远期期权OI疯狂增加，远期IV开始上扬，LEAPS被明显扫货的公司。

老登股什么玩意儿跟你说稳健的直接隐藏。

然后跟单就这么简单，美股讲究的就是一个跟单，倍儿地道。

一定要关注LEAPS，那些13F大佬建仓全是LEAPS，短期期权韭菜的噪音太大了。

我几乎可以肯定 $nok 当下正在被13F大佬疯狂建仓，因为如果我们看到一份13F，反推他们是什么时候建仓的也是看OI的，

记住，小成交量可以被刷成大成交量，但是大成交量不能被伪装成小成交量，难以隐藏自身，因为OI在增加，IV在上扬。

凡是接触，必留痕迹。

我应该是当时最早发现 $nok LEAPS在被疯狂建仓的。

[Dhaval (Investment Books) @InvestmentBook1]

David Swensen managed Yale's endowment for 36 year

He turned $1B into $40B

16.1% annualized returns over 20 years — no other endowment came close

He also left behind a reading list that explains exactly how he thought about money🧵

[Noah Kagan @noahkagan]

I have a friend with a $50M stock portfolio.

I’m jealous of him. We’ve had roughly the same time horizon. He put his energy into picking stocks, I put mine into AppSumo and indexing on the side. His returns have absolutely crushed mine. Not even close.

And every time we talk about it, the same thing happens. I get this itch. Maybe I should make some trades. Maybe I should pick a few names and try to catch up. Nothing crazy, just some moves to juice my returns.

Then I actually asked him how he does it.

• He calls employees of the companies he’s looking at.
• He sits through earnings calls.
• He uses the products at a depth most people never bother with.

It’s not “read a Substack and buy the ticker.” It’s a job he treats like a job.

That’s when it clicked. He’s a professional. I’m a hobbyist.

And the reason my hobby trades would lose to his professional ones isn’t IQ or luck. It’s reps and time. He’s putting in the work I’m not putting in.

The same is true in reverse. He could spend a year trying to compete with what we’ve built at AppSumo and he’d likely lose. Not because he’s not smart. Because I’ve spent 15 years in this seat and he hasn’t.

The lesson I keep coming back to: everyone has some alpha. A thing where they’ve actually earned the edge. The trap is when you start looking sideways at someone else’s alpha and try to half-ass your way into it. That’s not investing. That’s distraction.

You can be a professional stock picker and still suck. You can be a professional founder and still fail. But you have zero shot as a hobbyist trying to beat a professional at their own game.

If you’re not the professional, hire one. Or just ask the people who are. Most of them will tell you exactly what they’re doing if you actually ask. Copy from the best instead of guessing on your own.

So I’m back to indexing and chilling on the stock side. And spending the real reps where I actually have alpha. Running AppSumo.

[Hispanic Nomad | Remote Work, Travel, Growth @hispanicnomad]

To be a Latin American you just need the right mental disorder:

• Mexican 🇲🇽 - ADHD
• Brazilian 🇧🇷 - Manic Episode
• Argentine 🇦🇷 - Narcissistic Personality Disorder
• Colombian 🇨🇴 - Resilient Paranoia
• Venezuelan 🇻🇪 - Delusional Optimism
• Chilean 🇨🇱 - High-Functioning Anxiety
• Peruvian 🇵🇪 - Ancestral Melancholia
• Ecuadorian 🇪🇨 - Volcano Syndrome (dormant rage)
• Bolivian 🇧🇴 - Altitude-Induced Grandiosity
• Uruguayan 🇺🇾 - Passive-Aggressive Calm
• Paraguayan 🇵🇾 - Younger Sibling Syndrome
• Cuban 🇨🇺 - Tropical Stockholm Syndrome

[Steph Speaks @stephspeaks8]

Italian women are the best 🌶️

[Gustavo (Mexican Investor) @InvestorMexican]

It was a pleasure to answer Jabaim's questions! The topics were very varied

🇲🇽 Growing up in Mexico, a country with almost no investing culture
📉 Real mistakes (including a -45% drop and selling a 5x too early)
📊 My full process: from idea → research → position sizing → sell rules

If you want to understand the mindset behind my decisions, I think you’ll find it useful

[Path of Men @PathOfMen_]

If you casually flirt with every woman you meet and greet random guys with a “what’s up bro” energy, you'll go far in life. Everyone’s just a kid in an adult body. They want complements and connection. Be that guy and you’ll never be lonely or broke.

[FortWorthPlayboy @FWPlayboy]

Never forget the weird Roosh V you know now.
Was at one time a first class, globe trotting, Persian, pussy plunderer, dolling out real world, easy to apply, actionable get laid advice.

[BOSS @thebeautyofsaas]

this is exactly why the first thing you should do every morning after you wake up is to tell yourself how lucky you are to live the life you live

that your day will be full of wins, and everything will work out in your favor

that simple act is all it takes to witness magic

[Paul, not a CFA @Investmentideen]

1/ Over the last 10+ years, I've read hundreds of scripts, investor letters, and books on value investing.

This is a thread on how you can speed up your learning process and how I would start over again if I would have to start from zero .

A thread ⬇️

[Delicious Tacos @Delicious_Tacos]

If you’re a single man, go to single man destinations now (unstable military junta/ no helmet no problem places)

Do the tourist places when coupled up

[Clark Square Capital @ClarkSquareCap]

I had Claude read Greenblatt's class notes and summarize them into one line:

"Look where structural forces make people sell or ignore something, value it pre-tax on EV/EBIT and ROIC with normalized earnings, compare to the risk-free rate, demand a margin of safety, size up the insiders' incentives, and hold concentrated positions for 2-3 years."

[Z @ZeeContrarian1]

Usually once or twice a year, when the $VIX spikes to extremes, I tell my followers on instagram-regular people that usually sit on cash with no market knowledge to start buying.

I did it during COVID. I did it again when the market dropped ~15% on tariffs. This year, by luck, I nailed the exact bottom. I don’t always catch it perfectly, but I’m usually close enough.

To simplify things (so they don’t need me), I built a simple framework:

If the $VIX is above 30 and the market is down more than 8%, invest 50%-then scale in until fully invested.

I’ve attached a simple table below that shows if you have $10,000 in cash exactly how much to add at each step-so anyone can follow it without overthinking.

[Floebertus @Floebertus]

Returns of 17 consecutive positive quarters of small cap investing:

26Q1: +9%
2025: +123%
2024: +27%
2023: +42%
2022: +66%

A new update shares thoughts on the current market, the full portfolio with detailed changes and rationale.

[🇵🇸 @hitsquadbaby]

people don't understand the ways claude code has changed my life man

[spoof @pnlcorrect]

allocated everything to the pros
end of an era
quit while ahead

[The Icahnist @TheIcahnist]

One of the best books on dealmakers.

They don’t make them like this anymore.