Tiho Brkan
@TihoBrkan
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HNWI multi-family office focused on high-quality assets at attractive valuations (public businesses, luxury real estate development and alternative lending).
Aussie around the 🌏
Joined August 2015
Novo Nordisk's stock price is down two-thirds since its peak last summer. The number of shares traded in the $NVO US-listed stock is approaching 200 million this week (and it's only Thursday morning... still two full trading days to go). This dwarfs the panic of 2009 at the end
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That men do not learn very much from the lessons of history is the most important of all the lessons that history has to teach. — Aldous Huxley
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Market participants are either not aware or frequently forgetful of the distinction in volatility between corporate earnings (much less volatile) and stock prices (much more volatile).
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Don’t people understand just how fallacious these quotes are? 😂 The first 10% of results are the hardest and take the most time, effort and energy for a reason. That’s the whole point of non-linearity, power laws, and compound interest.
90% of Warren Buffet's wealth came after the age of 65, per MW
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The risk of being on the research treadmill (constantly deep diving into companies; which is a form of addiction by the way) is sunk cost fallacy and portfolio underperformance. You’re almost forced to put all of those research hours to use, by investing capital behind your hard
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The risk of being on the research treadmill (constantly deep diving into companies; which is a form of addiction by the way) is sunk cost fallacy and portfolio underperformance. You’re almost forced to put all of those research hours to use, by investing capital behind your hard
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We are approaching the 1-year anniversary of "Buy Everything in China". Not many have given David Tepper enough credit for another amazing call. Obviously, as it was such a contrarian call that challenged the status quo of "China is uninvestable". https://t.co/QNpDNulHID
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Experience is a deeply flawed and unreliable teacher. While most people think that an experienced practitioner is the same thing as an expert practitioner, the two can be worlds apart. This is commonly seen in almost any domain, but especially stands out in the finance
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Fantastic stuff!
Coming soon to @KoyfinCharts , we've created summaries for our global library of transcripts, covering all event types (earnings, shareholder days, M&A calls, etc). If applicable, these summaries will pick out all the KPIs and build a trend table.
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It is so difficult to find a perfect opportunity — one that ticks all the boxes and its proposition resembles low risk with high reward. Just because it is painfully difficult does NOT mean we lower our disciplined approach. That lesson was learned the hard way and turned out to
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With patience, even mistakes can be profitable. One of our smaller holdings, which was one of the most hated and ridiculed stocks in recent years, is currently on fire. We hope it can be sold in due time for a tidy profit, thus resulting in both a free and rewarding lesson.
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With patience, even mistakes can be profitable. One of our smaller holdings, which was one of the most hated and ridiculed stocks in recent years, is currently on fire. We hope it can be sold in due time for a tidy profit, thus resulting in both a free and rewarding lesson.
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It is never wise to judge your investing decisions by the price appreciation. Instead, it is far better to judge the decision-making based on the profits (and their quality), as well as by the competitive strategy and whether it continues to improve (widening of the moat).
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Suddenly, everyone is an Oracle owner. The market is full of geniuses. 😂
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Most investors unfortunately do the exact opposite. They are buying the most popular names after the stock has already gone up a great deal. There is a great deal of comfort in this since narratives follows price. The positive newsflow occurs near bull trend peaks, while the
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What will work in the next few years is often not what worked over the last few. This is evidenced by market history. Momentum works until it doesn’t, then capital finds a new home. Forward thinking is about “skating to where the puck is going to be, not where it's been.”
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Probably the most consequential investing quote from a non-investor.
“In individuals, insanity is rare; but in groups, parties, nations and epochs, it is the rule.” — Friedrich Nietzsche
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