
buyhighsellhigher
@ebitdaddy90
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Ex p72/Citadel/GS. Went to a school “in Boston”. Lots of fake copycats of my acct - make sure you follow the real deal.
Joined April 2018
More people should watch this than the 100th video of Buffett or munger
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The only time when it’s acceptable for a grown man to sign off with (he/him).
Just called someone named Leslie. Guy answers. Me: “Sorry, I was trying to reach Leslie, sounds like I have the wrong number”. Him: “No, this is Leslie”. Basically the equivalent of asking a woman when the baby’s due…and she’s not pregnant.
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I once worked for a moron who said to me with a straight face: “never size a position fully on entry because if the stock goes down you won’t be able to use your greatest risk mgmt tool: averaging down”.
I will only say this one more time because I am beating a dead horse. If you are one of the 95% of value investors who exist in the flat-earth society of finance that believes market prices contain zero informational value, you are wrong. Stocks don't go down for no reason.
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The most impressive part of CSU is not just the cagr but the fact that the drawdowns have been so crazy shallow relative to pretty much any other compounder I’ve ever seen.
This chart lives rent free in my head. $CSU has fallen 20% from its highs only five times in its entire history. (h/t @JerryCap for the original chart)
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Flip side of grass is greener fallacy is regret minimization. Grass might be shit brown but atleast I won’t regret looking.
I have seen the “grass is greener” be a pretty big killer of a lot of otherwise talented people in this biz fwiw. Sometimes you need a few scars to appreciate where you’re at. Devil you know is also better than the one you don’t.
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This is a list of greatest hits of loser work I’ve seen underperforming boomers do. Hits too close to home.
I can probably come up with a whole list of 'counter-intuitive ways in which you lose money as an avg active manager" . - Picking stocks.- Doing in depth work on watchlist names.- Doing CEO interviews - esp during "critical moments".- Doing heavy maintenance work.- Using.
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Sadly if you think the CFA is hard you’re dumb, and if you think it’s useful you’re even dumber.
"Casino Capital, former-CFA". Designation expired today, refused to pay the annual dues. But if anyone's thinking of doing CFA, here's my zero-to-hero thread from beginning to end. bloody hard work, but actually a pretty good course. Aside from the learning, I can see why it's.
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