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Ian Cassel Profile
Ian Cassel

@iancassel

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Christian | MicroCap Investor 📈 | Founder @MicroCapClub & CIO @IntelligentCM

Pennsylvania
Joined May 2009
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@iancassel
Ian Cassel
4 months
We are only getting started. Since 2011, our members have profiled 1000 microcap companies, 180 have been acquired, 200+ have been multi-baggers. 87% of all global equities that went up 1000%+ over the last 10 years were microcaps. Let’s find them.
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@iancassel
Ian Cassel
3 years
10% of successful investing is finding a great investment. The other 90% is not selling them.
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@iancassel
Ian Cassel
4 years
The longer I invest the more I realize you get 1-2 really great opportunities every few years. The rest of the time is spent wondering if you will ever get another great opportunity again and convincing yourself to own mediocre opportunities while you wait.
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@iancassel
Ian Cassel
4 years
Why can't wine prices go negative
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@iancassel
Ian Cassel
4 years
“People will go $100,000+ in debt for college but won’t invest $5,000 in a stock because it’s too ‘risky’. " - @SJosephBurns
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@iancassel
Ian Cassel
4 years
Been waiting years to tweet this.. “In bear markets, stocks return to their rightful owners.” - J.P. Morgan
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@iancassel
Ian Cassel
4 years
The longer I invest the more I realize you get 1-2 really great opportunities every few years. The rest of the time is spent wondering if you will ever get another great opportunity again and convincing yourself to own mediocre opportunities while you wait.
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@iancassel
Ian Cassel
3 years
Selling for quick 5-10% gains can give you a good income but holding for 500-1,000%+ gains is how you build wealth.
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@iancassel
Ian Cassel
3 years
In 1948, Ben Graham broke his rules and put 20% of his firms capital to work buying 50% of GEICO. By 1972, it was a 562 bagger, returning more to his partners than all his other investments combined. You only need to find one great company early to change your life.
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@iancassel
Ian Cassel
3 years
The worst part of bull markets is the rise of inexperienced people educating other inexperienced people.
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@iancassel
Ian Cassel
3 years
Bull Market - Financial Independence Bear Market - I love my job
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@iancassel
Ian Cassel
6 years
Sam Walton at age 44 opened his first Wal-Mart. Ray Kroc took over McDonald’s at age 52. Colonel Sanders first franchised his secret recipe, “Kentucky Fried Chicken” at age 62. It’s never too late to get started. Your story isn’t finished yet. Make the next chapter a great one.
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@iancassel
Ian Cassel
4 years
"The best investors in the world have more of an edge in psychology than in finance." - @morganhousel
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@iancassel
Ian Cassel
4 years
Value investing 😂
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@iancassel
Ian Cassel
3 years
A man
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@iancassel
Ian Cassel
3 years
10% of successful stock picking is picking great stocks. The other 90% is not selling them.
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@iancassel
Ian Cassel
3 years
Warren Buffett ran into a 76-year-old man with a 24-year-old wife and asked him how, at his age, he could get such a young, beautiful girl to marry him …. The fellow replied, “I lied about my age … I told her I was 86!” – Berkshire Hathaway annual report. H/T Buzz Heidtke
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@iancassel
Ian Cassel
4 years
“People will go $100,000+ in debt for college but won’t invest $5,000 in a stock because it’s too ‘risky’. 🤷🏻‍♂️” - @SJosephBurns
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@iancassel
Ian Cassel
4 years
Bull Markets - Financial Independence Bear Markets - I love my job 😆🤣
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@iancassel
Ian Cassel
3 years
Don't sell your winners to buy more of your losers.
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@iancassel
Ian Cassel
3 years
“Spending money to show people how much money you have is the fastest way to have less money.” - @morganhousel
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@iancassel
Ian Cassel
3 years
I love this - Druckenmiller on Soros 🔥🔥
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@iancassel
Ian Cassel
4 years
Buffett owned 5-10 stocks at a time, Fisher owned 30, Schloss owned 100, Lynch owned 1,000 stocks at a time. They all beat the market. You don't have to follow anyone. You can do it your own way.
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@iancassel
Ian Cassel
3 years
Investing is 5% intellect and 95% temperament. It's a test of how well you can sit quietly when your emotions are screaming at you to do the wrong thing.
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@iancassel
Ian Cassel
4 years
Selling for quick 5-10% gains can give you a good income but holding for 100-500-1,000%+ gains is how you build wealth.
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@iancassel
Ian Cassel
4 years
"Pessimists sound intelligent. Optimists make money." - @dmuthuk
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@iancassel
Ian Cassel
2 years
“Unless you buy a stock at the exact bottom (which is next to impossible), you will be down at some point after you make every investment. Your success entirely depends on how dispassionate you are towards short term stock price fluctuations.” – Joel Greenblatt
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@iancassel
Ian Cassel
3 years
"Unless you buy a stock at the exact bottom (which is next to impossible), you will be down at some point after you make every investment. Your success entirely depends on how dispassionate you are towards short term stock price fluctuations. Behavior matters." – Joel Greenblatt
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@iancassel
Ian Cassel
3 years
Discipline is when your long-term goals change your short-term behavior.
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@iancassel
Ian Cassel
4 years
A big mistake investors make is feeling they should always be buying/selling something. 99% of successful investing is learning, thinking, and waiting.
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@iancassel
Ian Cassel
4 years
Negativity sounds intelligent. Positivity makes you rich.
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@iancassel
Ian Cassel
1 year
The longer I invest the more I realize you get 1-2 really great opportunities every few years. The rest of the time is spent wondering if you will ever get another great opportunity again and convincing yourself to own mediocre opportunities while you wait.
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@iancassel
Ian Cassel
4 years
What you do over the next few months will likely decide the next 5-10 years of returns. Everyone looks back and wants a shot at buying in 2008-09. You might get it now. Do you have the stomach for it?
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@iancassel
Ian Cassel
4 years
Investing is 5% intellect and 95% temperament. It's a test of how well you can sit quietly when your emotions are screaming at you to do the wrong thing.
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@iancassel
Ian Cassel
3 years
Successful investing is hard work because it means disciplining your mind to do the opposite of human nature. Buying during a panic, selling during euphoria, and holding on when you are bored and crave action.
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@iancassel
Ian Cassel
4 years
Buffett owned 5-10 stocks at a time, Fisher owned 30, Schloss owned 100, Lynch owned 1,000 stocks at a time. They all beat the market. You don't have to follow anyone. You can do it your own way.
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@iancassel
Ian Cassel
3 years
This was a year in the markets when most of us looked smarter than we are
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@iancassel
Ian Cassel
3 years
All it takes is one big winner to change your life. Find it before others, know it better than others, and hold it longer than others. When diligence, skill, and luck collide. One time.
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@iancassel
Ian Cassel
2 years
"You'll never be criticized by someone who is doing more than you. You'll always be criticized by someone doing less. Remember that." - Denzel Washington
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@iancassel
Ian Cassel
3 years
18 years ago - mentor picks me up from airport. We go to a Casino. We play craps, took out a $10k marker. Table was empty. He started winning and the table got full. He looked at me and said, "Whether it's stocks, craps, business, life, people are attracted to winners."
@SJosephBurns
Steve Burns
3 years
What is the best advice your trading mentor ever gave you?
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@iancassel
Ian Cassel
4 years
If you want superior returns, find an inefficient, illiquid, under-appreciated market, and work everyday to be one of the best investors in that market. You can live a comfortable life fishing the same small pond because you know where the fish are.
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@iancassel
Ian Cassel
2 years
Not selling your winners is the hardest part of the game.
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@iancassel
Ian Cassel
3 years
Twitter is great
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@iancassel
Ian Cassel
4 years
Don't take advice from people that aren't happy people.
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@iancassel
Ian Cassel
3 years
Me talking to my daughter - "Daddy will help you." Me talking to my son - "Life is hard. Figure it out boy." 🤷‍♂️😆
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@iancassel
Ian Cassel
3 years
Never take advice from people that aren't happy people.
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@iancassel
Ian Cassel
3 years
Back in 2014 I spoke to a class of undergrads and afterword penned this for a student. Still in my notes.
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@iancassel
Ian Cassel
3 years
We give our children everything we can so they don’t have the hardships that we had and then we complain when they don’t value and appreciate what we appreciate. When in reality it was the scarcity and struggle in our lives that drove us to be who we are today.
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@iancassel
Ian Cassel
3 years
All you need is a few big winners during your lifetime to beat the market. Everyone will say you got lucky, but everyone else didn’t have the courage to find them, buy them, and hold them. In the end luck has very little to do with it.
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@iancassel
Ian Cassel
3 years
Permabears make money from newsletters and speaking fees, not from being right.
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@iancassel
Ian Cassel
3 years
There are a bunch of stocks that will 10x over the next 5 years that are waiting to be found. When you find one they will say you are wrong. When you hold one they will say you are stupid. When you get rich they will say you got lucky. You love being wrong, stupid, and lucky😝
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@iancassel
Ian Cassel
3 years
It's hard to watch other investors make a lot of money on things you don't value. But when someone realizes a big win in the portfolio, congratulate them and help them celebrate their victory. Investing is hard. Your time will come.
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@iancassel
Ian Cassel
3 years
Don't invest where the institutions are, invest where they are going to go.
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@iancassel
Ian Cassel
3 years
A great sign of investment maturity is when you can buy a stock at a higher price that you passed on at a lower price. Sometimes a stock is a better buy at a higher price than it was at a lower price. It needed time to mature and develop from a speculation to an investment.
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@iancassel
Ian Cassel
5 years
You don't need another computer, another screen, a faster internet connection, a stock tip, or anything that replaces thinking. You have all you need between your ears. Develop it.
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@iancassel
Ian Cassel
4 years
Stop trying to pick the bottom. You just have to buy a little as it drops and not worry about looking wrong in the short-term. You’ll be right in the long-term.
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@iancassel
Ian Cassel
3 years
The greatest trick the market plays on beginners is making you think luck is skill. It waits for you to double or triple down on your next bet and then it teaches you your first lesson.
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@iancassel
Ian Cassel
3 years
The longer I invest the more I realize you get 1-2 really great opportunities every few years. The rest of the time is spent wondering if you will ever get another great opportunity again and convincing yourself to own mediocre opportunities while you wait.
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@iancassel
Ian Cassel
4 years
My favorite Charlie Munger quote: “The goal of investment is to find situations where it is safe not to diversify.”
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@iancassel
Ian Cassel
3 years
10% of successful stock picking is picking great stocks. The other 90% is not selling them.
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@iancassel
Ian Cassel
4 years
I recently passed on a stock at $1 but ended up buying it at $10 before it moved to $20. I would have never been able to do that 10 years ago. It takes an incredible amount of discipline and maturity to look at an old idea through fresh eyes, especially after it has risen.
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@iancassel
Ian Cassel
3 years
Your best investments are the ones no one agrees with you on until after they go up 100-200-500%
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@iancassel
Ian Cassel
4 years
Many in finance like to sound smart by making things complex. These people usually work for other people. Successful people simplify things.
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@iancassel
Ian Cassel
3 years
Peter Lynch, One Up On Wall Street
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@iancassel
Ian Cassel
4 years
"It’s very hard to go bankrupt when you don’t have any debt" - Peter Lynch
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@iancassel
Ian Cassel
5 years
The longer I invest the more I realize you get 1-2 really great opportunities every few years. The rest of the time is spent wondering if you will ever get another great opportunity again and convincing yourself to own mediocre opportunities.
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@iancassel
Ian Cassel
4 years
You can borrow someone else’s stock ideas but you can’t borrow their conviction.
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@iancassel
Ian Cassel
3 years
All you need is a few big winners during your lifetime to beat the market. Everyone else will try to undermine you by saying you got lucky. But everyone else didn’t have the courage/discipline to find them, buy them, and hold them. You make the big $$ by focusing and being right.
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@iancassel
Ian Cassel
4 years
Selling for quick 5-10% gains can give you a good income but holding for 100-500-1000%+ gains is how you build wealth.
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@iancassel
Ian Cassel
3 years
Don't be lazy if you invest in small stocks. You can’t say “I’m going to hold this stock for 10+ years”. No, you are going to hold it as long as management executes. This could be 3 months or 30 years. Most companies only deserve to be rented. Ownership is earned.
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@iancassel
Ian Cassel
2 years
Great illustration by @BrianFeroldi
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@iancassel
Ian Cassel
2 years
If you want a stock you own to go down, mention it to a friend or family member 😂
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@iancassel
Ian Cassel
2 years
Twitter is Free! 😆
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@iancassel
Ian Cassel
2 years
You will buy stocks you shouldn’t. You will sell winners too soon. You will hold losers too long. But whatever you do don’t blame others. When you blame others for your investing mistakes it proves you didn’t do enough of your own work. Own your mistakes so you learn from them.
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@iancassel
Ian Cassel
4 years
Stop wasting time watching stocks that go up that you would never buy at any price. As Howard Marks says, “To be a disciplined investor you have to be willing to stand by and watch other people make money on things that you passed on”.
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@iancassel
Ian Cassel
3 years
One of the hardest parts of investing is when you believe in the long-term thesis, but you know the stock might go nowhere for a few quarters while the fundamentals are backfilling into an elevated stock price. Holding dead money is excruciating but necessary for big gains.
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@iancassel
Ian Cassel
4 years
Nothing tests your conviction like falling stock prices.
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@iancassel
Ian Cassel
1 year
All you need is a few big winners during your lifetime to beat the market. Everyone will say you got lucky, but everyone else didn’t have the skill to find them, the courage to buy them, or the conviction to hold them. In the end luck has very little to do with it. Get after it.
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@iancassel
Ian Cassel
3 years
The goal of investment is to buy the things everyone else will want to own later.
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@iancassel
Ian Cassel
5 years
The worst part of bull markets is the rise of inexperienced people educating other inexperienced people.
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@iancassel
Ian Cassel
1 year
One of my mentors is a very successful private investor. He works his day job not because he has to but because he likes it. What most don’t know about him is he has grown his portfolio from $100,000 to over $90 million over 20 years. All by concentrating in micro/smallcaps.
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@iancassel
Ian Cassel
3 years
Investing is 5% intellect and 95% temperament. It's a test of how well you can sit quietly and do nothing when your emotions are screaming at you to do the wrong thing.
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@iancassel
Ian Cassel
3 years
Small public companies are first discovered by smart retail, then by small institutions, then by large institutions, and then finally by dumb retail.
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@iancassel
Ian Cassel
2 years
Good advice "It’s very hard to go bankrupt when you don’t have any debt" - Peter Lynch
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@iancassel
Ian Cassel
3 years
Thirty years ago the best investors had the biggest funnels of information. Today the best investors have the best filters of information. Filter out the noise and find the signal.
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@iancassel
Ian Cassel
3 years
Don’t bother finding the next multi-bagger if you aren’t going to develop the conviction to hold it.
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@iancassel
Ian Cassel
2 years
The opportunity in small stocks (microcaps) exists because institutions can’t own them until they go up. It is the savvy retail investor’s duty to find them and collect the reward for doing so.
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@iancassel
Ian Cassel
3 years
“The goal of investment is to find situations where it is safe not to diversify.” – Charlie Munger
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@iancassel
Ian Cassel
3 years
“To be a disciplined investor you have to be willing to stand by and watch other people make money on things that you passed on” – Howard Marks
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@iancassel
Ian Cassel
2 years
You get 1-2 great investment opportunities every couple years. The rest of the time is spent wondering if you will ever get another great opportunity again and convincing yourself to own mediocre opportunities while you wait. Don't rationalize your way into mediocre investments.
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@iancassel
Ian Cassel
3 years
Nothing tests your conviction like falling stock prices. Conviction isn’t proven on the mountaintop, it’s proven in the valley.
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@iancassel
Ian Cassel
3 years
I turn 40 today, but I feel 80 in microcap years. 😂
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@iancassel
Ian Cassel
2 years
Bull Market: Financial Independence Bear Market: I love my job
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@iancassel
Ian Cassel
4 years
All you need is a few big winners during your lifetime to beat the market. Everyone else will say you got lucky, but everyone else didn’t have the courage and discipline to find them, buy them, and hold them.
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@iancassel
Ian Cassel
4 years
“The best way to teach your kids about taxes is by eating 30% of their ice cream.” – Bill Murray H/T @SJosephBurns
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@iancassel
Ian Cassel
4 years
Everyone can talk about multi-baggers. Few can hold them.
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@iancassel
Ian Cassel
4 years
Not a bad week 🤷‍♂️ S&P -1.3% 4.4 million filed for jobless benefits, total 26.5 million Existing home sales -8.5% New Home sales -15.4% Oil dropped below zero Consumer spending -25% New auto sales -32% Retail sales -8.7% in March US Airport volume down 95.8% @WSJ H/T Buzzbits
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@iancassel
Ian Cassel
4 years
The greatest trick the market plays on beginners is making you think luck is skill. It waits for you to double or triple down on your next bet and then it teaches you your first lesson.
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@iancassel
Ian Cassel
3 years
Robert Wilson, was a legendary investor, who turned $15,000 into $800 million over his 40 year career, used to call himself a "long-term trader". He would sell positions after a few days, or after a decade. He just rode them as long as they were winning.
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@iancassel
Ian Cassel
4 years
Perma bears make money from speaking fees, books, and newsletters. Not from being right.
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@iancassel
Ian Cassel
3 years
“People will go $100,000+ in debt for college but won’t invest $5,000 in a stock because it’s too ‘risky’.” - @SJosephBurns
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