$SODI 10K filed. sec.gov/ix?doc=/Archiv…

This is the biggest fallacy of the passive investing crowd. Most active investors aren’t trying to outperform. So touting beating them isn’t the “own” many may think it is. Active and passive investors are playing two completely different games.

When I cook my own food, it feels impossible to overeat. When I eat at a restaurant, it feels impossible to NOT overeat. I wonder if investing is similar. When I do my own research, my results tend to be much better than copying others ideas.

A long-term threat to exponential growth of stock returns is a declining population from low birth rates. High Birth rates (3+) leads to Population growth leads to GdP growth leads to Stock Revenue growth Break that chain and what happens to stocks? See Japan for example

Great lesson for life but also investing. Just do research on one stock at a time. Do that enough and soon you have a portfolio full of great investment ideas.

Impressive demonstration of leadership in the first $PRKA conference call by $GEOFF Gannon. Getting his hands dirty in the turnaround on location. seekingalpha.com/article/471423…

Do your own due diligence

If you can hit 10% CAGR without valuation change, this formula works great. The valuation change provides upside potential.

I have a condition: Value Investor

Labor Day win! We’re working fewer hours and are much wealthier as a country and as individuals. Our ability to invest is driven by these gains. A good reminder to be thankful

Maybe value investors should give each other stickers to celebrate each other’s wins. They’re so few and far between after all.

The underlying logic of the quoted argument can easily be adapted to explain why most investors should index. It’s not that it’s impossible to beat the index. You definitely can. It’s not that you necessarily have to be top 1% intelligence. It’s that you have to be obsessed

Makes a HUGE difference. I don't want to invest with management teams that don't have skin in the game.