September 13, 2021
Published by Kuppy at September 13, 2021
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Investing is a game of keeping powder dry and waiting for layups. So many investors miss this lesson. They stay fully invested in middling situations for various reasons—often mental. Who cares if it is at 90% of fair value?? Recycle your capital. Why are you in a business with deteriorating numbers?? Recycle your capital. So what if it’s cheap, there’s no catalyst?? Recycle your Read More
Categories: Investment Strategy
Positions Mentioned:
September 2, 2021
Published by Kuppy at September 2, 2021
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Last summer, I recognized an odd phenomenon. An obscure entity named Grayscale Bitcoin Trust (GBTC – USA) was slowly cornering the free float in Bitcoin. This was a result of the trust structure where any capital that went in, was converted into Bitcoin, but there was no mechanism in place to ever sell coins and redeem that capital. As a result, GBTC became a Read More
Categories: Investments
Positions Mentioned: U-U CN
August 30, 2021
A few weeks back, I spoke with my buddy Wes Gray from Alpha Architect. My friends at Real Vision were kind enough to give me a non-paywalled link to share. Though you should all be paid-up subscribers (I am). Hope you enjoy. https://rvtv.io/3CTlPsO
Categories: General
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August 19, 2021
Published by Kuppy at August 19, 2021
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This weekend, I watched in baffled amazement as our President and his entire administration went on vacation, abandoning tens of thousands of Americans, along with allied citizens, to their fate in Afghanistan. America has done some embarrassingly dumb things during my lifetime, but this one displayed a special sort of arrogance and incompetence that can only develop through years of hubris, gross negligence, and Read More
Categories: Comments On Events
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When The Levee Breaks…