Hi Everyone 👋,
Welcome to the #22 issue of 247capital — your weekly source of Investment Research. If you are new, you can join my email list here.
The follow-up to former Issues
Below you´ll find the overview of all bought shares since Issue 1 and the current state. Please keep in mind we´re here for the long run. 5-10 years horizon at least.
$TAP - bought at $44.95 - Issue 1
Closed the week at $49.70 (up 10.57%)🔥
$GEO - bought at $5.79 - Issue 7
Closed the week at $6.68 (up 15.37%)🔥
XTRA:DFV - bought at 12.96€ - Issue 8
Closed the week at 13.04€ (up 0.62%)🔥
READ - bought at 43SEK - Issue 12
Closed the week at 40.40SEK (down 6.05%)❄️
$HIMS - bought at $8.95 - Issue 12
Closed the week at $8.60 (down 3.91%)❄️
$HIMS / READ same situation as last week.
From tomorrow I’ll start traveling to Italy.
Maybe there`ll be an Italian company next 😁
Quote of the Week
“Consider every sale, a confession of an error.”
- Thomas Phelps
Tweets of the week
Read of the Week - 100 to 1 by Thomas Phelps, in 95 points.
Big Investor Blog posted a nice summary of Thomas Phelps's book 100 to 1 in the stock market.
It is more important to be right, than to be quick.
If you think something is attractive in the market, buy it. If it falls lower buy more. These differences may be the ones that make 60x instead of 40x, but it is not worth missing the opportunities all-together.
Company names of the week - M
This is a list of company names with their name origins explained.
Today's Top 5 letter M:
Mailchimp – the email marketing company was originally going to be called Chimpmail, but the domain was taken, so co-founder Ben Chestnut switched it around. He told Inc magazine that his parents had had "a pet monkey in Thailand. And they always warned me never to have a pet monkey. So I had this mischievous monkey in my brain."
Mars – named after Frank C. Mars and his wife, Ethel, started making candy in 1911. Their son, Forrest E. Mars, joined with Bruce Murrie, the son of a Hershey executive, to form M&M Ltd (from Mars & Murrie). Forrest took over the family business after his father's death and merged the two companies in 1964. After retiring from Mars, Inc. in 1993, Forrest founded Ethel M. Chocolates, named after his mother.
McDonald’s - From the name of the brothers Dick McDonald and Mac McDonald, McDonald's founded the first McDonald's restaurant in 1940.
Microsoft – Coined by Bill Gates to represent the company that was devoted to microcomputer software. Originally christened Micro-Soft, the '-' disappeared on 3 February 1987 to introduce a new corporate identity and logo. The "slash between the 'o' and 's' [in the Microsoft logo] emphasizes the "soft" part of the name and conveys motion and speed."
Morningstar, Inc. – name is taken from the last sentence in Walden, a book by Henry David Thoreau; "the sun is but a morning star."
Got Feedback, Questions, or Suggestions? Just Hit Reply; I’d love to hear your comments.
Thanks for reading, and until next Monday,
Sebastian from 247capital