Hi Everyone š,
Welcome to the #42 issue of 247capital ā your weekly source of Investment Research. If you are new, you canĀ join my email list here, oršš»
Please hit the heart button ā¤ļø if you like today`s letter and reply with any feedback.
The follow-up to former Issues
Below youĀ“ll find the overview of all bought shares since Issue 1 and the current state. Please keep in mind weĀ“re here for the long run. 5-10 years horizon at least.Ā
$TAP - bought atĀ $44.95 - Issue 1
Closed the week at $46.23 (up 2.84%)š„
š°$0.34 dividends
$GEO - bought atĀ $5.79 - Issue 7
Closed the week at $7.21 (up 24.52%)š„
XTRA:DFV - bought atĀ 12.96ā¬Ā - Issue 8
Closed the week at 11.18ā¬Ā (down 13.73%)āļø
READ - bought atĀ 39.25SEKĀ - Issue 12+24
Closed the week at 16.55SEK (down 57.83%)āļø
$HIMS - bought atĀ $8.28Ā - Issue 12+25
Closed the week at $6.10 (down 26.32%)āļø
THG - bought atĀ 373.50pcĀ - Issue 32+36
Closed the week at 195.50 (down 47.65%)āļø
$HIMS still on the shortlist. In addition, I'm currently at the end of the year professionally, and I'm moving at the same time. š
Portfolio News of the week
No significant news this week š¤·š»āāļø
Quote of the Week
One mega-winner can change your financial life. But only if you donĀ“t sell it early.
ā Brian Feroldi
Video of the Week
53min documentary about The Hedge-Fund King Steve Cohen. Cohen's fortune is estimated at $13 billion, ranking him the 30th richest person in the United States. Heās also the majority owner of the New York Mets baseball team.
In 2013, the Cohen-founded S.A.C. Capital Advisors pleaded guilty to insider trading and agreed to pay $1.8Ā billion in fines ($900Ā million in forfeiture and $900Ā million in penalties) in one of the most prominent criminal cases against a hedge fund.
Tweets of the week
Numbers of the week
The top 0.01% of individuals now own 11% of global wealth.
Company insiders have sold a record $63.5B in shares through November, a 50% increase from all of 2020.
Article of the week
How a young retail trader lost $400k in trading $BABA call option via $HOOD.
The whole $400,000 turned to almost zero. It was at that time that I knew I had that there's no coming back from this. I was literally begging for it to come back so I could even get $300,000 out. Just praying, you know like once you go from desperation to literally praying? And Iām not even religious. Ā
5 points of the week - From the book ā100 to 1 in the stock market.ā
Curated by the Big Investor Blog:
A man does not have to be able to lay an egg to tell a good one from a bad one.
The only way to make more money than the going rate of return on capital is to buy stocks whose values are not that apparent to people. The past is there for everyone to see, and when a stock has performed in the past and is likely to do so in the future, you can make money off it, but outstanding returns are unlikely.
My advice to buy right and hold is to counter unproductive activity, not to recommend putting them away and forgetting them.
If a company grows at 20% for the next 6 years, it will increase 6x in the next 10 years and 9,100x in the next 50 years. Try to imagine if the company can grow that big. Of course, a significant factor is also the company's current size, which will help determine that.
When you pay for a stock, you are not only paying for average growth but, more importantly, for superior growth over the future. Therefore you have to evaluate the company in size 5-6 times its current size after 6-8 years and check if it still makes sense.
Thanks for reading, and until next Monday,
Sebastian from 247capitalĀ
