Hi Everyone 👋,
Welcome to the #44 issue of 247capital — your weekly source of Investment Research. If you are new, you can join my email list here, or👇🏻
Please hit the heart button ❤️ if you like today’s letter and reply with any feedback.
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 $45.59 (up 1.42%)🔥
💰$0.68 dividends
$GEO - bought at $5.79 - Issue 7
Closed the week at $7.67 (up 32.46%)🔥
XTRA:DFV - bought at 12.96€ - Issue 8
Closed the week at 10.80€ (down 16.66%)❄️
READ - bought at 39.25SEK - Issue 12+24
Closed the week at 17.35SEK (down 55.79%)❄️
$HIMS - bought at $8.28 - Issue 12+25
Closed the week at $6.65 (down 19.68%)❄️
THG - bought at 373.50pc - Issue 32+36
Closed the week at 225.00 (down 39.75%)❄️
I'm still under the stress of moving this week, so this will be a short, crisp newsletter at the end of the year. From next week January, it continues with a year in review and maybe another “big” announcement.
Quote of the Week
In my whole life, I have known no wise people who didn’t read all the time – none … ZERO.
— Charlie Munger
Tweets of the week
5 points of the week - From the book “100 to 1 in the stock market.”
Curated by the Big Investor Blog:
No system or philosophy will keep investors from making mistakes or hold them harmless when wrong. Nevertheless, we never risk our money unless the odds are primarily in our favor; our inevitable losses should therefore look small compared to our profits.
One of the most persistent illusions of investing is that information is vital. Given that assumption, every trade needs a buyer and seller, and if both relied on the same information that the company is giving out, there would hardly be the quantum of trades that persist today. Therefore, assuming that institutions make both sides of the trades, it’s almost certain that opinions on the stock matter way more than standard or relatively secret information.
The fact without the truth is false. Always correct.
When you read a paper in the morning, never forget that your homework has only just begun.
Look at the opportunity ratio while evaluating. If you can gain 100 points by risking a loss of 10, the odds are 10:1. Of course, this isn’t the complete story; it’s just the payoff. Equally important is the chance that of the relative gain to the loss.
Wishes of the week
Happy new year, folks; I look forward to seeing you in 2022 😀
Thanks for reading, and until next Monday,
Sebastian from 247capital
