247capital #53 | Wartime Edition III

Portfolio Follow-Up, Quote of the week, Tweets of the Week ...

Hi Everyone 👋,

Welcome to the #53 issue of 247capital — your (sometimes bi-)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.

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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 $52.96 (up 17.81%)🔥
💰$0.68 dividends

$GEO - bought at $5.79 - Issue 7
Closed the week at $5.70 (down 1.55%)❄️

XTRA:DFV - bought at 12.96€ - Issue 8
Closed the week at 11.56€ (down 10.80%)❄️

READ - bought at 39.25SEK - Issue 12+24
Closed the week at 8.80SEK (down 77.57%)❄️

$HIMS - bought at $8.28 - Issue 12+25
Closed the week at $5.10 (down 38.40%)❄️

THG - bought at 373.50pc - Issue 32+36
Closed the week at 85.75 (down 74.36%)❄️

The actual situation in one picture:

Matt Lieberman @social_brains

This is not a photo from 1941. This is a photo from March 2022 with all the color taken out. So angry. So sad.

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Quote of the Week

If there were no fools in the world - what would the world be like... and especially the stock market?
— André Kostolany

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Tweets of the week

Anthony Cheung @AWMCheung

Douglas A. Boneparth @dougboneparth

what you know by age: 20s - I know everything 30s - I know most things 40s - I know some things 50s - I know a few things 60s - I know nothing

zerohedge @zerohedge

Housing market cracking "Some who had previously qualified at a 3% mortgage rate are no longer able to buy at the 4% rate" - NAR

Compound248 @compound248

Charlie Munger’s $BABA investment is quickly establishing itself amongst the greatest trades ever. #1. John Paulson subprime CDS #2. Peter Thiel angel invests in $FB #3. Charlie Munger buys $BABA We keep fighting for bips while Munger is out minting new fortunes at 98.

Altcoin Gordon @AltcoinGordon

When I left my job in 2020 to go full time in crypto my boss laughed at me. Now two years later when I turned up to ask for my job back he laughed at me again.

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5 points of the week - From the book “100 to 1 in the stock market.”

Curated by the Big Investor Blog:

1. Four categories of stocks that have yielded 100 baggers

   1. Recovery from depressed, rock bottom economic cycles.

   2. Change in supply-demand ratio for a commodity, reflected in a sharply higher commodity price.

   3. Leverage in capital structure, in long periods of expanding business and inflation.

   4. Result of continuous investment of re-investing earnings at high rates of return on capital. — MOATS

2. Very few of us have made 100-1 on investment because most of us haven’t even tried to do so.

3. Understand the difference between earning and earning power.

   1. Sales growth

   2. Profit Margins

   3. RoE

   4. RoCE

   5. Book value build-up

4. What mathematics cannot do, common sense sometimes can.

5. In Alice in Wonderland, one had to run fast to stand still; one who stands still can make money quickly in the stock markets.

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Thanks for reading, and until next Monday,

Sebastian from 247capital 

All posts on “247capital” are for informational purposes only. This is not a recommendation to buy or sell securities discussed. Please do your own work before investing your money.