ValueStockGeek

The United States Treasury Department actually tweeted this.

I used to mock the concept of beta as a measure of risk.

But, the reality is that it is a pretty decent measure.

Run a screen of low beta vs. high beta stocks and tell me which businesses are riskier.

Jeffrey Skilling used to talk about this shit.

FinTech apparently means gambling and payday loans with apps.

Yes for the record I disagree with Burry on a lot. Other great episode was about the Fed where they emphasized the importance of Fed independence.

Pretty amusing that Harvard allocated to Bitcoin at the top.

The Fed wasn’t trying to bail everything out in 2000-03 and 2007-09? The market still fell 50%. They’re not gods.

We haven't had a truly nasty bear market (like 1973-74, 2000-03, or 2007-09) through Bitcoin's history.

If Bitcoin falls 80% whenever the market has a 10-20% tantrum, what do you think happens when we face the real deal?

Michael Burry Speaks Podcast Episode · Against the Rules: The Big Short Companion · S6 E8 · 36m

This was a great new interview with Michael Burry from Michael Lewis’s podcast.

It is absolutely insane that the author of Dow 36,000 is going to run the Fed.

I think bonds should be in the country with the reserve currency because they'll experience the full flight-to-safety effect (and their central bank will be cutting) during a big recession. Right now that's the USA.

The portfolio has served me well. Kept me invested when I was freaking out during COVID. Has helped grow my savings since I started investing this way about 7 years ago.

This year has been a banner year for the portfolio - mainly due to gold & international. It was helpful during the tariff panic.

Weird Portfolio – Portfolio Charts Asset allocation, investing theory, and historical data for the Weird Portfolio by Value Stock Geek

The weird portfolio is my approach to "passive."

I wanted a systematic ETF-based approach that didn't rely on forecasting. A portfolio with decent long term growth without huge drawdowns & lost decades.

Tyler at portfolio charts created a nice breakdown of it: portfoliocharts.com/portfolios/w...

The main issue is that people see the $390k and conclude it's not possible to accumulate $1.5 million on a normal income, robbing them of hope.

But, it is completely possible! It just takes a bit longer than 37 years old.

#FinSky community, I invite you to follow thoughtful and talented investor ValueStockGeek, longtime influential FinTwit voice who's going to be more active on here going forward. Big fan of his perspectives on both stocks and life in general ⬇️⬇️⬇️

Pool Corp (POOL) Key Statistics

I wrote about Pool Corp this week.

It's behind a paywall, but if you DM me your email, I'll gift you a free subscription.

www.securityanalysis.org/p/pool-corp-...

That's a lot more complicated. It's really hard to say if AI spend if going to ramp or if it's overextended.

Pools - now that I can wrap my brain around. People were home, heavily invested in them, and then it subsided. Now it's returning to trend.

Thanks!

POOL

Security Analysis | Value Stock Geek | Substack I am looking for high quality companies trading at attractive valuations. I analyze companies & evaluate their merits. I also host a podcast where I answer Q&A and interview investors. Click to read S...

I research a company once a week, determine if it's 'wonderful' or not, and then regularly update subscribers with valuation updates. The goal is to identify when wonderful businesses are on sale.

www.securityanalysis.org

It's really wild how many companies benefited from pulled forward demand in 2021 and then investors rewarded them with an insane multiple, extrapolating it as if it would last forever.

Then they all drew down by 30-50%, and many are attractively priced now.

<<Back in the 1980s, [Trump] even took out a full-page ad in The New York Times railing against free trade. It’s one of the few positions he’s held onto consistently.>>

He’s not going to have 400 billion if the stock tanks. He also borrowed heavily against it.

Particularly if there is inflation. All of his policies are inflationary.