Showing posts from June, 2021

100 Baggers by Chris Mayer

100 Baggers by Chris Mayer I have completed the 100 baggers book by Chris Mayer. Personally, I am not too impressed by the insights provided by the book. The content seemed to be an amalgamation of the thoughts and quotes / best practices of the more esteemed value investors, with little original insight. I personally like the philosophy of the book to prepare the investor towards longer term holdings instead of churning the portfolio unnecessarily, but there are salient points that I think are logical fallacies and very dangerous for the amateur investor, and hard to implement even for full time investors. Nonetheless, I have shortlisted a number of professional investors that is attempting to implement this approach and I may segregate a portion of my <Mental-writeoff> portfolio to these stock ideas.  Problems with the Hundred Bagger approach 1) Huge survivor-ship bias and <Qualitative Back Testing> Due to the adaptive nature of the markets, I do not think that a commo

The Pied Piper of SPACs

The Pied Piper of SPACs| Characteristics of Operating managers / Investing managers to Avoid 1) Two-faced inconsistent communication style between trusted followers <Rebellious Teen> and social media <Social Justice Capitalism>. Hustler like personality and shameless self promotion   Particularly talented at manipulating the media, combining storytelling, narratives and buzzwords “Polarization gets you on CNBC, it gets you Twitter followers, it gets you a megaphone. If you believe that Chamath can get an hour on CNBC to explain Virgin Galactic, then you want to buy into this deal, because attention is money.” On CNBC, he adopted the calm and serious language of high finance. On podcasts, he waxed sincere, confessing (  that, by working with two therapists, he ha