When 95% of active managers can’t beat a broad market benchmark, claiming you can is rather pointless. Instead, it’s better to show investors how to fish. Investing is about doing enough due diligence to make a decision with conviction, but not so much that you approach analysis paralysis. Today, we’re going to start down the […]
An important part of the mythology of startups in the United States is the origin story. For instance, some of the biggest tech companies in the world, like Amazon and Microsoft, originally launched out of the founder’s garage. In Norway, it’s barns. That’s how AutoStore (AUTO.OL), a pure-play stock in warehouse automation, got its start. […]
Spending time in the corporate world helps investors understand more intuitively how businesses operate. Performance improvement plans are large collections of documentation used to exit people. Promotions are rarely predictable. And when two businesses interact, one is always the alpha. Vendors who provide services to large companies are always on the lowest rungs of the […]
Those with very little capital to invest often look for ways to increase it exponentially while taking on loads of risk in the process. We call this “finding the next Tesla.” Usually, this starts with a theme that’s easy to understand and compelling. Robots are a great example. Then it’s off to ask the Ministry […]
The historic victory by union organizers in New York against Amazon brought two things to mind. First, you can pretty much convince anyone to vote for anything if you offer them free weed. Second, the move to unionize workers at an Amazon warehouse may actually accelerate the trend toward warehouse automation. Think about it: Robots […]
Billionaires have big dreams and even bigger egos. Elon Musk and Jeff Bezos want to go to outer space. Bill Gates either wants to vaccinate the world or enslave humanity to the lizard people. Mark Zuckerberg wants to build the metaverse and enslave humanity. And then there’s Richard Cohen who … oh, never heard of […]
We recently wrote about the power of opensource software where a community of volunteers – like The Apache Foundation – can create billions of dollars in free software that helps advance technology in society. A similar ethos has been applied at Tesla where an open source patent pledge made in 2014 promises to “not initiate […]
In today’s world of 8-second attention spans, it’s hard to convince people that becoming wealthy is about time in the market, not timing the market. That’s why we developed our own risk-averse tech investing strategy where we hunt out leaders and ideally hold them for a decade to let all that delicious alpha mature – […]
Amazon (AMZN) is one of those companies that everyone loves to hate. And there are plenty of good reasons. No. 1: Jeff Bezos. No. 2: Most retail investors of modest means (at least the ones who don’t know about fractional share ownership) believe they’re locked out of owning a piece of one of the world’s […]
Why is it that when a stock rises +300%, nobody bats an eye, but when it falls -10%, everyone panics and starts asking questions? That’s partly due to a psychological phenomenon known as “loss aversion” which shows people feel the pain of a loss about twice as hard as the joy of a gain. That’s […]