This is my third post about leverage, you can find the first introduction here and a second, practical implementation, here. In particular, I want to comment this recent paper from JPMorgan that I found really interesting (spoiler alert: I agree with them). I will try to ‘translate’ the paper for Read more…
This is a quick, lazy post. I do not own any single name stock since almost four years (lie! I owe uncle Warren stock actually!), last IPO I participated in was in 2006. It is a part of the market I gave up so long ago, as you can imagine Read more…
And for a period of time, it certainly seemed so. I was reading bloggers (yeah, not investors) making yearly returns of 11%, 12%, even more than that. I was asking myself why I was only cautiously deploying capital into p2p while people out there were making a killing. Then scams Read more…
Two weeks ago I did not know the existence of Greensill, I bet 99% of the readers of this blog do not neither. Their website was taken down last Wednesday, so not more luck if you wanted to have a peek now. I got curious after reading headline after headline Read more…
Last week I decided to do a bit of a change, instead of passing my days sit at my kitchen table working, I took a week off…to pass my days on the couch in front of my kitchen table. At least that was the plan; as exciting as it sounds, Read more…
My personal investment trifecta: passive income, uncorrelated to stock market, good topic at a party (once we will be able to go to one). A music royalties investment company, Hipgnosis Songs is the brainchild of Merck Mercuradis, former manager of Elton John, Guns Nā Roses and Morrissey; it was founded on Read more…
As the GME saga unfolds, I think there is an ever-lasting lesson to repeat here. Yesterday, while I was q-ing under the rain to do grocery shopping, I listen to the latest episode of The Compound Show with Josh Brown: the story he tells fitted quite well with the mood Read more…
This graph was all over internet recently: One side of the story is that companies got ‘smarter’, understood that investors pay for growth and therefore re-invest every single dollar of cashflow into the business. The way that Amazon did. The other side is that investors think that every tech company Read more…
I first wrote about leverage more than one year ago, time flies! It was a good introduction at the concept and what were my initial thoughts. I am not sure how I will ‘develop’ this series of post, maybe one day there will be an entire section of the blog, Read more…
The most read post on this blog in 2020 has been this: Scott Galloway is a terrible stock picker. It is funny to me because this is a topic at most tangent with what I usually write about. I love Scott and what is funnier is that 99% of the Read more…