mrjivraj

Joined 6 years ago

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Member since

May 14

https://playingfordoubles.substack.com/

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Comment · 4 months ago

+1 The best companies succeed because they are able to adapt to changing business environments and more importantly, to changing customer needs.

Companies that lose their leadership positions tend to focus only on incremental improvements. Such companies focus on optimizations: on cost reductions, product upgrades, short term stock price movements etc and less on the dynamic changes in customer needs.

This creates blind spots. This may be due to myopia, or perhaps inertia or misaligned organizational incentives.

Good news is, this inability evolve creates the opportunity for upstarts.

Circle of life..

Comment · 5 years ago

That's great. Let me know if you end doing so!

Why Multiple coffee cans? A few reasons

1) As new money comes in, I build new coffee cans based on current circumstances and prices offered by the market.

2) Provides Time Diversification. Not all times are created equal. At certain times, opportunities are better. But since marketing timing is difficult, especially since this is somewhat of a passive strategy, I'd rather simply invest periodically.

I wrote about coffee cans here: https://playingfordoubles.substack.com/p/the-coffee-can-port...

Comment · 5 years ago

Working on my Investment Scorecard:

https://docs.google.com/spreadsheets/d/1tBrZEMFK9XNWxiqOxE8o...

Comment · 5 years ago

I invest. I share more about it here. https://playingfordoubles.substack.com/p/invest-like-a-vc-in...

Comment · 5 years ago

dunking on them? seriously?

I literally had one line where I made a joking comment and then applauded their ability to clone and adapt.

you may assuming cloning is a bad thing.

Comment · 5 years ago

Cool - didn't know about that!

But, yes Shameless Cloning Can Lead to Financial Success :)

I actually wrote about it here: https://playingfordoubles.substack.com/p/shameless-cloning-c...

Comment · 5 years ago

https://www.cnbc.com/id/218.html

This reminds me of a study which showed that even if you bought the same stocks a month after Buffett and his holding company Berkshire Hathaway disclosed their own purchases, you'd still be way ahead of the game.

"The market ... appears to under-react to the news of a Berkshire stock investment since a hypothetical portfolio that mimics Berkshire's investments created the month after they are publicly disclosed earns positive abnormal returns of 14.26% per year."

But Buffett is a long term investor. I am not sure how long the Pelosis hold their stocks...

But yes, insider trades :(

Comment · 5 years ago

I think that's absolutely doable. Not easy but doable.

And for anyone thinking along those lines, I'd argue that the goal isn't to get to $1M/yr but rather to a place of financial freedom. I think more people would hit that mark, if in addition to plowing money into growing their businesses, they also diversified and invested their cashflows effectively.

Below is a story of an Optometrist who became a billionaire over time. His fortune came from two things: 1) He started a successful business that did about $10 million/yr in profit. 2) Over his lifetime, he continuously redirected his business profits into stocks.

https://twitter.com/mrjivraj/status/1425230319796596744?s=20

update: for some reason the link above goes to the beginning of the thread instead of the tweet about said Optometrist. You can scroll to Tweet #27 in the thread.

enjoy the thread...and don't forget to compound :)

Comment · 5 years ago

https://playingfordoubles.substack.com/p/the-coffee-can-port...

This article references something called The Coffee Can Portfolio. The idea of a coffee can is simple: You try to find the best stocks you can and let them sit for years. You incur no costs with such a portfolio, and it is simple to manage.

Robert Kirby, the Portfolio Manager who first introduced the idea recognized that most professional investors in the stock market focused on preserving capital as opposed to growing it. As a result, when their portfolios became “unbalanced”, that is, their winning stocks started to become large portions of their portfolios, they trimmed those positions and transferred capital into their “less successful” investments, the ones that had gotten “cheaper”.

Although that might sound prudent, what is really happening is that money is being transferred from the most dynamic companies, to the least dynamic companies.

This idea helped me become a longer term investor, and as a result, a better investor.

Comment · 5 years ago

Newsletters like Substack?

Comment · 5 years ago

Been working on codifying my investment strategy: https://docs.google.com/spreadsheets/d/1tBrZEMFK9XNWxiqOxE8o...

Comment · 5 years ago

Wow, that actually looks pretty cool.

I wish they had physical distribution so that I can go try it out...doesn't seem like they do. But they do have a 30 day return trial.

Comment · 5 years ago

thanks, i will look that up nonetheless.

Comment · 5 years ago

Do you have a simple system to keep track of the notes you take?

I ask because I also started taking notes, primarily because I want to write about some of the things I come across. I write an investment newsletter (https://playingfordoubles.substack.com)

I probably need to get myself some type of filing cabinet to keep track of articles I'd like to revisit in the future.

Comment · 5 years ago

100 lol..

I think i have printed probably about 30 so far, 2 pages per sheet + double sided so 4 on a page