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1/ I don't like talking about investing anymore, because there's nothing to discuss beyond my investments, which are Tiny's.
Buy businesses, or employ a systematic deep value approach. Paying attention to forecasts or what others are doing is an eventual sure way to lose money.
Buy businesses, or employ a systematic deep value approach. Paying attention to forecasts or what others are doing is an eventual sure way to lose money.
2/ People make the process so stupidly complicated.
Refuse to buy businesses you can't understand, don't settle for poor prices, and don't partner with managers that don't have a healthy multiple of stock compared to total compensation.
You're buying a business, after all.
Refuse to buy businesses you can't understand, don't settle for poor prices, and don't partner with managers that don't have a healthy multiple of stock compared to total compensation.
You're buying a business, after all.
3/ Don't short. Don't use leverage. Don't chase returns. Invert: up is down, down is up.
Be ever-aware of cognitive biases:
I.e.: Start from understanding, then look for dog shit. Don't look at economics or value first: Rose-tinted glasses are a deterrent to understanding.
Be ever-aware of cognitive biases:
I.e.: Start from understanding, then look for dog shit. Don't look at economics or value first: Rose-tinted glasses are a deterrent to understanding.
4/ Screeners are literal garbage outside conditions of high uncertainty. That game is way too crowded, and often obfuscates reality (eg. $KMX's "liabilities," true profitability, accounting differences re peers).
Know what businesses you want and at what price, then sit around.
Know what businesses you want and at what price, then sit around.
5/ Every bull market in history has produced supposed geniuses that attempt to justify a narrative to keep the bull going, and often look very intelligent (people who like looking smart are dangerous)
Where are they? Dead to the investment world, mostly. More casualties to come.
Where are they? Dead to the investment world, mostly. More casualties to come.
6/ Stick to what's reasonable and accept the consequences, even if the consequences are poor, because reason wins out eventually. Your job is to do what's right, not what's easy.
Don't fail being an idiot. Don't succeed as one either.
Don't fail being an idiot. Don't succeed as one either.
7/ Never discuss investments before making them. You want/need advice? Stick to the greats: Keynes, Graham, Buffett, Lynch (highly underrated), and your gut.
Re literature, I almost only read the same books and listen to @Greenbackd's After Hours show (for entertainment)
Re literature, I almost only read the same books and listen to @Greenbackd's After Hours show (for entertainment)
/8 Our industry eschews femininity: "the unemotional win." But I am very fem and emotional.
The misunderstanding: unemotionality is only required re matters of business and investing.
"Unemotional bias" continues to make many women feel like they have no place in the industry.
The misunderstanding: unemotionality is only required re matters of business and investing.
"Unemotional bias" continues to make many women feel like they have no place in the industry.
9/ Per the latter, there's real consequences for my presentation re investing.
Were I a cisgender woman, it wouldn't be a problem; but holding a strong tone as a transgender woman may cause others to perceive me as a "man in a dress," which I am far from.
Were I a cisgender woman, it wouldn't be a problem; but holding a strong tone as a transgender woman may cause others to perceive me as a "man in a dress," which I am far from.
10/ I have struggled with gender dysphoria since the onset of puberty. It took most of my life, and now I'm finally working to resolve it so that I may live. Whatever caused my neural structures to develop female is unknown (several potentials), but I'm working on figuring it out
11/ Finally admitting to my reality openly has resulted in a lot of hardship in the short-term, as expected.
However, I'm happy I did not take my life, and know that a happier future awaits me.
So I'm sheltering to protect myself as I learn to love myself for the first time.
However, I'm happy I did not take my life, and know that a happier future awaits me.
So I'm sheltering to protect myself as I learn to love myself for the first time.
12/ Since I don't really want to talk about investing anymore, and I don't want to be perceived as a man, my Twitter account is going to change.
I studied politics in university, so I'm going to engage with that more. I also love makeup, music, advocacy, and random books.
I studied politics in university, so I'm going to engage with that more. I also love makeup, music, advocacy, and random books.
13/ That said, I want to thank FinTwit from the absolute bottom of my heart.
Your support and encouragement was so important on my path to finally coming out: You gave me hope when I was nearly agoraphobic, and it led to a dream job at Tiny, with irreplaceably good people.
Your support and encouragement was so important on my path to finally coming out: You gave me hope when I was nearly agoraphobic, and it led to a dream job at Tiny, with irreplaceably good people.
14/ And through that dream job, I attained the confidence I needed to finally admit and start living. I will always love you all for that.
Special recognition is absolutely needed for @manualofideas, @Greenbackd, @traderderic, @ValueStockGeek, @GSpier, and @CapitalTalk2
Special recognition is absolutely needed for @manualofideas, @Greenbackd, @traderderic, @ValueStockGeek, @GSpier, and @CapitalTalk2
15/ For those of you who stick around, you're gonna get to know me more as a person, rather than "that grumpy stock lady that hates macroeconomists"
Of course, to my @manualofideas lovelies, I am still very looking forward to making friends with you all at future conferences
Of course, to my @manualofideas lovelies, I am still very looking forward to making friends with you all at future conferences
16/ And that's all Frankl and I have to say :)
