someone brought up “Bear is 12x” which is getting to be a bit of a tired refrain, as so much of the growth from 2017 to present is all in one year of 2020.
So here is mine, as my old posts are in a deleted folder somewhere deep in the TMF storage vaults:
Prior year results
2018 46%
2019 60%
2020 78%
2021 79%
I wasn’t posting a lot in 2017, so you kind of just have to take my word for it, but from what I can see my real return that year was in neighborhood of 37%. I exited NVDA earlier in the year, and started my TTD investments later in the Spring. Was probably in/out of a whole bunch of other stocks too, but those were the main catalysts. Would have finished much higher, but TTD crashed in Nov 2017 due to an ER miss/snafu from normally on-the-ball CEO Green. I think he really learned from that, and sandbagged harder ever since.
So my stats should look something like:
2017 37%
2018 46%
2019 60%
2020 78%
2021 79%
2022 -10% (rounding up as the others are even numbers)
2023 YTD is 5% (rounded up again)
I believe this comes out to only 9.5x which definitely proves once and for all time that Bear’s investing style is obviously superior to mine. However, Saul only at close to 5.5x, which definitely proves once and for all time that Dreamer’s investing style is obviously superior to his.
I get a kick out of the fact that Bear has lapped Saul.
Of course, no one seems to post just about every trade in real time as I do on TMF boards, but hey…no one lies on the internet.
Dreamer