Do you think I care, or even remember, if I bought Twilio at $25.90, $25.70, or $25.50, now that it’s over $116.50? I know that I belabored this in the Knowledgebase, but the decision that matters as far as making money in the market is “Do I want a position in this company?” and not “Can I buy it 25 cents cheaper?” I think that you guys, who put in buy orders for stocks you want below the market and hope that they will fall to your price, are out of your minds! But that’s just my opinion.
This is some of the best advice you can get for aspiring investors.
Don’t chase that last $0.25 when building a position.
Saul, I just wanted to note your work here is a real gift to me. While the format is long, I find it incredibly helpful because it not only shows what you have done but how you think.
Bored! You have got to be joking! It’s the equivalent of reading a new book full of short stories each month and watching the adventures unfold.
Too detailed? Nah. Without butter there is no bread.
The author of the book I read never disappoints. A masterpiece. Long may it continue. From the bottom of my heart to you, your lieutenants, your assistants(all the great posters here) TMF…a big thankyou. Please don’t shorten anything.
Saul, it’s like watching Federer play tennis - making a difficult skill seem effortless and easy to replicate, whereas reality says otherwise!
Reiterating Dreamer’s comments.
The bull and bear cases for each stocks usually have been discussed extensively on the board. You could save time here if you chose to do so.
For myself, the invaluable parts of these updates are watching your decision making process, going in and out and back in for certain stocks. The rationales for buying certain stocks at all time highs, and the decisions behind selling stocks after they’ve dropped. When you lay it out in the way you do, it’s very logical, reasonable, and lacking emotional attachment. Things can be so obvious when a teacher points it out! Still always learning.
Glad you’re back joining us with NTNX. My #3 stock, down from 1 after mdband ttds amazing run. Fingers crossed it retakes #1 after Thursday.
I will join the chorus of definitely keep it up. While my investing style is different, I look forward to this every month. It is like a monthly letter from Warren Buffett.
By the way, this is a real lot of work to put together, and format and put out every month. Do you think it’s worth it? Is it too long to read through? Do you get bored? Do you find it valuable as is? What do you think?
As it is the post I look the most forward to every month, its a YESH! from me.
Incidentally, it took me forever to write up the one I did last month and it was probably 50% shorter than yours - so I empathize with you. Hopefully copy/pasting some info helps to shorten the time it takes (esp when nothing really has changed since the previous month or two on the position discussions).
Do you think it’s worth it? Is it too long to read through? Do you get bored? Do you find it valuable as is? What do you think?
100% worth it, or speaking for myself, 30.2% YTD worth it. Since discovering this board back in October I’ve been transitioning from market matching, large cap companies to the market whopping, fast growth companies discussed here. I’ve learned more in six months than in my previous 15 years as an investor.
I’d also like to add that not only do you offer an incredibly valuable service to your followers, I believe, in what essentially amounts to re-doing your entire monthly posts each month, you also offer value to yourself. Constantly re-checking, re-reading and re-evaluating things only further solidifies your convictions in them, and also could identify an area of concern you might have otherwise overlooked the first, or sixth, time reviewing the same material.
I read these posts over and over, as I know most people do.
Saul,
I appreciate every comment you make on the board let alone the end of the month summaries (which is my favorite).
I always look read through them and reference back during the month.
At this point, I have done so well following you that I would pay a subscription fee should you decide to charge one.
Not only that, when I don’t see you post for a few days I start worrying if your ok. LOL
That’s how important you are and I’m sure many more on here feel the same.
Thank you for all that you do!!!
Best of health, wealth and happiness to you and your family.
Much Gratitude,
MC
I echo the responses above and would like to add that, reading your posts has caused me to reevaluate the way my portfolio is structured and, like most here, helped me make money - which once you eliminate the polite social experience here, is what it’s all about.
Thank you from the bottom of my heart for your generous effort.
Thank you all for your kind words. There have been so many responses, both here and as emails, that I can’t thank everyone individually, but I really appreciate it. Back to work!
Yeah. The height of my month is your monthly portfolio. And Gaucho’s and PaulWBrant’s.
I’ve got about 4 co-workers than now wait and announce your portfolio.
I especially like your conviction ratings.
I wouldn’t change anything about it. You have something for everyone.
Everyone is an expert after the fact.
Your fan,
John
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I got more MongoDB and Enphase. No Zu or Coup.
Every word is valuable, which means it is also very worthwhile to re-read the parts that are repeated, or slightly modified, each month.
If you are ever bored, tired, or lazy, any summary would be useful.
But with all the clamor and noise of the internet and the world, the steadiness, simplicity, and wisdom of your posts are worth reading and re-reading every month (and sometimes, in a lucky month, more often than that.)
Someone left a comment above that he turned off Warren Buffet to read your post more carefully. That is something that hopefully inspires you.
Again, though, if you ever are not in the mood, even a brief update would be worth more than forty forty-post-threads anywhere else…
Saul
I look forward to reading your summary every month. Your observations are insightful and invaluable - anything but boring. I can appreciate how much work goes into preparing them and all I can say is thank you very much for your generosity in doing so.
MikeJB
I just forwarded your portfolio review to my daughter saying, “I recommend you read this to understand the thinking of a very good investor.” A couple of weeks ago she chose TWLO, AYX, and ESTC.
I’m amazed and grateful for your generosity. Thank you.
