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I suppose you do not notice, but I see it clearly when writing. I’ve been inactive lately on my readings, on my tweeting and everything finance-related. On mid-May, my semester finished and I traveled back to Argentina, where I’ll be staying for the next 2 months. Everything went spectacular and I didn’t even burn out, which is a good sign, but I felt I absorbed too much information. Too much time dedicated to reading and writing since January, so I decided to take an ‘intellectual holiday’.
Now I’m about to travel and stay at Buenos Aires, where I studied. I should be returning to my normal routine around reading and writing (all day). In a selfish manner, as I’m detaching from my usual line of articles, this one will consist of a roadmap for the newsletter. I have a lot of ideas I’ll be trying to translate them into articles in the next couple of months.
52 weeks writing
Next week will be the 52nd week writing these Sunday articles and I’ll be using the space to share some thoughts on the pure act of writing. I think it helped me in a drastic way. It’s unbelievable the impact it has had on my mind. Perhaps I’m exaggerating or it’s not causal, but ideas and thoughts are much clearer than a year before, they now have shape. Writing has an immense amount of benefits and I’ll be telling my experience on how it made me a better investor (this newsletter is about the stock market after all haha).
End of semester
I mentioned in some occasions that I have a fund, which is something I have to correct as it is not a fund per sé. I, along two colleagues, manage client’s money and have been doing so for the past year and a half, but it is not a technical fund, rather individual relationships. At the end of 2022, I shared how the portfolio was composed (it changed a lot) and how it performed last year. I find transparency vital in these types of things. I’m a human and even though I never share my view on valuations or give financial recommendations, I do participate in the stock market and think sharing it is crucial.
I don’t know yet what that article will consist of. There are two options I’m considering. The first of them is for me to write a single article that shows the portfolio, my overall view of how things went, mistakes to be learned, performance since inception and a bit of our philosophy. That would be an unusually (for Sundays) long article. The second option is to write a shorter article on these things and then take another one to thoroughly go over our philosophy.
I didn’t forget about research
I left Zoetis half done, I’ll try to finish that research for this month. There are a lot of companies that call my attention for future articles, but not sure which will I cover next. Moving forward, I want to dive deeper into the semiconductor industry. You could expect articles on:
How ASML built its MOAT out of complexity
Breakdown of the semiconductor industry (long and difficult but in mind)
Texas Instruments plan and thesis
In parallel, my father asked me to try find good companies in the construction industry (he has a construction company) and learn the fundamentals as well as possible. Therefore, I should be dedicating some time as well to go over some of them and perhaps a breakdown of the industry comes to the newsletter.
Even though it is my choice, I seriously cannot wait to go back to reading the deeper stuff (papers, shareholder letters) to share them with you. There are no plans yet on those fronts, but I bought two books I’ll for sure be sharing a lot about:
Zero to One, from Peter Thiel
The Innovators’ Dilemma, Clayton Christensen
Thiel’s book would be a re-read and a necessary one. I barely remember anything from it. Heard wonders about both of them, I’m sure they’ll prove to be interesting topics for these articles. Additionally, I bought two biographies I’ll see if I can include here:
Steve Jobs, by Walter Isaacson
Shoe Dog, by Phil Knight
I’ve been thinking about the things I have to write about and knew they were a lot. I just noticed they are much more than I thought them to be. Maybe that’s a contributor to this writing paralysis, since I know how much is there to be done. Will try to do it all in the next 2-3 months. From 0 to 1 in the Stock Market will get much more interesting.
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