Today’s article was supposed to be about Cash Flow Statements, keeping the order flow somewhat harmonic. However, on Tuesday I listened to a podcast that made me realize the importance of a topic I involuntarily omitted throughout this series. In this podcast, Annie Duke, a professional poker player and author of best sellers, exposes a very helpful mindset investors can adopt to increase their chances at this game.
Nice thread, looks like you are talking about my position in $BABA 🤪
Great read G. Love this concept of a ‘Kill Criteria.’ I was speaking with a friend about figuring out optimal times to sell. I think this blends well with this mental model. For me the Kill Criteria would be when the fundamentals erode or price gets into bubble territory. I suppose you could attach some number representing risk to the value that might tell you it’s time to sell. Haven’t thought about that yet.
Great article Giuliano. As a former player, made me happy to read about Annie.