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.
Haha. You know, the host of the podcast discussed his Alibaba position with Annie. He talked of how he may be biased towards it because of the consensus of intelligent people.
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.
I'm happy you enjoyed it. I agree with your view of what a kill criteria could look like, but haven't clearly stated it. Thank you for the feedback, it is something to think about.
Thank you. Love to hear it, here's another interesting thing mentioned in the interview:
The host talked to Peter Lynch in the 90s and asked him what book to read to get better at investing. Peter's response was that probably the best thing he could do was to play poker to improve in investing.
Nice thread, looks like you are talking about my position in $BABA 🤪
Haha. You know, the host of the podcast discussed his Alibaba position with Annie. He talked of how he may be biased towards it because of the consensus of intelligent people.
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.
I'm happy you enjoyed it. I agree with your view of what a kill criteria could look like, but haven't clearly stated it. Thank you for the feedback, it is something to think about.
Great article Giuliano. As a former player, made me happy to read about Annie.
Thank you. Love to hear it, here's another interesting thing mentioned in the interview:
The host talked to Peter Lynch in the 90s and asked him what book to read to get better at investing. Peter's response was that probably the best thing he could do was to play poker to improve in investing.
Now I have to go through that interview! Thank you for the details.
Haha of course my friend! Hope you enjoy it.
https://open.spotify.com/episode/5XxomsAyiuMV60N8O2jU81?si=LWgEkRmVQvOhIitCS_P64A