Musings on behavioral finance, stock-picking, and other stuff. Views expressed do not represent those of Albert Bridge Capital LP.
Joined September 2017
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"The future not only turned out to be precisely as anticipated, but in some cases exceeded expectations. Yet the share prices of those participating in (or driving) the transformation were driven to wildly exaggerated levels."
Our latest is up.
albertbridgecapital.com/post…
The hardest thing for this Purdue Boilermaker is I found myself actually rooting for the Indiana GD Hoosiers on Saturday against Ohio State. Literally came down to six inches out of bounds in the end zone with no time on the clock. Actually felt bad for IU, and I hate them.
"A position that has doubled has a way of making every piece of incoming information look bullish. A position that has been cut in half has a way of making every problem look fatal."
Great piece by @AKWilk.
microcapclub.com/the-stories…
A great piece from my friend @danielcrosby. Ambiguity Aversion matters, and drives so much of our decision making, and Mr. Markets too.
linkedin.com/pulse/uncertain…
In order:
1) D (Naples, Sanibel, West Palm, Delray)
2) A (Destin, Ft. Walton Beach, Ponta Vedra, St. Augustine
3) E (Key West and all the Keys)
4 C (Long Boat Key, Siesta Beach, Vero Beach, Johns Island)
5 B (No thanks)
My man Axel and his squad at George Washington now up to 13th in the country in the NCAA RPI rankings. Great crew, with an amazing coach.
I can’t wait to read this book! @iancassel is one of the sharpest thinkers about the business of stock-picking out there.
My son Axel first college soccer match today. Old Dominion vs. George Washington. On ESPN+ at noon ET.
Wow. I am not sure what this even was that @donnelly_brent penned for @EpsilonTheory, but man it was a wonderful existential rant. Highly recommended weekend reading. I'm jealous of how damn well Brent writes.
panoptica.com/dear-ben/
Drew Dickson retweeted
But, as you also know, the narrative is strong with this one, and the holders of the stock aren't ready to do that. Right now, in my view, most buyers of the stock are not investing in future cash flows, but hoping to sell it at a higher price to other investors chasing it.
I'm not much of a country boy.
🎶I could plow a yard, all day long,
I could catch sunfish from dusk 'till dawn.🎶
I don't think either qualifies.
But I'll be damned if this awesome tune wasn't the national anthem at our high school.
Drew Dickson retweeted
$5 billion of losses in the last year, and a $2.2 trillion market cap.
Even if it had $5 billion of gains, that would be a P/E of 445x.
This is epic.
$SPCX