Sketch notes of video featured on ValueWalk.
Used contrarian/vale strategies. Turned $20k into $2m from period 2007-2010.
1 or 2 big trades a year.
never a bad time to invest.
identify game-changing impacts to companies. look for something that wall street hasn’t picked up on yet. “information arbitrage investment”, when wall street picks up on it, exit investment.
not important what you think is the next big thing, but what you notice around you. e.g. a popular book got turned into a film. the film company’s share price that produced the adaptation of the book doubled.
20-40% of portfolio in new trade. Of 8 or 9 of his positions over the years, nearly all were big hits, only 1 flop.
might wait 8-9 months to catch next big idea. patience required.
critical observation required. “anyone can do it”, allegedly – it’s a case of retraining your brain.