formthirteen

I use the Apple Notes app with iCloud syncing between devices. The notes are almost always with me and I can read and update them from anywhere if I find new information. The basic steps in the process I use are: 1. Create "Investing" folder in Notes app 2. Find an interesting stock... 3. Create a new note with title set to "ticker - company name" 4. Add tags below the title to make it easier to search and categorize, for example: 5. Research company... 6. Add notes, screenshots, links, etc. When doing research, repeat steps 5 and 6. ===== PSTH - Pershing Square Tontine Holdings, Ltd. spac, ackman, hold-forever, shitco... Thesis: "Ackman knows a thing or two about investing, or does he?" Bullet points go here: - UMG is a unique asset. - Cash alternative. - Better to buy ODET and/or BOL? Notes, screenshots of articles, links, etc. go here. ===== Plus: - Notes are always with me (in the same way the iPhone camera is always with me and the dslr is somewhere in a closet) - Built-in search - Can easily embed tables, screenshots, change formatting - Can share notes with others Minus: - None that I can think of. Works for me.

The Sad End of Jack Ma Inc.: https://www.forbes.com/sites/georgecalhoun/2021/06/07/the-sad-end-of-jack-ma-inc/ “It is hard to overstate the importance in China of Mr. Ma and his two companies. They have become synonymous to innovation. The media in China calls the country’s rising tech sector, ‘The era of Ma.’”

I have a basket of BATS.L, SWMA.ST, PM, and MO. I bought PM and MO during the pandemic crash. I’m glad I decided to pay a bit more for quality (PM), but I’ve been going down the quality spectrum and have been adding more and more BATS.L to the basket this year. I consider these as ”better than cash” and I’m happy with the dividends and returns so far. The ESG issue is real, but I managed to trick myself into believing in "invert, always invert" and that ESG investors who want to change the world should therefore invest in tobacco stocks.

Tencent bought 10% of UMG in March, 2020. Tencent also had an option of acquiring up to an additional 10% of UMG until Jan 15, 2021 in addition to the 10% they already owned. I wonder if this is a good deal for ODET.PA and BOL.PSA? At least the market seems to think that the deal is bad for PSTH and good for ODET and BOL (both up today), or maybe I'm just imagining things.

More dog money for my 401 (K9): So much wow.

More ALCO yesterday (Thanks Gregmal). More VNT today.

https://horizonkinetics.com/app/uploads/Q1-2021-Review_FINAL.pdf

10 years from now you might be as happy as I am today that I sold this 10 years ago.

Yes ? Feels like I am too diversified and FB is one of my high-conviction ideas that I would be comfortable having a 10% position in, but I'm not there yet.

Adding to FB ?

More BTI with proceeds from WFC ?

This was a pretty interesting book: https://www.goodreads.com/book/show/6387532-the-great-influenza The behavior of humans and viruses has not changed since 1918... Here are some random quotes I found interesting: Maybe I should read about a book about the "Wall Street Crash of 1929" next, so I can prepare for the inevitable.

More BABA. Now a full position.

I meant to say that Tesla's current version is a fraud, so I think we agree ;)

Musk's playbook exposed: https://en.wikipedia.org/wiki/Clarke%27s_three_laws The SEC and customers see magic. I can see through Musk's bullshit and I know the self-driving AI is a fraud, but I also know that he might be right in the end. Reflexivity...