Karst

Going to use this thread as a running list of books I consider must reads. Adding to it whenever I feel. First one: Sailing Alone Around the World by Joshua Slocum (Written by Joshua Slocum on his journey to be the first single handed circumnavigation)

Bump

Many schools of thought here. I see both arguments. I think it’s helpful under certain instances. IR/Management are salesman for the firm at the end of the day. A lot of investors realize this, some don’t. There’s some signal you can pick up, but you are getting a sanitized, legal reviewed answer for the majority of questions and dialogues you have. It’s important to remember that these are trained spokespeople. Even at large companies internally questions to the ELT at events are pre-screened. “Impromptu” visits are choreographed. Hard to see this from the outside. Speaking with IR/Management can be helpful sometimes. But you’re speaking to a salesman, can’t forget that.

Well written and I agree with the article. I’m long $OMC.

I don’t know who needs to hear this, but if you can’t surf for shit you shouldn’t be touching an asym. You people have lost your minds.

You should see what this is replying to

$CSGP LMAO

New piece out today. Discount to NAV idea with buybacks and dividends below NAV and demonstrated track record of: - Growing NAV per share. - Exiting investments at attractive MOIC / IRRs. - Returning Capital to shareholders in the form of buybacks and dividends. Cash. No debt.

Take what I say with a grain of salt. Everyone has different motivators. I was pretty fortunate to experience a lot of life and travel at a younger age. I got a lot of good perspective about who I was, why I am what I am, and where I’m headed. These things evolve as you age. I’m married now, no kids (yet), but I don’t think my answer has changed much over the last decade+. The purpose, the goal, the “why” really boils down to how I want to look back on my life when I’m in the fourth quarter of life. What kind of man was I? Was I kind? Was I patient? What did I stand for? I want to wake up in my later years and look back and feel that I lived my life well. Adventurous, persistent, grit, happy. It all ends one day. But you really do live beyond on your death. I think about my grandfather every day. His character, the man he was. That’s my why, I think. There’s truly few things that matter, that move the needle.

If you invest, even remotely based on fundamentals, the market is giving you the opportunity to buy an amazing business at a nonsensical valuation. $OMC It blows me away how little attention $OMC gets on here when it hits the boxes that many purport to find important.

Stupid tech.

Like a moth to a flame