2020 was a weird one but I learned some important things and want to share it.

I started the year with ~30% of my portfolio in Brazilian equities, I was already feeling uneasy about this, but I live in Brazil and you know how it is. 1/x

In the beginning of the year I found an account called @INVESTMENTSHULK that at first look you can mistake for a joke. It's an anonymous account that posts in all caps and had some really weird videos about China. 2/x

I mean, you can call him a fraud, say the videos are made up, but I figured that even if the disease wasn't as bad as it looked, if the panic, lockdowns, etc. that he was talking about spread, the economy would take a hit.

Call me crazy but after following Hulk for a while 3/x

I sold my Brazilian Banks. A position that I had for a while and would cost me in taxes.

I also went shopping and prepared - that was a weird conversation with my wife (I have a pic) 4/x

Ok, so I was "ready", but unfortunately I still had about 70% of my original brazilian position. If you were feeling bad in March, imagine when your currency looses an additional 30% of value.

I should have sold everything, right? I was kinda stuck until 5/x

The news about Barry Diller buying MGM came in. Barry was calling it a "once in a decade opportunity" and I said "fuck it" for the second time and decided to buy MGM and get rid of my brazilian stocks- I did it after the pop when the news came out. 6/x

I made money on that, and more important, I decided that if they were finding good deals I also could. So I changed gears and decided to try and make some money instead of avoiding to loose more. 7/x

I also bought some $DIS before Third Point and was very happy with the event where they seemed to learn with Tesla and announced a bunch of stuff and who cares if it will be any good. It can be all Kylo Ren from here but the stock is up and I was happy. 8/x

I ended the year slightly above the S&P500. I know, a lot of people are gloating about 300% but I Started with freaking 1/3 in taxable brazilian equities. I'm fairly happy.

What did I learn? 9/

First, Information is information. There are Nobel Prize winners writing complete nonsense, and there are anonymous accounts on twitter that can add value. I met some people here I even consider friends. 10/x

There are trolls, yeah, but some people have good reasons to be anonymous, don't discount them.

About the non-anonymous accounts, it's incredible how much people share here (the most valuable are probably the ones not trying to sell you something). 11/x

Lesson number 2: We love to talk about "research" etc. but in the real World we don't get points for being creative. You get points for winning.

I used to think "those idiots are buying Apple after Buffett" but the truth is that some of those idiots do pretty good. 12/x

So, I learned that if you're doing it to feel smart, you're doing it wrong.

If you want to feel smart write a book or something like that, in the stock market you don't have anything to prove.

Just be humble, learn from people who are smarter, and you'll be fine.