Read on Twitter
1. I've always been interested in how professional fund managers/analysts have one hand tied behind their back
2. I remember during March 2020, some buysiders were saying (in private convo) "if I'm running a PA I'd be buying this and that, but if I pitch that in my fund I'd be fired"
and they were right!
and they were right!
3. Around Feb/March 2020, Google/TTD got crushed.
Consensus was pretty much "ad revenue will get crushed for a few quarters but these companies will come out stronger"
so isn't that a buy? don't want to oversimplify but some funds just cant afford the short term hit
Consensus was pretty much "ad revenue will get crushed for a few quarters but these companies will come out stronger"
so isn't that a buy? don't want to oversimplify but some funds just cant afford the short term hit
4. The central theme of Greenblatt's book "You Can Be a Stock Genius" is institutional constraint. and you see that time and time again
various funds won't buy spin offs, reorgs, bankruptcy stubs...etc
Greenblatt
various funds won't buy spin offs, reorgs, bankruptcy stubs...etc
Greenblatt
5. in my case, as a retail investors, I think my advantages over funds are
- speed (see an idea at 7pm, stay up the whole night working on it and buy first thing in the morning)
- agility (sell at the first sign of thesis breaking)
...(continued)
- speed (see an idea at 7pm, stay up the whole night working on it and buy first thing in the morning)
- agility (sell at the first sign of thesis breaking)
...(continued)
6. more:
- rank speculation ("i'm buying b/c Twitter is pumping it, and look at that chart!" probably won't fly with your PM)
- ability to take pain (although this can work out badly so I'm not sure this is a huge retail advantage)
- low market caps
- rank speculation ("i'm buying b/c Twitter is pumping it, and look at that chart!" probably won't fly with your PM)
- ability to take pain (although this can work out badly so I'm not sure this is a huge retail advantage)
- low market caps
7.
anything else i'm missing? advantages of retail over institution?
anyway WSB vs Melvin ties to this?
anything else i'm missing? advantages of retail over institution?
anyway WSB vs Melvin ties to this?
8. side topic: I get the impression that during 2020, pro analysts PA's crushed their own funds performances.
