Common Sense Contrarians
@CSContrarians
LT investor dedicated to the principle of lifelong learning
The most dangerous type of emotional decision making in investing is when your reasoning is entirely driven by some upstream bias that you are oblivious to This is *super* dangerous bc conclusions will seem very well thought out. You won't ever think it's built on hollow grounds
This is also why I have never understood the CS vs finance debate that often gets repeated in many elite American colleges These two career paths are so vastly different. Better to first ask yourself: what do I actually enjoy? Stop worrying about others opinions
Without the “Magnificent 7”, the S&P 500 would have only gained 4.1% in 2023 and 6.3% in 2024 on a price return basis. The index’s actual price returns were 24.2% and 23.3%, respectively.
This is the best 2024 summary of AI stuff I’ve found, by @simonw simonwillison.net/2024/Dec/31/ll… Things I’m most excited for in 2025 - First real year of true multi modality and newly possible apps - whether we can solve “gullibility” challenge for agents - dealing with AI “slop”
Eureka moments are overrated. Effort is underrated. Data: your first idea is rarely your best idea. The more time you spend brainstorming, the more space you make for divergent thoughts and unexpected connections. Creativity flourishes with persistence and patience.
Acknowledged or not, every investment is a bet on people.
“In markets, competitive advantages are three: informational, analytical, or behavioural” - Bill Miller (Founder of Miller Value Partners)
"A great business at a fair price is superior to a fair business at a great price." - Charlie Munger x.com/evfcfaddict/st…
What was your biggest learning this year? For me it’s the even bigger focus on management/cap.allocation. Eg some months ago I would have bought $ISC.TO at todays price cause it’s a cheap monopoly. But they love to do m&a at higher multiples than their own plus high debt=pass
Top 5 Highest Performing Stocks in 2024 $PLTR, $VST, $NVDA, $GEV, $UAL
If you're a guy in your early 20s, buy this book Go into debt if you have to... x.com/StevenPulteFam…
If you’re a guy in your early 20s, buy a Rolex. Go into debt if you have to
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