07.27.2021 Portfolio Update +
"The game of investing is a process of discovering who you are...what you love to do, then magnifying that until you gain a sizable edge over all the other people." - Li Lu
Before we get into the GOOD stuff, in the last week’s post I said I found different “sections” in substack, but unfortunately sections are not really sections but newsletter within newsletter and so I can’t see how I can really implement it into what I’m doing as of right now.
So for now still sticking to the regular way…
Currently listening to The Confidence Game: Why We Fall for It . . . Every Time by Maria Konnikova.
So far enjoying it…
Here is the breakdown of this week’s newsletter:
P&L Snapshot + Account Details
Earnings Part 1
Sold $DISCA & $FGFPP
$FGNA is now $OPFI
From $OPRA stock to $OPRA Calls
Subscriber’s Question Part 2 (Getting a little personal)
P&L Snapshot + Account Details
*I’m NOT a financial advisor and everything on this substack and these posts are of my personal opinion and this is for entertainment and educational purposes only. Please do your own research and your own due diligence.*
Stocks + Options
A few things to discuss to discuss
1) Earnings recap from last week
$TWTR - Earnings Call Impression - Everything is going as planned. Slowly but surely, need to let things to play out three year time frame.
$ORI - Earnings Call Impression- Keep moving into robotic/automation expansion of technology. Things are really good compare to last year, but we all know what happened last year so its not really big achievement and with that said basically things are okay and so I just keep on monitoring.
$OZK - Earnings Call Impression- George Gleason and the team made impression on me that things are not bad but definitely not easy, so the hopes are not high for the rest of the year, maybe even early 2022. But nothing to be scared/cautious about. On a happier note, Bank OZK announces a share repurchase program. $OZK will repurchase up to $300 million worth of common stock by July 2022, and maybe look out for some M&As.
$OPBK - No Earnings Call
2) Sold $DISCA and $FGFPP
I sold out of $FGFPP to generate cash as last week there was some buying opportunities PLUS I realized I feel much better when I have cash available rather then have cash in some low beta stocks when we are at all time highs in the market.
$DISCA - “when facts change we need to change”. My original thesis(es) were expansion outside of USA (DTC play) via Discovery+ while getting out of the COVID-19 and Olympic Games as a booster. Unfortunately we are still in pandemic mode and on top Discovery announced merger with WarnerMedia while Olympic Games are not going well because Japan has increasing COVID cases with no spectators. PLUS the whole Archegos blow up which technically did gave me a chance to get out with very nice profit but I did not do it and so now I think I can put my money in other places.
With all that said I’m still interested in Discovery + WarnerMedia but I would rather wait for merger to be completed and also focus my mind on things that are a lot less foggy.
3) I been adding to $VMD $SFM $BUR $OPFI $WWE and $FF
4) $FGNA has changed it’s ticker to $OPFI which means SPAC has been completed to Oppfi and I’m looking forward to learning more and watching things as they develop.
5) As I said in last post, I have moved from $OPRA stock to $OPRA Calls that are due in Jan 2022. I have made enough on selling Put Options that I can afford buying Call Options without feeling like I’m wasting my money. PLUS if the stock was to go to less then five dollars I would start buying actual stock, until/if then I have my call options and I can sleep peacefully until 2022.
Subscriber’s Question Part 2
A few week’s in 07.13.2021 Portfolio Update + I did “Subscriber’s Question Part 1” and so today I would like to answer the other half…
“…It would be interesting to chart your development as investor - what books you read, what was your mindset, how did evolve…”.
Or at least try because for me it was not clear I will be where I am today.
I been reading and listening to a lot of books about investing and more closer to value investing. I read and listen to everything I can get my hands on even if I didn’t fully understand it. As I was learning more from famous investors and taking in on their stories of success and failures I start creating my own way of thinking and realizing what should and should not work, and yet I’m still not confident (at least not 100%) to be giving my opinion on anything (unlike some other people on Twitter). Maybe after 10 years of doing this I can feel more confidence about giving advice or opinion with more surety, but until then I try to listen more then I speak.
Few books that I definitely know everyone MUST read are:
Margin of Safety by Seth Klarman
The Intelligent Investor and Security Analysis by Benjamin Graham
Rule 1 Investing and all other books By Phil Town
The Black Swan and all other books by Nassim Nicholas Tale
Not investing related book BUT Power of Now and other books by Eckhart Tolle or any other spiritual or consciousness books to get your mind in the present moment because too many people are not too present in the now and cant think clearly (some might think this is crazy or bogus but here I will definitely can say people are too close minded or too busy with unnecessary things)
I also went through a period of “dark place” in my mid 20s (which I don’t speak too much about) that some how I was about to navigate without major set backs or negative consequences (I hope) and so I got to appreciate certain “silent” things in life which I don’t believe many have gone through.
I am constantly learning about certain areas that really of interest to me which are investing (specifically around value/long term) personal development (self development), personal finance, taxes (on novice level), business, relationships/family, and psychology/mind. If you take a look close look the theme is really around non-fiction. I spend little to no time on fiction types.
From 100% that I read maybe 20% will stick and yet with compounding effect (I stopped keeping count of all the audiobooks/books I listen/read) I think the very important things are usually repeated in many books and I don’t mind learning same lessons via books/audibooks.
Important things stick and others go pass me until its time for me understand them.
For this week here are some things to munch on…
It’s Substack Edition*
Skin in the game - (Substack)
Warren Buffett Explains The Genius Of The Float - (Article)
Fincredible - (Testing this out right now)
Thank you for reading all the way to the end. I really appreciate your time.
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