Posted on September 22, 2022 by Scott Shuda
Warren Buffett was asked, if you were starting out again today, what would you do to replicate your success?
“I would start going right through companies. I would focus on smaller companies because I would be working with smaller sums and there’s more chance that something is overlooked in that arena.
That’s the only way to do it. I mean, you have to buy businesses or little pieces of businesses called “stocks” and you have to buy them at attractive prices.. That investing advice will be the same 100 years from now. That’s what it’s all about.
You can’t expect anybody else to do it for you. People will not tell you about wonderful little investments. It’s not the way the investment business is set up.
You’ve got to learn what you know and what you don’t know. Within the arena of what you know, you have to pursue it very vigorously and and act on it when you find it. You can’t look around for people who agree with you. You can’t look around for people who even know what you’re talking about. You have to think for yourself. And if you do you’ll find things.
*Josh Ebben posts a link for us to Aaron’s Monthly Elite Call 9-22-22. Let me check my calendar…hey, that’s today! Always great info.
*Coincidentally Aaron has a new Seeking Alpha article, “Intrusion Nears Pivot Point.”
*Scott Shuda posts an article, “The Biggest Tech Talent Hubs in the U.S. and Canada.” There are now an estimated 6.5 million tech workers between the U.S. and Canada. California’s Bay Area, remains the most prominent, while Seattle, Salt Lake City, Portland, and Denver have put up strong growth numbers in recent years. Emerging tech hubs include Raleigh-Durham. Toronto leads in Canada by a large margin.
*Scott also posts that despite the boycott of Russian diamonds a handful of Indian and Belgian buyers who are snapping up large volumes at lucrative prices.
*Florian Buschek post interesting charts on the Feed, “Where are we in the Presidential election cycle?”
*Florian has an article stating, “Global oil supply-demand balances in July reached their highest level of oversupply since the beginning of the pandemic, with supply outpacing demand.”
*In General Discussion Todd Goodwin posts, “Avi Gilburt’s primary expectation now is for a decline of around 10% for the SPX over the next 2-3 months, and that should be the bottom (3362-3508). Once that happens, his target is SPX 5100 by 2023-2024. And that’s it for the LT bull market.”
*Electrifying: Hertz (HTZ) plans to order 175K EVs from General Motors (GM) before 2027.
*More electrifying: FREYR Battery SA (FREY) ended the day up 17%. Morgan Stanley thinks the EV battery company can rally 350%.
“I try to buy stock in businesses that are so wonderful that an idiot can run them. Because sooner or later, one will.” -WARREN BUFFETT
Good luck to all – Chris
Join us on the Breakout Investor Platform (BIP) to discuss DMIFF and other great little companies where our community shares research and analysis. We seek to be Ahead of the Curve in identifying and owning great companies with catalysts that could make them the next Breakout Investment. Membership and most of the content on BIP is free.