Hi Multis
I’m going to start this Overview Of The Week in the same manner as last week: happy Father’s Day! Last week, we celebrated it in Belgium but today, the US and many other countries celebrate fathers.
I hope you enjoy or enjoyed your day if you are a father and celebrating this day. With Juneteenth, it was a long weekend.
In the upcoming week, I’m going to Vail, Colorado, for the Intellectual Investor conference of my good friend Vitaliy Katsenelson. This is a picture from two years ago.
As you see, the group is not that big, and that’s on purpose. It’s on an invitation-only basis, and Vitaliy doesn’t accept more people. That’s why the presentations are a bit longer, and you get to know the people much better. The level is very high, and it’s a joy to be invited again.
I’m already looking forward to the presentations. Mine will be about my biggest holding. Seasoned Multis know that this is Mercado Libre. This is the title page of my presentation.
As I’m flying to Vail and back this week, I will have a bit less time to write, but it will be a very inspiring week. In such weeks, the soil gets fertilized, so to speak. I don’t often get direct investment ideas, but I can talk about certain topics, themes, and technologies with people with deep knowledge, and that sometimes triggers an idea.
Articles In The Past Weeks
This is the third article this week.
In the first article, I selected the Best Buys Now for this month. So far, the selection had a good start.
In the second article this week, Zack and I analyzed CrowdStrike.
Memes Of The Week
Just one meme this week, shared by the Potential Multibaggers Meme King, Flo.
Interesting Podcasts Or Books
This week, I listened to a very interesting podcast episode of Stock Club. Guests were Neeraj Khemlani and Matthew Ankrom, the people behind the book The Coffee Can Investor.
They talk about what it takes to find 100 baggers. You can listen to it here.
The markets in the past week
How did the markets do in this four-day week?
As you can see, it was another volatile week but the indexes ended in green. The S&P 500 was up 0.93%, the Russell 2000 gained 1.22% and the Nasdaq 2.43%.
Weirdly enough, the Greed & Fear Index remained firmly in FEAR territory.
Quick Facts
1. The SpaceX IPO (pt. whatever)
I get some questions, some pretty arrogant, on how wrong I was on the SpaceX IPO.
This is supposed to be the evidence on how wrong I am.
Well, you can guess I got the majority of the questions on Tuesday, June 16, when the stock was up 25% from where it opened, not on Thursday, June 18, when it was just up 13% from that open.
I don’t know how many times I have to repeat it, but I’m not a trader and I’m not interested in short-term returns. I’m an investor, not a trader. Investor comes from the Latin
I studied Latin for 6 years (and now on Duolingo again as a refresher), and that means I know the origin of the words speculator and investor. They are not the same.
The Latin word speculator means an observer, a spy or someone who examines something. But that’s inherently short-term. Later it was used for someone who anticipates future developments and takes a short-term position based on that judgment.
People who have listened to the fantastic David Gardner will know the origin of the word investor. It comes from the Latin word investire, which means: to clothe. If you invest in a company, you wear the clothes of that company, as it were, as if you become a part of the team. That’s totally different and inherently meant for the long term.
So, I don’t care a bit what the SpaceX IPO does over the short term. What I do know is that I could see myself become an investor if the stock drops a lot. And for those who think that’s not possible, don’t forget that in the next few months, the market will be flooded with shares. Right now, the float is just 4%-5%, but that is about to change pretty quickly. This is the vesting schedule.
If the stock drops a lot in the next year, I might consider investing in SpaceX. Right now? No, thanks, not interested at all.
Below: the stat that proves why you should never try to time the market, the table that shows which AI infrastructure stocks are still cheap (and matches what I just put in the Best Buys Now), why one of my picks jumped 32% in four days, and of course, much more. Don't want to miss opportunities like this one again?