Sublime

I've spent years obsessing over 100-baggers. I recently found Anna Yartseva's study that analyzed 464 ten-baggers over 24 years. It challenged everything I thought I knew. FCF yield dominated every other factor. Here's why I'm rebuilding my approach:🧵... See more

Investors generate excess returns when they buy the shares of companies prior to a revision in expectationsabout future cash flows. A key determinant of cash flows is a company’s ability to allocate capital toinvestments that create value. The current principles of accounting do a poor job of separating investmentsand expenses, creating a veil that... See more

Here is V2 of my company "Initiation Report" Deep Research Prompt. Serious thanks to the community for the feedback. This thing is pretty badass now. _____ I've made several updates: • No longer too positive: People rightfully called out that the previous model rated everything a buy. I made several... See more

New Mauboussin paper. https://t.co/kZ7XopMFOA https://t.co/Kg3Cqzarkm