3-Bullet Sunday (Being a full-time investor, how will the market perform next year, & why Pabrai sold BABA?)
Happy holidays!
This year I took a leap of faith and left my job to write full-time at SteadyCompounding.com
It has been an amazing journey so far and I have enjoyed every moment of learning and writing for you.
You, my readers have made this possible, and I thank you all!
I share my reflections on my journey and the top articles & books for 2021 in this article.
I. 🎧 Podcast Interview: Being a Full-Time Investor
🎧 Listen (40min): Apple Podcast and Spotify
In this podcast, I share about my journey, the investment framework I favors, how I looks at loss-making companies as well as my thoughts on Chinese stocks such as Alibaba.
Time Markers:
00:01:27 - Why Thomas Started Steady Compounding
00:03:52 - Thomas’ Journey To Becoming An Investor
00:07:11 - Why He Left His Job To Become A Full-Time Investor (FTI)
00:10:47 - What His Life Is Like As A FTI
00:13:04 - His Investing Framework And How It Has Evolved Over The Years
00:19:35 - The Mistakes He’s Made So Far And How It Has Shaped Him As An Investor
00:22:27 - Thomas’ Mental Model In Handling A Volatile Market
00:25:32 - His Thoughts On The Chinese Market
00:32:16 - Does The “Price” Of The Market Influence His Decisions To Invest?
00:35:15 - Bonus Questions!
II. What the stock market does this year says nothing about what will happen next year
It triggers me mildly whenever people say things like "the market had a huge bull run this year, chances of a correction are high, better to stay in cash."
There is nothing wrong with going to cash if it helps you sleep better, but if it is based on historical prices without regard for fundamentals, then it's a little silly.
III. Why Pabrai Sold BABA
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