3-Bullet Sunday, 7 Mar 2021

Happy Sunday Everyone!

Excited to share that I've been invited to speak at the upcoming Seedly Personal Finance Festival 2021. I will be covering WORKSHOP: Step-by-Step, Everything You Need to Know Before You Start Investing at 1100 AM.

Sign up with promo code "THOMAS40" for a 40% discount!

Another piece of good news is that I've made it for a second time in a row as one of Seedly top writers! Grateful to all my writers for taking the time to read my blog.

If my blog and newsletter have been helpful to you, please share it with your friends! It would encourage me to share more about the investment frameworks and mental models that have helped me greatly.

I. On the recent growth stocks pull back

In my earlier article, I discussed Michael Mauboussin's white paper on the concept of duration applied in the stock market.

Basically, companies with no free cash flow at the moment (often due to heavy reinvestment) would be the hardest hit when interest rates creep up.

This week we have seen interest rate creep up and many of our SaaS names which have been reinvesting heavily to grow their market share take large dips.