25 Big Lessons From The Latest One Percent Show.
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@safalniveshak @iancassel
1. What matters the most to Ian?
Reading, writing, researching and networking/relationship. If he ticks all the four boxes regularly, he feels super productive and happy.
2. Learnings he got from his first mentor in the casino.
I. In your lifetime, you will own a dozen great stocks.
II. Bet small until you know that your betting right. Lean towards winners.
III. Everybody gets attracted to the winners.
IV. To win big, be ready to lose small.
V. If you can't build confidence, you won't be able to sell your idea to others.
VI. If you invest for a 2X, you must invest in a stock where the market thinks the stock can be a 3X.
VII. Speak to managements and make yourself likeable.
3. Eight filters for selecting a microccap
Top-Down
i Tailwinds
ii Scarcity
iii Story
iv Undiscovered
Bottom-up
i Recession-proof business
ii Balance Sheet strength
iii Intelligent Fanatic Leaders
iv Valuation
