Joe Value 🕊️

Investment related books I’ve read over the last 18 months, with ratings

Coming April 4th or 5th.

Can't wait to hear from the real domain expert

Don’t you find time and experience of the present so crazy when you think about it? Right now I’m sitting here with a warm sleeping baby on my chest. One small snapshot in time. Feels like it could last so long but it’s just one moment that will pass so quickly. No matter what I do. Same with waiting in a queue, can feel so frustrating and painful and will last forever - especially in an airport when you’re tired and uncomfortable. But that too passes so quickly and is so meaningless. All just moments you get to experience on a tiny little planet. Spinning around a start. For a fraction of a moment. Like a firefly with its one night of life. Burn bright and enjoy the moments. Learn from them and learn to make the most out of it. You didn’t do anything to deserve being born, but here you are as a gift given to enjoy some experiences for a few moments and then who knows what come next. But these moments won’t come again Crazy and amazing 🤯❤️

@jptissot1 @mavix_leon 💯

This is how you respond. Sharing openly your reasonings and conclusions, with respect and elegance to different or similar conclusions equally. @mavix_leon is such a gentleman 🙏

This week, @jptissot1 & @ricardog_77 shared their thoughts & concerns regarding Shelly $SLYG and reasons why they sold the stock. In my view it was very objective criticism and such critical comments, especially about stocks I own, are the main reason why I still share my investments in public. It is essential to continually and critically assess one’s own investment thesis. Everyone may come to different conclusions, but the aim of everyone involved should always be to discuss the matter objectively. I think the most important point that was raised is the significant increase in accounts receivable in Q4 2025, and I’ve finally had the time to put my thoughts on this together. These are just my thoughts on the matter; the truth may be different, but I’m happy to put them forward for discussion here 1/x

🚨BREAKING: SUPER MICRO CO-FOUNDER ARRESTED FOR SMUGGLING $2.5B IN NVIDIA GPUs TO CHINA >SMCI co-founder Yih-Shyan "Wally" Liaw arrested today >personally holds $464 MILLION in SMCI stock >charged with smuggling BILLIONS in Nvidia servers to china >used a southeast asian shell company to funnel $2.5B in servers to chinese buyers >$510 million worth shipped in just THREE WEEKS in spring 2025 >built thousands of fake dummy servers to fool U.S compliance auditors >caught on surveillance camera using a HAIR DRYER to swap serial number stickers >coordinated the whole thing over encrypted group chats >SMCI down 12% after hours >faces up to 30 years in federal prison ITS SO OVER…

@evrgn11112231 @rhomboid1MF @Invesquotes Stores I’ve been to are fine. Pretty good value stuff. I don’t see any issues at all. Wife likes buying cheap stuff there sometimes. Same as home bargains IMO

@rhomboid1MF @Invesquotes what's the tell

Any good reads on B&M Value Retail? Quite familiar with the name at this point but open to get some more reading material TY! $BME LN

You are a true asset to the public discussion here on X. There are always going to be people that aren’t nice on here, and nothing anyone can do to change that. That is life and human nature in all its glory. Stay true to what you’re doing and know that you’re truly valued here by many many people. Keep up the great work and let the haters expose themselves for the kind of people they are. It’s not a reflection of you it’s a reflection of them 🙏

This week I shared this thread explaining why I exited $SLYG — a position I had been publicly vocal about for years. I shared it because I had been public going in and felt a moral duty to explain my thinking transparently, with my name on it. What followed is what I want to address today.

Good clarification. Thanks

@SimeonResearch_ Buffett quotes are used as confirmation bias to justify view

The buy-and-hold mantra is dangerous, the way I see it applied by many here. I think Buffett advice has been greatly misunderstood and can do more damage than good if taken out of proper context. At it's core it encourages you to buy good companies and that is very fair and good practical advice, depending on your strategy (others like a more catalyst driven style which is also fine). But buying companies and then when the thesis/data is drastically changing and you are not reacting because you need hold long term for some reason as if the issue will fix itself is not a viable strategy, at least in my experience. If you observe Buffett’s portfolio and generally in investors that have great skill you will see that turnover is rather high, switching around until a winner is located and that one winner makes the most returns. (And again many times it’s in your best interest to trim the winner as the valuation can run way past for what is feasible). Pay attention to what they do not what they preach… A counter argument I see very often to this is that $AAPL lost 80% of its market cap 5 times Or $TSLA dropped x this many times and came back. Valid but you are cherry picking the exception not the norm, these are mega winners which to find and hold is insanely difficult and very rare and making them as if this is the usual case is not probable. For every Apple or Tesla, there are thousands of businesses that never recovered nor will. Nothing is guaranteed no CAGR or return, investing is inherently a very dynamic game. Stubbornness and ego have no place here (been there done that) Everything changes, and we must adapt and improve constantly. So many bets will not work out. But some of them will massively Don’t be afraid to sell when you are wrong, when data changes, or when the opportunity cost is way too high. Follow the thesis, not your ego! Open to debate as always, no view of mine is meant to stay unchallenged, this is how we grow. Why I am putting effort to write these snippets without using ai (I make typos I know!) to promote discussion and critical thinking is beyond me should just pump shitcos and get 10x the views…. 😂

@RealDavidHanson @alvarofaraco @MikeFritzell This is poor. I’ve been a long time sub from the start. Will look at switching now

That change was unrelated. Ultimate subscribers also have that same restriction. One of our core data providers made a global policy change restricting table display to 10 years max across all partner platforms. That said, Pro subscribers, specifically, have access to multiple data sources and can still access 20 years of data by: - Clicking into any row to chart the full history - Switching to our Morningstar data source, which offers 20 years in table form with full Excel export

Macro noise aside, I don't see good fundamental reasons for the selloff in Santec (6777.JP) this week. If anything, GTC and OFC 2026 announcements signal an improving outlook for the company. The entire optical supply chain is gearing up for a generational production ramp. Everyone up and down the stack is screaming about Bajillion TAM figures and output constraints. Santec must be maximizing the manufacturing capacity of its optical components and test instruments, and it will be golden. The multiples are high, but so is the earnings growth I see in the next three years. I think the fair value today is around ¥30,000 per share, and my assumptions will likely prove conservative. Santec’s management just keeps delivering.

We have published a Q&A summary regarding our FY2026/10 1Q financial results, covering key questions from investors and our responses.    ・Questions and Answers on Financial Results for the First Quarter of the Fiscal Year Ending October 31, 2026 contents.xj-storage.jp/xcontents/AS05…

**Incrimental** opinion based on OFC so far. For example, Nvidia showed nothing new so neutral even though recent ISSCC presentation amazing. Full OFC coverage will take 2-3 weeks. So much stuff.

@Monolith_Cap Agreed

I also sold my position. My rule is any financial shenanigans isn’t worth mind-space worrying about

Following Shelly´s Q4 results, Arauca Capital has fully exited Shelly Group $SLYG. We are no longer shareholders. Some of the assumptions I held are no longer true *for me*. This is exclusively my process — I am sharing part of it here. I do not expect anyone to agree. I remain a committed supporter of the company and a genuine admirer of what Dimitar built. The potential is still immense — provided the right environment is in place. Disc: not a recommendation. Arauca Capital no longer holds Shelly shares. Note: @ricardog_77, a former member of my team who has followed Shelly independently for years, published his own thread on the same topic and prompted me to accelerate mine. His views are his own. I recommend reading both.

Watch it here: youtu.be/5IOP8kKUpHg

Totally brilliant 🤩 This conversation between Tony Robbins and Alex Hormozi is a masterclass in psychology, success, and fulfillment. It explores why even the most "successful" people can feel numb and how to fix it. Here is a 10-sentence summary: • The Trap of Success: Tony explains that high achievers often hit a "numbness" set point because they’ve trained themselves to equate success only with pain and endurance [01:18]. • The Astronaut Syndrome: He uses the analogy of moon-walking astronauts who return to Earth and struggle to find meaning after achieving their ultimate "moonshot" [00:26]. • Mind vs. Heart: Tony argues that the mind is a tool for execution, but it will never make you happy because it naturally reduces and compares everything [08:23]. • The Power of Language: Alex realizes he has been looking for "goals worth suffering for," but Tony warns that your words shape your reality—if you look for suffering, you will find it [07:44]. • Duty vs. Joy: A major shift occurs when they discuss moving from "duty" (push motivation) to "contribution" (pull motivation) [03:34]. • The Definition of Wealth: Tony redefines wealth not as money, but as the state of feeling "fully alive" and connected to your work [06:12]. • Escaping Survival Mode: Even billionaires can get stuck in "survival mode" by trying to manage everything rather than leading with impact [06:53]. • The Law of Familiarity: Tony warns that human nature causes us to take even the most incredible successes for granted unless we intentionally "wake up" our appreciation [05:30]. • The "Minimum Dose" Strategy: He challenges the "no pain, no gain" fitness mentality, suggesting that over-suffering actually tears down your psychology and results [02:14]. • Choosing Fulfillment: The ultimate takeaway is that while pain is part of life, suffering is an option—and true joy comes from contribution larger than oneself [07:52].