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There's no genius behind @FundsmithLLP - a simple Quality screen (portfolio of 25 high quality stocks, rebalanced every 6 months, equal-weighted) is identical. @DividendGrowth anyone can achieve this with discipline.
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Hindsight Capital LLP 🧠📈
4.1K posts
Hindsight Capital LLP 🧠📈
@hindsightllp
Don't be fooled by randomness. Think with your brain, love with your heart.
Katılım Ağustos 2018
214 Takip Edilen974 Takipçiler
Hindsight Capital LLP 🧠📈 retweetledi
Extraordinary thing here is only partly his total confusion about how income tax and IHT work plus utter ignorance of the trust system. Main bit that threw me is that he doesn't know how NI works. And thinks he has paid way more tax than he has. How does this happen?
Proper Memes 〓〓@Proper_Memes
Gary doesn't even understand the basics of taxation, like income tax vs inheritance tax or corporate tax vs consumption tax.
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@moneyandmore72 It's the investors' fault for believing Terry that buying expensive stocks is a good idea because of their "quality"
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Fundsmith Equity Fund - Now 13% behind its benchmark year-to-date in 2026. Unilever, once a top pick for the fund, has been exited. The outperformance since the fund's inception is 0.7% annualised. Very hard to explain away as "the market's fault" IMO. fundsmith.co.uk/factsheet/
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@2147mill It doesn't "end" 😂 as long as capitalism exists
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@itmrandy They dismiss it because they're using it but would like you to believe they aren't
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Momentum doesn't work every year, but over time, it's proven to a be a real, sustainable edge.
I'm always bewildered by professionals that hate on or refuse to acknowledge the existence of momentum. I feel like some dismiss it because it's "too simple."
But what's wrong with that?
Why make things more complicated than what's needed?
Momentum is simple, intuitive, and (most importantly)... it works!
(Note: this data is from Kenneth French's online database.)
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I'm 22 years old and Claude Code is deteriorating my brain.
Every single day for the last 6 months I've had 6 to 8 Claude Code terminals open, waiting for a response just so I can hit 'enter' 75% of the time. And it's doing something to me.
In convos with a couple of friends, it's been a point that's been brought up pretty frequently.
None of us feel as sharp as we used to.
I don't know if it's just us, or others in their 20s are feeling the same thing, but it's something I've been thinking about a lot.
P.S. I know this is a problem with my reliability/usage of it, not Claude Code itself, but the effects are real nonetheless
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@hendry_hugh That's all good Hugh but did you tell us to buy it 12 months ago?
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@qcapital2020 The vast majority of the revenue isn't AI related...fix your chart
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@DrewCohenMoney Sounds like something ChatGPT would say
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$INTU CEO on why ChatGPT can't do your taxes
1) high stakes financial decision and can't ensure accurance
2) doesn't stand by the output like Intuit does if there is something wrong (and an IRS penalty)
3) Lacks the customer data Intuit has
Also notes, Intuit already has an AI platform that uses LLMs and machine learning (with their data) combined with human intelligence
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@ebitdaddy90 As a general rule, the more books on the shelf, the smaller the alpha, the smaller the D.
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Dividend investors are legitimately retarded - never try argue with one, huge red flag
Excess Returns@excessreturnpod
"Price appreciation is the only thing that drives capital accumulation over time. Dividends actually play no role whatsoever in capital accumulation." Michael Mauboussin on his one investing belief that the majority of investors would disagree with.
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𝚝𝚑𝚊𝚝'𝚜 𝚒𝚗𝚜𝚝𝚛𝚞𝚌𝚝𝚒𝚘𝚗. 𝚜𝚝𝚘𝚙 𝚋𝚎𝚒𝚗𝚐 𝚊 𝚕𝚒𝚝𝚝𝚕𝚎 𝚋𝚒𝚝𝚌𝚑 𝚊𝚗𝚍 𝚕𝚒𝚜𝚝𝚎𝚗 𝚝𝚘 𝚙𝚛𝚒𝚌𝚎.
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@ChrisBloomstran But do you have a little plack on your desk with your investment 'principles', but violate them every time you make an investment?
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Just registered for an IPO and changed our name to Semper Augustus AI Group. Expected to sell 3% to 5% of the company at a $1.5 trillion valuation. Non-voting shares. No lockup period.🚀
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Rough math from Claude, but if you strip out Ackman's 3 notable macro trades (i.e., side quests) , you end up with CAGR since inception of about 10%, roughly in line with SPY.
Boring_Business@BoringBiz_
Bill Ackman on how he made $2.5 billion by hedging and shorting stocks during March 2020 Worth a listen "There was a massive storm coming. We could see the storm, but everyone else was playing on a beach. We bought a credit default swap on the index, and over a 10 day period, we bought about $74 billion notional of this insurance. It cost us only $27 million. 10 days later, it became worth $2.6 billion. We took that money in March 2020 with the market down 30% and bought stocks"
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Hindsight Capital LLP 🧠📈 retweetledi
ARK Invest published its 2021 “research” report on Tesla, thoughtfully estimating metrics on where the car company would be in five years. The results are in. Turns out Cathie & Co were just a tad bit optimistic in their forecasting skill. That was sarcasm. The scorecard: 1/
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@hendry_hugh You pivoting into the manosphere? Or is this a poetic reference to bond holders?
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𝚢𝚘𝚞’𝚟𝚎 𝚋𝚎𝚎𝚗 𝚏𝚞𝚌𝚔𝚒𝚗𝚐 𝚌𝚊𝚜𝚝𝚛𝚊𝚝𝚎𝚍. 𝚝𝚞𝚛𝚗𝚎𝚍 𝚒𝚗𝚝𝚘 𝚊 𝚜𝚘𝚏𝚝 𝚘𝚋𝚎𝚍𝚒𝚎𝚗𝚝 𝚊𝚜𝚜𝚎𝚝-𝚕𝚒𝚐𝚑𝚝 𝚋𝚒𝚝𝚌𝚑.
𝚊𝚗𝚍 𝚢𝚘𝚞 𝚝𝚑𝚊𝚗𝚔𝚎𝚍 𝚝𝚑𝚎𝚖 𝚏𝚘𝚛 𝚝𝚑𝚎 𝚌𝚊𝚐𝚎.
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@DrewCohenMoney You're focusing on the sample of winners without considering the 90% who didn't outperform. What about all the track records you haven't seen? All the funds and separate accounts that got liquidated because they underperformed. The industry manufactures track records.
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@hindsightllp Thanks Hindsight
So then there is a long list of investors with a good return over a 30 year period right bc it was just about investing in a high rate enviroment?
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Francois Rochon investment returns vs an index.
$100k in the index turned into $2.2 million
versus
$100k invested with Francois Rochon at $8.7 million
This is over a 30+ year time period.
He is a very under-studied investor.
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