Huvpur

@huvpur

compounding is the 8th wonder of the world.

Katılım Mart 2022

1.3K Takip Edilen146 Takipçiler

Huvpur@huvpur·21 Nis

@FundamentEdge Were you a growth guy, GARP....?

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Brett Caughran@FundamentEdge·21 Nis

With Fundamental Edge instructors Paul Johnson & Andrew Carr, we run the Applied Value Investing Certificate for Wall Street Prep (I don't consider myself a classic Value Investor by training, so Paul carriers the heavy lifting on Value Investing). On Friday May 1st, I am hosting a webinar where I did an agentic study of 175 of Warren's past complete stock sales to build patterns around "Why Warren Sells". (even though I was always more of a Charlie guy) Everyone focuses on Buffett's large never-sell positions, but he has actually been quite a skilled seller of stocks over the years (i.e. when he completely exits, on balance, that is a strong signal of prospective underperformance vs. the S&P 500, though there have been notable exceptions like TSMC) This effectively creates a "Sell Like Warren" agent you can apply to your existing portfolio: "would Warren sell this?". I found it to be a fun demonstration of the pattern recognition abilities of agents (and more intended as a meta-ability of agents vs. an operationalized tool, though it seems like Greg Abel could use some help...) Open to all registrants (link in replies)

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Huvpur@huvpur·8 Nis

@Ross__Hendricks we back longing oil?

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Ross Hendricks@Ross__Hendricks·8 Nis

Welp, that was fast… ceasefire didn’t even last 24 hours

zerohedge@zerohedge

GHALIBAF SAYS BILATERAL CEASEFIRE, TALKS 'UNREASONABLE'

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Huvpur@huvpur·4 Nis

@FundamentEdge I have thought about something similar as well but the one thing I struggled with was the scuttlebut / primary research or qualitative aspect of these reports. Any thoughts as to how you can get as to close to this as possible through agentic workfkows?

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Brett Caughran@FundamentEdge·3 Nis

I'm building out "AI-native" coverage on my old healthcare coverage (153 healthcare stocks ex-therapeutics that I covered institutionally for ~10 years). I am testing how close I can get to institutional-grade coverage while doing as little as possible manually: ramping research, building/updating models & building active coverage systems all in an agentic work platform. TO BE CLEAR, the goal isn't to deploy capital and I have zero belief that I can build an alpha generating portfolio without deep focus & rigorous primary research. However, I'm coming up with all sorts of ideas to both speed and deepen rigor on this process. It's been fun, at times frustrating, and at times mind blowing. But day by day I'm convinced that if I was back in the seat ramping coverage for real, high-stakes capital deployment, I would adopt many of these workflows. One I rather liked as a really nice triage & focus tool is a Skill I called "The #1 Thing", which is the most important fundamental metric or debate on a stock which is the key hinge point between the stock working or not. The idea is in re-embracing coverage, what is the #1 bet I would need to make on all 153 stocks to put them in the bucket of "potential long" or "potential short". This will help inform the custom agentic research process for each name. I built this for DHR below, and I'm building this into a 153 page report (1 per name under coverage). This will help me understand, across my coverage, the active research I will need to deploy to build active, deep dive agentic research & the proper tracking systems for the #1 thing across my coverage. Effectively, it will help my systems "climb the right research mountains". If you are interested, I will share a bit more on how I built this on our next open webinar next Thursday (will drop registration link in bio).