@TiehackCapital Thanks John! Simple ideas that have stood the test of time. Hard part is finding the good ones and executing
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Joe Raymond
177 posts
Joe Raymond
@joekraymond
Investor | Writer
San Francisco, CA Katılım Nisan 2016
417 Takip Edilen6.7K Takipçiler
An investment from Charlie Munger’s personal account.
Link in bio for the story.
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@joekraymond Enjoyed the article, Joe. Thanks for sharing. A small quibble: Shouldn't this sentence be phrased "He sold his shares for $80 apiece about a year after buying them." The original version made me stop and re-read it.
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50x in five years.
Cable Information Systems as told by Larry Goldstein.
Link in bio for the story.
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Joe Raymond retweetledi
"I can’t think of a single case where buying a decent, stable business with a multi-decade history of profitability at a negative EV, single digit earnings multiple, and huge discount to book value hasn’t resulted in a home run return. And Eskimo Pie certainly classifies as a home run."
Another gem from @joekraymond
joekraymond.com/100-irr-in-ice…
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Joe Raymond retweetledi
Loved this interview with @joekraymond and @david_katunaric mikro-kap.com/p/alone-on-the…
Completely agree with the below:
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Fantastic interview with @joekraymond. Recommend a read.
Mikro Kap David@david_katunaric
At the link below, you can find my conversation with @joekraymond — portfolio manager at Caldwell Sutter Capital, former analyst under Larry Goldstein, broker in OTC illiquid stocks, and author of what I consider some of the best case studies and untold stories on obscure micro-cap winners. It’s not often you find an investor as skilled or an analyst as diligent as Joe. His perspective really resonated with me, and I’m thankful he agreed to what I believe is his first-ever interview online. Enjoy!
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Thanks for the interview, David! Hopefully people can find something useful in there.
Mikro Kap David@david_katunaric
At the link below, you can find my conversation with @joekraymond — portfolio manager at Caldwell Sutter Capital, former analyst under Larry Goldstein, broker in OTC illiquid stocks, and author of what I consider some of the best case studies and untold stories on obscure micro-cap winners. It’s not often you find an investor as skilled or an analyst as diligent as Joe. His perspective really resonated with me, and I’m thankful he agreed to what I believe is his first-ever interview online. Enjoy!
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@MikeFritzell @ClarkSquareCap I’m new to newsletter metrics but yes I think it’s lower than Substack would be. Delivery and open rates have been good though. And I like the focus on quality and independence.
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@joekraymond @ClarkSquareCap Are you getting free subs from that landing page CTA? I just moved my publication to Ghost and free sub growth is definitely lower
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Great case study of an early thrift conversion by @joekraymond
joekraymond.com/stumbling-onto…
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@MikeFritzell @ClarkSquareCap Thanks guys! Ghost has been great.
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@ClarkSquareCap @joekraymond Love his blog. Built on Ghost, by the way
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@ClarkSquareCap @joekraymond holy moly that's a weird thing for me to read ... almost as weird as this photo I got from Larry's daughter two years ago taken at the factory in brklyn where she gets her product ... and +30 years after Karpel's BK (look closely at the basket truck).
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6x in 8 years with minimal risk.
Larry Goldstein’s first thrift conversion.
Link in bio for the story.
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Joe Raymond retweetledi
G’day everyone!
@joekraymond has agreed to do what I believe will be his first-ever interview (we just need to finalize the exact format for compliance reasons).
If you’re not familiar with Joe, he is, in my view, the best at publishing case studies on some of the most obscure micro-cap winners.
Based on word on the street, the depth of his research, and his thoughtful commentary, it's hard not to be convinced he’s a great investor.
So if you have any good questions about his background, investing style, or the historical winners he’s analyzed, drop them below and I’ll try to include the most relevant ones.
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@lundeen_ne Thanks Ryan. Fun to pull threads and see what happened to stuff
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Warren’s bank basket at Blue Chip.
A little-known Buffett case.
Link in bio for the story.
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@CorpusCol @StocksOddball @MaxfieldOnBanks @Bonhoeffer_KDS I pulled the thread on Natl Bank of Detroit. 100x since 1971, plus lots of dividends. It was Buffett’s biggest common stock position at Blue chip in 1972. joekraymond.com/national-bank-…
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@StocksOddball @MaxfieldOnBanks @Bonhoeffer_KDS Are we doing JPM, Chase, or Bank One? Are we going back to Morgan’s IPO in the 1950s? BNS has had stock since the 1830s, of course it’s #1. That’s double Buffett’s lifetime. Need some limits on this in terms of time.
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