Thomas Chua

On 9 April 2020, I published my first post on Steady Compounding. No audience. No plan. Just a tagline: "All Big Things Come From Small Beginnings." Almost 6 years and a little less hair later, that line turned out to be the whole point. steadycompounding.com/life/almost-6-…

Management knows what you want to hear. And quite often, that's exactly what they'll tell you. Your job as an investor is to figure out what they're not saying.

"Patient" and "long-term" are not strategies. They're just words. If your thesis is wrong, being long-term only multiplies your problems. Time is your friend with good businesses and your enemy with bad ones.

@Value_Vantage True that

@SteadyCompound Buffett has been in the game long enough to know that this is peanuts.

Buffett doesn't think the market has come down enough.

@ajvaswani That's quite a way to put it 😂

@SteadyCompound A colossal bubble should have a colossal bust. Buffetts not getting out of bed till we see 40-50% down. Quite frankly even that’s not enough but oh well!

Full transcript for anyone interested: cnbc.com/2026/03/31/cnb…

@Divergent7651 Oh yes, there u go cnbc.com/2026/03/31/cnb…

@SteadyCompound Is there a transcript available for this interview somewhere? Thanks in advance.

@CapexAndChill ikr haha

@SteadyCompound Not for the businesses he is personally eying 🤣

Buybacks aren't automatically good for shareholders. A company buying back stock above intrinsic value is just destroying capital with extra steps.

Fear flips your priorities. In a panic, all you can think about is what you might lose. But the biggest cost is often what you fail to buy. The best opportunities in markets show up when most people are too scared to act.

@nav_dhand Well said, Nav

@SteadyCompound Money is just a tool. The goal was never the number - it's the time, freedom, and experiences it buys.

In the end, wealth is only as valuable as the life it enables.

During sell-offs, people rush into whatever has dropped the most. Down 60%? Must be a deal. But a bad business down 60% is still a bad business. Quality matters more when everything is falling. Buy the companies that will come back stronger, not the ones that fell the hardest.

@AhernInvests New account Dave?

@SteadyCompound Exactly, we don’t get style points at the end for complexity.

Investing is an odd field where effort often hurts returns. The more you trade, the less you make. The more news you consume, the worse you perform. The more complex your strategy, the more likely it fails. Wealth is built by doing less, better.

@bored_cockroach Every day feels like this nowadays when reading the news😂

Sunk cost fallacy has probably destroyed more portfolios than any bear market. "I can't sell now, I'm down too much." The market has no memory of your entry price. It doesn't know. It doesn't care.

In investing, comfort can come at a high price. Conversely, embracing discomfort can be rewarding, as stocks that make investors uneasy often trade at exceptionally low valuations.

@zeroxpectation I like the framework

@SteadyCompound 3 kinds of good stories— 1 with fluffs, 1 with real substances, 1 with grey areas. I usually assess the presenter’s ego and background—especially whether they’ve faced real hardship—to gauge the credibility of the pitch.

A good story is dangerous in investing. The smoother the pitch, the easier it is to skip the hard questions. That's exactly why checklists exist. They force you to slow down and check the facts before your emotions write the check.