Building a durable growth portfolio through long-term quality investing | Writing about the process for my younger self | No financial advice | Nothing to sell
Joined May 2009
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If you're a new follower, here's what to expect:
I share my journey, covering learnings, successes, and mistakes, with a focus on durable growth.
Rather than aiming for the highest Year-to-Date (YTD) returns, I aim for a high Compound Annual Growth Rate (CAGR) and becoming 1% better each day for decades to come.
I discuss a variety of stocks, leaning towards those with a high likelihood of success over the next 10+ years, particularly favoring smaller market caps ($1b to $10b) for their potential as multi-baggers.
While I write a lot about software, I try to avoid labeling and fixed thinking, remaining open-minded to all kinds of opportunities including unsexy supermarket chains with a high Return on Invested Capital (ROIC).
Software as a Service (SaaS) with high Dollar Based Net Retention Rates (DBNRR) simply captivates me as it's still eating the world, and if I see potential upside, I'm on board.
I also stay away from trading, dividend investing, crypto, speculation, and macro considerations in my investment decisions.
My favorite investor so far is a living legend: Peter Lynch and his book 'One Up On Wall Street'.
I'm dedicated to finding true happiness and peace of mind. While money doesn't buy it, it does ease many worries. If I can help you achieve that too, that's a big win.
Thanks for joining me on this journey. Here's to an exciting 20+ years ahead!
ALT peace of mind
Moritz Drews retweeted
1/ When I started investing at the end of 2018, there were many incredibly fast-growing companies (like Crowdstrike) with recurring revenues (sometimes over 100% per year) and rising margins. SaaS was still an unfamiliar term for many.
(thread)
Moritz Drews retweeted
Loved this short essay by @bogumil_nyc: similar outcomes in investing, but wildly different journeys (12 min)
open.spotify.com/episode/6w2…
The power of compounding is insane
A 10-bagger (the hardest part) 'only' needs 4 more doubles to become a 100-bagger (10.000% gain):
2× → 20×
2× → 40×
2× → 80×
2× → 160× (well past 100×)
Q4 is going to be very interesting for $PDX with two major game releases (Bloodlines 2 and EU5). One if them I expect to be a miss (BL2), but the other one has a high chance of becoming another decade-long cash cow generating high returns on capital
Paradox Interactive $PDX is a hidden gem in gaming:
an asset-light, cash-rich company dominating the strategy niche with fan-favorite titles and high insider ownership.
Let’s dive into the investment case
(thread)
ALT PDX
$DNP Q2 19% rev growth and 8.8% LFL growth vs Biedronka's 5.3% LFL growth 👌
Less AI talk, I said… but 6 years in with $DDOG 🐶(one of my few "exciting" names left), I can’t skip sharing some thoughts on recent earnings...
ALT $DDOG
ALT $DDOG
ALT $DDOG
Moritz Drews retweeted
If you're a new follower, here's what to expect:
I share my journey, covering learnings, successes, and mistakes, with a focus on durable growth.
Rather than aiming for the highest Year-to-Date (YTD) returns, I aim for a high Compound Annual Growth Rate (CAGR) and becoming 1% better each day for decades to come.
I discuss a variety of stocks, leaning towards those with a high likelihood of success over the next 10+ years, particularly favoring smaller market caps ($1b to $10b) for their potential as multi-baggers.
While I write a lot about software, I try to avoid labeling and fixed thinking, remaining open-minded to all kinds of opportunities including unsexy supermarket chains with a high Return on Invested Capital (ROIC).
Software as a Service (SaaS) with high Dollar Based Net Retention Rates (DBNRR) simply captivates me as it's still eating the world, and if I see potential upside, I'm on board.
I also stay away from trading, dividend investing, crypto, speculation, and macro considerations in my investment decisions.
My favorite investor so far is a living legend: Peter Lynch and his book 'One Up On Wall Street'.
I'm dedicated to finding true happiness and peace of mind. While money doesn't buy it, it does ease many worries. If I can help you achieve that too, that's a big win.
Thanks for joining me on this journey. Here's to an exciting 20+ years ahead!
ALT peace of mind
One bad habit I’ve seen (and guilty myself) is having (emotionally charged) opinions on things that don’t matter, like a stock I don’t own or a trend I’m not part of. I’d rather use that energy for real outcomes. If you catch me ranting about irrelevant stuff, please call me out.
Moritz Drews retweeted
$TTD is deeply oversold, last seen in 2022. OBOS (screenshot) confirms it, and it’s 25% below historical valuation.
If you believe in the future of digital ads ($1T TAM of which TTD captured just 1%), streaming, open internet and Jeff Green, this could be an opportunity.
Moritz Drews retweeted
When to sell:
A few bad quarters ≠ a broken thesis. When it's truly time to sell, you'll know - it’ll be obvious. Yes, you’ll take losses. Timing won’t be perfect. Move on.
It’s the rare 10,000% winners that drive long-term returns, not dodging every –50% drawdown or high P/E.
Looking ahead, I guess $DDOG is likely to hit ~$3.391 (26% YoY) at the end of their fiscal year - even better than I expected. Good Dog!