Duarte

Investing can still be daunting, but as I continue to learn, I have developed some investment principles that I follow. Here are some of the principles that guide my investment decisions: ⏬⏬

Stop valuing semiconductor companies based on P/E ratios. Cyclicals often look cheapest right at the top of the cycle, just before earnings collapse. A low P/E isn’t necessarily a bargain. It can be a warning sign.

I’m only down 1.2% today. Makes me feel good about the companies I own

Love the bleeding 🩸

I genuinely struggle to understand the mindset of retail investors. They endlessly chase momentum and the next “world-changing” stock, while exceptional businesses with proven track records and attractive valuations sit right in front of them. Human stupidity at its finest.

Two companies I’m patiently waiting to initiate positions: $IBKR $MSCI

Wondering how momentum investing is going for Terry Smith.

Feels good to be up for the day. Buying quality at fair prices makes you sleep better.

My portfolio is so heavily disconnected from the AI hype that every time I see futures tanking in pre-market, I don’t even bother worrying. Peaceful

Think about the last time you actually searched something on $GOOG? Yep, I also don’t remember.

I think investors are overlooking $ULTA. A resilient business with strong cash flow generation, consistently buying back shares. Share count down ~20% over the past 5 years. That’s roughly 4.5% annually

Plenty of work ahead. Trimming $CRWD, exiting a few positions (eg. $CAVA), adding to $ROL and $PLMR, and building a sizable $MSCI position. My largest holdings date back to 2019, when I started investing, and have compounded significantly since. And yes, I sold $NVDA.

Plenty of X accounts grabbing about YTD %. Fasten your seatbelts gentlemen, we know what’s coming next.

Patience paying off $ABNB

$KNSL $MEDP $OLDF $PLMR $MCO $APR.WA. Quality is alive, it’s just a matter of patience and price. Waiting for $BAM $CPRT $DNP.WA to rebound.

Momentum chasers feeling bad today? It’s just the beginning…

The companies everyone thinks AI will destroy are more likely to outperform many AI companies over the next 5–10 years. $ADBE $ACN $CRM $NOW $ROP

This AI & Space mania unwind is going to make the market history books. Meanwhile, I’m adding to my boring compounders: $MCO $MA $CPRT $MSCI $OLDF $KNSL

Market is falling. My stocks aren’t. Good luck with your AI bubble.