Happy New Year David! I really liked reading this. Charts are the last thing I personally look at before investing. If there isn’t a clear breakout yet, I will set an alert on the volume and the Moving Averages crossings. This helps increased my IRRs in 2025 as limited money went to stocks that didn’t move. Definitely worth as part of portfolio management of existing positions in my view as well.
Thanks, bud. While I don’t think I could help myself to (always) wait for a breakout on the chart, I’m really glad to hear this continues to works for you—and judging by the performance of the picks you showed me on our call, it continues to work really, really well.
Hat off and thanks a lot for sharing your thoughts! Just ordered the Ted Warren book - had been on some old list for quite some time but this nudged me do get it home :)
like you, not even close to a chartist, and likely never will be. but I think it has hurt me to during long stretches been totally unaware of these types of things. so a few nuggets of "trix" to scew the risk:reward is enough - and i think they exist.
Congratulations on the phenomenal returns David! Enjoyed reading about your investing style. Especially loved this para:
"When you end up wrong on a thesis—and you inevitably will—it’s far better to be wrong in an obscure value trap that no one ever believed had a bright future than to be wrong in a beloved GARP stock where everyone shared the same growth story. When that consensus breaks, there’s usually no downside protection left to shield you from the mistake."
Thanks man. I know you do and I think you're one of the most "qualified" investors (or one of the few) to pursue thinks kind of strategy and win big. Wishing you best in 2026!
Thank you for your latest post reviewing your strategy and results. Particularly what you have found works for you. Great, thanks.
I note you write up 12- 15 stocks from your wide reading.
I am based in Australia and for information and simplicity purposes, I only invest in ASX companies. But I include investing in ASX ‘microcaps’ companies with an international focus.
So I am interested in whether your research and more particularly your writeups include a number of ASX companies.
Thank you, Keith. While Australia is in my investable universe, I haven’t spent much time researching companies there recently. As of now, I only own one ASX company and have written a research report on one this year.
Great performance David, some great points made too.
Thank you!
Happy New Year David! I really liked reading this. Charts are the last thing I personally look at before investing. If there isn’t a clear breakout yet, I will set an alert on the volume and the Moving Averages crossings. This helps increased my IRRs in 2025 as limited money went to stocks that didn’t move. Definitely worth as part of portfolio management of existing positions in my view as well.
Thanks, bud. While I don’t think I could help myself to (always) wait for a breakout on the chart, I’m really glad to hear this continues to works for you—and judging by the performance of the picks you showed me on our call, it continues to work really, really well.
Wishing you another successful year in 2026!
Hat off and thanks a lot for sharing your thoughts! Just ordered the Ted Warren book - had been on some old list for quite some time but this nudged me do get it home :)
Thanks man. I can't say I applied much from the book, but it certainly made me pay attention to looong bases.
like you, not even close to a chartist, and likely never will be. but I think it has hurt me to during long stretches been totally unaware of these types of things. so a few nuggets of "trix" to scew the risk:reward is enough - and i think they exist.
And there's always gold and the miners.
When it comes to investing, nothing beats those "huh" moments.
100%
Congratulations on the phenomenal returns David! Enjoyed reading about your investing style. Especially loved this para:
"When you end up wrong on a thesis—and you inevitably will—it’s far better to be wrong in an obscure value trap that no one ever believed had a bright future than to be wrong in a beloved GARP stock where everyone shared the same growth story. When that consensus breaks, there’s usually no downside protection left to shield you from the mistake."
Appreciate it!!
A fantastic performance David…& a great write up
personally I nowadays want to find “never sell” stuff which is both hard to hold in perpetuity but also vanishingly rare to find in the first place
Thanks man. I know you do and I think you're one of the most "qualified" investors (or one of the few) to pursue thinks kind of strategy and win big. Wishing you best in 2026!
Looks like someone is doing quite well. Congrats, sir.
Thank you, sir!
Hello David
Thank you for your latest post reviewing your strategy and results. Particularly what you have found works for you. Great, thanks.
I note you write up 12- 15 stocks from your wide reading.
I am based in Australia and for information and simplicity purposes, I only invest in ASX companies. But I include investing in ASX ‘microcaps’ companies with an international focus.
So I am interested in whether your research and more particularly your writeups include a number of ASX companies.
I would be interested in your thoughts.
Thank you, Keith. While Australia is in my investable universe, I haven’t spent much time researching companies there recently. As of now, I only own one ASX company and have written a research report on one this year.
Congratulations. Another great year
Thank you.