Understand How Markets Actually Work, Learning.Investing.Thriving.

Marc Rudajev

Understand How Markets Actually Work

Learning.Investing.Thriving.

Learning.Investing.Thriving. is built on a simple idea: If you want to build wealth, you need more than stock tips. You need to understand how markets actually work.

Thematic (Sector/Industry)

<ul><li>Fast Five is normally a weekly snapshot during earnings season.</li><li>We pick five of the week's most important earnings releases, pull out the numbers that matter, and keep it quick.</li><li>This one's different. Brazil just had an election that moved the whole market 8% in a day, and I thought it merited a releasing a Fast Five episode this week.</li></ul>

Fast Five is normally a weekly snapshot during earnings season.We pick five of the week's most important earnings releases, pull out the numbers that matter, and keep it quick.This one's different. Brazil just had an election that moved the whole market 8% in a day, and I thought it merited a releasing a Fast Five episode this week.

Fast Five Special Edition: Brazil Election Results & A Primer on Petrobras.

<ul><li>The French did not invent the protest, indeed the Romans had their plebeian walkouts, the English had the Peasants’ Revolt, and the Americans dumped perfectly good tea into Boston Harbor.</li><li>But since 1789, France has held the heavyweight title belt and defended it against all comers.</li><li>If striking were an Olympic sport, France would have won countless gold medals.</li></ul>

The French did not invent the protest, indeed the Romans had their plebeian walkouts, the English had the Peasants’ Revolt, and the Americans dumped perfectly good tea into Boston Harbor.But since 1789, France has held the heavyweight title belt and defended it against all comers.If striking were an Olympic sport, France would have won countless gold medals.

LIT Update: Liberté, Égalité, Crappy Lycées. A quick primer on France's student protests.

<ul>
<li>Sometime in the early 2000s I was sitting in a ballroom at the CLSA conference in Hong Kong and Marc Faber, the author of the famed Gloom, Boom &amp; Doom Report, took the stage to give a keynote. He said something that has never left me.</li>
<li>He told the room that if he had made only three decisions in his entire investing career (which started about 25 years prior), he would have beaten the returns he actually earned running money for a living.</li>
<li>Three decisions, once a decade, and peace of mind in Chiangmai (where Marc lives).</li>
</ul>


Sometime in the early 2000s I was sitting in a ballroom at the CLSA conference in Hong Kong and Marc Faber, the author of the famed Gloom, Boom &amp; Doom Report, took the stage to give a keynote. He said something that has never left me.
He told the room that if he had made only three decisions in his entire investing career (which started about 25 years prior), he would have beaten the returns he actually earned running money for a living.
Three decisions, once a decade, and peace of mind in Chiangmai (where Marc lives).


Episode 57: One Decision a Year To Outperform The S&P

Equity Bottom-Up

Oura Health is a Finnish health technology company best known for creating the Oura Ring, a leading wearable smart ring.

<ul><li>Oura pulled the deal the day before it was due to list.</li><li>This is not uncommon and happens all the time, but not in the midst of the calmest tape imaginable: a VIX sitting at 15, US major indices at near-record highs, credit default swap (CDS) spreads holding in or narrowing, and a company that had spent a week insisting demand was strong.</li><li>These would generally not lead to postponing an IPO, especially for a company that is profitable, growing, and in an industry (wellness) that has drawn a lot of buzz over the past few years.</li></ul>

Oura pulled the deal the day before it was due to list.This is not uncommon and happens all the time, but not in the midst of the calmest tape imaginable: a VIX sitting at 15, US major indices at near-record highs, credit default swap (CDS) spreads holding in or narrowing, and a company that had spent a week insisting demand was strong.These would generally not lead to postponing an IPO, especially for a company that is profitable, growing, and in an industry (wellness) that has drawn a lot of buzz over the past few years.

Oura IPO Alert: The Market Repriced It Early

<ul><li>We have spent the last decade+ turning our lives into a scoreboard. W</li><li>e score our nights, our recovery, our readiness, our steps, our stress (not to mention the social media likes, subscribes, retweets, etc…).</li><li>Apple has led the way for much of this time, both with it’s phones and its watches.</li></ul>

We have spent the last decade+ turning our lives into a scoreboard. We score our nights, our recovery, our readiness, our steps, our stress (not to mention the social media likes, subscribes, retweets, etc…).Apple has led the way for much of this time, both with it’s phones and its watches.

Episode 56: Oura Is a Genuinely Great Business. Its IPO Is a Genuinely Strange Deal.