E14 - Touchdowns to Tech Stocks: Super Bowl Revelations and Crafting a Winning Investment Strategy
Post Super Bowl Sunday, Badger is hung over like a banshee but rolling in the dough nonetheless after making some choice bets. He also reports from the field about the most interesting things he saw and didn’t see in the commercials — Hint: where was crypto? (Monkey’s answer: nearing 50,000 per $BTC!)
Monkey wonders about the similarities and differences between gambling and investing. One difference: understanding the fundamentals is what all successful thinkers and investors need to do. Some key principles:
* Understand simple ideas deeply.
* Be brutally honest about what you know and don’t know
* Identify and let go of biases.
* Break down complex topics—like investing—into smaller components and practice deepening your understanding of each; over time, these components merge into an integrated whole.
Monkey meanwhile watched Oppenheimer and read The Maniac by Benjamin Labatut, about Johnny Von Neumann, who was called the smartest human of the 20th century, responsible for the birth of AI. But is a non-zero chance of the extinction of life worth the risk?
King of the Jungle Portfolio Challenge Update: Monkey buys more Eos $EOSE and contemplates buying Enovix $ENVX because batteries and energy will be in ever-increasing demand. But is this a sunk cost fallacy, Badger wonders…
All this and more from the front lines of the Investing Jungle!
Tickers mentioned: $NVDA, $CRWD, $EOSE, $ENVX, $BTC, $LINK, $ETH