This week's exclusive Steady Compounding Insider Stocks report reveals how Amazon's business model—built on Bezos's timeless customer principles—is positioned to thrive. Below is a preview of my comprehensive Amazon analysis. Deeper insights—including my thoughts on valuation work, insights on Amazon's AI strategies and portfolio changes—are reserved for members. >> Click here to unlock complete by joining Steady Compounding Insider Stocks Compound steadily, Thomas Jeff Bezos once shared a...
over 1 year ago • 11 min read
Despite 2023’s strong market performance, 2024 has presented compelling opportunities to acquire high-quality businesses at attractive valuations. As we’ve seen repeatedly, investor time horizons compress to zero during drawdowns, and "hopium" stretches to infinity during bull cycles. This phenomenon captures how investors often lose sight of the bigger picture in turbulent times while becoming overly optimistic in bull markets. This recurring behavioral bias creates opportunities for...
over 1 year ago • 1 min read
Hey Reader - Thomas here. Good day to my fellow compounders! In 3-Bullet Sunday, I share with you the three most interesting pieces of articles, videos, or podcasts I came across for the week on investing and growth philosophies. Enjoy! Why We Choose Steady Compounding This week, a hedge fund that was up 439% for the year nearly blew up. Situational Awareness is an AI-focused fund run by a former OpenAI researcher. It launched less than two years ago, and by the start of July it had swelled...
over 1 year ago • 7 min read
Hey Reader - Thomas here. Good day to my fellow compounders! In 3-Bullet Sunday, I share with you the three most interesting piece of article, video or podcast I came across for the week on investing and growth philosophies. Enjoy! I. What Investors Get Wrong: Chris Mayer on Dividends, Noise, and the Power of Reinvestment A long-term winner has a few engines for compounding value:1. Long growth runway2. Shares buyback3. Multiple expansionIt's usually a combination of the two that boosts the...
over 1 year ago • 2 min read
Hey Reader - Thomas here. Good day to my fellow compounders! In 3-Bullet Sunday, I share with you the three most interesting piece of article, video or podcast I came across for the week on investing and growth philosophies. Enjoy! Why We Choose Steady Compounding This week, a hedge fund that was up 439% for the year nearly blew up. Situational Awareness is an AI-focused fund run by a former OpenAI researcher. It launched less than two years ago, and by the start of July it had swelled to $45...
over 1 year ago • 4 min read
This week’s report for Steady Compounding Insider Stocks members dives into an update on Paycom. Since my initial deep-dive in July 2024, the stock has climbed 58%. In this report, I analyze Paycom's latest third-quarter earnings, discuss whether the company is turning a corner, and share my updated views on its valuation after the recent run-up in share price. Below, you’ll find a free preview of my Paycom research. To unlock the full report and gain exclusive access to all my stock...
over 1 year ago • 6 min read
Is it too late to buy Tesla? Will Big Tech thrive under Trump’s policies? How will tariffs impact the global supply chain? Hold up Reader. Breathe. I get it. You are constantly bombarded with headlines and “expert analysis” on CNBC about Trump’s potential impact on the market, and it is overwhelming. But here’s the truth: these forecasts rarely come true. You might as well flip a coin. Remember when everyone said aggressive rate hikes from the Fed would tip us into a recession? Instead, the...
over 1 year ago • 2 min read
I’m pretty happy with the companies in my portfolio right now; most are hitting their stride, and the strong business performance is reflected in rising stock prices. Over the long run, stock prices will always track business fundamentals—this is as true as the law of gravity. And there are predominantly two forces driving stock prices: earnings per share (or free cash flow per share, if you prefer that metric) and multiples. Multiples are a bit trickier—they’re shaped by fundamentals but...
almost 2 years ago • 1 min read
Hey Reader - Thomas here. Good day to my fellow compounders! In 3-Bullet Sunday, I share with you the three most interesting piece of article, video or podcast I came across for the week on investing and growth philosophies. Enjoy! I. Pershing Square interim report Many investors are excited about Ackman's recent investment in Nike (and Brookfield). But I thought it's worth pointing out that they're each around one-quarter of Pershing Square's usual full position at around $200m+. A full...
almost 2 years ago • 2 min read
