Lex Investor
@lex-investor
I’m nobody—I put my dollars to work with a vengeance •Buying well lowers risk, patience gets paid •Worker investing over half
“The company generates royalty income from food sales, but it also generates rent income from the real estate. That makes MCD partially behave like a REIT even though it is not structured as one.” I keep adding to my position (3%).
🎤“What are you doing about inflation?” “Tariffing da-fuc out of our neighbors”
-49.4% in one month. She has 958,000 followers. This isn’t a portfolio, rather a singular bet… on margin. Learn from others.
I think it’s is p/e 24 (trailing) after close today (NFLX). SPX has p/e 32.
Make Fundamentals Great Again www.citadelsecurities.com/news-and-ins...
Retail investors are demonstrating, in aggregate, why they have a history of such horrible returns. "Simply put, retail investors aren't buying the broad market anymore. They're buying stories"
Looking at anti-memory trades (eventual drop in prices). Xiaomi 1810 HK Tell me I’m being stupid.
I was here for a few days. Zero reception. I made progress on two books—finance.
“Against the Gods: The Remarkable Story of Risk”, a book by Peter L. Bernstein (1996) ISBN 0-471-12104-5 I give it my highest recommendation. I will never part with my copy.
Returns this week: +11.11% Today: +3.07% YTD: +28.33% Inception (Apr. 3 ‘25): +103.19% 8 positions zero leverage zero derivatives zero cash all what I’d consider value, lower risk (Lex ‘active’ acct)
Portfolio ripping today +3.4% on little news. $MOH up +7.38% & look at the chart below. It broke through a high tested twice before. $CNC up +2.84% & into the open air.
Purchased some OTC shares. A starter position in Meritage Hospitality Group Inc $MHGU. They’re the second largest franchisee of $WEN Wendy’s (344 stores). It’s an ugly turnaround situation that will take time.
Dr. Burry’s latest—& it is not pay-walled. I highly recommend it. open.substack.com/pub/michaelj... The first slide is Munger, regarding the “bezzle”.
This makes me relatively confident that being conservative also makes you a worse investor. As I’ve been pounding the table for years—“Belief” promotes the ignoring of risk. I mean, how else could he have been elected? www.psypost.org/conservative...
Worked my way into a 6.5% position on $FTEK. (sharing only, *not advice)
We need a special name for this sort of retail-tendency. I haven’t found one harsh enough.
…so added back to previous levels. I also added to $BTI. •5 positions +77% returns 13 mo. •98% in 4 names 0% AI/tech direct exposure 73% healthcare 24% consumer non cyclical 98% value (imo)