Wedges and Billionaires

I’m back in New York after a quick trip across the country.

Stocktoberfest started Thursday afternoon on Coronado. It was another fantastic event.

The Stocktoberfest crowd continues to surprise me with their energy and enthusiasm. They are thirsty to try new financial products and learn the language of the markets.

People were most fascinated with Meltem . She lives on the financial edge with 100 percent of here assets invested in the crypto space. She works at Digital Currency Group and has been on the ground floor of the craze.

I loved this chart she shared comparing the internet bubble/boom of 1999 to the current crypto craze:

I spoke about trends as I always do, but these two ideas I shared with people resonated the most:

1. The best thing about the stock market is you can own your enemies..my example is that I am long Goldman Sachs.

2. I have never been wrong…but I have been early and underfunded.

Yesterday I was in Nashville speaking to about 400 investors brought together by my publisher Charles Street Research.

The audience skewed above 50 years of age and they enjoyed hearing we rant about millennials and the current crypto fever.

NO matter where I present, the following 3 visuals always get the most nods and chatter…

Nobody argues with me that being a pilot fish in the investing world makes sense. It has never been easier to pay for amazing mentorship or use the social networks to improve your investing. Swim close to the great whites and feed off them for free.

Next is this picture of the board game Risk:

The ‘you never win from Europe’ rule never ceases to get a laugh.

In a digital world, just like a flat world, winning happens at the edge or the corners. The less borders to protect the better.

Wedging into the world is a strategy that never gets old when I think about startups, even growth stocks.

Not to take anything away from founders with eyes towards global domination but Instagram, Whatsapp and Ethereum proved that wedges into the market can make you a billionaire.

Finally, my favorite… the peloton.

It has never been easier to keep up with the leaders of the pack. Vertical is the new horizontal and going deep can be just as lucrative as going wide. The peloton is about speed and sharing the workload.

I am grateful to have the continued opportunity to spread my message of investing for profit and joy and learning the language of the markets.