@NFaurby

INVESTOR FAURBY CAPITAL /// I share my own opinions - not investment advice.

 Copenhagen
faurbycapital.dk
Joined December 2020
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  • Followers49
4Media
The best investments rarely look exciting. They look boring, misunderstood, or ignored.
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Buffett has averaged a return on investments of ~20% per year for over 60 years. Here he explains the 'science' to picking winners... and more
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30 Visual Investing Lessons 🧵 1. Moats are essential for long-term investors:
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“History never repeats itself, but it does often rhyme.” -Mark Twain #FTX 📉 #ENRON 📉 #LEHMAN 📉 C/T: Howard Rees (Macrobond).
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The equity risk premium (ERP) is the price of risk in equity markets, the receptacle for all our fears. Each year, since 2008, I have updated a paper that includes everything I know about ERP. (Warning: It is 130 pages long...) Here is the 2021 version: bit.ly/2QQd3bB
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Don’t forget the #shelter ! — Source: MSCI #CPIdata
S&P500 in a CAPE-perspective: Expensive? It depends on the length of the historical comparison!
“The secret of all victories lies in the organization of the nonobvious.” -Marcus Aurelius
"With food you control people, with oil you control nations, and with money you control the world." - Henry Kissinger
“Anyone who undermines the risk now, must be held responsable later” - Niclas Faurby, Investor
Getting rich is one thing. Staying rich is quite another.
Letter to @WarrenBuffett about #AAPL.
Some of the numbers are just unreal. MSCI World has seen its market cap grow by 27 trillion dollars in the last three years (2019-21). That is almost 10x the previous 3 year period (2016-2018). Yet aggregate reported profits grew in USD by roughly the same amount in each period!
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The Fed says its goal is a 2% average annual rate over some “long term” analysis time frame. News Flash: CPI has averaged 2.7% over the past 5 years, 2.4% over the past 30 years, and 3.9% over the past 50 years.
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1. Stocks: all-time highs 2. Home prices: all-time highs 3. Bitcoin: all-time highs 4. Wages: all-time highs 5. Job openings: all-time highs 6. Inflation: highest level in over 30 years 7. Fed/Government: we need to hold interest rates down at 0% and borrow/spend trillions more.
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Niclas Faurby retweeted
Bill Ackman
@BillAckman29 Oct 2021
I gave a presentation newyorkfed.org/medialibrary/… to the Federal Reserve Bank of New York last week to share our views on inflation and Fed policy. The bottom line: we think the Fed should taper immediately and begin raising rates as soon as possible.
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Niclas Faurby retweeted
Ian Cassel
@iancassel8 Sep 2021
One of my favorite illustrations I stole from @StockMarketNerd and @dhaval_kotecha
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And SPY Night vs Day Since Inception for reference
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“An idiot can diversify a portfolio, or a computer. But the whole trick of the game is to have a few times when you know something is better than average, and invest only where you have that extra knowledge. If that gets you a few opportunities, that’s enough” - Charlie Munger
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Niclas Faurby retweeted
Ian Cassel
@iancassel19 Mar 2021
You don’t need to be in the top 1% in mental horsepower to beat the market. You need to be in the top 49% of controlling your emotions.
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