Investment Strategy

Fallacy Alarm
Feb 10, 2023
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Fallacy Alarm
Liquidity Provision Risk Premium and the Cost of Leverage
Have you had enough of macro? I certainly have. Let’s do something else for a change. :) This article is short and sweet, but it is also extremely information dense. I recommend reading it when you have a peaceful moment on your computer (as opposed to reading it on the phone) and it will help to open the underlying Excel model which I have attached for premium subscribers. For free subscribers, I have added screenshots throughout to facilitate following my thoughts…
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2 months ago · 6 likes · 3 comments · Fallacy Alarm
Fallacy Alarm
Who and what is Fallacy Alarm?
I have maintained an ‘ideas’ diary for many years to document my thoughts and how these evolve over time. There is something magical about getting thoughts into a concise and precise manner. For me, this works best in written form. Over time, this ‘ideas’ diary morphed more and more into an ‘investment’ diary, which has helped me structuring my thoughts …
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9 months ago · 7 likes · Fallacy Alarm
Fallacy Alarm
A measuring stick for the markets
The 2020/21 rally in stock prices, and asset prices more generally, has left many people confounded. Especially, since many people felt that the base in Feb’20, the eve of the Corona Crash, was already significantly inflated after the 2010s run. This routinely leads to a doomsday debate in financial markets every time there is a correction with the lead…
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a year ago · 3 likes · Fallacy Alarm
Fallacy Alarm
The Compounder-Victim-Model
The market is not rigged, it just rewards those who put in the time and effort “Choosing individual stocks without any idea of what you're looking for is like running through a dynamite factory with a burning match. You may live, but you're still an idiot…
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a year ago · 15 likes · Fallacy Alarm
Fallacy Alarm
Inflation won't stop asset prices in the 2020s
I believe the current inflation debate and its presumed consequences on asset prices is misguided. There are strong signs that a large component to the current inflation wave is cyclical in nature and will eventually roll over without distinct monetary intervention. And even the structural component to it is difficult to battle for central banks because…
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a year ago · 5 likes · 5 comments · Fallacy Alarm
Fallacy Alarm
The importance of identifying inflection points in growth stock investing
When does disruptive innovation take off? When does the stock of a disruptor leave its trading range to initiate a powerful and lasting bull run that will not turn out to be a bubble? What differentiates AMZN from SE? Or TSLA from PTON? Or GOOG from PTIR…
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a year ago · 14 likes · 6 comments · Fallacy Alarm

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