If you are interested, being based here in Taiwan, I can share my insights on TSMC's competitive advantages with you. I believe I can provide a much deeper perspective than most. =)
I want to learn how to evaluate stocks the way you do. I am based in Taiwan, where opportunities seem more limited. For the past few years, I held TSMC as my primary position, but a few months ago, I felt the AI sector was overheated and sold everything. I am currently looking for investment inspiration; my original plan was to search for 'victim stocks' in the memory sector toward the end of this year as my main investment thesis. I happened to come across your articles online and found them very interesting, so I would like to learn. What tools do you use for your research? Is it Value Line? Also, do you have any record of your past performance?
Hi Jim, thanks for commenting. I am a value investor that primarily invests in micro and small cap stocks. I like to invest in stocks with businesses that I understand when the stocks are beaten up and hated by the market. I tend to hold 7 - 8 stocks. For research, I created my own custom valuation models and spreadsheets. I also use Stock Rover and TIKR along with SEC filings such as 10-Q’s and 10-K’s. Basically, I’m trying to maximize the “normalized owner’s earnings” on my portfolio. If I think a stock can earn an average of $5 per share annually over a normal cycle and I can buy it for $25, then my earnings yield is 20%. I prefer companies that have strong balance sheets and a high level of insider ownership and/or a strong track record of prudent capital allocation. 2025 was the first full year that I started writing on Substack and I earned about 41% on my portfolio for the year. My plan is to keep updating my ideas and performance on this Substack.
Does your track record only span one year? Based on your content, I assumed you had been investing for a much longer time—that’s truly impressive.
Currently, I am struggling with finding the right tools. In Taiwan, we have websites like StatementDog that make it relatively easy to understand a company's fundamentals. As a newcomer to the US stock market, I want to follow your lead by analyzing companies one by one to deepen my understanding of American business models.
It seems I also need to build my own toolkit, just as you have. Would you be willing to share your valuation spreadsheet? Your articles have been very inspiring to me—thank you for sharing your insights.
Perfect quote from Buffet.
If you are interested, being based here in Taiwan, I can share my insights on TSMC's competitive advantages with you. I believe I can provide a much deeper perspective than most. =)
I want to learn how to evaluate stocks the way you do. I am based in Taiwan, where opportunities seem more limited. For the past few years, I held TSMC as my primary position, but a few months ago, I felt the AI sector was overheated and sold everything. I am currently looking for investment inspiration; my original plan was to search for 'victim stocks' in the memory sector toward the end of this year as my main investment thesis. I happened to come across your articles online and found them very interesting, so I would like to learn. What tools do you use for your research? Is it Value Line? Also, do you have any record of your past performance?
Hi Jim, thanks for commenting. I am a value investor that primarily invests in micro and small cap stocks. I like to invest in stocks with businesses that I understand when the stocks are beaten up and hated by the market. I tend to hold 7 - 8 stocks. For research, I created my own custom valuation models and spreadsheets. I also use Stock Rover and TIKR along with SEC filings such as 10-Q’s and 10-K’s. Basically, I’m trying to maximize the “normalized owner’s earnings” on my portfolio. If I think a stock can earn an average of $5 per share annually over a normal cycle and I can buy it for $25, then my earnings yield is 20%. I prefer companies that have strong balance sheets and a high level of insider ownership and/or a strong track record of prudent capital allocation. 2025 was the first full year that I started writing on Substack and I earned about 41% on my portfolio for the year. My plan is to keep updating my ideas and performance on this Substack.
Does your track record only span one year? Based on your content, I assumed you had been investing for a much longer time—that’s truly impressive.
Currently, I am struggling with finding the right tools. In Taiwan, we have websites like StatementDog that make it relatively easy to understand a company's fundamentals. As a newcomer to the US stock market, I want to follow your lead by analyzing companies one by one to deepen my understanding of American business models.
It seems I also need to build my own toolkit, just as you have. Would you be willing to share your valuation spreadsheet? Your articles have been very inspiring to me—thank you for sharing your insights.