eric boroian

“Large gains accrue to investors who identify stocks that will beat expectations...it doesn’t matter if the expectations are for failure or enormous success: if a company can better those expectations, shareholders will reward the company by pushing its share price higher”

Anyone on twitter done deep work on mealkits and in particular HelloFresh ($HFG)? Am intrigued to discuss with any bulls or bears. Thanks!

A few weeks/months ago, someone posted a great chart with various distribution curves and descriptions. Can anyone point me to it please? Can’t seem to find it. Thanks!

Who are some of the most inquisitive people that ask more original/thought provoking questions on twitter, either in investing or another field?

Piggybacking on @viggy_krishnan What's your top pick (& why) that can: - grow FCF per share at double digits+ CAGR for 5 yrs plus - where multiples are currently nearish or below LT avg or mkt - where fwd downward EPS revisions are limited to LDD, even in a moderate recession

Cool question. I feel like most of the answers are well known by EU investors... What's a European company in the top % of the quality universe that even most European investors don't understand/fully appreciate?

If you could only know one non-financial metric or characteristic about a company, what would it be?

What’s the most interesting, original, or nuanced view you’ve read on the recent activity in Chinese stocks? Thanks!

An atypical approach that could be conventional in 10 yrs: using quant tools to measure qualitative factors that might anticipate good financial outputs E.g Revelio helps measure employee turnover. Low turnover = good corporate culture = more innovation = high growth (& ROIC)...

20 yrs ago, highly concentrated portfolios were viewed with skepticism. Today, they’re quite common. Over time, there are many examples in investing of once uncommon things becoming conventional What investing practice is atypical today but might be conventional in 10-20 yrs?

Being laughed at might be a good contrarian signal for Rolls here...or consumer staples...not sure hehe

Market has no definite idea about the future. Doesn't properly value things that do not yet exist, therefore undervaluing successful biz. Founders have more definite ideas about the future (products they want to launch etc). They understand how the value of their biz might change

Changes in expectations about future shareholder value creation drive share prices. This often occurs when something changes fundamentally within the company or its industry... What are some current examples of this that are yet to be fully recognized?

'The only way one makes money in the market is when the market’s perception of a stock changes. I am looking for stocks where earnings haven’t started to improve yet, or if they have, they’re going to accelerate. There has to be improved perception' Future eg TWTR? Any others?

Meredith (@LockStockBarrl) is a great & very thoughtful investor. Also a really nice person. Really looking forward to this!

In my experience many astute investors don't use multiples at all

I mostly post about investing...but not gonna lie, although completely unrelated, this is one of the most exciting things going on right now... Have been waiting over 3 years for super talented luthier Lars Rasmussen to start my guitar build The first pics are coming in!

This is why Fisher’s second question is so important Also, imo it’s not necessarily that it’s ‘unpredictable’, it’s that it can’t be modeled precisely. But given the right business type & management, future value creation that surpasses expectations can be highly probable

‘It seems to us that most investors look at the accounting outputs of a company (the reported financial data) as a guide to near term price movements and play the market accordingly. I concentrate on a deeper reality: the inputs to future value moves’ - Nicholas Sleep

Any other potential future examples that people think are interesting right now? Thanks!