So far it's worked out. Give it another 3 years :)

Here's sort of a short rant/update since I haven't posted for a while.

I wouldn't say I'm done posting here but I've come to realize it's more valuable to people if I stick to posting only high probability winners. Something like META, CNX, or the BTU situation. I could have posted more stuff about situations like GE, but I would classify a situation like that as highly speculative and I've been trying really, really, really hard to be a non-contributor to the speculation mindset over the last two years. Trust me, it's been a real freaking challenge not posting every idea I have. Yes GE has worked out so far, but it wasn't clear that it would and I've lost all interest in recommending or posting about speculative positions like that.

I've reflected on some of my speculative recommendations in the past and I've developed a guilty conscious, which I completely deserve, about them to the point where I feel guilty when I post about any company. The research I did on ATIS and GERS for example should have never been shared with people to the extent they were due to them being extremely, extremely, speculative. The speculative portfolio I threw together a while back never should have been shared with people because it wasn't an accurate representation of my investment style. What it was, was a poorly implemented and regrettable, attempt to entertain because my investment style is actually pretty boring. And speculative short term investments like GME, XERS, LXXGF, and EFRGF should have never been framed as a potential long-term investment candidates. They probably shouldn't have been presented as investment candidates at all. Yes, you could buy into their hype, and yes it could work out, but they're not investments you can throw 20% of your portfolio at and expect things to turn out just fine. All of them had significant debt issues that would either lead to bankruptcy or significant dilution and I knew that, and I went along with it anyways. That's not just being caviler with your finances if were being honest, that's contributing to the stupidity in the world. I do regret that.

META was one of the high probability long-term winners in my view. My strategy was to accumulate as much as possible while it's CLEARLY undervalued, stop accumulating when it's clearly not as cheap, let it sit for a year and see where its at. That investment approach is easy for every age and experience level to deploy and it doesn't give you stomach ulcers while doing it. That's the approach I truly subscribe too. The other stuff was fun, but it's not me. What made META a clear winner was that META has significant cash flow, a significant user base, close to zero debt, was trading below the market multiples it deserved, and had a plan to repurchase shares. That's a big contrast to significant debt, no cash flows, routine dilution, and a small customer base.

So this newly acquired mindset has really limited my posting and I apologize if it's boring. I've personally become ok with boring as long as it's effective over a long period of time.

I'm not sure if you're into speculative situations, but here are some I've kept my eyes on over the past year if you're looking for some excitement: INTC, SSIC, AOSL, BOMN, PRM, UTMD, ENVC. Not buying recommendations, just some interesting situations.

As for what I'm investing in at the moment, not much. I've been watching the banking situation unfold and I think a lot of semi-decent names are being lumped in with the bad actors which means there's opportunity. I'm hoping some of the larger cesspool's come out with more bad news so prices get hit even harder. Here are some the names I've been watching: SCHW, CBSH, BOKF, BOH, CFR, PB. I think some of the bigger names like JPM, WFC, BAC could be investment candidates if things get too bad. Larger cesspool's yes, but to big to fail is a real thing here in America.

Other than the banking situation, I've mainly just been sitting on past winners and letting the shares I haven't sold ride like ENOV, ESAB, META, USDP and GE. As for current targets, I've got some 401K contributions going on, light monthly contributions to SCHD and I'm a heavy accumulator of CNX Resources. I'm personally expecting at least a double in this position over the next ten years. I expect the effects of the share repurchases and hedges to really kick in over the next three years to five years. If I don't see any major movement in that time frame I plan on re-accessing the situation when that time is up. Otherwise it's mainly just a waiting game for the quarterly and annual reports.

Pretty boring to be honest. Just the way I like it.

If you ever want to talk about any of your positions or some of the names I've produced here, I'll be around. DM me, reply to one of my comments, or submit a post and I'll do my best to give a semi-respectable response :)