Yesterday, the stock price of Booking Holdings crashed by 10%. Why? Here are some of the reasons I heard in the news: 1. The CEO of Kayak is retiring after 22 years and becoming executive chair This makes no sense for the stock price to crash by that much, given that Kayak is a small subsidiary. 2. Price downgrade by UBS from $6800 to $6600. It still feel excessive and I don't really care about analyst ratings. Also the stock price of Expedia crashed 15% and Airbnb 7%. 3. App

After an intense but enjoyable swimming session in the ocean, I found myself on bed rest for much of the week. This gave me the opportunity to create two new products. That will allow you to stalk me. 1. Posts Database: I never run out of ideas on what to post every day on different social media platforms. And sometimes, I cannot post the same thing everywhere. On eToro, for example, I'm limited to one picture per post and sometimes, I post not the picture that deserves the m

For this week's newsletter, we talked about how you only need one stock to change your life. And this week itself, we had our largest investment, Wise, demonstrating that. Wise gained about 20% and given that it is about one quarter of our portfolio, this led to significant gains. Imagine that our position was smaller. The gains would have been smaller. Some of you might argue that it can work both ways. That's true. That's why you have to be very choosy what you're buying. I

If you invested 1% of their portfolio in Apple in September 1997 when Steve Jobs returned as CEO with the rest in the S&P 500, you would have 3X more returns than just investing in the S&P 500. Only one investment can change your life. But the issue is that you would have 68% of your portfolio in Apple. Would you be able to sleep well at night? That doesn’t mean that you need to diversify. You can lower your exposure with constant reinvestment. This is the strategy used by Wa