2 Dislocated Ideas
1) How to buy a basket of blue chip stocks at 64% of market value. 2) How to buy bitcoin for $11,000.
Idea #1:
How to buy a basket of blue chip stocks at 64% of market value.
Idea #2:
How to buy bitcoin for $11,000.
I’m fascinated with finding an edge in public markets.
It’s amazing what kinds of mispricing exists if you’re willing to commit your professional life to sniffing them out.
Sometimes this edge comes from acting first on a press release or new piece of information. I did that a lot when I was younger, and I still do it now though it’s a bad use of my time. I like to sit there and refresh the news on OTCMarkets. At this point I know most every company worth following on the OTC.
I’ll have a suspicion that XYZ corp is going to post a blowout quarter (as many of these businesses rely on 1 or 2 trackable variables that drive profitability). I’ll watch the numbers hit, digest them within 2 minutes then run to the bid and make a few thousand bucks in a couple days.
Again, not a great way to spend my time anymore, but I can’t help myself.
It’s a lot more rewarding to find mispriced assets with more scale.
I don’t care what they are. If I can understand them, and I think they’re underpriced, I’ll buy it.
Today I want to go through a couple of real world ideas that are available to investors right now.
The first one is a basket of largely American blue chip stocks that are on sale for a 36% discount to the market.
I like this kind of thing, because it’s large enough to deploy real money and it’s a lot safer than the S&P or Nasdaq at these lofty valuations (in my opinion, not investment advice).
The second is even more extreme.
How you can buy bitcoin for $11,000.
Let’s dive in…