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Showing posts from 2020

$MILC , MILC - MILLENNIUM INVESTMENT & ACQUISITION CO INC.

Please read the article "Blog's "read me first" Terms And Conditions Of Use All content provided on this blog is for informational purposes only. This blog's owner makes no representations as to the accuracy or completeness of any information on this site or found by following any link on this site. The owner of this blog will not be liable for any errors or omissions in this information. The owner will not be liable for any losses, injuries, or damages from this information's display or use. These terms and conditions are subject to change at any time with or without notice. Keep in mind my native language is Spanish; sorry in advance for any grammar mistakes.   Symbol: MILC Exchange: OTC Price: USD 0.22 NCAV: USD 0.45   Summary: At 8x its medium-term EBITDA target of $5mn, Millennium could potentially command a valuation of $40mn, or $3.65 per share. $40M plant $33M in nuts *22.000 tons from 1k to 1.5k per ton $4.8M in stock Current market cap $2.4   ...

36) Hustling to 5000% return on investment with Mariusz Skonieczny

In this episode we talk about the hustle and years of hard work that Mariusz had to go though as he is facing an amazing return on investment in his stocks now. Mariusz is up 5000% and I think this investment will eventually get him to 400X (40000%). In an industry where 10% a year is outstanding result.  This is a story you cant miss Check out this episode! 36) Hustling to 5000% return on investment with Mariusz Skonieczny Transcription by Arianne Elnar   Ney Torres: [00:00:00] Now, let me tell you my side of the story very quickly. Before we start talking about your story. I think… I don't remember if I texted you or Adam from Oroco and Im like “by the way, if you ever do another placement (raising money), please do let me know” and then it was like “we're in the middle of one right now”, and I'm in the middle of Netherlands. And now, I have to take a plane to Ecuador, raise the money and that takes me like two weeks. The moment I want to send the money, my ban...

35) What trading is really like with Rui

A beginner trader on her journey of self-discovery, spiritual awakening, and she might just pick up "financial freedom" along the way   Check out this episode!

Thoughts on Rebalancing portfolio

Thoughts on Rebalancing portfolio. The way I see it, there’s 2 extremes in rebalancing a value investors portfolio. 1)      Long term compounders, the buffett approach, you just want them to growth, so maybe do not rebalance them until there’s obviously a better idea. Like buying the entire company. 2)      Special situation, (maybe net nets) graham approach, where the “goal” is clear. I wanted to ask you on your thoughts. Real case story. I own a stock that has grown from 15% position to a little over 50% in a year! But 6 out of 10 positions I have hold, have gone down, like tankers. I still think this winning stock must go up 5x but is obviously not a 12x anymore. So, the question holds, is it time to rebalance? If not now… when? The answer seems to be obvious “do you have something better than 5x?”, but the level of confidence is different, and subjective. Why is subjectivity a part of position sizing? Here is a link https://neyin...

Value Investing Fund, INC 1st Annual Letter 2019-2020

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Value Investment Fund, INC.  annual   Letter [1] Quito, Ecuador. 9/27/2020   To the friends and investors of Value Investing Fund, INC.: In our first year, ending September 1 st , 2020, the fund has generated 86.48% in profits.       Ney Torres, Portfolio Manager Value Investing Fund, INC.     Attachments   Here is more information that some may find important: Attachment A - What you should know about the fund Attachment B - Statistical detail of last year Attachment C - Description of positions Attachment D - Thoughts on various issues Attachment E - Others     Attachment A   What you should know about the fund   In each annual letter, I will try to honestly assess the fund's performance, reiterate my core investment philosophy, and share my thoughts on various issues. I share some of the fund's ...