28 Comments
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Jacobo Calle Espinoza's avatar

Good evening, greetings from Colombia. As always, it is a pleasure to read you. Thank you for your time, the charts, the reflection and, in general, all the education. Good luck and I hope to continue reading you.

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Maverick Equity Research's avatar

Good evening Jacobo, greetings from Vienna :).

Glad to hear, welcome! Way more incoming :).

Cheers, have a great next week!

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IT & Investing's avatar

Very very good via great visuals as always! THX!

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Maverick Equity Research's avatar

glad to hear, welcome!

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Gerry with a G's avatar

Just looking this over. Great charts

.......for free. Thx. Asml should be 25% higher minimum. Monopoly of monopolies.

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Maverick Equity Research's avatar

Welcome Gerry, glad to hear! Way more incoming ... .

ASML wise:

- it has quite a MOAT there quite for sure

- fun fact: I have 4 close friends (engineers) working there in the headquarters from Veldhoven, Netherlands

- Valuation: I see it higher on the medium-long term also

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Gerry with a G's avatar

That's awesome. I was watching the video on how they create and use their machines. I mean nvda is powerful but they don't have a monopoly. Glad I found you. Always looking for smart people/ideas

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Colin Shen,CFA's avatar

For chart 2,negative media often triggers a vicious cycle, especially for investors. Upon seeing negative news, they become jittery and overly suspicious, like seeing a snake in the shadow of a bow. However, these emotions further exacerbate the decline of price in the capital markets, and then media continues catching headlines for those readers as describing the market crash narratives again and again. They produce profit for "Negative Influences" rather than sharing positive energy. Also, people seems more risk-averse/overreact on bad news.

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Maverick Equity Research's avatar

great take Colin, thank you!

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Wizard of Windsor's avatar

Gruss Gott Macerick. I love the positivity and while humans so have the unique propensity as a species of resolving challenges and going on journeys together, our heredity is bo different to that of other animals, as Darwin long ago posited. The neuroscientist Joe Ledoux shares that the brain is fundamentally defensive, and defaults to this negative mindset quite naturally. We need rocket launchers ro escape!

This explains the strange attraction of threat eradication behaviour, which makes us dig further into our burrows.

Until we learn the psychology of ourselves instead of nonsense fantasies (like blank slate ideology, very popular) we will, I ahem fear, be condemned to repeat these states again and again.

Now, where's that Beisl? ☺️

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Maverick Equity Research's avatar

Gruss Gott WoW :), thank you for your commentary, appreciate it! Great take, fully agree!

Indeed, the default to a negative mindset is quite natural and easy to do. Ain't easy nor to 'trick' the brain nor to 'train' it to be by default different. Also indeed, blank state has been quite strongly disproved. And oh yes, the psychology of ourselves it kind of like the ultimate level of the 'game' ... .

Research wise I force myself the following: I start with 'I know nothing', then I build on it a lot, aware that many biases will come along the journey naturally without inviting them :). But then at the end I deliberately stress test myself, very harsh and try to disprove everything I did until then ... Then I have a decent conclusion, or I am 50/50 and the answer is 'I do not know' actually ... hard and painful, but the only way one can really improve real world outcomes and practical implications. Both investing, economics wise ... and personal growth!

The Beisl, oho, plenty here in Vienna ... :) ... Prost!

Have a great day!

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Investing Musings's avatar

Very interesting, a lot to unpack! Thank you!

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Maverick Equity Research's avatar

Glad to hear, enjoy the research! Welcome!

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Dividend Growth Investing's avatar

Danke!

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Maverick Equity Research's avatar

welcome!

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Finance & Econ's avatar

Thanks man!

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Maverick Equity Research's avatar

welcome!

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Macro Equities's avatar

Top coverage, class act! Danke!

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Adrian Knoblauch's avatar

Comprehensive & good to catch up on developments

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Steve Kirkpatrick's avatar

Great stuff - thank you. Please keep it coming.

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Maverick Equity Research's avatar

Glad to hear, welcome! Will do so, not posting often but focus on quality, stay tuned, quite some drafts and topics I have in the pipeline ... :).

Have a great weekend!

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Reinaldo Nogueira's avatar

Excellent!

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Maverick Equity Research's avatar

Glad to hear Reinaldo, have a great weekend!

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Long Short's avatar

thanks Mav!

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Maverick Equity Research's avatar

Welcome LS, cheers!

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Daniel Invest's avatar

Great take and class act, cheers Mav!

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Maverick Equity Research's avatar

Glad to hear Daniel, cheers!

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Real Investing's avatar

Great research Mav, thanks a lot!

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