🏰 One 10-K A Day
It’s #QualityTuesday!
In this series, you’ll learn 5 things about the stock market in less than 5 minutes.
1️⃣When to sell
Peter Lynch is one of the best investors in the world.
Here’s when he decides to sell a company:
2️⃣ How to read a 10-K
I read one annual report every single day.
It’s the best way to learn about a company.
You want to learn how to do it yourself? Take a look at this e-book:
3️⃣ One simple investment quote
Bear markets are opportunities.
Act accordingly.
4️⃣ New webinar
I will give a new webinar about investing in companies with a strong competitive advantage in partnership with Tema.
When: Tuesday, the 24th of June
Time Slot: 1 PM ET/7 PM CET
Topic: Investing in companies with a moat
Price: free
You can register here:
5️⃣ Example of a Quality Company
Interactive Brokers ($IBKR) is a US-based online broker with over 3.6 million clients.
It offers access to stocks, options, futures, currencies, and more on 150+ exchanges worldwide.
IBKR earns money in two main ways:
Interest income (60.5%): It invests over $100 billion from its client cash into safe loans and bonds, earning a profit on the spread, just like a bank.
Fees and commissions (39.5%): Clients pay small fees for each trade they place on the platform.
Here’s a screenshot from our performance:
The screenshot above is the official track record from my account. If you want to explore more, you can find everything you need to know about Interactive Brokers here.
Why might Interactive Brokers be interesting?
One of the best brokers in the world
Great Owner-Operator company
Very high profitability in combination with attractive growth
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Everything in life compounds
Pieter (Compounding Quality)
Book
Order your copy of The Art of Quality Investing here
Used sources
Interactive Brokers: Portfolio data and executing all transactions
Finchat: Financial data
Peter Lynch nailed it: if the story changes, you sell. A nice reminder that guys like us had better hammer on reading the 10-Ks with our subscribers. If you want an edge, spot the shift before the crowd does.
Too many mails distracts. Maybe only 1 mail on a fixed day of the week ?