A few of you asked what I am doing with Tesla’s Cybercab week. Short answer first, then the book.
I am not buying a robotaxi and I am not building a little fleet around it. The product is still a waitlist and private cars still cannot earn on that network. What I can own today are publicly traded stocks!
Here we go:
These are the FJ Research bets, ordered by portfolio weight.
We are winning and outperforming the index with a concentrated book. A few names, sized so they actually matter, held long enough for the business to do the work. As all of you know, I am not running 20 ideas so I can look busy & I am not religious about the list. Palantir was a sentiment gift and I took it. SpaceX I wanted to own before the story was “comfortable”, knowing it could go lower and that I would add if it did. That is invest, then investigate (Druckenmiller). You take the position when the chance is there. You do the deeper work while you own it. When the facts change, I change. I sold names I had already written about because the risk-reward was no longer the same.
I get asked about Oscar and Amazon more than the rest, so here is how I think about the risk-reward:
Full details on position sizing, the monthly add, and what I’m buying next are for paid subscribers.
Now is a good time to join.