Patience and aggression
Dec 18, 2020
The investing world is full of paradoxes. Legendary investor Charlie Munger said it best at an interview with Caltech earlier this week:
"Good investing requires the weird combination of patience and aggression… and not many people have it.”
We think we have it at Titan. Let's explain why.
Aggression is what enables our winners to matter. It means having the conviction to take big swings when major opportunities emerge, and staying invested in winners even after rallies if the fundamental thesis remains intact.
For example, we launched in Opportunities in August after seeing a decade-long dislocation in quality small-cap stocks ripe for reversal. It has yielded 3 multi-baggers to date (APPN +196%, UPWK +157%, ROKU +126%). And we think there's a lot more growth ahead.
Patience means the exact opposite. It means being totally happy doing nothing at all if the risk/rewards you're presented aren't favorable - even if it seems like everyone else is minting easy money.
For example, we've only added 3 new stocks to Flagship this year because we struggled to find ideas better than our existing 20. We resisted the urge to "do something" while other investors tried to trade around COVID-induced volatility. Patience has paid off for our clients: our biggest YTD winners have been stocks we've owned for years (TWLO +271%, PYPL +118%, NOW +98%).
Striking the right balance between these opposing traits is no easy task, but our investment team is focused on doing it every day for you at Titan.
We encourage you to check out Munger's full interview at this link. It's a truly remarkable window into a mind that, at 96 years old, is still one of the sharpest in the business.
Cash Management
© Copyright 2024 Titan Global Capital Management USA LLC. All Rights Reserved.
Titan Global Capital Management USA LLC ("Titan") is an investment adviser registered with the Securities and Exchange Commission (“SEC”). By using this website, you accept and agree to Titan’s Terms of Use and Privacy Policy. Titan’s investment advisory services are available only to residents of the United States in jurisdictions where Titan is registered. Nothing on this website should be considered an offer, solicitation of an offer, or advice to buy or sell securities or investment products. Past performance is no guarantee of future results. Any historical returns, expected returns, or probability projections are hypothetical in nature and may not reflect actual future performance. Account holdings and other information provided are for illustrative purposes only and are not to be considered investment recommendations. The content on this website is for informational purposes only and does not constitute a comprehensive description of Titan’s investment advisory services.
Please refer to Titan's Program Brochure for important additional information. Certain investments are not suitable for all investors. Before investing, you should consider your investment objectives and any fees charged by Titan. The rate of return on investments can vary widely over time, especially for long term investments. Investment losses are possible, including the potential loss of all amounts invested, including principal. Brokerage services are provided to Titan Clients by Titan Global Technologies LLC and Apex Clearing Corporation, both registered broker-dealers and members of FINRA/SIPC. For more information, visit our disclosures page. You may check the background of these firms by visiting FINRA's BrokerCheck.
Various Registered Investment Company products (“Third Party Funds”) offered by third party fund families and investment companies are made available on the platform. Some of these Third Party Funds are offered through Titan Global Technologies LLC. Other Third Party Funds are offered to advisory clients by Titan. Before investing in such Third Party Funds you should consult the specific supplemental information available for each product. Please refer to Titan's Program Brochure for important additional information. Certain Third Party Funds that are available on Titan’s platform are interval funds. Investments in interval funds are highly speculative and subject to a lack of liquidity that is generally available in other types of investments. Actual investment return and principal value is likely to fluctuate and may depreciate in value when redeemed. Liquidity and distributions are not guaranteed, and are subject to availability at the discretion of the Third Party Fund.
The cash sweep program is made available in coordination with Apex Clearing Corporation through Titan Global Technologies LLC. Please visit www.titan.com/legal for applicable terms and conditions and important disclosures.
Cryptocurrency advisory services are provided by Titan.
Information provided by Titan Support is for informational and general educational purposes only and is not investment or financial advice.
Contact Titan at support@titan.com. 508 LaGuardia Place NY, NY 10012.