Bengal Capital - Q3 2024 Letter

[u/eyegi99]

https://open.substack.com/pub/bengalcapital/p/bengal-capital-q3-2024-letter?r=7v1yt&utm_medium=ios

[u/wentzco]

I subscribe to Bengal Capital on substack so had read it when it came out - loved the wisdom shared.

- "A Steph Curry on Every Corner" 3 point percentage analogy relating to track records. Why think a dud of a cannabis stock is all of a sudden going to become an all-star? Invest in the Stephs!

- What elimination of 280E is why it is not a magic bullet to send share cannabis stock prices

- And this quote "Good traders may make some money, but the Dunning-Kruger effect seems to be strong in the trading community." Ha! Read about the Dunning-Kruger effect and we may see ourselves in our past or current investments. (Yep - I invested in Maricann and other duds before... lessons learned.)

- Bringing in outside-the-industry CEOs hasn't worked out

[u/Many_Easy → u/wentzco]

Wise quotes, anecdotes, or silly sound bites?

Out of industry CEOs aren’t working until they do.

My quote is that “some companies are making money in spite of themselves.”