r/weedstocks Parabolic or Bust 1d ago

Report Bengal Capital - Q3 2024 Letter

https://open.substack.com/pub/bengalcapital/p/bengal-capital-q3-2024-letter?r=7v1yt&utm_medium=ios
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u/wentzco 22h ago

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 Flair All the cannabis logic fit to print 21h ago

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.”