The Schwar Report - #1
Monday 19th August 2024
Welcome to the first edition of The Schwar Report, your weekly primer featuring three interesting reads, two thought-provoking quotes, and one actionable step to start your week on the right foot.
Three Reads to Inspire Your Week
"Against the Gods: The Remarkable Story of Risk" by Peter L. Bernstein
Why read it: This book delves into the history and evolution of risk, exploring how humanity’s understanding of uncertainty has shaped the modern world. Bernstein’s analysis is both thorough and engaging, making complex concepts accessible. It’s a must-read for anyone looking to grasp the foundational principles of risk management in investing and beyond. You can get a copy here:
“Google Investment Case: Not Cheap But Exceptional” by
Why read it: This comprehensive overview dives deep into Google's current valuation and long-term prospects. If you’re looking for a thorough analysis that covers both the strengths and challenges of investing in Google, this is a must-read.
“Understanding Nintendo’s drop” by
Why read it: This article provides a timely analysis of recent developments affecting Nintendo (See below). It’s a great complement to our report, offering up-to-date insights into the company’s current challenges and future prospects. If you’re invested in or considering Nintendo, this read is essential for staying informed about the latest developments.
Two Quotes to Reflect On
"In investing, what is comfortable is rarely profitable."
— Robert Arnott
Reflection: Comfort zones in investing often lead to missed opportunities. True growth comes from holding strong through downturns and embracing a contrarian mindset when others are fleeing. It’s in these uncomfortable moments that the greatest potential for profit often lies."Know what you own, and know why you own it."
— Peter Lynch
Reflection: Understanding the fundamentals behind your investments keeps you grounded during market volatility. Reassess your holdings to ensure they align with your strategy. This brings us on to...
One Action Step: Review Your Portfolio with Fresh Eyes
This week, dedicate some time to reviewing your portfolio. Focus on understanding why you hold each position. Does each investment still align with your long-term goals? Have market conditions or your financial situation changed?
Quick tip: Use a checklist to guide your review—assess strategy alignment, risk levels, and potential growth. This isn’t about making immediate changes, but about ensuring your portfolio reflects your current objectives. Check out our checklist as well as our investing philosophy here!
![Our Investing Philosophy [Free Checklist]](https://substackcdn.com/image/fetch/w_140,h_140,c_fill,f_webp,q_auto:good,fl_progressive:steep,g_auto/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F43eb5ad6-6a32-45eb-989a-5f929c2b740d_1080x1080.png)
That’s it for this week’s Schwar Report. We’re here to help you stay informed, grounded, and focused on your long-term success.
Have a productive week,
The S.C. Team
Disclaimer: The content provided in this newsletter is for informational purposes only and does not constitute financial, investment, or other professional advice. The opinions expressed here are those of the author and do not necessarily reflect the views of Schwar Capital. Investing involves risk, including the possible loss of principal. Past performance is not indicative of future results. The author may or may not hold positions in the stocks or other financial instruments mentioned. Always do your own research or consult with a qualified financial advisor before making any investment decisions.