Gavin BakerFear is the mind-killer: secular growth stocks are becoming increasingly attractive.Secular growth stocks have been dramatic relative underperformers for the last 11 months. This underperformance was quiet at first, but has…May 18, 20211May 18, 20211
Gavin BakerLessons on winning and losing as an investor from “The Art of Execution”I recently read Lee Freeman Shor’s “The Art of Execution” and thought I would publish a brief review/overview as it resonated with me…Apr 17, 20213Apr 17, 20213
Gavin BakerLessons from George Vanderheiden, one of the greatest investors I’ve ever known.George Vanderheiden is one of the best investors I’ve ever known. He chose to retire in early 2000, massively underweight technology and…Dec 26, 20208Dec 26, 20208
Gavin BakerWhy suits are cyclical and business travel is coming backBusiness travel is coming back for the same reason that suits always come back.Dec 22, 20204Dec 22, 20204
Gavin BakerWhy category leading brick and mortar retailers are likely the biggest long term Covid…I believe the biggest long term beneficiaries of Covid will prove to be category leading brick and mortar retailers. By this I simply mean…Oct 18, 20205Oct 18, 20205
Gavin BakerInvesting Mistakes, Chapter 1001Investing is a difficult, humbling pursuit. I am often asked about mistakes I have made. While the list of my mistakes is quite long, I…Aug 14, 20202Aug 14, 20202
Gavin BakerRisk/reward in the stock market: Three Body Problems and Hic Sunt Leones.The “Three-Body Problem” is a reference to Poincare’s 1889 work showing that there was no closed form solution for modeling three point…Jun 11, 2020Jun 11, 2020
Gavin BakerScale and Loyalty are more important online than offline, which drives much of the “winner take…Scale and loyalty are generally the most important metrics to me as an investor as they are the most sustainable — and measurable —…May 10, 20207May 10, 20207
Gavin BakerInvesting Book ListI recently had the pleasure of giving a talk to CSIMA, which is the Columbia Student Investment Management Association. Afterwards, they…May 2, 20204May 2, 20204
Gavin BakerSoftware contracts, first-lien debt and the reality that no revenue is truly recurring.Robert Smith, CEO and founder of Vista Equity Partners famously said: “Software contracts are better than first-lien debt. You realize a…Mar 22, 20201Mar 22, 20201