I usually post all my strategy and moves on my website, but I could write a short memo here. Have been investing in public capital markets going on 8 years, and have 6+ years worth of performance data. That performance data is pinned in my Twitter profile at the end of every month TWR by Fidelity. Worked as an analyst at a boutique shop 2 years out of college and then left, on my own terms, I was the only analyst for basically 2 years. I am slowly building out Fiducia while working a middle markets job at a larger institution, while completing my MBA in Business Analytics. The job allows me to focus on my research and analysis, and promote long-term growth strategies. I plan on focusing more on Fiducia in 2021 and growing with my peers.

My strategy is relatively simple, I like finding strong companies led by extremely strong management with vision. I enjoy reading the stories about some of these companies, and I do not trad too often in my "Growth Fund" which is my long-term account I have linked up here. The ability to gut volatility creates better investors in my opinion, I enjoy reading financial literature and gathering an overall understanding of where we are in the current market. I put a lot of emphasis on management.

I like to find faster growing names, in niche end markets. Zebra is the exception as it is my "Economic Recovery Play" while I have a lot of faster aggressive name exposure, to have balanced exposure headed into 2021. I have been in names like Square, Veeva Systems, Apple, Livongo, Home Depot, Lam Research, and many more in this account that have attributed to my 6+ year CAGR. The names I own now, I have dug so deep into, I feel confident gutting volatility with them over the next (at min) 5 years.

Being able to adapt to this dynamic industry is critical, the markets shoot first and ask questions later (as we saw in March). My Anaplan and Blackline holdings are not your sexy HYPER-GROWTH names, but they are very steady growing, niche names, with nice valuations. Who cares about accounting software right, and planning software? Valuation is sanguine to me at these levels, to offset my NET which is at the top for most expensive P/S now. I find "value" in the names I currently own, especially in a seemingly frothy market with SaaS names trading at record P/S. "The market can remain irrational longer than we can remain solvent".

I study and subscribe to my companies websites, I read their SEC filings, quarterly reports, annual reports, news article and write ups that come out on them. In order to be the best, you have to feel like you have the edge in your names. I dont know everything about my names, as I am sure a lot of people do not. This is why I own only 5 names. Any more than that, I feel it is a distraction to having an edge (for me).

Thank you for reading my memo :)

Happy investing,

Fiducia