Summary

  • A narrow focus stock list to help us find quality when prices give us an opportunity.
  • Per the 4th Quarter Macro And Market Outlook we are looking to become nearly fully invested temporarily on a market pullback.
  • Selling puts into December and January will be a focus, however, there are will be opportunities to build stock positions on a deeper market dive.
  • Dividends are overvalued, caution is warranted.

 

All you need for a lifetime of successful investing is a few big winners, and the pluses from those will overwhelm the minuses from the stocks that don’t work out. --- Peter Lynch

In real estate it is "location, location, location." In stocks it's quality, quality and asymmetric growth potential. The problem is that in the stock market, basically everybody knows who the quality stocks are. There are certain companies that only go on sale once or twice a decade, usually during correlated market corrections when "everything" falls in price.

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