Q3 Founder Notes 1
When ~10% doesn't feel like enough...
***Founder Notes are published quarterly for Founding Level subscribers and additionally on an as-needed basis. If you’re a Free Reader or a TTL Subscriber, look for the next regularly scheduled issue at 9:00 AM EST on Thursday, August 13***
Dear Founders,
It’s midsummer, hot everywhere. New York City felt like Tucson during parts of July, especially over the 4th holiday. Shocking, and not from the typical newspaper chatter about heat. In this case you walked outside and wondered if the paint on the door might peel off if this kept up.
As you know, we’ve been light on new stocks in TTL this quarter. Some people bark about it, yet now see why. The overall market is not great for a stock buyer, and people just now figured it out.
We seem to be in this pattern of running up too much, then stalling out to release pressure. It’s odd, but we should go with it.
In the meantime, two things for you…
First, there’s a new feature coming to TTL. I’m hoping you’ll beta test it and leave feedback below. It’s fun, interactive, and should be something we enjoy for years.
But first, let’s revisit the small royalty stock we discussed last issue. It’s up ~10% since… which is not exactly a slam dunk.
However, it still seems like there’s a little more runway before it’d be time to offload it. As in, could ~10% turn into more.
It’s almost that feeling of, when is someone going to notice this thing…