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Waterboy Stocks

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Substack
PricingOnly free issuesPublishesTwice weekly
Issues112Founded2 years agoLast Issue6 days ago
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Latest Issues

July

Portfolio: 100% cash (VBIL). July was an interesting month. Early on, it was announced that David Tepper’s Appaloosa Management was running an average of about 40% cash and that Terry Smith’s Fundsmith had pivoted toward momentum. A few wee...

6 days ago
12
2

Groceries

Here is an update on the “Groceries, Not Perfume” stock list on November 28, 2025. Most of the stocks were cheap on tangible assets with low debt relative to equity. Each of the 39 stocks was backtested from December 1, 2025, to July 31, 20...

8 days ago
10
1

Top-heavy

“Long Angle's 2026 High Net Worth Asset Allocation Report reveals that 94% of high net worth investors now allocate to private and alternative assets, effectively eliminating the distinction between "core" and "alternative" holdings. The fi...

24 days ago
8

Dancing

Banks Are on a Goldilocks Run. Don’t Assume It Will Last. (July 15, 2026)


Citigroup Monthly Returns (2007-2009)

S&P 500 Monthly Returns (2007-2009)



“‘There are times when opportunities are just thrown at you so fast...

a month ago
10

Tepper

David Tepper’s $23 billion hedge fund, Appaloosa Management, is about 40% in cash. Meanwhile…

Tepper was also 40% cash in the fall of 2007. He talked about the position to students at Carnegie Mellon University:

“Right now we’re pretty ca...

a month ago
23
1

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