Recently landed on your substack. I'm really grateful for investment antithesis that contain the whole process. I'm also quite into video games and agree that downside protection is paramount and often simply inexistent in most studios.
Thank you for the feedback! There are definitely some wonderful studios (whenever some of my friends talk about a game, I always check the studio) with very strong IPs, but unfortunately I think a lot of them are too richly priced right now.
I also like that whenever a studio releases a game that doesn't perform too well, many instantly turn bearish even though, intrinsically, the developer hasn't suddenly become worse at producing good games. Gives you a nice entry point.
I think Nintendo has immense potential still, as it's becoming more digital and "I-phone-ish". I imagine you've read Ryan Connor's thesis from Crossroad Capital?
Recently landed on your substack. I'm really grateful for investment antithesis that contain the whole process. I'm also quite into video games and agree that downside protection is paramount and often simply inexistent in most studios.
Thank you for the feedback! There are definitely some wonderful studios (whenever some of my friends talk about a game, I always check the studio) with very strong IPs, but unfortunately I think a lot of them are too richly priced right now.
I also like that whenever a studio releases a game that doesn't perform too well, many instantly turn bearish even though, intrinsically, the developer hasn't suddenly become worse at producing good games. Gives you a nice entry point.
I think Nintendo has immense potential still, as it's becoming more digital and "I-phone-ish". I imagine you've read Ryan Connor's thesis from Crossroad Capital?
I'll take a look at Nintendo. It's been on my watchlist for a while but I never got to it.
I haven't read the thesis but I will now -- thank you!