Top 10 ideas - 3 Industrials
Going through 3 of our top 10 ideas - the Industrials. Waste plants, medical devices & niche industrial technology.
Disclaimer at the bottom.
Lately, my feed has been flooded with portfolios up several hundred percent, speculative assets taking off, and increasingly fragile narratives trying to justify it all. In times like these, it’s more important than ever to slow down, stay grounded, and think independently.
Daniel’s video below is a timely reminder of why rationality and discipline matter. Had I absorbed some of these lessons earlier, I might have avoided a painful 40% drawdown and with improved sleep at night.
Investing isn’t a race to become first — it’s about staying in the game.
Personally, I’m trying to step away from noise. I’m no longer interested in the next big thing or what’s trending. I’ve found far more success, and peace of mind, by focusing on companies few talk about. The ones that quietly compound value in the background: steady, cash-generative, operationally disciplined businesses with strong moats and rational capital allocation.
These are rarely businesses you’ll find in your news, on social media or in the store. What matters most is understanding their value proposition, how their customers behave, their durability, and how well management deploys capital. Then, of course, weighing all that against the price we’re being asked to pay.
One of the most important lessons in investing is that you don’t have to chase what’s hot to do well. Most great returns come quietly—from patient ownership in quality companies over time. If others succeed with speculative strategies, that’s great. But it’s not our path. And that’s the point: pick a path that fits you.
In today’s write-up, we’ll show how this thinking plays out in practice. For our paying members, we’re diving into our rational for owning three of our top 10 portfolio ideas, starting out with the Industrials. Once we’ve covered all 10, we’ll compile a full PDF report with one-pagers on each, exclusively for members.
