QQQM - Monthly Newsletter - January 2021

• The recent action in stocks such as GameStop, AMC Theatres and BlackBerry, among others, may look crazy to those of us in the more sober, calm and unhurried end of the capital markets; but in fact it does not affect us at all because we are indeed playing a different game.
• Financial success is a long game. Short of winning a lottery, having a fabulously rich uncle die, or defrauding others, the road to lasting wealth is one that requires sustained effort over years.
• We cannot predict what will happen next in the Reddit saga. Our experience leads us to believe that it will end in tears.

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