Want more stories like this in your inbox?
October 11, 2024
mispriced assets
This is a One Minute Blog (OMB). The average person can read 238 words per minute. This blog is 459 words, because…um… you’re not average :)
A few weeks ago - I did a podcast talking about Weight Watchers stock.
The stock was in the dumps. Down 90%+. Market cap only $60M (for a company that everyone and their mom has heard of).
Did weight loss go away? Was it a trend? Nope. We’re still fatter than ever.
But Ozempic (and other factors) had crushed the stock.
On the podcast we said: ‘this looks mispriced. I think i’ll buy some stock today’.
Look at this chart:
1 month, up +166%.
Am I saying we’re stock picking geniuses, and you should listen to every episode we do if you want to get rich? (no, and yes).
But I tell you this story to bring up the idea of “mispriced assets” - things that are overlooked, or misunderstood.
Stocks are cool, but I look for mispriced assets in my daily life.
For example, what personality traits are undervalued?
Everyone wants to be smart. That’s fairly priced.
Here’s one answer: showmanship. The more we’ve become bent-neck nerds, staring at phones, old school showmanship has become rare.
Quick story: I recently hired a basketball coach. It’s weird. I know. What 36 year old out of shape dude hires a basketball skills coach?
Well, because running on a treadmill makes me want to murder kittens, and playing basketball makes me happy.
Anyway, I show up for the session – and he’s already surprised.
He normally trains NBA prospects…and here I am: a tech nerd with greying hair, wearing mismatched socks, and a Michael Scott style tank top jersey.
I do a little stretching, and he tells me to shoot a free throw so he can take a look at my form. He’s trying to figure out my baseline.
I step to the free throw line.. **dribble..dribble.. exhale…CLANK!**
On purpose, I threw up the ugliest jump shot you’ve ever seen. I would have put Bo Outlaw to shame (deep reference for my NBA boys)
My coach was stunned. I’ve never seen a face say so clearly: “what the hell have I got myself into”.
Then I paused before saying: “I’m just kidding man”… **shoots a normal shot, makes it**
He busted out laughing. “Oh man, you got me. That was good. That was so good. That was my favorite moment at work this whole year. That’s funny.”
It took 10 seconds, but just choosing to have a little showmanship, or playfulness, made this guys day. He told all his coworkers, and was still laughing about it the next session.
As adults, it’s easy to have all your playfulness, and showmanship beaten out of you. The world wants you to be serious.
But why? Why so serious? Everybody likes fun. But we act like doing fun things is wrong or inappropriate.
Baloney! Today - find a moment to play. Find a moment to do something with a little finesse. A little style. A little…showmanship!
- Uncle Shaan
Shaan Puri
More essays
Join 109,050 entrepreneurs on my email list. It's good, I swear.