This Time Is Different
Subscribe
Sign in
Home
Archive
About
Share this publication
This Time Is Different
thistimeisdifferent.substack.com
Copy link
Twitter
Facebook
Email
This Time Is Different
Thoughts on investing
By Eric Bjorndahl · Launched a year ago
Subscribe
Login
About
Archive
Top posts
About
Archive
Authors
Login
Let me read it first
A Thought Experiment
Here is a simple thought experiment: In 2021, US venture capital backed companies raised $330B, roughly $180B above the average of 2018-2020 (source) VC backed companies spend roughly 50% of funds raised on marketing (source, source) This implies an “excess marketing spend…
Eric Bjorndahl
Share this post
A Thought Experiment
thistimeisdifferent.substack.com
Copy link
Twitter
Facebook
Email
New
Top
Community
July Update
The biggest challenge for me right now is maintaining a strict valuation discipline, with a focus on individual companies and margin of safety, while…
Eric Bjorndahl
Jul 21
1
2
Share this post
July Update
thistimeisdifferent.substack.com
Copy link
Twitter
Facebook
Email
Unforced Errors
Margin of safety, objective ignorance, uncertainty
Eric Bjorndahl
Jun 3
2
3
Share this post
Unforced Errors
thistimeisdifferent.substack.com
Copy link
Twitter
Facebook
Email
Investment Journal #1
Notes to self
Eric Bjorndahl
May 31
2
Share this post
Investment Journal #1
thistimeisdifferent.substack.com
Copy link
Twitter
Facebook
Email
Durability
And its impact on cash flows and valuations
Eric Bjorndahl
May 3
3
Share this post
Durability
thistimeisdifferent.substack.com
Copy link
Twitter
Facebook
Email
2021 Performance Review
In 2021, my portfolio returned 21.16% and the S&P 500 index returned 28.71%. Cash holdings averaged 60.75% for the year. Personal Performance vs. S&P…
Eric Bjorndahl
Jan 1
1
2
Share this post
2021 Performance Review
thistimeisdifferent.substack.com
Copy link
Twitter
Facebook
Email
Shifting Baselines
Callum Roberts, author and marine conservation biologist, describes shifting baselines as: …intergenerational changes in how we perceive our world. Each…
Eric Bjorndahl
Sep 30, 2021
Share this post
Shifting Baselines
thistimeisdifferent.substack.com
Copy link
Twitter
Facebook
Email
Thoughts on Growth
An increasingly prevalent model for growth, especially in the tech / startup world, is: Spend (and lose) a lot of money to buy users Monopolize the…
Eric Bjorndahl
Aug 27, 2021
Share this post
Thoughts on Growth
thistimeisdifferent.substack.com
Copy link
Twitter
Facebook
Email
See all
This Time Is Different
Subscribe
About
Archive
Authors
Sitemap
This site requires JavaScript to run correctly. Please
turn on JavaScript
or unblock scripts