Postcards: It's Game Seven... (Free EPD Report)

Here's a quick lesson from one of the greatest baseball games ever... and the baseball card that jogged this idea on a Saturday morning. ͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­ Forwarded this email? [Subscribe here]() for more You are a free subscriber to Postcards from the Florida Republic. To upgrade to paid and receive the daily Republic Risk Letter, [subscribe here](. --------------------------------------------------------------- [Postcards: It's Game Seven... (Free EPD Report)]( Here's a quick lesson from one of the greatest baseball games ever... and the baseball card that jogged this idea on a Saturday morning. [Garrett {NAME}](floridarepublic) Aug 24 floridarepublic   [READ IN APP](   Dear Fellow Expat: The Metrodome in Minneapolis buzzed. Game 7. The 1991 World Series. Atlanta Braves versus Minnesota Twins. Baseball fans remember Twins pitcher Jack Morris in that game. He pitched ten shutout innings against a damn good Braves lineup. I was 10 years old. My older brother was rooting for the Braves. So, I was rooting for the Braves. Every pitch, a lump filled my throat. Games and life come down to moments. The one that decided the game? Eighth inning. The score: 0-0. The speedy Braves outfielder Lonnie Smith is on first base. Terry Pendleton is up to bat. He swings. Crack! The ball rockets toward the gap in left-center. Smith should be flying. He’d played organized professional baseball since 1974. With that ball in the gap, third base is his. Easily home. But along comes a hero. The Twins second baseman is Chuck Knoblauch. He’s a rookie. He takes a chance. He pretends that the ball hit was a groundball hit to him. Smith’s running past him. Knoblauch dekes the runner, pretending to throw a phantom ball to the shortstop. Suddenly, Smith’s confused. He hesitates. A split second. That’s all it takes. Smith slows. He stops at second base. The ball bounces off the left field wall. Smith is standing still. Smith finally realizes that the ball is in play and runs to third. He stops there. He doesn’t score. The Braves had runners on second and third with no outs. And they don’t score… ending the inning on a short groundout to first base (that prevented Smith from advancing)… and then a double play to end the inning. Knoblauch’s trickery saves the day. The threat dies. The game stays tied. The Twins go on to win in extra innings. Memory Unlocked Game Seven of the 1991 World Series is arguably the greatest game in postseason history. There was never-ending high drama. I remember my brother standing before the television, pretending to be Lonnie Smith later in the game. Lance said Smith would hit a home run and salvage that moment. Smith didn’t. But what did Smith do? He unlocked a memory for me. As you know, [I bought 150,000 baseball cards]( dating from 1978 to 2001. This morning, I found a 1990 Fleer Lonnie Smith card. It’s worth - according to resale markets - [about 35 cents](. Hardly the type of ROI needed… right? But what did it deliver? This story. This memory. This reminder of good times. What Do I Remember? What’s interesting about this is that I have a steel trap for baseball. I know very random numbers. I’m great if you need a guy for Bar Sports Jeopardy… I remember great moments in life. I remember conversations down to words - even if I was on my nth drink of the evening in college. I also remember people’s promises even after their nth drink of the evening... I remember everything… except one thing. My “best trades and investments” ever. I don’t know why… but I sometimes forget about trades. Perhaps I think of investments differently—not monetary, but elements of time or resources put into my daughter’s future. It’s hard to remember any real excitement or motivation that drove me to buy Apple stock in 2008. I honestly did so because my friends were buying it… (yes, Mom, I would jump off the bridge if my friends did, but only if there were Apple shares in the water…) But remembering how and why I felt before I did something… that’s tricky. So, I did something about that. Have Rules Trading and investing is one of the most emotional experiences of your life. We remember and react to loss way more than success and victory. It’s part of the human experience (if you’re different from this, the world envies you.) The decisions you make with money are incredibly malleable. We spend on a whim, buy a stock we heard about on CNBC, and don’t consider the things that made our best investments. My all-time best call is a [company called SkyWest Inc. (SKYW)](. This became a staple portfolio stock during my time at Money Map Press. It’s up 400% since I added to a long-term portfolio (and I completely underestimated its true value because it went well above my $20 price target). What the hell made me want to buy a failing airline company in December 2021? Especially when the markets were at the onset of an epic period of uncertainty due to interest rate hikes. Why and how do I remember that trade? Because I followed rules… I wrote down exactly what I was looking for in a company and the type of conditions necessary. Here at Republic Research, we're seeing very specific metrics: strong management, low intrinsic value, high capital efficiency, and the upside of real momentum. Is it possible to get things wrong? Of course. But what matters most is that I build the necessary conviction. I remember the specific things that get me excited about a company. One of the other things I’ve focused on in the last few months is understanding the real core drivers of a company’s success. I find out what drives the business and look for catalysts—or White Swans—that can enhance its long-term success. We call them, for now, Republic Drivers. That led me to write this long report on Enterprise Product Partners (EPD), [which you can read for free](. It’s a [17-page draft that I probably wouldn’t get to publish]( so I’m just giving it away since I don’t have a copywriter to help promote it. If you understand the power of the second wave of U.S. oil and gas, I assure you, it will feel like Game Seven again. Stay positive, Garrett {NAME} Disclaimer Nothing in this email should be considered personalized financial advice. While we may answer your general customer questions, we are not licensed under securities laws to guide your investment situation. Do not consider any communication between you and Florida Republic employees as financial advice. Under company rules, editors and writers cannot recommend their positions. The communication in this letter is for information and educational purposes unless otherwise strictly worded as a recommendation. Model portfolios are tracked to showcase a variety of academic, fundamental, and technical tools, and insight is provided to help readers gain knowledge and experience. Readers should not trade if they cannot handle a loss and should not trade more than they can afford to lose. There are large amounts of risk in the equity markets. Consider consulting with a professional before making decisions with your money.   [Like]( [Comment]( [Restack](   © 2024 Garrett {NAME} 548 Market Street PMB 72296, San Francisco, CA 94104 [Unsubscribe]() [Get the app]( writing]()