Originally published on Blossom on June 12th, 2024 Please find retrospective commentary at the end. Those that have been following my posts and approach know that at the core of it is the realization that 78% of the daily trading volume is conducted by institutional money flows and that us INVESTORS (as defined by KTS #11) are left to read, listen, and observe the activity of the INSIDERS (as defined by KTS #11). By doing this, we can beat all but the EARLY INSIDERS to realize consistent double-digit annualized returns. There are many ways to observe them which we covered in KTS #2, KTS#19, KTS #20, KTS#23, and KTS #25. And we will uncover all of them in the KTS. But today, we add a killer tool that allows us to listen directly to the most important INSIDERS, the company officers. So straight from the horse’s mouth! The earnings call or conference call. Maybe consider a re-read of KTS #17 to underscore the importance of fundamental analysis of the companies you have stock in...or, more importantly, stock candidates you are considering. The earnings call is a quarterly event that provides more insight into the current and future state of the company than is reported...anywhere. You will learn when earnings will ramp up, any planned share issues, new capital expenditure changes, operational cost cutting, buybacks, potential acquisition interests, and so much more! So much of this information gives clear guidance on when the business turns , accelerates, or slows.... which we learned from KTS #17...the stock price will eventually always follow the earnings. BUT....there’s a caution here. You don’t need a degree in human psychology....but you do need to grow your ability to detect B.S. Many (most?) CEOs are glorified cheerleaders. But as you listen to the calls, you will figure these ones out quickly....as they are constantly presenting an overly optimistic outlook. And they don’t have as firm of a grip on the core business ..as a CEO that is ALL IN. But when you come across the CEOs that are ALL IN, show humility when business slows, and offer genuine insight on plans to turn around and grow...you’ve got a gold mine! These CEOs create a culture and you can tell by how all of the other officers (CFO, COO, etc.) speak during the call. WHEN BUSINESS IS ON THE VERGE OF BREAKOUT GROWTH, THE ENTIRE TEAM WILL SOUND EXCITED ABOUT THE FUTURE AND EACH WILL DISCLOSE ALL KINDS OF POSITIVE DETAILED INFORMATION. These are awesome attributes of a highly functioning TEAM that embrace continuous improvement. And most importantly for us as INVESTORS, this is what we really invest in - the people. A bad executive team can kill a company’s performance. A great executive team can propel it to new heights! I like what you’re saying, but that sounds like A LOT of work, Beskar? I have a family, and a life outside of Blossom, and I can’t sit on conference calls in all of my free TIME. I agree with you! But here’s how you can streamline it! Over decades, I have done everything from logging on to the investor link on company websites (yes, I had AOL when the internet started...thanks Al Gore!), TOS platform, and others. But what I’ve been using for the past 2-3 years is the BEST yet! Many of you might have it already, but for those that don’t, I STRONGLY RECOMMEND the FREE app, Quartr. Paid version is incredible. QUARTR is an amazing app that allows you to quickly hear INSIDER Officers speak. Key differentiating features that will save you TIME are: 1) Allows you to search the entire database of ALL company transcripts for key words. Try it with “direct lithium extraction” or “ChatGPT” or “Taseko” or “carbon capture”. 2) Allows you to speed the conference call 1x, 1.1x, 1.25x, 1.5x, or 2x. So you can make a 40 minute call, 20 min! 3) Reduce your TIME to listen and learn on these calls even further with the 15 second advance/rewind buttons. So you can cut out another 3 minutes on risks and disclosure statements. 4) Follow your companies by adding to a list that sends you notifications whenever an earnings call, annual meeting, or conference presentation is made......in REAL TIME! No sign Ins....nothing! 5) A printed transcript, earnings release, and the presentation slide deck....all available at your finger tips. Talk about efficient! 6) Also, it splits the earnings call into opening remarks by the officers....and the juiciest part...when the analysts that cover the company grill management for clues to formulate and compute their price targets. You can learn SO MUCH from how management responds to these questions. I am confident after you listen to 20 of these, your B.S. detector will be properly calibrated! 7) It also has the past year’s key financials..BUT MOST IMPORTANTLY, it has the Forward metrics..and specifically for our approach, it has forward P/E and FreeCash Flows (the collective analysts’ estimates). Tomorrow I plan to publish This Is The Way Series #2 to demo. Next TIME you workout, try Quartr. Your portfolio performance will improve! Retrospective commentary - November 11th 2026 As Q3 earnings season slowly comes to an end, this re-post comes at just the right TIME. After a week loaded with content and ideas (the #26 re-post and the announcement of Beskar’s Blossom Index!)… we let some TIME pass to digest. But today, we’re back on track with our re-post series. All right, let’s jump right back in it. We routinely share our insights on how we read key earnings calls… But one core value of Beskar Capital is to teach people how to fish, not simply give the fish away. 🎣🐟 This is central to how I want the KTS to be. As mentioned in the original post, developing your ability to detect B.S. and extract the truly meaningful information from these earnings calls takes TIME. In our mission to teach you how to fish… practice makes perfect. That’s why I routinely put our members to the test through various exercises published in the BESKAR STEAD 🏰, our community feed. These usually come in 2 forms: 1) Beskar Capital Guess Who? 👀❓ 2) Beskar Capital Classroom Quiz! 🤓🧠 You’ll find 2 examples attached, taken directly from the BESKAR STEAD 🏰 A third activity is also taking place: THE RECESSION TICKER WATCH GROUP 🕵️ We hand-picked a list of stocks to monitor as the real estate/banking crisis cycle reaches its critical milestones. 70+ members joined the watch group, and each was assigned 1 ticker. Their task: TUNE IN TO EARNINGS CALLS… and report back to us when specific words are mentioned. How does all of this HELP you? These specific words provide a framework. The quiz excerpts target specific elements, so you can learn how to keep what matters RIGHT NOW… and leave out the noise. It’s a chance to see what insights Beskar isolates and through what prism Beskar sees the world. It focuses our attention on what’s relevant in our constant pursuit of double-digit market-beating returns over TIME! It also shows you which companies are worth listening to most of the TIME because they’re core to the American economy and proxies to the direction of markets. Just yesterday, our members saw a flood of repositioning transactions towards an niche area of the market, that is set to outperform as the secular trend continues to play out. I have been listening to countless industry calls on Quartr in the last 3 days to best understand where to plant the seeds next to harvest double-digits returns over TIME - going in with the early investors (KTS #11) while the retail investors cross their fingers on the $RGTI s, $CRWV s and $NVDA s of the world. All of this so YOU can get better at READING and LISTENING to markets. I encourage all our members to dig in and do the work. And these easy-to-learn exercises really act as stepping stones along your learning curve, giving you the push you need to get started. Conventionalists keep trying to convince you that you can’t successfully do any of this… what a shame, and what a waste of talent. 😞 YOU CAN DO IT!!! 😂👍🏆 Our members now routinely report amazing insights to share with the group… fast-forwarding their financial acumen. Remember, I want you all to WIN 🏆 This is the Way! 🏄🌊
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