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Don’t Chase That Catalyst

November 14, 2025 by David Thomas

Every investor loves a catalyst.

Earnings beats, product launches, policy shifts.

They’re exciting, but they rarely build wealth.

Because catalysts fade, process doesn’t.

The best portfolios aren’t built on moments, they’re built on motion.

On doing the same thing, again and again, until time compounds it.

Chasing catalysts is like chasing the weather.

You might feel clever for a season, but you won’t own the climate.

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About David

David Thomas invests in the world's largest tech stocks, and writes a newsletter about the global tech ecosystem, and is host to The Global Tech 15, a portfolio of between 12-15 mega-cap tech equities and private community.

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