Cheeky Pint Dan Sundheim of D1 Capital on the art of public market investing
358 snips
Oct 22, 2025 
Dan Sundheim, Founder and CEO of D1 Capital with a multi-billion dollar portfolio, shares his insights on public market investing. He discusses the stress of managing losses and the emotional asymmetry involved. Sundheim reveals his thoughts on the GameStop short squeeze and the evolution of short-selling risk management. He also critiques why successful private companies should remain private, admires Elon Musk’s innovative strategies, and stresses the importance of pattern recognition in investing. A revealing look into the mind of a top investor!
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Begin Buying Before The Memo
- Start building positions before the memo is finished to avoid missing price moves in public markets.
- Finish the memo as final diligence and use it to add to winners when prices decline further.
Early Gains Pull Future Returns Forward
- Returns often compress after early strong gains because investors pull future gains forward.
- That makes selling winners too early one of the firm's biggest mistakes.
Stock Picking Is Pattern Recognition
- Great stock picking is pattern recognition built from years of experience and industry exposure.
- Commercial instinct and persistent curiosity distinguish top investors.
