Important Changes for Sycamore
Important updates for free subscribers
Hello Sycamore readers,
I want to share some important changes I am making as I approach the one-year anniversary of launching my paid newsletter on July 1.
First, I want to say I am extremely grateful to every one of you who has followed along and supported my work, even from the free tier. Over 1,700 of you have subscribed and that means a great deal. I love investing and have deep conviction in my ideas and the long-term arc of my portfolio. It is a lot of fun to write and share with all of you.
Not only this, but the extra income from paid subscribers (nearly 50 of you!) has been a great support to my family as we continue to grow. As many of you know, our sixth child (and first girl!) will be born in August.
With all that said, I will maintain a paid service going forward, but with some important changes that I think make this a great time to consider joining:
1.) I will be lowering the price to $70/year or $8/month. This is the most accessible Sycamore has ever been. For those who have been on the fence, I hope this removes some of the barrier. We’re talking 19 cents per day.
What do you get as a paid subscriber? On average 1-2 posts per month, including portfolio updates, specific stock ideas and investment theses on individual securities, and a new addition this year in Catholic values investing content (more on this below).
As I have always said, Sycamore should be read over the course of an entire year, not for just one month. The portfolio currently consists of seven high-conviction ideas.
Why the lower price? I simply haven’t been able to publish as much and as often as I would like. And given how stretched thin I am across family life and full-time work, it feels right to adjust the price to match the pace. Obviously, I could pummel you with AI generated content, but I don’t want to do that, nor do you want to read or pay for that.
2.) On that new theme, as you may or may not know, I am a devoted Catholic. I have spent six years of my life doing missionary work to complement six years in equity research and wealth management. I am back in the mission field (going on 3 years now) and am passionate about Catholic values investing and the faith itself. I hope in this next year of publishing to write on this topic from time to time.
Catholic values investing is simply the effort to integrate Catholic social teaching and the moral life into the context of business and investing. It’s a pretty nascent category that needs a lot of voices to begin working on if it is to become a comprehensive solution for investors. Over time, I hope to eventually be one of those voices. If this resonates with you, I’d especially love to have you along.
Despite some disappointing performance over the past 10 months, I have deep conviction in the businesses I own and the long-term arc of the Sycamore portfolio. I’m excited about where this goes in year two, and grateful you’re along for it, and I hope some of you decide to come along as a paid subscriber.
Thank you for subscribing!
Matthew Blake
Founder & CIO | Sycamore Capital Management, LLC
Disclaimer: Sycamore Capital Management, LLC (referred to in some materials as “Sycamore” or “Sycamore Capital”) is a research and publishing platform provided for informational purposes only. Nothing published by Sycamore Capital Management, LLC or its author constitutes investment advice or a recommendation to buy, sell, or hold any security. The company is not a registered investment advisor and does not manage client assets or offer personalized financial advice. All opinions expressed are solely those of the author, and any securities referenced reflect personal holdings at the time of publication unless otherwise stated. Readers are solely responsible for their own investment decisions and are encouraged to conduct independent research and consult with a licensed financial advisor before acting on any information provided.