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Welcome to Long-Term Mindset, the Wednesday newsletter that helps you invest better.

Today's Issue Read Time: <2 minutes

Lesson: Lessons learned from a flood
Timeless Content: How to find the next mega tech stock.
Stock Dive *NEW*: Check out our new section!
Resource: Nvidia CEO's #1 Tip for Using A.I.
And more!

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Friends,

Whitefish Bay, WI, located just north of Milwaukee, is one of the most densely populated communities in the entire state. Property values are sky-high -- at least by Midwestern standards. And right in the middle of the community is an enormous two-acre retention pond.

Some have mused over the years that not putting a development on the property is a massive waste of potential tax dollars. With school budgets constantly in the cross-hairs, those dollars could make a huge difference.

But such concerns have never made it beyond gossip, and village leaders have been adamant about the necessity of the pond.

This past weekend, the pond proved that -- even if it's only useful once per decade -- it's one of the best investments it has ever made.

That's because the region was inundated with nearly 10 inches of rain in less than 24 hours last weekend. Because of the pond, almost 4 million gallons of water that would have otherwise ended up in basements -- and necessitated village spending on more waste removal -- instead sat peacefully in the middle of a park.

The corollary with finances is clear. This retention pond is akin to your emergency savings. And to be fair, the naysayers have a point:

Could all of that cash -- at least enough to live on for three months without income -- do better invested in the stock market?
Doesn't it feel like a waste to have inflation eat away at that cash every year?
How boring is it to just let a pile of money sit there?

And yet, much like the retention pond, even if you only use your emergency savings once per decade, it more than proves its worth.

Not only does it help you cover expenses when disaster hits, it prevents you from selling your investments at the worst possible time -- with a complete loss of future returns.

That's why we're long-term focused here. Over the short term, optimizing our finances feels like we're accomplishing something. Over the long run, we know that keeping a little slack in the system will stop us from losing everything when the next catastrophe hits.

Wishing you investing success,

Brian Feroldi, Brian Stoffel, & Brian Withers

Long-Term Mindset

P.S. We're experimenting with a new format for this newsletter. In this issue, we've replaced a link to a Twitter thread with a link to a research report on a stock (MercadoLibre - see below).

We'd love to know what you think of this change:

Like this change? Reply to this email with a "1".
Hate this change? Reply to this email with a "2".

One simple graphic

One piece of timeless content

How did DataDog become a $45B market cap company serving over 30,000 customers? It all started with a one-point solution product. Jamin Ball dives into this concept in the search for the next mega platform in a recent Clouded Judgement blog post titled: The Return of the Point Solution.

NEW One Stock Dive

Fiscal.ai has introduced a new feature for premium users, enabling them to generate AI-powered stock research reports. We've looked at them and we think they are fantastic.

We've recieved permission to share one deep dive report with our audience each week for free. This week, we're highlighting MercadoLibre (NASDAQ:MELI). Click the button for the free access to the report:

Yes! I Want The MELI Research Report!

P.S. -- If you like this new feature, reply to this email with a "1".

Have a stock you'd like us to highlight in a future newsletter? Reply with the ticker!

One resource

Nvidia's CEO, Jensen Huang, is critical to the acceleration of the usage of AI. In a recent Inc. article, Huang shares his favorite A.I. tip. Check out Use Nvidia CEO Jensen Huang’s 1 Simple Trick to Get the Best Answers From AI.