All best twitter threads
"The intelligent investor"
Probably the best investing book that has ever been written.
I re-read and summarize key takeaways from each chapter.
A thread of my takeaways threads 🧵
Top growth investing lessons from @anuhariharan
How the early investor in Airbnb, Instacart, Medium, Udacity, and many others approach investing. 🧵
Investing in internet scale companies.
Ram Parameswaran @ram is an early investor in Uber and ByteDance - his insights are gold.
Here are 4 key lessons from his podcast with @patrick_oshag 🧵
The ultimate thread on Inflation.
Key takeaways from @LynAldenContact fantastic article. 🧵
The problems with growth investing
As described by Ben Graham in "The Intelligent Investor" 🧵👇
"How to make wealth"
Key concepts from @paulg essay from 2004
The problem with investing in IPOs. Thread. 🧵👇
Why is Amazon better than Google in innovation? (past few years at least) $AMZN $GOOGL
I argue it's about incentives.
Net dollar retention is a dangerous indicator.
Snowflake $SNOW showed in their S-1 filing an amazing 158% retention. The highest ever for an IPO.
BUT - we have to understand what it means and the potential pitfalls.
Mean reversion is a concept very important to the value investor.
Understanding regression to the mean can fuel your best investments.
Attached a first example of the concept of Chipotle.
Let's explore what it is in this thread 🧵
Emotions and biases are the main drivers for the wrong actions in the stock market.
A rolling thread to name them and the action they are driving. Thread 🧵
The more you know, the more you can avoid.
Company assets might not be worth what it says in the financial statement.
This has deep implications for assessing their debt situation and its stability.
I regret to say: thread 🧵
Mohnish Pabrai did a lecture last year at @PKU1898.
The focus: Great businesses are not necessarily great investments.
Let's focus on one of his examples, MasterCard vs Sunteck in this thread 🧵
Rick Guerin was one of Warren Buffet's super investors.
He recently passed away, and not very much is known about him.
Yet, he lived a remarkable life and we can learn a lot from him.
A small thread 🧵
Control your algorithmic environment.
These days, every feed has an algorithm. Twitter, Youtube, Facebook, you name it.
Instead of fighting it - leverage it!
Stocks are very volatile even for the best investments.
Monster was the best performing stock in 1995-2015 with 105,000% return
Yet, it was very volatile. With multiple huge drops (more than 50%).
So how do you invest in things like that?