All best twitter threads

Snir David
Snir David
@snird
"The intelligent investor" summaries

"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 🧵

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Snir David
Snir David
@snird
The one measure for REITs - FFO

When researching REITs, net income (earnings) is usually useless.

That's why REITs have their own figure: FFO - Funds from operations.

A short thread summary of the youtube video I made explaining that Thread

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Snir David
Snir David
@snird
4 reasons mutual funds underperform

Peter Lynch achieved 29% annual return rate managing the Magellan fund.

Despite >80% of mutual funds underperforming the market.

He did that by first understanding why the usual mutual fund fails - here are the top 4 reasons 🧵

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Snir David
Snir David
@snird
Growth investing from ycombinator partner

Top growth investing lessons from @anuhariharan

How the early investor in Airbnb, Instacart, Medium, Udacity, and many others approach investing. 🧵

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Snir David
Snir David
@snird
Investing in internet scale companies

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 🧵

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Snir David
Snir David
@snird
The ultimate thread on Inflation

The ultimate thread on Inflation.

Key takeaways from @LynAldenContact fantastic article. 🧵

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Snir David
Snir David
@snird
The problem with growth investing

The problems with growth investing

As described by Ben Graham in "The Intelligent Investor" 🧵👇

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Snir David
Snir David
@snird
"How to make wealth" takeawyas

"How to make wealth"

Key concepts from @paulg essay from 2004

🧵👇

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Snir David
Snir David
@snird
The problem with investing in IPOs

The problem with investing in IPOs. Thread. 🧵👇

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Snir David
Snir David
@snird
Innovation is tied to incentives

Why is Amazon better than Google in innovation? (past few years at least) $AMZN $GOOGL

I argue it's about incentives.

Thread 🧵

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Snir David
Snir David
@snird
Net dollat retention pitfalls

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.

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Snir David
Snir David
@snird
Mean reversion

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 🧵

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Snir David
Snir David
@snird
Emotions and biases in investing

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.

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Snir David
Snir David
@snird
Book value vs actual value

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 🧵

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Snir David
Snir David
@snird
Mohnish Pabrai on great investments

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 🧵

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Snir David
Snir David
@snird
Rick Guerin and the risk of leveraged investing

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 🧵

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Snir David
Snir David
@snird
Algorithmic environment

Control your algorithmic environment.

These days, every feed has an algorithm. Twitter, Youtube, Facebook, you name it.

Instead of fighting it - leverage it!

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Snir David
Snir David
@snird
On stock volatility

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?

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