Selected Tweets

It's time for some tweets. You will find some interesting portfolios.

If you want to share any tweets with me please send me email. 

Thanks for reading.

"If you don’t produce, you won’t thrive—no matter how skilled or talented you are." Cal Newport, Deep Work: Rules for Focused Success in a Distracted World

"Who you are, what you think, feel, and do, what you love—is the sum of what you focus on." Cal Newport, Deep Work: Rules for Focused Success in a Distracted World

"As the author Tim Ferriss once wrote: “Develop the habit of letting small bad things happen. If you don’t, you’ll never find time for the life-changing big things." Cal Newport, Deep Work: Rules for Focused Success in a Distracted World

Minion Capital Portfolio

YTD +23%, 5-yr cumulative +109%
5-yr SPX: 66%, NDX: 92%

Positions (in %)
MSFT - 10
SPGI - 9https://t.co/fpGCMn8ZKy - 9
GOOG - 8
MA - 6
BRK.B - 5
IAC - 5
AMT - 4
V - 4
ESTC - 3
COST - 3
IHI - 2
FSV - 2
AMZN - 2
ACN - 1.5
IHF - 1.5
NTDOY - 1.5
ILMN - 1.5
APH - 1
TYL -1
Cash - 21

— Minion Capital (@MinionCapital) July 12, 2019

Locked-Up Capital Portfolio

Here's my public portfolio heading into Q3:

AMZN 12.6%
GLIBA 10.9%
AMT 10.4%
MA 7.3%
COUP 6.8%
SBAC 6.2%
TDG 5.6%
HEI/A 5.4%
SHOP 4.7%
BABA 4.6%
NOW 4.1%
ROP 3.9%
TCEHY 3.7%
CRWD 3.2%
TTD 2.3%
SMAR 2.1%
JD 1.8%
NFLX 1.7%
AYX 1.6%
ZS 1.2%

— Locked-Up Capital (@lockedupcap) July 1, 2019

Matthew Cochrane Porfolio

End of June top holdings: AMZN (9.3% of portfolio), MA (7.4%), PYPL (7.3%), FB (7.0%), GOOGL (6.2%), SWKS (6.1%), DIS (6.0%), MSFT (5.1%), SQ (3.9%), HD (3.3%), GPN (2.6%), PAYC (2.6%), GLW (2.6%), HAS (2.5%), VZ (2.5%), SHOP (2.5%), EA (2.3%), MDB (2.1%), JPM (2.0%), ADBE (1.9%) https://t.co/3PGxTy512Q

— Matthew Cochrane (@FoolMCochrane) June 29, 2019

Matthew Frankel, CFP® Portfolio

I'll play. My top 10 stock holdings (July 1) are:
1. Howard Hughes Corp - 8% of my portfolio
2. Realty Income -6%
3. Apple - 6%
4. AT&T - 5%
5. Digital Realty - 5%
6. HCP - 5%
7. Markel - 4%
8. General Motors - 4%
9. Square - 4%
10. MetLife - 3%
Thoughts? What would you change?

— Matthew Frankel, CFP® (@TMFMathGuy) July 2, 2019

Puru Saxena Portfolio

Current portfolio -$ALGN $AMZN $BABA $BZUN $CRM $DOCU $EDU $ESTC $FB $GOOGL $HDB $HUYA $LYFT $MELI $NFLX $NOW $PINS $PYPL $SE $SQ $TAL $TCEHY $WCAGY https://t.co/9vd35PCF82

No hedges in place.

— Puru Saxena (@saxena_puru) July 13, 2019

Austin Lieberman Portfolio

1. June 2019 Portfolio Update: Up 9.63% +$60,043.

I share these to hopefully inspire people to begin living below their means (if possible) and begin investing as soon as they can afford to.

Investing does not have to be complicated. WE CAN DO IT.https://t.co/P3OEk4Dvrw pic.twitter.com/DQ65CLmBRK

— Austin Lieberman (@AustinLieb) June 28, 2019

Yield Curve

A chart about the yield curve... pic.twitter.com/F1BkfWNv07

— Maxfield on Banks (@MaxfieldOnBanks) June 29, 2019

Charstravaganza

Here’s Charstravaganza … more than anecdotes

(@smbccomics) pic.twitter.com/u6flKWUrP5

— Plan Maestro (@PlanMaestro) June 30, 2019

Some Quotes from RAILROADER: The Unfiltered Genius and Controversy of Four-Time CEO Hunter Harrison by Howard Green

1) Just Finished Railroader:

If Hunter Harrison were alive today we would surely see him wander the world fixing every railroad one at a time and in turn improving an important piece of each countries critical infrastructure.


An American born Canadian Hero. pic.twitter.com/RY3PTFSlqF

— Jerry Capital (@JerryCap) June 29, 2019

Motley Fool ROIC series

Great series on ROIC by @themotleyfool

1. Introhttps://t.co/MiIwv4es4Q

2. Better than ROE https://t.co/Wei5JsWZVi

3. Performance https://t.co/y8cGhDQECl

4. Decline https://t.co/zTz7ABCbl0

5. Equity isn't free https://t.co/wd20I0wq00

6. Cash's Role https://t.co/b76liGhGOr

— Ryan Reeves (@investing_city) June 28, 2019

Selected Tweets

It's time for some tweets.

If you want to share any tweets with me please send me email. 

Thanks for reading.

"Vulnerability doesn’t come after trust—it precedes it. Leaping into the unknown, when done alongside others, causes the solid ground of trust to materialize beneath our feet." Daniel Coyle, The Culture Code: The Secrets of Highly Successful Groups

"When we hear a fact, a few isolated areas of our brain light up, translating words and meanings. When we hear a story, however, our brain lights up like Las Vegas, tracing the chains of cause, effect, and meaning. Stories are not just stories; they are the best invention ever created for delivering mental models that drive behavior." Daniel Coyle, The Culture Code: The Secrets of Highly Successful Groups

Music distribution $SPOT

The state of music distribution models via @scuttleblurb https://t.co/I81OUJ0cKN pic.twitter.com/CYKMfhBKMc

— Bluegrass Capital (@BluegrassCap) June 27, 2019

$UTX Thread

$UTX Hayes on the Otis opportunity: "we think Otis will have a very, very strong valuation...with those two million units that we service we move the earth's
population every three days." Emphasizing global scale, negative w/c, "a lot of runway" on the service side pic.twitter.com/oLQvYQY6Zw

— WTCM (@WTCM3) May 23, 2019

$ABBV acquisition of $AGN Thread

1/6 I’m going to disagree with myself from yesterday and publicly change my mind.

After digging in deeper, I now see why AbbVie $ABBV is eager to acquire Allergan $AGN. And I think this deal makes sense for shareholders. https://t.co/SFdj1dsVdl

— Simon Erickson (@TMFInnovator) June 26, 2019

The State Of The Nation’s Housing

The State Of The Nation’s Housing (Harvard Joint Center For Housing Studies) ht @abnormalreturns https://t.co/GXCRE1PpbN

— Bluegrass Capital (@BluegrassCap) June 27, 2019

Deflation in charts

thread: pockets of deflation in the U.S. (please add examples/anecdotes with charts/supporting evidence if possible)

— WTCM (@WTCM3) June 26, 2019

$ECOL\$NRCG Thread

Guys. Sourcing a discussion here. I think I understand this but someone please poke a hole in my thinking. This is re: $ECOL / $NRCG merger. Let’s ignore the fundamentals of the business for this discussion and focus on option pricing. So here are the details:

— ArtkoCapital (@ArtkoCapital) June 26, 2019

VALUEx Vail presentations. This year include presentations on $SPOT, $GRUB, $TH, $KAR, $SYF, $BSTC, $HIL

VALUEx Vail presentations https://t.co/dYGMI1AwlK

— Bluegrass Capital (@BluegrassCap) June 27, 2019

$SCHW Thread

$SCHW CFO at annual meeting: "Our stock price is not the only barometer or, certainly in the ST, even the most accurate barometer for our success in executing on our strategy. And rarely has that been more true, I think, than in 2018 and, particularly, the latter part of 2018." pic.twitter.com/jEDsI8Mzek

— WTCM (@WTCM3) June 25, 2019

Business Models

Quick thread of posts on business models.

Just finished the 5th installment in a little series called "Business Model Exploration"

1. Intro
2. Pharma
3. Marketplaces
4. Software
5. Restaurants

— Ryan Reeves (@investing_city) April 25, 2019

Selected Tweets

It's time for some tweets.

If you want to share any tweets with me please send me email. 

Thanks for reading.

"A blindfolded monkey throwing darts at a newspaper's financial pages could select a portfolio that would do just as well as one carefully selected by experts." Burton Malkiel 

"Historically, the stock market is like a gambling casino with the odds in your favor. Over the long pull, stocks are given something like nine and a half to ten percent compounded per year. The banks have probably given you something in the order of four to five." Burton Malkiel

$FRC Thread

(1/n) So a follow-up to this thread on $FRC. After going through the numbers more, it became clear to me that since $FRC makes the lion's share of its total income from NII, it's super exposed to changes in NIM. https://t.co/4IKHEuXgue

— Kyler Hasson (@kylerhasson) June 24, 2019

$SSNC Thread

$SSNC key growth drivers https://t.co/ko1hK66hcY pic.twitter.com/u5JTctRwJy

— WTCM (@WTCM3) April 27, 2019

Food Delivery companies DoorDash, $UBER, $GRUB, Postmates

DoorDash has been gaining ground on Grubhub for months and finally took the lead in US online food delivery in May, per @second_measure https://t.co/vbyJx38pA6 pic.twitter.com/9tdN8WSpd0

— Alison Griswold (@alisongriswold) June 24, 2019

IPO's

1/ 80% of new IPOs have no profits. Last time that happened was 2000 before the bust.

We know why. But how may it end?

Why: A handful of old people artificially decide and set the price of money—and lowered it.

Consider:
Retirees with 1M earning $50k (5%) instead got $10k...

— Josh Wolfe (@wolfejosh) June 25, 2019

Qoutes from the books Surely You're Joking, Mr. Feynman! by Richard P. Feynman

1) Just Finished "Surely You're Joking, Mr. Feynman!" I can see how many call it one of their favourites books.

Some Quotes and Highlights:
https://t.co/EIrUlYjqUP pic.twitter.com/lOx0Joct4B

— Jerry Capital (@JerryCap) June 24, 2019

Nanosonics $NNCSF Thread

Nanosonics ($NAN AU) installed base evolution (A$2B company that manufactures an ultrasound probe disinfection device called 'trophon2') https://t.co/Hiqq1DAA1O pic.twitter.com/n3ytxHPhOq

— WTCM (@WTCM3) June 25, 2019

For last Adam Robinson. One of the best thinkers out there. Follow him @IAmAdamRobinson

Hey, here's a FUN EXPERIMENT!

PRETEND everyone you meet today

absolutely EVERY experience you have

is a UNIVERSE-SENT GIFT for YOU!

Sometimes the gifts are obvious.

TRICK is to FIND THE GIFT in EVERY encounter

especially the difficult ones.

You never know...#FINDTHEGIFT

— Adam Robinson (@IAmAdamRobinson) June 23, 2019

Selected Tweets

It's time for some tweets.

If you want to share any tweets with me please send me email. 

Thanks for reading.

"What the wise man does in the beginning, the fool does in the end." Howard Marks

"A hugely profitable investment that doesn’t begin with discomfort is usually an oxymoron." Howard Marks 

Libra $FB Thread

Thread: How will Libra (L) reach mass adoption?

Many this week pointed out that L will scale on FB's 2.3b users.

But: Large user base != automatic adoption. Instead, (payment) networks have to incentivize users to join. Unclear yet how L will incentive users to join.

1/9 pic.twitter.com/ZK7CXn7hys

— Maximilian Friedrich (@mfriedrichARK) June 22, 2019

$EXPI Thread

What happens after market gets used to EXPI's "breakeven-breakneck" growth? Like they did with Amazon? $expi https://t.co/QibOu7PGhF

— rubicon59 (@rubicon59) May 10, 2019

$MJCO business transformation

someone shoot some holes in this. $mjco is pulling an $adbe, shifting more of its biz to cloud. they are a clear laggard to $gwre and get 2/3 of revenue from low-margin services (thread).

— scuttleblurb (@scuttleblurb) June 21, 2019

$FTCH Thread

Farfetch CEO walks through their supply side dynamics and value proposition pic.twitter.com/heLbXEEoIw

— Paul Barnes (@LennyIce) May 25, 2019

Cashless societies articles

1/ Obviously what everyone has been waiting for, my #waroncash trilogy is finally complete. 3 pieces, just under combined 10K words, exploring cultural/technological shifts to #cashless societies, history of movement, and how investors can best profit from this trend. (cont)

— Matthew Cochrane (@FoolMCochrane) June 21, 2019

Josh Wolfe on some Tech history

1/ In the PRESENT + FUTURE we take for granted the PAST

-in science: we stand on the shoulders of giants
-in citizenship: born into a country of hard-fought wars + laws
-in family: sacrifices of our ancestors
-in sports: records set + inspiration of past greats

— Josh Wolfe (@wolfejosh) June 1, 2019

Chartavaganza

Here’s Charstravaganza … by some @planmaestro guy

(@pdlcomics) pic.twitter.com/TszElnwb8v

— Plan Maestro (@PlanMaestro) June 16, 2019

Restaurant business thread

So, I grew up in and around restaurants and the food & bev supply chain. Have done everything from dice onions for min wage to spec out franchise locations to negotiate logistics nonsense with SYSCO. And I think, bluntly, equity investors don’t understand the business AT ALL.

— FLEEK AND FIRE MUGATU (@SuperMugatu) June 23, 2019

Population growth + fertility rate estimates

UN global population growth + fertility rate estimates https://t.co/jOmaM1ew86 pic.twitter.com/hLOG4AXrVh

— WTCM (@WTCM3) June 23, 2019

Selected Tweets

It's time for some tweets.

If you want to share any tweets with me please send me email. 

Thanks for reading.

"There are two kinds of forecasters: those who don’t know, and those who don’t know they don’t know." John Kenneth Galbraith 

"Economics is extremely useful as a form of employment for economists." John Kenneth Galbraith 

"The conventional view serves to protect us from the painful job of thinking." John Kenneth Galbraith 

$WEDXF Thread

1/ I attended the Westaim AGM this morning and continue to be extremely impressed with the management team and execution. Some brief notes and screenshots to follow. $WED.TO $WED.V $WEDXF

— Steve Vafier (@svafier) May 30, 2019

Data-As-A-Service DAAS Thread

1/ Data businesses are generally misunderstood. DaaS has different metrics than SaaS.

While there has been a lot written about SaaS businesses (how they operate, what metrics to watch, etc.), there has been surprisingly little written about data businesses.

— Auren Hoffman (@auren) June 18, 2019

$PSHZF discount to NAV

Ackman on $PSH discount to NAV (cc: $QSR, $CMG, $ADP, $LOW, $SBUX, $HLT, $UTX, $HHC, $FMCC) https://t.co/AHEEwU22k5 pic.twitter.com/6fMkMIehKF

— WTCM (@WTCM3) February 13, 2019

FFXXF Thread

Spent some hours today researching Fairfax Africa $FAH-U.TO / $FFXXF / $FFH.TO and especially Atlas Mara $ATMA.L.
TL;DR: Fairfax Africa bought ~43,3% of Atlas Mara calling it deep value & one can buy it even cheaper. PE of ~6. 1/3 of book. Notable changes. https://t.co/0cOaq06iRu

— sebidscap (@sebidscap) February 18, 2019

$NEE, $NEP Thread

NextEra Energy $NEE+ NextEra Energy Partners $NEP 2019 investor day slides https://t.co/RErDJcCWlk pic.twitter.com/FQViuAVIBh

— WTCM (@WTCM3) June 20, 2019

All time High Charts

$SPGI new ATH pic.twitter.com/SIWGUR6WHy

— Jerry Capital (@JerryCap) June 19, 2019

$DG Thread

$DG yesterday at JEF consumer conf: "And what's been interesting is that the trade down has been quite sticky, I think, as we continue to provide not only great service, but a more relevant box and a fuller shop for folks" pic.twitter.com/RLdfFhf7uT

— WTCM (@WTCM3) June 20, 2019

Beaten tech stocks poll

Forced to choose, which beaten down tech stock would you invest in first (minimum holding period of 3 years)?

— Matthew Cochrane (@FoolMCochrane) June 19, 2019

Chartavaganza

Here’s Chartstravaganza!

Chartivism for the win

(@wronghands1) pic.twitter.com/OEfQKoWApv

— Plan Maestro (@PlanMaestro) June 2, 2019

$EVBG Investor day

Everbridge $EVBG 2019 investor day deck re: competitive strengths https://t.co/PSdpbV4uC0 pic.twitter.com/LYgaMUibON

— WTCM (@WTCM3) June 20, 2019

$PACK Thread

Anyone looked at $PACK? A spac so am skeptical but business model looks interesting. They do void fill and protective cushioning for anything that gets shipped in a box. Big e-comm angle here, but also looks like a tailwind with the move away from plastics (100% paper based) pic.twitter.com/11aIZ37vZb

— Cashman (@thecashman22) June 20, 2019

Recommended Links

Thanks for reading

Please check out 2nd quarter fund manager letters page and stay tuned for more updates.

"Look for 3 things in a person. Intelligence, Energy, & Integrity. If they don't have the last one, don't even bother with the first two." Warren Buffett

"What you have to learn is to fold early when the odds are against you or if you have a big edge, back it heavily because you don’t get a big edge often. Opportunity comes, but it doesn’t come often, so seize it when it does come." Charlie Munger 

Spotify’s Moats, Management, and Unit Economics by Travis Wiedower

Sequoia Fund Investor Day Transcript

Third Point Letter to Sony $SNE

Tandy Leather Factory, Inc. (TLF) Write up by Sorfis Investments, LLC (Value Investing World)

Picks from the Pros by Ryan Derousseau (Money Magazine)

Share buybacks. Overt vs. Covert (a very big difference) by Max Reports

Matthew Griffith Spotify Technology $SPOT presentation at VALUEx Vail on June 14th, 2019

Brand Finance Spirits 50

Extreme Makeover: Rich Barton Has A $700 Million Stake In Zillow And Plans To Turn It Into A Home-Flipping Machine - by Samantha Sharf (Forbes Magazine) $ZG

Top 100 Global Brands by BRANDZ

Sequoia Fund Investor Day Transcript

Chewy.com And The Rise Of “Pet Humanization” by Trevor Muchedzi, CFA

Selected Tweets

It's time for some tweets.

If you want to share any tweets with me please send me email. 

Please don't forget to check out 2nd quarter fund manager letters page. Stay tuned for more updates.

Thanks for reading.

"The debt is like a crazy aunt we keep down in the basement. All the neighbors know she's there, but nobody wants to talk about her." Ross Perot

"In business, people are held accountable. In Washington, nobody is held accountable. In business, people are judged on results. In Washington, people are measured by their ability to get reelected." Ross Perot

"When building a team, I always search first for people who love to win. If I can't find any of those, I look for people who hate to lose." Ross Perot

$ADBE Thread

$ADBE feeling extremely good about F3Q19 net new Media ARR pic.twitter.com/J9L7CCzFXq

— WTCM (@WTCM3) June 19, 2019

$FB, $GOOG\$GOOGL Dominance

Dominance + room for growth:$fb $goog pic.twitter.com/35vi1VqYyq

— Bill Brewster (@BillBrewsterSCG) June 17, 2019

$ZG Thread

"In some markets, including a few where Opendoor has been operating for significantly longer than Zillow Offers, Zillow Offers now boasts around the same level of inventory as Opendoor."https://t.co/sXYjJq2giq pic.twitter.com/LIlpLadQIg

— KiD💰 (@kidkapital) June 13, 2019

Chartavaganza by @Planmaestro

Here’s Chartstravaganza!

No surveillance, just charts

(@gocomics) pic.twitter.com/RAXuXj7BMI

— Plan Maestro (@PlanMaestro) June 10, 2019

Cloud gaming $GOOG\$GOOGL, $MSFT, $SNE, $NTDOY

1) Thoughts post E3. Streaming is real, xCloud is the likely winner. Publishers are using Stadia, other potential new distributors and the threat of app store regulation to drive down platform take rates. “30% is over" - Prominent CEO. Console wars/cycles now semi-irrelevant.

— Gavin Baker (@GavinSBaker) June 15, 2019

$SNE Thread

Sony - $SNE:
$13bn gaming revenue from Digital Software & Network services alone, up ~38% yoy. ~50% ROIC.

36.4mn PlayStationPlus Subs.

$2.1bn music streaming revenue.

Bought back stock last year for the 1st time ever. pic.twitter.com/88H36Ijg0L

— sebidscap (@sebidscap) June 8, 2019

John Fredriksen Thread

OK guys, since there are some extremely bad hot takes on the tanker attack yesterday, I think it's important I drag everyone into one of my favorite IRL Bond villain obsessions: John Fredriksen, the viking king of oil shipping. https://t.co/YmPgcCVNSF

— FLEEK AND FIRE MUGATU (@SuperMugatu) June 14, 2019

Financial History

Financial History: Sunday Reads

• Paradox of Success: 1800shttps://t.co/CrgTsIfTDZ

• Casino Financehttps://t.co/u1s6wwQOtJ

• Medieval Market Makershttps://t.co/icQOv7UTOD

• Dividends & Predictionshttps://t.co/0i2Pulg9Rj

• Early Modern Bankinghttps://t.co/ZiltR0XT6x pic.twitter.com/J83UJT9H6w

— Jamie Catherwood (@jfc_3_) June 16, 2019

Advice

When I was in high school I thought I knew everything was happy to share my knowledge.

My dad pulled me aside one day and said that “advice unasked for is advice un-used.”

Took me years to internalize, but so true.

— Nate Tobik (@oddballstocks) June 18, 2019

Selected Tweets

It's time for some tweets.

If you want to share any tweets with me please send me email. 

Thanks for reading.

"The alluring, long-shot chance of a huge gain is the grease that lubricates the machine of innovation." Jason Zweig

"We need a moderately-priced stock market… The market, like the Lord, helps those who help themselves. But, unlike the Lord, the market does not forgive those who know not what they do. For the investor, a too-high purchase price for the stock of an excellent company can undo the effects of a subsequent decade of favorable business developments." Warren Buffet

$CRWD Thread

Up 70% today.

Going through the S-1 more thoroughly and will be adding comments to this... https://t.co/UxeDmnRt0T

— Ryan Reeves (@investing_city) June 12, 2019

$V Thread

Visa: pic.twitter.com/N1bilsELMd

— Liberty (@LibertyRPF) June 11, 2019

Arlington Value investor letters link

Big s/o to @FocusedCompound for providing the Arlington Value investor letters. Here are my top five lessons that I garnered from scouring through each page. https://t.co/xzqtytrVwD

— The Market Plunger (@marketplunger1) June 12, 2019

Pat Dorsey's competitive advantages & capital allocation presentation

In 2016, Pat Dorsey gave a presentation about competitive advantages & capital allocation.

If you'd like to improve your stock market returns, I highly recommend reading his slides.

"Quantitative data is priced more efficiently than qualitative insight"https://t.co/zp8KODuzu2 pic.twitter.com/F1M7AMroo8

— Simon Erickson (@TMFInnovator) June 11, 2019

$GOOG\$GOOGL and $FB break-up thread

Raymond James called Monday’s pullback a buying opportunity. “We believe valuations are attractive” following the sell-off, particularly for Google and Facebook, analyst Aaron Kessler wrote in a note.

— Jerry Capital (@JerryCap) June 11, 2019

$HRGLY discussion

"Hargreaves Lansdown: Bargain After 16% Price Drop". Top UK DIY wealth platform, 39% share. Revenues grew at 15% CAGR in FY15-18. Assets grew 10-20% p.a. from new clients, existing clients' transfers & market. Same 45bps platform fee for all funds. https://t.co/FdbOnx7qUc pic.twitter.com/Vc8cQ7CSzK

— Blue Sky (@BlueskyComments) June 13, 2019

Thoughts on $A, $TMO, $DHR

Some thoughts on $A, $TMO, $DHR:

— Riggs_Bud (@Riggs_Bud) June 11, 2019

Issy Sharp Four Seasons: The Story Of A Business Philosophy

Issy Sharp’s (Four Seasons founder) biography is a master class on building an enduring business centered around elevating and celebrating its employees.

— Bluegrass Capital (@BluegrassCap) June 12, 2019

Selected Tweets

It's time for some tweets.

If you want to share any tweets with me please send me email. 

Thanks for reading.

"An investment in knowledge pays the best interest." Benjamin Franklin

"Life is simple but if you don't put anything into it, you won't get anything out of it." Auliq Ice

Great $EVI Thread, also mentions $WSO, $POOL

$EVI Thread: (+ $WSO $POOL & more)

— Prolific Web Surfer 🏄‍♂️ (@web_prolific) June 11, 2019

$IFF Thread

$IFF International Flavors & Fragrances 2019 investor day deck https://t.co/sDjKPCfynV pic.twitter.com/IVzBe4uZkV

— WTCM (@WTCM3) June 10, 2019

Overvalued or not? Great discussions $BYND, $SHOP

Shopify $SHOP @ a $35 billion market cap and Beyond Meat $BYND @ $10 billion both look pretty significantly overvalued right now.

Someone tell me what I'm missing? pic.twitter.com/TURU683qA6

— Simon Erickson (@TMFInnovator) June 10, 2019

Plant based meat total addressable market per different companies - $BYND Thread

1/ The fake meat market has vastly different estimates for TAM

Beyond: $35 billion (13% of $270 billion US meat market)

Zion: $21 billion by 2025 (https://t.co/EzOvVehSDj)

Allied: $7.5 billion by 2025 (https://t.co/XmFtudyyEi)

— Ryan Reeves (@investing_city) June 10, 2019

Why buying house is much better than renting. I agree.

I have 6 minutes until my next meeting, which means no time to do any real work because, ya know, context switching. Instead, a short thread on why buying is so much better than renting, even when it seems more expensive in the short term 1/?

— Alex Cohen (@anothercohen) June 10, 2019

Additional metrics for evaluating companies

Metrics for evaluating companies these days:
- LTV/CAC: 3x or higher for a solid company
- Dollar retention rates: Businesses with a widening moat have DRR > 100%
- Customer retention rates: Anything above 90% is good
- ROIC: It should be > WACC otherwise you destroying value

— Global Citizen 🇿🇼+ 🇿🇦 + 🇦🇺 (@trevmuchedzi) June 11, 2019

$MDLZ events

fascinating chain of events at $MDLZ pic.twitter.com/wJXbnjQVFm

— WTCM (@WTCM3) June 11, 2019

Range: Why Generalists Triumph in a Specialized World - by David Epstein

chapter 9 from David Epstein's excellent new book, 'Range: Why Generalists Triumph in a Specialized World', reviews the incredible evolution of $NTDOY and $MMM's culture of innovation https://t.co/lK2RTgopM8 pic.twitter.com/wmd21Is4UZ

— WTCM (@WTCM3) June 10, 2019

2004 $COST slide presentation

Coriolis Research: 229 slide presentation on $COST from June 2004https://t.co/CvRG5PESWq

— Investor (@pricing_power_) June 9, 2019