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"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
— 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.— Josh Wolfe (@wolfejosh) June 25, 2019
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...
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.— Jerry Capital (@JerryCap) June 24, 2019
Some Quotes and Highlights:
https://t.co/EIrUlYjqUP pic.twitter.com/lOx0Joct4B
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!— Adam Robinson (@IAmAdamRobinson) June 23, 2019
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
This is aweesome
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