Selected Tweets

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If you want to share any tweets with me please send me email or dm on twitter.

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"If you tell the truth, you don’t have to remember your lies." Charlie Munger

"Remember that reputation and integrity are your most valuable assets and can be lost in a heartbeat." Charlie Munger

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$EAF Thread

Spent some time the last 2 days researching Pabrai’s latest pick $EAF. I totally understand why he likes it. 2-3 years of fixed contracts sets up predictable cash flow. This almost guarantees they will have the cash to reduce their substantial debt

— Brian McCann (@Bootstrap68) September 21, 2019

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Thread and discussion on Recession.

Length and severity of recession is inversely correlated to the real (inflation adjusted) 10-Year UST yield at the time of the yield curve inversion.

Lower the real yield; worse the recession.

If history repeats, the coming downturn will be the worst!#recession pic.twitter.com/KgvwIKgN1q

— Puru Saxena (@saxena_puru) October 3, 2019

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On the $APO and $ATH relationship. Good article.

good FT October 2018 Big Read on the Apollo $APO / Athene $ATH relationship: "Even its critics concede that from the standpoint of its creators, Athene has been perhaps the greatest investment strategy of the past decade" https://t.co/aDvmy0umpc pic.twitter.com/XWzpCBTQU8

— WTCM (@WTCM3) June 21, 2019

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Some good charts on Housing, Rocks, Flooring, Autos and more. Check it out.

Almost a year ago, the market was clearly saying the Fed had made a policy error and we were heading into recession (nevertheless they persisted thru Dec!). I posted charts of relevant sectors in total freefall. One year later, housing/rocks = all clear. Autos/flooring = so so. https://t.co/PKkFgQmESM

— modest proposal (@modestproposal1) October 2, 2019

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$WWE Thread

$WWE: In 1995, Ted Turner asked World Championship Wrestling VP Eric Bischoff how WCW could compete with WWF. Bischoff, not expecting Turner to comply, said that the only way would be a prime-time slot directly against WWF; Turner agreed and the Monday Night Wars began.

— Hardcore Value (@HardcoreValue) October 2, 2019

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Puru Saxena Portfolio - New Positions $LK and $LVGO

Portfolio summary - Nov-end$ACB $AMZN $BABA $BZUN $CGC $DOCU $ESTC $FB $GOOGL $HDB $LK $LVGO $MELI $PINS $PYPL $ROKU $SE $SPCE $SQ $STNE $TAL $TCEHY $WORK $ZS

No hedges in place.

YTD performance -

Portfolio +12% , $ACWI +25% , $SPX +22%

contd... pic.twitter.com/2qeUYAS5SK

— Puru Saxena (@saxena_puru) November 30, 2019

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$IEX Thread

latest IDEX $IEX investor presentation; fascinating business + history https://t.co/S4YNdX8S0I pic.twitter.com/z26IPNw8JV

— WTCM (@WTCM3) July 10, 2019

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$TTD Thread

Here's why I think Trade Desk can 5x it's revenue - an estimate of TAM and $TTD revenue by breaking out TV vs non TV ad spendshttps://t.co/2mn6w4c9i0

— mspacey (@mspacey4415) October 1, 2019

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$MKC Thread

$MKC continues to prioritize debt paydown with cash flow; leverage to 3.7x at end of F3Q19 https://t.co/bFqbB94eo5 pic.twitter.com/M9amn8ZXuv

— WTCM (@WTCM3) October 1, 2019

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$SINA Thread

Thread on $SINA 1/$SINA is involved in two areas to put it simply:

1) news, sports, entertainment, fashion, travel and realestate browsing and news sites under the Sina brand e.g. Sina business

2) They own over 45% of $WB, the $TWTR/ $FB of #China ...

— BottomUp Capital ➚➚ (@BottomUpCapital) July 11, 2019

Selected Tweets

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Thanks for reading.

"The way to get started is to quit talking and begin doing." Walt Disney

"If you really want to do something, you'll find a way. If you don't, you'll find an excuse." Jim Rohn

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$MSFT Teams vs $WORK Slack Thread

1/ Challenge accepted. I have followed $MSFT for over a decade. It's as well run now as anytime I have seen it.

Slack is a wonderful idea for a simple product that is ideal for certain types of work and has taken off in the tech world where new tools are often quickly adopted. https://t.co/nvFJF1mzTy

— HS (@Negative_GW) September 28, 2019

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Chartstravaganza

Here’s Chartstravaganza … bringing excellent charts to your phone pic.twitter.com/5gnwQ26HJN

— Plan Maestro (@PlanMaestro) September 29, 2019

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$JPM Thread

I've said it before, I'll say it again: Don't discount all of the big banks in the fintech arena. JPMorgan has a large way chest in particular it is using to invest in tech. Long $JPM https://t.co/Gvd2ru7ODs

— Matthew Cochrane (@FoolMCochrane) September 26, 2019

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$GNC Thread

Flipping through $GNC's 10-K today and kind of shocked by their SSS trends. Way better than I thought going in; I would have guessed they were comping down 10% YoY every quarter. pic.twitter.com/rsEUrlFw3T

— Andrew Walker (@AndrewRangeley) September 26, 2019

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$FDS Thread

FDS reinvesting some recent margin expansion back into product, mgmt says will result in higher organic growth in 2-3 yrs, near term compresses margins, results in flat earnings growth next year... pic.twitter.com/Cv5tYMhVYx

— Bluegrass Capital (@BluegrassCap) September 26, 2019

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$BAM Brookfield Asset Management Thread

$BAM key takeaways
1) Interest rates are in a new phase (-2 to +2%)
2) Alternative investments are going to 60% for institutions
3) The next series of funds is going to be hundreds of billions of dollars
4) We purchased Oaktree to provide scale and prepare for a downturn

— Hardcore Value (@HardcoreValue) September 26, 2019

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On Pershing Square $PSHZF

I posted the first in a series of more-frequent blog posts about names I'm looking at.

These won't be investment theses. They may be quite short.

The first one is kinda long and is on Pershing Square Holdings $PSH.https://t.co/hQ3T1U9zvI

— Evan Tindell (@evantindell) September 25, 2019

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How much information is enough to make an investment decision?

1/ This is how I think of it: I'm a big fan of the Pareto principle, essentially that 80% of what we need to know as investors comes from the first 20% of the work/research we do. If I like what I see after that first 20%, I have no problem taking a small, starter position (cont)

— Matthew Cochrane (@FoolMCochrane) September 26, 2019

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$SNEThread

Sony Music head transcript from Communacopia last week https://t.co/C36Bu2iHJZ

— Bluegrass Capital (@BluegrassCap) September 27, 2019

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Some interesting small cap names below

best small cap long idea atm?

— Prolific Web Surfer 🏄‍♂️ (@web_prolific) September 28, 2019

Selected Tweets

It's time for some tweets.

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Thanks for reading.

"Any fool can criticize, condemn, and complain -- and most fools do." Dale Carnegie

"One of the most tragic things I know about human nature is that all of us tend to put off living. We are all dreaming of some magical rose garden over the horizon instead of enjoying the roses that are blooming outside our windows today." Dale Carnegie

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e-commerce Google interest $SHOP, $WIX, $ADBE

Shopify is the only major ecommerce platform that has consistently grown its Google interest worldwide over the past five years. $SHOP $WIX $ADBE pic.twitter.com/tQgj1QQHBX

— Travis Wiedower (@TravisWiedower) September 17, 2019

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$SFIX Thread

I guess most are kind of familiar with the company. for those who aren't, here is an excellent thread on the company from @svafierhttps://t.co/1Gi8CKAyqr

— Emilgold (@emilio_gold) September 25, 2019

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$PTON Thread

One more $PTON: interesting a company that's been around for ~7 years is projecting CLTV of ~7.5 years

Totally possible that's right! But seems kind of aggressive as most of their subs are new; will be interesting how churn looks in ~3 years as bike depreciates / sub base ages pic.twitter.com/Pb91sbKHzv

— Andrew Walker (@AndrewRangeley) September 25, 2019

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$NTDOY Thread

I've got mad respect for sell side analysts that are also active on Twitter. @agoyal000 is a great analyst at Jefferies and covers Nintendo. I'll highlight some of his research. $NTDOY

— Hardcore Value (@HardcoreValue) September 25, 2019

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$SDC Thread

Thread on SmileDirectClub $SDC. This guy is biased, although this does not necessarily mean he is wrong https://t.co/yAPlholj4W

— CT Capital (@CrowdedTradeCap) September 20, 2019

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Visualization of exchange consolidation $CME, $NDAQ, $ICE, $LNSTY, $EUXTF

great visualization of exchange consolidation over time (cc: $CME, $NDAQ, $ICE, $LSE LN, $ENX FP, $388 HK, $DB1 GY) https://t.co/7OjdotOt0p pic.twitter.com/h9e0zuu3VN

— WTCM (@WTCM3) September 22, 2019

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Skills > Knowledge … thread

Skills > Knowledge … threadhttps://t.co/B4cgropBR0

— Plan Maestro (@PlanMaestro) September 22, 2019

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How a credit card works

Confession: I'm a nerd. Spent the whole morning learning about how a credit card works. Surprisingly, it's incredibly complicated. Here's what I've learned.

— Ryan Reeves (@investing_city) November 3, 2018

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$NFLX and $SPOT Thread

If I ran $NFLX, I'd partner up with $SPOT.
Make a discounted bundle for both.
Would help them deter off Amazon & Apple. Doesn't attack respective turfs.

Soft-Merging subscriber bases will increase stickiness of both and reaccelerate sub growth. Long-term win.

cc: @reedhastings

— sebidscap (@sebidscap) September 21, 2019

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Chartstravaganza

Here’s Chartstravaganza … it won’t be good pic.twitter.com/C7ddwhqZpz

— Plan Maestro (@PlanMaestro) September 22, 2019

Selected Tweets

It's time for some tweets.

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Thanks for reading.

"Invest in yourself. Your career is the engine of your wealth." Paul Clitheroe

"Behind every stock is a company. Find out what it’s doing." Peter Lynch

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$XYL Thread

"Given the high level of investment need, we are starting to see an increased demand for water infrastructure financing" (cc: $XYL) pic.twitter.com/ZagxYfJZV7

— WTCM (@WTCM3) September 20, 2019

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$EVOL Thread

Why small position? Because I sadly don't have boots on the ground. I feel like I can't afford to visit a company etc. Thus, I usually only hit hard where I think you can't have an advantage over me. $EVOL, I found it, - but I can't hit it hard with conviction...

— sebidscap (@sebidscap) September 20, 2019

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$ROKU Thread

Quick [THREAD] on Roku

1/ Roku is steadily increasing its share of new Smart TV shipments in the US. Look at that blue bar grow! pic.twitter.com/dJkqwFhoJs

— Ryan Reeves (@investing_city) September 20, 2019

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Brian Stoffel Portfolio

Early Nov. #SkinInTheGame Update for my @themotleyfool writing.

Weighted returns for all individual investments below (about triple the market)

My top 10:

1) $AMZN 17%
2) $GOOG/L 9%
3) $SHOP 9%
4) Cash 8%
5) $MELI 7%
6) $VEEV 6%
7) $AAXN 6%
8) $MDB 5%
9) $FB 4%
10) $ISRG 4% pic.twitter.com/20CPYykezd

— Brian Stoffel (@TMFStoffel) October 30, 2019

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Matthew Cochrane Portfolio

End of Oct top holdings:
AMZN 8.7% of portfolio
MA 7.6%
GOOGL 7.2%
SWKS 7.2%
FB 6.9%
PYPL 6.5%
DIS 5.5%
MSFT 5.5%
HD 3.8%
SQ 3.5%
GPN 2.8%
VZ 2.6%
SHOP 2.6%
PAYC 2.4%
GLW 2.3%
HAS 2.3%
JPM 2.2%
EA 2.2%
ADBE 1.8%
BABA 1.7%
ILMN 1.7%
MDB 1.7% https://t.co/z4zYE82q5O

— Matthew Cochrane (@FoolMCochrane) November 1, 2019

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Austin Lieberman Portfolio

1/Oct Summary
30D 2.62% vs SPX 2.46%
1Y 36.30% vs SPX 19.96%
Nov'14 162.54% vs SPX 65.45%

after 39% drawdown 😳

Portfolio$AYX 21%$TTD 19%$MDB 15%$DDOG 8%$ESTC 7%$ROKU 7%$ZS 7%$PLAN 6%$OKTA 5%$PD 2.8%$SPCE 2.5%$ZM 1.4%$EXAS .45%$NBIX .26%

lots of lessons learned pic.twitter.com/WaYRN1eBdD

— Austin Lieberman (@AustinLieb) November 1, 2019

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Puru Saxena Portfolio

1) Portfolio summary - Oct-end$AMZN $BABA $BZUN $DOCU $EDU $ESTC $FB $GOOGL $HDB $HUYA $MELI $PINS $PYPL $ROKU $SE $SPCE $SQ $STNE $TAL $TCEHY $TWLO $WORK $ZS #NQ_F

No hedges in place.

YTD performance -

Portfolio +4%$ACWI +20%$SPX +21%

contd... pic.twitter.com/DISnZsPGXC

— Puru Saxena (@saxena_puru) November 1, 2019

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Dhaval Kotecha Portfolio

My top 10 holdings make up 56% of my portfolio as of October 2019$AMZN - 12%$NVDA - 10%$TTD - 6%$AAPL - 6%$MA - 4%$V - 4%$GOOG - 4%$TWLO - 3%$SHOP - 3%$SQ - 3%
(%'s round down to whole number)

What's your top 10? How much % does it occupy in your portfolio? https://t.co/cDuwOvGfNP

— Dhaval Kotecha (@dhaval_kotecha) November 1, 2019

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Long Short Value Portfolio

Update: YTD 34.8%

ROKU 10.5%
IAC 9.5%
SBAC 8.6%
PYPL 8.2%
INSG 8.2%
SDI 7.7%
AYX 7.5%
PAR 6.7%
WIX 6.5%
TTD 5.6%
-/-/-/-/-/-/- Smaller Positions
BYND + Puts -2%
CVNA -2.1%
CDZI -2.5%
AAON -2.8%
TSLA + Puts -4.9% https://t.co/qjxp8eAKGf

— Long Short Value (@LSValue) November 2, 2019

Selected Tweets

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If you want to share any tweets with me please send me email or dm on twitter. 

Thanks for reading.

"All progress takes place outside the comfort zone." Michael John Bobak

"If you are not willing to risk the usual, you will have to settle for the ordinary." Jim Rohn

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Outdoor advertising

Outdoor advertising as a channel has gained market share vs 20 years ago pic.twitter.com/jC72RlnPud

— Bluegrass Capital (@BluegrassCap) September 19, 2019

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$CNSWF \ $CSU.TO Thread

(1/10)Story on $CSU.TO’s acquisition process that I saw up close. It makes me more confident in their ability to win deals:

A friend owned ~40% of a VMS company with ~$1mm EBITDA growing ~MSD and mentioned that he wanted to sell. He potentially wanted to stay on afterwards.

— Kyler Hasson (@kylerhasson) September 19, 2019

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$SDC Thread

$SDC looks tempting, high growth high gross margin, big TAM, some competitive advantages that does take time to replicate. But corp governance redflags all over.

— mspacey (@mspacey4415) September 17, 2019

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$MNST Thread

1/n $MNST management became too conservative over the past years (thread on $MNST)

— CT Capital (@CrowdedTradeCap) September 18, 2019

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A lot of good companies in this discussion.

What's your favorite under-followed company?

My favs:$BL$EPAM$NVCR$LVGO$PAYC$HQY

— Brian Feroldi (@BrianFeroldi) September 17, 2019

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Top grossing media franchises of all time $NTDOY, $DIS

Fascinating infographic: Top grossing media franchises of all time. Pokémon, Hello Kitty, Mickey Mouse, Star Wars, etc

Observations:
- most of the money has been made in merchandise and video games
- so many Japanese brands! 5 out of the top 10
- many created in the past decade pic.twitter.com/6Munq0Upql

— Andrew Chen (@andrewchen) September 15, 2019

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$SE Thread

The "official" answer during the secondary roadshow was "to diversify the shareholder base, and improve stock liquidity".

The truth (in my view) was 1) the stock had risen 100% in three months, but nothing had changed fundamentally besides investors waking up to the story...

— Hayden Capital (@HaydenCapital) September 17, 2019

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$OSTK Thread

1/ I think it is important that I update my $OSTK thesis. I believe that the company is wildly overvalued and unlikely to succeed, but I no longer believe the "digital dividend" will be smoothly handled by Wall St. so I covered over the past few days at an avg of $22.80. cont....

— Alpha Exposure (@alpha_exposure) September 13, 2019

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$V Thread

not the worst outcome for $V Europe CEO Charlotte Hogg (left BoE in March 2017) pic.twitter.com/GE5n1SPvhY

— WTCM (@WTCM3) September 14, 2019

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Chartsravaganza

Here’s Chartstravaganza … from somewhere pic.twitter.com/veifnpNrWH

— Plan Maestro (@PlanMaestro) September 15, 2019

Selected Tweets

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Thanks for reading.

"Opportunities don't happen. You create them." Chris Grosser

"Success is walking from failure to failure with no loss of enthusiasm." Winston Churchill

                                                                                                                          
$TDG TransDigm Inc and The Power of Pricing

"TransDigm Inc and The Power of Pricing". Full report.$TDG ,via @225Researchhttps://t.co/mRlGYECkSd

— Darío González (@dario_gnzalez) September 15, 2019

                                                                                                                          
$VVV Thread

$VVV core business masking high ROIC growth of quick lubes. Multiple should rise over time as quick lube EBITDA becomes a larger percentage of total EBITDA. pic.twitter.com/8ENC8DxxDZ

— soonervaluecap (@soonervaluecap) September 14, 2019

                                                                                                                          
$BDX Thread

$BDX incremental returns on tangible capital, 2012-2018 pic.twitter.com/zrfYMbuN6r

— WTCM (@WTCM3) September 14, 2019

                                                                                                                          
$MA Thread

1) $MA Investor Community Meeting 2019

Presentation Link: https://t.co/LJwiGccgLG

Transcript: https://t.co/8rdEHNdvVL pic.twitter.com/bLfyHqkRHR

— Jerry Capital (@JerryCap) September 13, 2019

                                                                                                                          
$JKHY Value Investor Club Write-Up

VIC $JKHY write-up: " $JKHY is a capital 🚨compounder 🚨 "https://t.co/hJNoqIbVVj

— Jerry Capital (@JerryCap) September 13, 2019

                                                                                                                          
$SDC Smile Direct Club and $ALGN Align Tech. discussion

Hard to tell what the best play is. I bet $algn pricing has to come way down, but not sure $sdc is a great business if they're the one commositizing the industry. Big TAM, but the economics of going after it are getting worse and worse.

— Pythia Cap(ital) (@PythiaR) September 12, 2019

                                                                                                                          
$MSFT Teams vs $WORK Slack

Slack vs. Teams DAUs pic.twitter.com/VSecVafqZH

— WTCM (@WTCM3) September 12, 2019

                                                                                                                          
Mechanics of raising capital in IPO - $PTON

Thread on some mechanics of raising capital in IPO and the resulting market cap afterwards, with adjustments for dilution from options, for anyone interested. $PTON #peloton https://t.co/EJInHt4xuz

— Inquisitive Investor (@QuisitiveInvest) September 11, 2019

                                                                                                                          
Semiconductor industry resource

If you've ever been interested in the semiconductor industry, here's an insane resource: https://t.co/5iAPedvcB9

— Ryan Reeves (@investing_city) September 11, 2019

                                                                                                                          
$MTCH Match.com Thread

$MTCH @ Deutsche Bank Technology Conference with CFO Gary Swidler

"if you look at $MTCH brands in Canada, which we think is the best analogue to the US, it behaves quite similarly to the US, if you look at our Tinder, Match, OkCupid and PoF brand in Canada, which are...

— Jerry Capital (@JerryCap) September 11, 2019

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Thanks for reading.

"Our greatest glory is not in never falling, but in rising every time we fall." Confucius

"Life is really simple, but we insist on making it complicated." Confucius

"Only the wisest and the stupidest of men never change." Confucius

                                                                                                                          
$PD Pager Duty Thread - How to research a public company

Pager Duty $PD Day 1: Company Overview (S-1 Prospectus; ~3 hrs)

As a first step, I want to learn about how the company makes money & why it's valuable to customers.

Don't worry about the jargon; focus on the main idea & critical questions.https://t.co/iGisi03ew9

1/8 pic.twitter.com/sWUrTnMrAb

— Simon Erickson (@TMFInnovator) September 9, 2019

                                                                                                                          
$ECL Ecolab Thread

Ecolab's virtuous customer cycle (last week's investor day) pic.twitter.com/Qxyy3ItL54

— Bluegrass Capital (@BluegrassCap) September 11, 2019

                                                                                                                          
$MSCI Thread

1) $MSCI @ Barclays Global Financial Services Conference with CFO Linda Huber

— Jerry Capital (@JerryCap) September 11, 2019

                                                                                                                          
$SQ Square Thread

Square is buying a third-party brokerage API according to @Benzinga. If it launches a rival to @RobinhoodApp would extend the scope of its Cash App ecosystem considerably and allow users to manage entire financial life from an app. Nice! Long $SQ https://t.co/UG31n3CeIL

— Matthew Cochrane (@FoolMCochrane) September 11, 2019

                                                                                                                          
$MA, $V Mastercard\Visa Thread

(1/2) Good find, more from same interview. Sounds like $MA seeing unique opportunity in EU given regulatory changes impacting payments ecosystem (PSD2, open banking). While greatest risk to $V $MA business model is always regulation, they also present interesting opportunities pic.twitter.com/SYB1sSVhEA

— CORE Dental DDS (@CoreDentalDDS) August 8, 2019

                                                                                                                          
$CTRP Ctrip.com Thread

M* on $CTRP results (cc: $3690 HK, $780 HK, $BKNG) pic.twitter.com/ZC3WdunToT

— WTCM (@WTCM3) September 10, 2019

                                                                                                                          
$MCO Moody's Thread

1) $MCO @ Barclays Global Financial Services Conference with Mark Kaye – CFO

"we don't expect more issuance in the 2H, but do expect a higher % growth given how Q4 last year emerged. Over the long-term, GDP/disintermediation remain 2 of the primary drivers of issuance activity"

— Jerry Capital (@JerryCap) September 10, 2019

                                                                                                                          
Only one life. Keep it simple

We only have one life. Keep it simple & do 👇 rite now

-Missing somebody - Call
-Wanna meet up - Invite
-Wanna be understood - Explain
-Have questions - Ask
-Don't like something - Speak up
-Like something - Share
-Want something - Ask for it
-Love someone - Tell them#life

— LearnLifeWealthTravel (@AnyBodyCanFly) September 9, 2019

                                                                                                                          
$Z, $ZG Zillow Thread

“There’s over 100 million active users on Zillow and Trulia every month but only six million people buy and sell houses every year.”

Clearly there’s room for iBuyers to remove friction from home selling process. https://t.co/7E7xfnPuws pic.twitter.com/dC9uYhVD7G

— KiD💰 (@kidkapital) September 11, 2019

                                                                                                                          
$SPGI Thread

1) $SPGI @ Barclays Global Financial Services Conference with Ewout Steenbergen CFO

"July and August combined, bond issuance excluding structured finance is up 22%." 😳

— Jerry Capital (@JerryCap) September 11, 2019