Selected Tweets

It's time for some tweets.

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

Thanks for reading.

"Time is your friend; impulse is your enemy." John C. Bogle

"Learn every day, but especially from the experiences of others. It's cheaper!" John C. Bogle

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$SCHW Thread

As the market has digested the competitive and strategic impacts of $0 commissions, at $40 close today, $SCHW is largely back at pre-Oct 1 levels.

Some observations from CEO’s Fall Update today, particularly in flywheel SCHW calls the “virtuous cycle” pic.twitter.com/mttJSx9Zj4

— CORE Dental DDS (@CoreDentalDDS) October 19, 2019

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$WORK Thread

I wrote 500 words this morning on the recent selloff, especially as it relates to #SaaS companies.

Realized there would be no way to post this piecemeal to Twitter, so I've attached a copy here.

Bottom line = I think this selloff is a huge opportunity for LT investors.$WORK pic.twitter.com/RJ30TRecVY

— Simon Erickson (@TMFInnovator) October 18, 2019

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$FB Thread

1/ Obviously, whether anyone buys/sells depends on goals, risk tolerance, situation, etc -- but I believe $FB is a good investment and will beat the market over next 5 years. Whether it's a moral company or beneficial to society, I'll leave for others to debate. (cont) https://t.co/Veu5HFoXH2

— Matthew Cochrane (@FoolMCochrane) October 18, 2019

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I enjoyed this "compunder" discussion $AMT

Okay so $amt went from $2 to $20 to $200. At what point in that process were you stupid for selling, the first 200%, 500% 1000%, 2000%?

— Pythia Cap(ital) (@PythiaR) October 17, 2019

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Always fun read by Tren

Whenever you read or hear the phrase "losing money" you should ask yourself: what does this person mean?

1. GAAP earnings?
2. Cash flow?
3. Unit economics?

The phrase is so unspecific that it should not be used unless money in physical form is lost.https://t.co/r13Nabl3vd

— Tren Griffin (@trengriffin) October 17, 2019

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$INFLX Thread

1/
While the cash bonfire rages unabated at $NFLX, it looked at first like they printed some nice earnings. Until I looked closer.

— Investor Gator 🐊 (@GatorInvestor) October 16, 2019

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$CMCSA Thread

(1/n) Everyone I talk to about $CMCSA always brings up Brian Robert’s capital allocation being called into question after the Sky deal. Let’s take a look at his actual record.

— Preferred $hares (@PrefShares) October 16, 2019

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$Growth Stock Obseravations

1) The past few weeks have been real tough for growth investors with most rapidly growing stocks down 25-50% from their ATHs. For sure, some have held up but the vast majority have taken a real beating.

This battering in growth land (despite strength in the major indices)...

— Puru Saxena (@saxena_puru) October 17, 2019

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Inspiring

I know something about you

a secret your heart knows

even if you're unaware.

Every moment

every situation and person you encounter

you have a secret hope...

a hope this next moment, this person

will be EXTRAORDINARY.

Everyone has this hope.

How will you USE this secret?

— Adam Robinson (@IAmAdamRobinson) October 18, 2019

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Zelle Thread - $FISV, $FIS, $JKHY

“We’re now at a run rate of doing over a billion transactions and over a quarter trillion dollars worth of dollar volume, and that’s growing at 70% and 50%, respectively, year-over-year” (Zelle CEO)https://t.co/D3bOB4rCBH

— CORE Dental DDS (@CoreDentalDDS) October 18, 2019

Selected Tweets

It's time for some tweets.

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

Thanks for reading.

"The reason that 'guru' is such a popular word is because 'charlatan' is so hard to spell." William J. Bernstein

"It's human nature to find patterns where there are none and to find skill where luck is a more likely explanation (particularly if you're the lucky manager)." William J. Bernstein

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$NFLX Netflix Thread

Two fun facts to start this one:

1) Netflix is planning to spend $15 billion on content in 2019.

2) The company added 4x the number of international subscribers than in the US.

2018
International additions: 22.94 million
US addition: 5.68 million https://t.co/b2PNGrnZ0W

— Ryan Reeves (@investing_city) October 12, 2019

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Thread on $BRK.B Berkshire Hathaway

Because I view this investment a bit like a marriage. There are flaws but over the long run I think the benefits outweigh the costs. V, MA, and COST misses annoy me a lot. MSFT and GOOG less so.

The OXY debt was a good deal. He claimed he was negotiating with a big fish in Dec.

— Bill Brewster (@BillBrewsterSCG) October 12, 2019

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I liked this videos from Shopify CEO Tobi Lutke $SHOP

I sometimes do company internal ask-me-anything on Fridays. Let’s do it on Twitter today! Happy to talk about tech, ecommerce, company building, programming, hats. Send questions via hashtag #asktobi

— Tobi Lutke 🌳🌲 (@tobi) October 11, 2019

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$LII Lennox International Thread

1/n $lii is a bet on global warming. Hotter summers = higher sales numbers. pic.twitter.com/WqILjDBHUq

— Pythia Cap(ital) (@PythiaR) October 9, 2019

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$PD PagerDuty Competitive Position Thread

PagerDuty $PD Day 2: Marketing & Competitive Analysis (1.5 hrs)

As a second step, I want to learn about how the company is competitively positioned in the market.

Let's look at how it's priced, how it's reviewed by customers, and how large its addressable market could be.

1/10 https://t.co/yzH7TqK1iO

— Simon Erickson (@TMFInnovator) October 10, 2019

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$ADYEY Adyen Long Thesis on VIC

Ayden VIC Long Thesishttps://t.co/u44uC93wMf

— Jerry Capital (@JerryCap) October 10, 2019

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$PYPL PayPal Thread

$PYPL is quietly cutting product development costs pic.twitter.com/8NSUlreVrd

— CT Capital (@CrowdedTradeCap) October 10, 2019

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$CHYHY Chr. Hansen Holding Thread

$CHR DC F4Q results: "3% organic growth in Cultures & Enzymes (70% of group EBIT) compares with consensus of 5%, and is the weakest result in the company's reporting history since IPO" https://t.co/dkBjn5pBGK pic.twitter.com/zT7DS9aEqw

— WTCM (@WTCM3) October 10, 2019

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Books by topic. Great list.

I often ask for book/paper recommendations. In the hopes of getting a conversation started & finding new books, I’ll share some of my investing related favorites by topic (that I haven’t seen recommended much)...

— eric boroian (@eboroian) October 11, 2019

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First Footage of NYSE (1938)

• First Footage of NYSE •

New York Stock Exchange

(1938)

Remarkable.

Think of every investor, broker, and transaction that has passed through this lasting monument to finance. This building has seen it all.

So many stories.

Videos like this provide perspective. pic.twitter.com/vocT4rExgS

— Jamie Catherwood (@jfc_3_) October 10, 2019

Selected Tweets

It's time for some tweets.

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

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.

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

Thanks for reading.

"The stock market is the story of cycles and of the human behavior that is responsible for overreactions in both directions." Seth Klarman

"We are big fans of fear, and in investing it is clearly better to be scared than sorry." Seth Klarman

"We worry top-down, but we invest bottom-up." Seth Klarman

                                                                                                                          
Mission critical companies. Lots of good names.

Mission critical companies

Companies that if you shut them down today, the company that uses them couldn’t function:

Salesforce
Microsoft
Guidewire
Instructure
Blackboard
Veeva
Adobe
VMware
Nutanix
AutoDesk
Square
PayPal
Shopify
Wix
Wordpress
Stripe
AWS
Cerner
Epic

Who else

— Sean D. Emory (@_SeanDavid) September 6, 2019

                                                                                                                          
Brian Feroldi portfolio and see comments and discussion

Playing catchup with my favorite Fools:

My top holdings in descending order by position size:$MA (7%), $MELI (6%), $AMZN (5%), $BKNG, $NFLX, $FB, $SBUX, $ISRG, $V, $PAYC, $AYX, $GOOGL, $GOOG, $SQ, $ADBE......

Rest here: https://t.co/yVLupW6xL1

— Brian Feroldi (@BrianFeroldi) September 6, 2019

                                                                                                                          
$NTNX Nutanix Thread

The article for Google to buy Nutanix makes sense from the angle that Google as a company has been more open to broader ecosystems. $ntnx

We know FOUR things:

— Sean D. Emory (@_SeanDavid) September 5, 2019

                                                                                                                          
$SPLK Splunk Thread

I've now got a position in Splunk $SPLK

Leader in analysing/monitoring machine-generated big data.

Revenue projected to grow > 20%CAGR over the next 5 years; TTM P/S = 8

— Puru Saxena (@saxena_puru) September 4, 2019

                                                                                                                          
$T AT&T Thread

Elliot $T Chart Porn

— Jerry Capital (@JerryCap) September 9, 2019

                                                                                                                          
$GOOG, $GOOGL Thread

"Given how $GOOGL's product suite is closely interwoven, it’s not that much of a leap to wonder if such a guarantee could soon extend to hotels" (cc: $BKNG, $EXPE) https://t.co/RHVKjN9hSJ pic.twitter.com/XpC8j8Mld4

— WTCM (@WTCM3) September 6, 2019

                                                                                                                          
$FISV Fiserv Thread

$FISV recently filed docs in Bessemer vs Fiserv lawsuit detail a litany of product and organizational failures at Fiserv. Their core software offering is a hackers dream, full of holes that go unrepaired. It is also their own customers nightmare. Bessemer pulled the plug on $FISV pic.twitter.com/3stg38qHSj

— Empty Boxes (@emptyboxguru) September 5, 2019

                                                                                                                          
What's your single largest holding? Read comments for ideas.

It's uncomfortable and taboo for many to talk about their personal investments (unless of course they had a big winner!)

Surprisingly, people are often candid with this question:

"What's your single largest holding"?

Y'all know mine...what's yours?https://t.co/uW7e7C6OsF

— Meb Faber (@MebFaber) September 4, 2019

                                                                                                                          
Interesting Global Warming Thread

Tweetstorm about Global Warming, or alternatively Human Induced Carbon Cycle Imbalance.

It is a correctable human problem with a realistic human solution that should be pursued, discussed, and most importantly heavy funded.

Note: I’m not a scientist but rather an enthusiast

— Long Short Value (@LSValue) September 5, 2019

                                                                                                                          
Thread on Michael Bury Bloomberg article

Looks like Burry struck a little close to the heart...https://t.co/lEbmcrm0qJ

— Nate Tobik (@oddballstocks) September 5, 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 essence of business to me is great people run great companies. Mediocre people don't do a very good job." Kenneth Langone

"You can have a phenomenal technology with bad people; you're not gonna have much success. You can have mediocre technology with great people; they'll figure out a way to make a buck." Kenneth Langone

$PYPL Thread

1/ PayPal $PYPL reported its 2019 Q2 earnings results last night and is trading down about 4% today, so let's talk about it...

TL;DR: Another solid quarter, rev came in at $4.31B, +12% YOY, non-GAAP EPS $0.86, +47% YOY.

But those numbers come w/ some caveats...

(cont)

— Matthew Cochrane (@FoolMCochrane) July 25, 2019

Funny $CHWY Thread

Saw Einhorn short $CHWY and figured I'd flip through the investor presentations... and then saw this photo in their shareholder letter.

IMO you'd have to be out of your mind to short something this cute.https://t.co/rW3JdFe656 pic.twitter.com/7hzBDyKRTC

— Andrew Walker (@AndrewRangeley) July 25, 2019

$FB Thread

1) $FB Q2 2019

- The $FB FCF machine will go into overdrive as we lap the investment cycle in 2020/2021

- $FB generated $4.8 billion in FCF in the quarter, has $48.6 billion in cash, and bought back approximately $1.1 billion of shares. pic.twitter.com/b5BSpkCH9J

— Jerry Capital (@JerryCap) July 25, 2019

$ALGN Thread

(1) Thread on $ALGN @DarkSideOfTheSt @Butler60S @bluff_capital @jonathanrockoff @LibertyRPF @victoriouscake @LSValue @WallStCynic

— CT Capital (@CrowdedTradeCap) March 28, 2019

Brief history of Visa $V

Brief History of Visa https://t.co/u6zqYbT2kz

— Mine Safety (@MineSafety) May 29, 2019

Why REITs trade at a discount to PMV? - thread $SLG, $VNO

Thought this was a really interesting exchange on the $SLG earnings call.

Typical question is why REITs trade at a discount to PMV; analyst inverts and asks if discounts are hitting PMV.

Company says no; buyers prefer private real estate for illiquidity + no mark to market. pic.twitter.com/T3rINBCT8E

— Andrew Walker (@AndrewRangeley) July 19, 2019

$NFLX Thread

1) Winbrun wrote a $NFLX long thesis on VIC on June 26 2016 @ $86/share here is his/her post: https://t.co/IPxaszr56H

While the price has changed the long thesis has IMO not. I wanted to add in a thread of his comments over the last two years.

— Jerry Capital (@JerryCap) July 24, 2019

$ELS Thread

$ELS 2Q19: "we increased occupancy by 204 sites YTD, and this quarter marks our 39th consecutive quarter of occupancy growth. Customer demand to live in our communities continues to be high. The ownership transfer activity within our communities shows the strength of the market."

— WTCM (@WTCM3) July 24, 2019

$AZO Thread

#1 @iancassel Ian posted some eye popping figures about $AZO Autozone and its fantastic run since 1999. Time for a mini-AZO tweet storm! https://t.co/wgRxEIDncu

— EightTrack (@EightTrack180) July 15, 2019

Earnings quality and credit

Let's talk about earnings quality and credit. 43% of syndicated loan deals featured Ebitda addbacks in the first half of this year. That's a record proportion, according to BAML. If you strip those addbacks out, Ebitda/Interest coverage levels on loans are the lowest since 2005. pic.twitter.com/nwSb8kwZiv

— Tracy Alloway (@tracyalloway) July 22, 2019

Quotes from The Meaning of It All: Thoughts of a Citizen-Scientist By Richard Feynman

1) Some quotes from The Meaning of It All: Thoughts of a Citizen-Scientist By Richard Feynmanhttps://t.co/KTA36PcPzZ pic.twitter.com/WIFLcnXjaK

— Jerry Capital (@JerryCap) July 25, 2019