Selected Tweets

It's time for some tweets.

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

Thanks for reading.

"Many management [teams] are just deciding they're gonna buy X billions over X months. That's no way to buy things. You buy when selling for less than they are worth. ... It's not a complicated equation to figure out whether it is beneficial or not to repurchase shares." Warren Buffett

"Recognizing risk often starts with understanding when investors are paying it too little heed." Howard Marks

$ZOU Thread

1
Zuora $ZUO is one of my highest conviction ideas right now & I’ve been increasing my stake. #SEconviction

DISCLAIMER: This is a contrarian pick! ZUO shares are down 35% during the past yr, though I think its long-term oppty is still firmly intact.https://t.co/my2z9QliTP

— Simon Erickson (@TMFInnovator) July 9, 2019

Adam Robinson - Difference between successful people and really successful people

Warren Buffett said the difference between successful people and really successful people

is that really successful people say no to almost everything.

Truth!

But not always easy.

So here's the SECRET TO SAYING NO—

you’re actually saying YES! to something more important.

— Adam Robinson (@IAmAdamRobinson) July 8, 2019

$COUP Thread

Taking a look at Coupa $COUP this morning. Feel free to add any comments if you're familiar with the name.

[THREAD]

— Ryan Reeves (@investing_city) July 8, 2019

Thread about 2019 Sequoia Fund investor day

2019 Sequoia Fund investor day transcript https://t.co/UmUkR2hcBE

— Bluegrass Capital (@BluegrassCap) July 6, 2019

Thread about Hosking & Co Memo

Hosking & Co memos (Jeremy Hosking co-founded Marathon AM): https://t.co/FRA61VYZfx

— Investor (@pricing_power_) April 28, 2019

Raoul Pal with some scary charts

Big, important thread alert:

There is a lot going on in Europe that feels like it's coming to a head soon... probably by the end of the summer. The EU economy is in mild recession... pic.twitter.com/OZPM6qfMKa

— Raoul Pal (@RaoulGMI) July 7, 2019

Interesting question. Follow the replies

What are the best questions you ask of all management teams across industries? Why?

— Christopher Pavese (@ChrisPavese) July 10, 2019

$DAL Delta Airlines Thread

$dal with a good print. As expected given lack of 737 MAX exposure and competitors in a bit of a weaker position. That said... pic.twitter.com/2DCmMdFczV

— Bill Brewster (@BillBrewsterSCG) July 11, 2019

In History - Gerald Tsai

Gerald Tsai became famous as one of the performance stock managers during the 60's bull market
He spun out of Fidelity, raised his own fund, then sold his company to CNA

Buffett dragged him later (in Money Masters)https://t.co/y27CLgxtEM pic.twitter.com/U3SbnnnYGC

— NeckarCap (@NeckarValue) July 12, 2019

$GRUB App Downloads

$GRUB App Downloads pic.twitter.com/mCt7M1i8Wb

— Jerry Capital (@JerryCap) July 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.

"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