Selected Tweets

It's time for some tweets.

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

This past week John Neff past away so i'll share some nuggets from him. I hope you don't mind it.

Thanks for reading.

 "You can line up more experts than you can shake a stick at, but none can predict with certainty what investors really want to know: How will the market do tomorrow, or next week, or next year?" John Neff

"Whether you trade one stock a year or a stock a day (I don’t recommend the latter)…" John Neff

"Hang around long enough… and you will begin to recognize the market’s personality. It is irrational and unsentimental. It is cantankerous and hostile. At times, it is forgiving and congenial." John Neff

"Obsession with broad diversification is the sure road to mediocrity. Most people who own more than two mutual funds are over-diversified." John Neff 

"The investment process must begin somewhere. In my case, all ladders start in the dusty rag and bone shop of the mart, where the supply of cheap stocks replenishes itself daily." John Neff 

"Individual investors enjoy a key advantage over professionals in one critical respect. You can pick and choose stocks and bide your time unflustered by the fierce and often corrosive quarterly performance sweepstakes, especially in hostile market climates." John Neff

"Low p/e stocks still offer opportunities to investors who dare to embrace them. But a crowd mentality still drives investing behavior." John Neff

Thread on $EEI

So thankfully $EEI filed their financials after close. Going through now, mixed bag with generally positive forward looking statements and disappointing results. I can see why this took so long given the declassification of LatAm subsidiaries. Some key points below:

— ArtkoCapital (@ArtkoCapital) May 31, 2019

Matthew Cochrane Holdings

End of May top holdings (will start doing this every month): AMZN (9.4% of portfolio), MA (7.4%), PYPL (7.4%), FB (6.8%), GOOGL (6.8%), DIS (6.0%), SWKS (5.7%), MSFT (5.0%), SQ (3.5%), HD (3.2%), SHOP (2.9%), GPN (2.7%), PAYC (2.6%), VZ (2.5%), MDB (2.4%), GLW (2.4%), HAS (2.4%)

— Matthew Cochrane (@FoolMCochrane) May 31, 2019

Matthew Cochrane Why $MA over $V

Why $MA over $V? Great question! https://t.co/MnO5ratdGy

— Matthew Cochrane (@FoolMCochrane) May 31, 2019

$OKTA Thread

$OKTA on the evolution of workforce + customer identity mgmt https://t.co/uXQ7a39lQO pic.twitter.com/LFuFZ4bCM7

— WTCM (@WTCM3) May 31, 2019

$INS with two short Reports here and here.

Imagine a company where:

- Revenues grew 70%+ last quarter
- Gross margins were over 60%
- Sales and market expenses were less than 1% of sales
- Founder led and owns more than 20% of shares
- Trading for a forward PE of 20

Oh wait...it exists.

What company is it?

— Ryan Reeves (@investing_city) May 30, 2019

Cheat Sheets

my dad used to write for a financial research company. these are some cheat sheets he made for himself pic.twitter.com/raG85GOCG2

— nick barr (@nsbarr) May 30, 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 snake which cannot cast its skin has to die. As well the minds which are prevented from changing their opinions; they cease to be mind.” - Friedrich Nietzsche

"In investing, what is comfortable is rarely profitable." - Robert Arnott

Forecast on future ad spend. Good article with lots of interesting tables and charts. Highly recommend.

Forecasts on Ad Spend.

Ad market for companies that happen to be in China was quite soft in 1Q19 but let's not forget longer-term trends. Even if those forecasts turn out to be inprecise, I believe they're more than only directionally accurate.

source: https://t.co/wrnAtUPqlN pic.twitter.com/ml0mRx9DNq

— sebidscap (@sebidscap) May 30, 2019

$MCFT Thread. I like the company. However the management has not have enough skin in the company

I know nobody wants to touch any cyclicals right now, but thats why you can buy $MCFT for 7x fwd earnings. Their main product is a ski/wake boat that is benefiting from secular tailwinds and is oligopolistic in nature (only 3-4 brands that matter in the segment).

— 1 Main Capital (@1MainCapital) May 30, 2019

$SWKS - play on 5G Thread

1/ This isn't my usual beat on payments or fintech, but would like to talk about Skyworks Solutions $SWKS, the analog #semiconductor maker that "is empowering the wireless networking revolution." Just thinking out loud, looking for feedback. #5G #IoT #valueinvesting (cont)

— Matthew Cochrane (@FoolMCochrane) May 30, 2019

Jason Zweig book recommendation

(1/3)

The best book I've read in the past five years is Vasily Grossman's epic novel about the siege of Stalingrad, "Life and Fate." https://t.co/WZINec9dxx

— Jason Zweig (@jasonzweigwsj) May 30, 2019

$HEI Thread

Heico CEO: "In the 29 years that we have been running HEICO, I have never seen a business climate as positive and strong as this one. And I would say as a general comment, is across the board and continue very strong."

— Liberty (@LibertyRPF) May 29, 2019

Good article. Also read the comments on this tweet

🍲 Fresh from the kitchen…

Our Systematic Value Philosophy

- 3 years ago, we asked ourselves, “how would we build a value equity strategy?”

- So we did it.

- Thoughts on metrics, cross-market v cross-industry, sector neutrality, and rebalancing.https://t.co/2RP3EEFbQt pic.twitter.com/2u2AGNr6pz

— Corey Hoffstein (@choffstein) May 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.

“We should never underestimate human stupidity” - Yuval Noah Harari

"Only two things are infinite, the universe and human stupidity, and I'm not sure about the former." - Albert Einstein

$RDFN Thread

I've previously discussed the challenges that I believe $RDFN faces as it scales Redfin Direct but I recently added a small position in the company.

My reasoning to follow. https://t.co/NtKfGb2goG

— KiD💰 (@kidkapital) May 29, 2019

$ZM Thread

Has anyone seen a total customer and/or user count for Zoom $ZM?

Zoom reports it has 50,800 customers w/ more than 10 employees, 344 customers spending $100k+, and that its total monthly meeting minutes now exceeds 5 billion.

But I have yet to see a reported total user count.

— Simon Erickson (@TMFInnovator) May 28, 2019

$ITW Thread

"The $ITW Business Model is our competitive advantage" pic.twitter.com/J35tFRyk4U

— WTCM (@WTCM3) April 26, 2019

Charlie Munger posts on 25IQ.com

There are 32 posts on Charlie Munger at 25IQ including (~10% of 300):

Distilled to less than 500 Words https://t.co/HK8GkgPBeY

The Value Investing System https://t.co/QBEcbe0YOU

Capital Allocation https://t.co/G2aADwDzTR

Making Rational Decisions https://t.co/2xaycMXRoY

— Tren Griffin (@trengriffin) May 27, 2019

Bill Miller favorite books.

Monk on Wittgenstein and on Russell, but those are obvious https://t.co/B0QeSLiFgh

— Bill Miller (@B3_MillerValue) May 26, 2019

Look at the comments inside to see what other people read.

What’s the last book that you read for at least the second time? https://t.co/1TmYRmX6m6

— Patrick OShaughnessy (@patrick_oshag) May 27, 2019

Evolution of scientific research.

Ual! Evolution of scientific research over the years: pic.twitter.com/lAbrP1KjpY

— Jule Santos (@julesantosER) May 27, 2019