Mr Flip retweeted
The media industry is changing fast.
Here are 10 things I’ve learned from my favorite media personalities.
1. Create a language
Treat your audience like a friend by adding special phrases and inside jokes for your top fans. Don't just create content — create a world.
Mr Flip retweeted
Imagine you're an American who works with his hands, & you've lost your job because of the lockdowns. You turn on the TV & hear medical experts, academics, technocrats & journalists explain we must keep the economy closed. All these people making that case have jobs.
My take:
Mr Flip retweeted
Buffett “There was a period right before the Fed acted, we were starting to get calls. They weren’t attractive calls...after Fed acted, a number of (firms) were able to get money in the public market frankly at terms we wouldn’t have given”
Fed is killing capitalism.
#Winning
Mr Flip retweeted
Companies pay millions of dollars for the attention you get for free by writing online.
Mr Flip retweeted
Instead of making your largest position the one you think can go up 500% in the next 6 months, your largest position should be the one where you can’t lose over the next few years. Ironically, the latter is where you will often find the next multi-bagger.
Mr Flip retweeted
Individual investors have an edge over managers, advisors, analysts, or anyone that is forced to prove how smart they are to others. You don’t need to have an “opinion” on anything. All you have to do is focus on making a few good decisions per year on the stocks you understand.
Mr Flip retweeted
A lesson on economics from Davey Day Trader: The US is giving away Shrute Bucks
@highnoonsunsips
Mr Flip retweeted
Two things can be true:
1. The current collapse in economic activity is at least as bad, if not worse, than the Great Depression.
2. Government/Fed response then was atrocious. Today it's pretty good (so far).
Makes comparisons/extrapolations hard.
Mr Flip retweeted
Fear and FOMO is the markets way of trying to get you to do the wrong thing at the wrong time.
Mr Flip retweeted
As best I can tell, to achieve exceptional results you need 4 things:
(1) Quantity: You take lots of shots.
(2) Quality: You take thoughtful shots.
(3) Consistency: You keep shooting for a long time.
(4) Luck: You get a few favorable bounces.
What else would you add?
Mr Flip retweeted
Mgmt, Moats and Forecastability - 3 essential traits of investable candidates according to @IntrinsicInv . Posted a framework for evaluating superior managements - this one by @mjmauboussin helps in "Measuring the Moats". Hope my notes do some justice to the fabulous report..
Mr Flip retweeted
Up $319k. THE RANGE IS HOT. DONT LET A BAD TRADE RUIN YOUR NEXT TRADE. RUN THE FOOTBALL. AMOEBA DEFENSE.
Mr Flip retweeted
"They’re bailing out investors and corporations. Who are they bailing out? Those who did not have a buffer.
...
The system favors companies that spend cash to buy stock and borrow over those with a cautious attitude. Now we’re bailing out those who made that mistake."
@nntaleb
Nassim Taleb: Why Are We Bailing Out Companies That Spent Their Cash And Took On Debt acquirersmultiple.com/2020/0…
Mr Flip retweeted
Successful investing is hard work because it means disciplining your mind to do the opposite of human nature. Buying during a panic, selling during euphoria, and holding on when you are bored and crave action.
Mr Flip retweeted
I suspect this will lead to a generation of super savers/paranoid of debt. More than 2008.
Mr Flip retweeted
Booking Holdings $BKNG should be on every watchlist
*Online travel oligopolist, wide moat
*Requires no tangible invested capital
*FCF margin ~35%
*Trading at 15x FCF
*Healthy balance sheet
*Down 50% YTD with debt-ridden, asset-heavy travel stocks
I mean... just look at this:
