Came across this when Tim Ferriss shared during his interview of Ed Thorp.

𝗧𝗵𝗲 𝗙𝗼𝘂𝗿 𝗦𝘁𝗮𝗴𝗲𝘀 𝗼𝗳 𝗖𝗼𝗺𝗽𝗲𝘁𝗲𝗻𝗰𝗲. 1. Unconscious incompetence. 2. Conscious incompetence. 3. Conscious competence. 4. Unconscious competence. We are initially unaware of how little we know, or unconscious of our incompetence. As we recognize our…

𝗜𝗺𝗽𝗼𝗿𝘁𝗮𝗻𝗰𝗲 𝗼𝗳 𝗵𝗮𝘃𝗶𝗻𝗴 𝘁𝗵𝗲 𝗿𝗶𝗴𝗵𝘁 𝗟𝗣: Something that I am thinking deeply as I am looking to start my own journey soon… 1 | The quality of your LPs matter just as much as your investments, your fund structure, fees and expenses. 2 | Recognise that not…

@MoS_Investing The hippo looks like he is in bliss.

Lovely article by @InvestmentTalkk. “What if God was a hedge fund manager?”

𝗚𝗼𝗱 𝗮𝘀 𝘁𝗵𝗲 𝗽𝗲𝗿𝗳𝗲𝗰𝘁 𝗹𝗼𝗻𝗴-𝗼𝗻𝗹𝘆 𝗶𝗻𝘃𝗲𝘀𝘁𝗼𝗿, 𝘄𝗵𝗼 𝗰𝗮𝗻𝗻𝗼𝘁 𝗮𝘃𝗼𝗶𝗱 𝗺𝗮𝗿𝗸𝗲𝘁 𝗱𝗿𝗮𝘄𝗱𝗼𝘄𝗻𝘀. God had perfect foresight, and would buy only those which would become top-decline performers over the next five years, rebalancing at the end of…

“Capital Allocation Results, Analysis, and Assessment”

This chart of ROIC-WACC spread through the corporate life cycle by @mjmauboussin makes me think a lot. It is more important to think about how much a company can expand its ROIC-WACC spread through its competitive advantage to its terminal rate, and if it can keep reinvesting…

Netflix’s $NFLX daily sign-ups spike higher than COVID with the crackdown on password sharing. Question is if these new subs will stay, Netflix’s lowest churn rate across streaming platforms seem to indicate they just might. Most of them could have already been using it for…

Musings from cooking for the wife for the 4th day, and a brand new delicious dish that she had in restaurants, but never at home. And most importantly, she found it delicious and enjoyed it, finishing it!

𝗖𝗼𝗼𝗸𝗶𝗻𝗴 𝗮𝘁 𝗵𝗼𝗺𝗲. Cooking benefits our pocket. Cooking improves our health. Cooking makes our loved ones happy. Cooking expands creativity. Cooking boasts self-esteem. Cooking brings happiness. Cooking is life.

Highly recommend Bogumil Baranowski’s @bogumil_nyc 3rd book, “Crisis Investing - 100 Essays”, and thank you for inviting to read it early prior to your launch. “Bogumil’s 3rd book is a beautiful compilation of 100 essays that he wrote through the COVID pandemic that captures…

A very nice parable of a donkey losing the argument of the grass is green, to the tiger who argues that the grass is blue. You don’t have to win all arguments, especially the ones that do not matter. Just chill and move on to other things that matter, there’s so much else.

@InvestiAnalyst 💯!

𝗚𝗶𝘃𝗶𝗻𝗴. The more you give to others, the more you will get. Sometimes it comes back in the most fascinating ways. Understanding this is the beginning of wisdom.

Great framework by @petergyang for evaluating generative AI startups, with the growing hype, as I have seen dozens of such startups so far, and only invested in one. Not every startup / business with Gen AI is truly revolutionary. Go back to basics and evaluate what problem is…

A beautiful sunset to end the week.

Didn’t realise Japan’s nominal GDP was more or less unchanged through the last 30 years, hovering between ~JPY 120-140T.

GPUs in AI vs CPUs in General.

@MarceloPLima Nice article on Tesla that outlines the pertinent points. Truly one that of scaled economics shared as well.

Our actions. Markets rise over the years and decades with frequent selloffs, as earnings keep growing. What you do when markets are down, matter much more than what you do on when markets are up. It might not be obvious initially, but it becomes increasingly evident over time.

@ekmokaya Nice near duopoly Visa and Mastercard has outside of China. 😉

@IrnestKaplan Thank you 🙏🏻 so much @IrnestKaplan! You are too kind!