"If you sit down with an orangutan and carefully explain to it one of your cherished ideas, you may leave behind a puzzled primate, but will exit thinking more clearly yourself."
Teaching others actually teaches yourself.
2022
I devoured 50 years of Warren Buffett shareholder letters.
The result?
12 timeless principles from the greatest investor in the world.
Here are the golden nuggets🧵
"If you sit down with an orangutan and carefully explain to it one of your cherished ideas, you may leave behind a puzzled primate, but will exit thinking more clearly yourself."
Teaching others actually teaches yourself.
2022
“A horse that can count to ten is a remarkable horse - not a remarkable mathematician.”
Beware your comparison set.
Are you judging crappy relative performance or absolute results?
1985
The business boat you get into is more important than how effectively you row.
“When a brilliant management team tackles a business with a reputation for poor fundamental economics, the reputation of the business usually stays intact.”
1985
"Good performance should be rewarded whether Berkshire stock rises or falls.
Average performance should earn no special rewards even if our stock soars."
Judge for individual performance or risk free riding on group success.
1986
Everyone tries to predict the future.
But it's a loser's game.
Instead of predicting rain, focus on building the Ark.
The Ark is a durable business that can weather the storm.
1981
Can you be content doing nothing?
"It has struck me that all men’s misfortunes spring from the single cause that they are unable to stay quietly in one room.”
- Blaise Pascal
1982
An exec team achieved the most elusive goal:
"Keeping things simple and remembering what you set out to do."
The bigger the project, the more we need a reminder of the goal and simple things to execute today.
1982
1) Consistent earning power: future projections are useless
2) Good returns on equity with little or no debt
3) Management in place: we can’t supply it
4) Simple businesses: if there’s lots of tech, we won't get it
1985
"If we hire people who are smaller than us, we become a company of dwarfs.
But, if we hire people who are bigger than us, we become a company of giants."
Great hiring makes you the dumbest in the room.
1987
Buy businesses with superstar managers.
"If we did more business operating, less would be accomplished.
Instead, get out of the way.
If you coach a basketball team with Lebron James, don't tell him how to dribble the ball.
1988
"Berkshire is my first love and one that will never fade:
At Harvard Business School last year, a student asked me when I planned to retire and I replied,
"About five to ten years after I die."
1998
"Good jockeys will do well on good horses, but not on broken-down nags."
It doesn't matter how good you are.
Pick the wrong market or a bad business model and you fail.
What you work on matters more than anything else.
1990
And thanks @tegusHQ for sponsoring this thread and being the best tool for investors and Corporate Development teams to get smart on any business.
https://t.co/I9qAwfJwij
I devoured 50 years of Warren Buffett shareholder letters.
— Chris Hladczuk (@chrishlad) February 27, 2022
The result?
12 timeless principles from the greatest investor in the world.
Here are the golden nuggets\U0001f9f5
And join 9,000+ others to get free threads to your inbox every week:
https://t.co/40QGb1e9GG
More from Chris Hladczuk
If you use it right, Google is the most powerful tool in the world.
But the truth is most people suck at it.
Here are 8 Googling tips that you probably don't know👇
"Quotation markets"
Put quotes around search terms to let you search exactly for that word.
All results will have your terms in it.
Example: "James Clear"
Gives you all James Clear search results without just "James" or just "Clear".
- Dashes
If you want to exclude a term from your search, include a hyphen before that word.
Example: dolphins-football
You just want dolphins the animal not dolphins the professional football team.
~ Tilde
Use tilde when you want synonyms to appear in the result.
Example: music ~classes
Here you only get music classes, lessons, coaching, etc.
Site:
Use this to search within a specific website only.
Example: Kevin Ryan site:chrishlad..com
This searches for Kevin Ryan mentions on my website (chrishlad dot com).
But the truth is most people suck at it.
Here are 8 Googling tips that you probably don't know👇
"Quotation markets"
Put quotes around search terms to let you search exactly for that word.
All results will have your terms in it.
Example: "James Clear"
Gives you all James Clear search results without just "James" or just "Clear".
- Dashes
If you want to exclude a term from your search, include a hyphen before that word.
Example: dolphins-football
You just want dolphins the animal not dolphins the professional football team.
~ Tilde
Use tilde when you want synonyms to appear in the result.
Example: music ~classes
Here you only get music classes, lessons, coaching, etc.
Site:
Use this to search within a specific website only.
Example: Kevin Ryan site:chrishlad..com
This searches for Kevin Ryan mentions on my website (chrishlad dot com).
More from Finance
Last week Hizbollah's finance institution Al Qard el Hasan was hacked by Spiderz. A group of people took that Data and tried to make sense out of it. Below are the findings
https://t.co/eGLqvb28o5
Loans are provided to borrowers for gold deposits or other guarantees, to the association's members and to unsecured applicants.
AQAH had a carried forward loan balance of $450 million as of December 31, 2019. This balance has been increasing at a yearly rate of 13.4%.
AQAH laundered around $475 million in 2019 in the form of disbursed loans paid to more than 20,000 borrower accounts; mostly to borrowers with gold deposits.
Deposits accounts have been offered to 307,000 members of the association, 83,000 contributors as well as to 600 companies. AQAH closed 2019 with an overall depositors accounts balance of around $500 million.
https://t.co/eGLqvb28o5
Loans are provided to borrowers for gold deposits or other guarantees, to the association's members and to unsecured applicants.
AQAH had a carried forward loan balance of $450 million as of December 31, 2019. This balance has been increasing at a yearly rate of 13.4%.
AQAH laundered around $475 million in 2019 in the form of disbursed loans paid to more than 20,000 borrower accounts; mostly to borrowers with gold deposits.
Deposits accounts have been offered to 307,000 members of the association, 83,000 contributors as well as to 600 companies. AQAH closed 2019 with an overall depositors accounts balance of around $500 million.
Rule 4 : If buying a naked option, always ensure that implied volatility is low. This can be understood from the level of IV vis a vis historical IV levels. Use IVR or IVP etc.
For a naked option to make money, it's better if IV rises or at least stays flat.
This is a thread I wrote on IV, IVR etc
For a naked option to make money, it's better if IV rises or at least stays flat.
Rule 3 : DO NOT run or trade everything that moves. Focus on a few stocks and master them. When a move comes, make the max out of that move.
— Subhadip Nandy (@SubhadipNandy16) October 14, 2021
Example : in this crazy mkt, I did not even trade TataMotors this week. Stayed focussed on ITC and it gave good returns https://t.co/41wkugZg1I
This is a thread I wrote on IV, IVR etc
IV - A thread
— Subhadip Nandy (@SubhadipNandy16) September 20, 2018
In financial mathematics, implied volatility of an option contract is
that value of the volatility of the underlying instrument which, when
input in an option pricing model ) will return a theoretical value equal to the current market price of the option (1/n)
Here are all the threads posted by @AdityaTodmal and @niki_poojary in January: 🧵
• 8 powerful ways to use Twitter
• Power of Stocks
• 14 Trading Strategies
• Basics of Derivatives (3 parts)
• Technical Analysis for all sectors
• Tweets of the week
• Books on Futures
All the Top 10 tweets threads I have ever posted to date:
Basics of Derivatives Part 1:
8 powerful ways to use Twitter:
Basics of Derivatives Part 2:
• 8 powerful ways to use Twitter
• Power of Stocks
• 14 Trading Strategies
• Basics of Derivatives (3 parts)
• Technical Analysis for all sectors
• Tweets of the week
• Books on Futures
All the Top 10 tweets threads I have ever posted to date:
Every week, I post a thread with the top ten tweets.
— Aditya Todmal (@AdityaTodmal) January 7, 2022
People seem to enjoy these a lot.
\U0001f9f5 Here's a list of all of them in order of appearance: \U0001f9f5
Basics of Derivatives Part 1:
\U0001d401\U0001d41a\U0001d42c\U0001d422\U0001d41c\U0001d42c \U0001d428\U0001d41f \U0001d403\U0001d41e\U0001d42b\U0001d422\U0001d42f\U0001d41a\U0001d42d\U0001d422\U0001d42f\U0001d41e\U0001d42c
— Nikita Poojary (@niki_poojary) January 8, 2022
\u2022 What is a derivative
\u2022 Various derivative products
\u2022 Participants in derivatives market
\u2022 Uses of derivative instruments
\u2022 Beta & hedge ratio
\u2022 Option Greeks
Time for a Thread \U0001f9f5
Curated in collaboration with @AdityaTodmal pic.twitter.com/x6IHoQubOT
8 powerful ways to use Twitter:
Most of the Trading community doesn\u2019t know how to use Twitter effectively.
— Aditya Todmal (@AdityaTodmal) January 15, 2022
Here are 8 powerful ways to use Twitter: \U0001f9f5
Collaborated with @niki_poojary pic.twitter.com/TuZt72PIzd
Basics of Derivatives Part 2:
\U0001d401\U0001d41a\U0001d42c\U0001d422\U0001d41c\U0001d42c \U0001d428\U0001d41f \U0001d403\U0001d41e\U0001d42b\U0001d422\U0001d42f\U0001d41a\U0001d42d\U0001d422\U0001d42f\U0001d41e\U0001d42c - \U0001d40f\U0001d41a\U0001d42b\U0001d42d \U0001d408\U0001d408
— Nikita Poojary (@niki_poojary) January 15, 2022
\u2022 How options can be used
\u2022 How to trade in options & exit strategy- buyers
\u2022 Imp of theta decay
\u2022 How to trade in options & exit strategy -sellers
Time for a Thread\U0001f9f5
Curated in collaboration with@AdityaTodmal pic.twitter.com/Ebd99afDKB
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H was always unseen in S2NL :)
Those who exited at 1500 needed money. They can always come back near 969. Those who exited at 230 also needed money. They can come back near 95.
Those who sold L @ 660 can always come back at 360. Those who sold S last week can be back @ 301
Those who exited at 1500 needed money. They can always come back near 969. Those who exited at 230 also needed money. They can come back near 95.
Those who sold L @ 660 can always come back at 360. Those who sold S last week can be back @ 301
Sir, Log yahan.. 13 days patience nhi rakh sakte aur aap 2013 ki baat kar rahe ho. Even Aap Ready made portfolio banakar bhi de do to bhi wo 1 month me hi EXIT kar denge \U0001f602
— BhavinKhengarSuratGujarat (@IntradayWithBRK) September 19, 2021
Neuland 2700 se 1500 & Sequent 330 to 230 kya huwa.. 99% retailers/investors twitter par charcha n EXIT\U0001f602
1/“What would need to be true for you to….X”
Why is this the most powerful question you can ask when attempting to reach an agreement with another human being or organization?
A thread, co-written by @deanmbrody:
2/ First, “X” could be lots of things. Examples: What would need to be true for you to
- “Feel it's in our best interest for me to be CMO"
- “Feel that we’re in a good place as a company”
- “Feel that we’re on the same page”
- “Feel that we both got what we wanted from this deal
3/ Normally, we aren’t that direct. Example from startup/VC land:
Founders leave VC meetings thinking that every VC will invest, but they rarely do.
Worse over, the founders don’t know what they need to do in order to be fundable.
4/ So why should you ask the magic Q?
To get clarity.
You want to know where you stand, and what it takes to get what you want in a way that also gets them what they want.
It also holds them (mentally) accountable once the thing they need becomes true.
5/ Staying in the context of soliciting investors, the question is “what would need to be true for you to want to invest (or partner with us on this journey, etc)?”
Multiple responses to this question are likely to deliver a positive result.
Why is this the most powerful question you can ask when attempting to reach an agreement with another human being or organization?
A thread, co-written by @deanmbrody:
Next level tactic when closing a sale, candidate, or investment:
— Erik Torenberg (@eriktorenberg) February 27, 2018
Ask: \u201cWhat needs to be true for you to be all in?\u201d
You'll usually get an explicit answer that you might not get otherwise. It also holds them accountable once the thing they need becomes true.
2/ First, “X” could be lots of things. Examples: What would need to be true for you to
- “Feel it's in our best interest for me to be CMO"
- “Feel that we’re in a good place as a company”
- “Feel that we’re on the same page”
- “Feel that we both got what we wanted from this deal
3/ Normally, we aren’t that direct. Example from startup/VC land:
Founders leave VC meetings thinking that every VC will invest, but they rarely do.
Worse over, the founders don’t know what they need to do in order to be fundable.
4/ So why should you ask the magic Q?
To get clarity.
You want to know where you stand, and what it takes to get what you want in a way that also gets them what they want.
It also holds them (mentally) accountable once the thing they need becomes true.
5/ Staying in the context of soliciting investors, the question is “what would need to be true for you to want to invest (or partner with us on this journey, etc)?”
Multiple responses to this question are likely to deliver a positive result.
