At its core, a mission statement should answer this question:
*****Why does the company exist?*****
A profound question that is easy to overlook!
1/ Mission Statements 🧵
I used to think mission statements were just corporate fluff
False words that companies created for HR reasons
I've slowly changed my mind about them
They are THE BEST stakeholder alignment & decision-making tool ever
EVER!
Need convincing? ⬇️⬇️⬇️⬇️
At its core, a mission statement should answer this question:
*****Why does the company exist?*****
A profound question that is easy to overlook!
Mission Statements should guide ALL of the actions of the organization
It's like a company's North Star
If an activity doesn’t advance the mission,
it should be discarded!
If an activity does advance the mission,
it should be adopted!
Mission: WHY the company exists
Vision: What the company/world looks like if the company is successful
Both important, but they are NOT interchangeable
is because the vast majority of companies/CEOs
don't believe they matter!
Most companies SUCK at creating & communicating them!
Why should employees/shareholders care about a mission
if the company/CEO doesn't?
****Why does the company exist?****
What problem is the company trying to solve????
and have a few things in common
1⃣Simple - as few words as possible
2⃣Inspirational -- they motivate all stakeholders
3⃣Optionable -- they leave the "how" open-ended
4⃣Communicated often -- Managers restate the mission regularly
I randomly choose Proctor & Gamble
I searched "Proctor & Gamble mission statement"
$PG doesn't have a mission statement, but rather a purpose
Here's what it says:
think could recite this purpose word for word?
I bet it rounds to zero
Is it:
1⃣Simple - no!
2⃣Inspirational -- eh
3⃣Optionable -- sort of
4⃣Communicated often -- not from what I see
FAIL! FAIL! FAIL! FAIL!
"To improve the lives of the world's consumers"
THAT would be a great mission
Imagine if $PG actually said/believed this
and communicated it often.
I bet it would help to align ALL of $PG's key stakeholders
AND dramatically simply decision making across the company
I bet you have heard the company's mission!
“to accelerate the world’s transition to sustainable energy.”
1⃣Simple - yes!
2⃣Inspirational -- yes!
3⃣Optionable -- yes!
4⃣Communicated often -- yes!
Which aligns ALL of $TSLA's key stakeholders
1⃣Customers
2⃣Employees
3⃣Investors
4⃣Managers
5⃣Suppliers
6⃣Society
behind its mission
to OPEN SOURCE $TSLA's patents?
WHY WOULD ANY COMPANY DO THIS????
Answer:
Doing so
*accelerates the world’s transition to sustainable energy*
VOLUNTEERED TO WORK FOR FREE
(FOR FREE)
to help the company?
Think about that!
Is it possible that they did so
because they believe so deeply in the company's mission?
So who else nails mission statements?
$ZNGA: "to connect the world through games"
$CRWD: "to protect our customers from breaches"
$AAXN: "to protect life"
A+ all around!
"to make the world smarter, happier, and richer."
Fool Live was launched in 2020 in response to COVID-19
@TomGardnerFool & @DavidGFool asked:
Will Fool Live "make the world smarter, happier, and richer?"
Yes, Yes, Yes
Do it!
"to spread financial wellness"
My time is aligned around this mission
I spend A TON of time on Twitter, Fool Live, & Podcasts
Financially, this makes little sense
but, it's THE BEST way that I know
"to spread financial wellness"
Like, REALLY hard
Took me a long time to settle on
"to spread financial wellness"
Lots of conversations with @TMFStoffel
(who is the person that turned me on to the power
of mission statements the most)
I bet you'll make different decisions
both in the short-term and long-term!
(Co-founder of @Twitch)
His #1 lesson from a recently failed startup?
"Start with the mission"
A+ from me!
https://t.co/pCq4ZtVHyo
Start with the mission\u2070.
— Justin Kan (@justinkan) January 6, 2021
It is very hard to write the mission after the fact. You should start with a clear reason to exist and filter early hires for believers.
More from Brian Feroldi
If you pick stocks, you MUST learn how to read an income statement.
Here’s everything you need to know:
The income statement shows a company’s revenue and expenses over a period of time, usually a quarter or year.
It’s also called:
▪️Profit and Loss statement, or “P & L”
▪️Statement of earnings
It follows this basic format:
Most public companies show their income statement in their quarterly earnings press release, but not always
Find them by looking at:
▪️10-Q (quarterly report)
▪️10-K (annual report)
▪️Aggregator websites like @theTIKR
Let's use Home Depot fiscal 2021 as an example
Step 1: Get the data
▪️ Go to https://t.co/OO3BfNGWVl
▪️ Search "HD"
▪️ Click the "10-K" from March 23rd
▪️ Scroll to "Statement of earnings"
The income statement flows in a step-down manner.
The top number is revenue (sales), and costs + expenses are subtracted as you go down
Here’s everything you need to know:
The income statement shows a company’s revenue and expenses over a period of time, usually a quarter or year.
It’s also called:
▪️Profit and Loss statement, or “P & L”
▪️Statement of earnings
It follows this basic format:
Most public companies show their income statement in their quarterly earnings press release, but not always
Find them by looking at:
▪️10-Q (quarterly report)
▪️10-K (annual report)
▪️Aggregator websites like @theTIKR
Let's use Home Depot fiscal 2021 as an example
Step 1: Get the data
▪️ Go to https://t.co/OO3BfNGWVl
▪️ Search "HD"
▪️ Click the "10-K" from March 23rd
▪️ Scroll to "Statement of earnings"
The income statement flows in a step-down manner.
The top number is revenue (sales), and costs + expenses are subtracted as you go down
More from Finance
Having made over 1000 boxes for vulnerable families in Cambridge via @RedHenCambridge (thanks to our customers 🙏🏽) My thoughts on the £30 box thing. Lots of factors at play here. 1/
If the pics in this @BootstrapCook thread are true and correct then the Govt/taxpayers & families in need are getting absolutely SHAFTED 👇🏽 2/
There are some mitigating circumstances. A £30 box won’t ever contain £30 (retail) worth of food - people aren’t factoring in
-the cost of the box
-paying someone to fill it
-rent & rates
-& most expensive the *transport/distribution*
3/
If you’re doing the above at scale. Delivering *across the UK* it’s not cheap BUT IMHO there should be at LEAST £20 worth of groceries in a £30 box. To get more value they need more fresh produce. Just carrots & apples is terrible. 4/
I’m gonna put my rep on the line here & say something about these big national catering companies whose names I’ve seen mentioned. They are an ASSHOLE to deal with & completely shaft small businesses like mine with their terms which is why I won’t deal with them. 5/
If the pics in this @BootstrapCook thread are true and correct then the Govt/taxpayers & families in need are getting absolutely SHAFTED 👇🏽 2/
Hi all. I\u2019ve been sent LOTS of photos of the food parcels that have replaced the \xa330 vouchers and asked what I would do with them. I\u2019m replying with advice privately because to do so publicly would look like justifying these ill thought through, offensively meagre scraps /1.
— Jack Monroe (@BootstrapCook) January 11, 2021
There are some mitigating circumstances. A £30 box won’t ever contain £30 (retail) worth of food - people aren’t factoring in
-the cost of the box
-paying someone to fill it
-rent & rates
-& most expensive the *transport/distribution*
3/
If you’re doing the above at scale. Delivering *across the UK* it’s not cheap BUT IMHO there should be at LEAST £20 worth of groceries in a £30 box. To get more value they need more fresh produce. Just carrots & apples is terrible. 4/
I’m gonna put my rep on the line here & say something about these big national catering companies whose names I’ve seen mentioned. They are an ASSHOLE to deal with & completely shaft small businesses like mine with their terms which is why I won’t deal with them. 5/
Thread: P&F Super Pattern
An effective price pattern defined using properties of P&F charts.
#Superpattern #Pointandfigure #Definedge
Point & Figure is an oldest charting method where price is plotted vertically, and the chart moves only when price moves. It is a different way of looking at the price, the objective box-value and reversal value offers advantage of identifying objective price patterns.
When price is moving up, it is plotted in a column of 'X'. When it is going down, it is plotted in a column of ‘O’. Normally, three-box reversal criteria is used to define the trend & reversal. Unlike a bar or candle, the P&F column can have multiple sessions in it.
Link to know more about the subject:
https://t.co/2xtLAVPBvm
See below chart. Price is in a strong uptrend, P&F chart would produce a long of column of 'X' with more number of boxes in it.
If such a trend is followed by some time bars without meaningful price correct, P&F chart would not move, and it will remain in column of 'X' in such a scenario.
An effective price pattern defined using properties of P&F charts.
#Superpattern #Pointandfigure #Definedge
Point & Figure is an oldest charting method where price is plotted vertically, and the chart moves only when price moves. It is a different way of looking at the price, the objective box-value and reversal value offers advantage of identifying objective price patterns.
When price is moving up, it is plotted in a column of 'X'. When it is going down, it is plotted in a column of ‘O’. Normally, three-box reversal criteria is used to define the trend & reversal. Unlike a bar or candle, the P&F column can have multiple sessions in it.
Link to know more about the subject:
https://t.co/2xtLAVPBvm
See below chart. Price is in a strong uptrend, P&F chart would produce a long of column of 'X' with more number of boxes in it.
If such a trend is followed by some time bars without meaningful price correct, P&F chart would not move, and it will remain in column of 'X' in such a scenario.
THREAD: Who are the rising stars of Chinese elite politics in the central Party-State bureaucracy?
For @MacroPoloChina I analyzed last year's ministerial-level promotions to posts in Beijing
TLDR: Ties to Xi Jinping—or a Xi ally—are very helpful! (1/14)
https://t.co/kO2A0Efyq2
Seven politicians were promoted to ministerial-level positions in central Party agencies last year
All are likely to feature on the next Central Committee selected at the 2022 Party Congress
Some could make the CCP's elite 25-person Politburo (2/14)
https://t.co/kO2A0Efyq2
Likeliest for the Politburo is Meng Xiangfeng, new Executive Deputy Director of the CCP General Office
He would replace Xi ally Ding Xuexiang as CCP chief-of-staff if Ding is promoted further in 2022
Meng worked under Xi allies Cai Qi in Hangzhou and Chen Xi in Liaoning (3/14)
Less likely for the Politburo but still important is Jiang Jinquan, new Director of the CCP Policy Research Office
He replaces 5th-ranked leader Wang Huning who led the Party's brains trust for 18 years
Wang remains prominent and will be <68 in 2022, so he'll stay around (4/14)
Other notable central Party promotions include Li Shulei and Liang Yanshun, who both assisted Xi when he led the Central Party School from 2007-2012
Li is a political conservative who is said to be quite close with Xi, even drafting his 2014 speech on culture and art (5/14)
For @MacroPoloChina I analyzed last year's ministerial-level promotions to posts in Beijing
TLDR: Ties to Xi Jinping—or a Xi ally—are very helpful! (1/14)
https://t.co/kO2A0Efyq2
Seven politicians were promoted to ministerial-level positions in central Party agencies last year
All are likely to feature on the next Central Committee selected at the 2022 Party Congress
Some could make the CCP's elite 25-person Politburo (2/14)
https://t.co/kO2A0Efyq2
Likeliest for the Politburo is Meng Xiangfeng, new Executive Deputy Director of the CCP General Office
He would replace Xi ally Ding Xuexiang as CCP chief-of-staff if Ding is promoted further in 2022
Meng worked under Xi allies Cai Qi in Hangzhou and Chen Xi in Liaoning (3/14)
Less likely for the Politburo but still important is Jiang Jinquan, new Director of the CCP Policy Research Office
He replaces 5th-ranked leader Wang Huning who led the Party's brains trust for 18 years
Wang remains prominent and will be <68 in 2022, so he'll stay around (4/14)
Other notable central Party promotions include Li Shulei and Liang Yanshun, who both assisted Xi when he led the Central Party School from 2007-2012
Li is a political conservative who is said to be quite close with Xi, even drafting his 2014 speech on culture and art (5/14)
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
