https://t.co/nWSFLFFnte

2/ Regarding A. I'm long $TSLA, believe it isn't a bubble and the naysayers are shortsighted and wrong.

Only time will tell about A, but B we already know - $TSLA joined at an ATH of $695 then fell - but it's now at $763, so it ADDED value, not detracted.

BUT..

3/ But the question of whether $TSLA brings risk to the S&P is WRONG by itself. The whole idea of an INDEX FUND like S&P500 is to be passive, and it's THE ACTIVE MANAGER DECISIONS that introduce risk

Being profitable and large TSLA should have been added ON Q2 EARNINGS.
..

4/ Before we analyze implications, consider this:

DataTrek Research estimates that if on Jan 1 2020 an investor had put $5 of every $100 invested in an S&P 500 ETF into $TSLA, their return by Dec 11 2020 would've increased by roughly 31%!
(more by

5/ But that's hypothetical bc $TSLA didn't qualify for S&P at Jan 2020, and 5% is more than its share today.

Tesla DID qualify on Q2 earnings but was admitted after Q3. Comparing 12/21 price ($695) to 9/21 price ($449) is wrong bc by 9/21 price fell after news of not including.

1/ For anyone who is on the fence about @growclass, I remember the exact moment I was sitting in my car in the parking lot on September 9th, 2020 calculating on the phone what the ROI would need to be for me to join the program.

2/ I had calculated that if this program got me about 11 extra students paying $250 CAD each over the next 12 months, this course would pay for itself.

Considering how much I have valued @skstock's help and advice, I was confident it would be at least that, probably more.

3/ In fact, after I already joined, Sarah challenged me and said "let's make that goal 25"! And I got excited but was skeptical if even with some great tools and education I would be able to pull that off.

25 * $250 = $6,250

4/ So my advice to anyone trying to figure this out, if you're running your own business is to ask yourself 2 questions:

1. "How many extra sales will I need over the next 12 months to pay off the cost of this program?"

2. "Do I think that this program will do at least that?"

5/ What happened in @growclass is that I learned how to better talk about the benefits of my program and write better and got custom-tailored help/iteration and advice from the incredible community on my landing pages and copy.

If the connotation of risk is an intertwined concept and is difficult to quantify, how does a Risk Officer look at it?
Is there any way other than using copula models to determine systemic risk with long tails or a black swan event?
@CQFInstitute @GARP_Risk @SOActuaries

I guess we are worried about Market and Credit Risks or other interrelated financial risks which can create conjoint loss given events.

Any #Gaussian distribution model will enable you to model and predict potential Operational, Liquidity and Balance sheet AL - (Asset - liability) Mismatch, Market and Credit drove losses under normal market conditions.

But in the financial sector, the trend has been to emphasize more on #material and #quantifiable risks, which adhere to SPC #Statistical Process Control such as Credit and Market risks, at least in the context of financial instruments with a #linear pay -off.

Research has shown that even in the financial sector most of the #tail #risk event impacts are #Operational in nature=>
•75- 80% of the loss given events are classified as Operational #LGE - (LOSS GIVEN EVENTS),
•Only 15%- 20% of the LGEs are driven by Market or Credit or both

CTFN's #ICYMI weekend edition: #Merger and deal activity are expected to be robust in 2021, and regulator scrutiny is expected to be rigorous.

(thread) #antitrust #investming #stocks

In the meantime, key changes will occur under the new #Biden administration at the U.S. Federal Trade Commission that is anticipated to weigh heavily on big pharma deals, @dalter28 wrote

#FTC #antitrust #MnA

Further for one big pharma deal, Surani Fernando wrote that while @AstraZeneca's $39 billion bid for @AlexionPharma has drawn a number of critics, a strategic build-out of immunology may prove an important rationale for the deal

#mergers #healthcare $ALXN $AZN

On @Google's acquisition of @Fitbit: the @acccgovau rejected #Google's offer of behavioral remedies this week, though a former ACCC official walked CTFN through how the parties might handle the review

#HeyGoogle #ACCC

The Russian regulatory process for Nova Resources' proposed buyout of Kaz Minerals is unlikely to exceed the standard timeline, CTFN's @CamerinoValeria reported

#shareholders #mergers #mining

One of my fav docs to come back to during all market cycles. Covering Investment principles, checklists, economic cycles/bubbles, value traps & more. Phenomenal compilation by @pcordway👏

cc: @dmuthuk @Gautam__Baid @saxena_puru

Some of my fav content.⬇️

https://t.co/TIkvktVoJC

Pretty good process and checklist.

Tenets from "The Warren Buffett Way"

Some lessons from Ben Graham

Phil Fisher's 15 Questions and 10 Don'ts.

For years, more and more services that should be statutory and government funded have had to be replaced with charities and donations because the govt stops funding them. To the point where we are literally donating now to schools, NHS, foodbanks & shelter.

Govt isn’t even providing basic human rights at this point, and we are all expected to be so happy when someone walks up a mountain or releases a song to donate to a service that we literally pay taxes for already.

No one should be having to raise money for stat services.

But it’s framed as positive isn’t it? An elderly man raises millions for the NHS and he’s a bloody hero. He is. Of course. But why on earth did he even need to do that? The NHS isn’t a charity. It’s supposed to be funded correctly to function.

People create choirs and release songs to raise millions for veterans who are left to die and suffer after service - and it’s all supposed to be a lovely gesture but the real crime is that the govt exploited these humans and then left them with absolutely nothing

People go out of their way to create shelters and accommodation charities and that’s brilliant - we are reliant on humans like this.

But why? Why should we be?

Aren’t humans entitled to safe accommodation and shelter? Why isn’t the govt held accountable for refusing to provide?

Thread on how easy it is to get tricked into haemorrhaging money from your bank account after an online purchase – and why financial regulators seem to be behind the curve on this.🧵💸💻

Forgive the personal story, but I think it's relevant...1/

I’m pretty careful with my money online - regularly checking my pension, combing my online bank statement for suspicious transactions, pruning unwanted subscriptions etc...2/

I’d describe this as financial hygiene – and would advise everyone to do it.

Yet it’s not always enough.

While looking through a list of transactions on my online account before Xmas I noticed a £15 payment to something called "WLY*https://t.co/tSHitonwoT" ...3/

By chance I knew for certain I’d not bought anything on that particular day, so I investigated further.

I downloaded my entire statement for the year and discovered I’d made a payment to this entity for the
same amount every month for 14 months, so £210 in total...4/

I did an online search & found a club called Complete Savings (@completesave), that offers cashback on online purchases in return for £15 a month membership fees.

This is not, to put it mildly, the kind of scheme I would ever knowingly sign up to....5/

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🧵

The Orangutan Effect

"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

The Faulty Premise Framework

“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

Pick the Right Business Boat

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

A Rising Tide Doesn't Lift All Bonuses

"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

I can't believe this is my first tweet for 2021, but it hits home really hard so lemme share my thoughts and begin by saying that in dating
FINANCIAL CAPACITY IS OFTEN CONSIDERED, specially if you don't come from privilege

A THREAD

(1/X)

Don't get me wrong, money isn't the sole basis of love, but if you live in a country like ours where most are underpaid and inequality is bad, it is pretentious to say that finances are not considered in choosing a partner. So let's try to explore some scenarios:

(2/x)

Scenario 1

Person A meets Person B. They like each other big time. However, because of financial stability, person B wants to fly abroad for better opportunities. Person A can't do LDR.
LOVE STORY ENDS.

(3/x)

Scenario 2:

A wants to climb the corporate ladder. B loves his entry level job, finds meaning in it, wants a frugal life, & spends accordingly. Person A meets person B, they click. They like each other. However A thinks B is mediocre. A lets go. LOVE STORY ENDS.
(4/x)

Scenario 3:

A is in IT (one of the top paid jobs in the country atm). B is in the service sector (which society doesnt reward well) A wants to travel a lot, B has financial limitations. A & B computes travel expenses using a ratio based on their salaries. LOVE STORY WORKS

(5/x)

Are you excited for our December episode of Kairos?
This time we're exploring 🤹🏽‍♂‍Financial stability 🤹🏽‍♂‍

#‍Financialstability

Missed the trailer? Quick recap:
👨🏽Maran, 48, Public Sector Bank Employee
❓Retire or be financially responsible
👴🏽ailing father
👩🏽‍🎓✈️daughter wants to study abroad
✅⏲️Right time for VRS?

Make guilt-free decisions about your future with a customised ithought #financialplan!

💧=🦸🏽
Liquidity = Power
Make a power move in your forties!
Review your investments and create liquidity with what you already have

But Maran is worried about his family😟😟😟
Who will take care of his father?
How will his daughter manage her #education expenses?
Can his wife repay his home #loan?
There's one thing that can lay Maran's financial worries to rest...

$GLNG Golar vende Hygo y GMLP. La transacción libera valor inmediatamente. El stake de Hygo ha sido comprado por 18.6M acciones de $NFE y $50M, mientras que la venta de su MLP $GMLP reporta $78M. Al precio actual de NFE, la transacción equivale $1.28bn vs $1.5bn GLNG market cap

En mi opinión Golar podría haber conseguido mayor valoración a través de la salida a bolsa de Hygo. Sin embargo, acabamos de aumentar notablemente la valoración de Golar de LP. ¿Por qué? Golar estaba atado a Hygo con la IPO ya que tendría un stake del 40% y Stonepeak otro 40%

Golar no podría vender su participación y obtener cash para centrarse en el negocio realmente diferencial, FLNG. A raíz de esta transacción Golar posee un 9% de NFE que creo que venderá en los próximos años para acelerar el negocio core. Además, al mismo tiempo se deshace de GMLP

Cada proyecto nuevo de FLNG aumenta la valoración entre 7-10$ y ahora mismo la mayor barrera para nuevos proyectos es el balance débil de GLNG. El FLNG requiere una fuerte inversión inicial ($700M) que se sustituye por deuda en el momento en que el FLNG se encuentra operativo.

Con los precios actuales de LNG en Asia esperamos Hilli completamente operativo en 2H. Además, con el nuevo cash creemos que Golar puede acelerar los proyectos FLNG en pipeline y anunciar Gimi II en los próximos 12-18 meses. Esto incrementaría el precio objetivo de Golar >35$

I want to announce my candidacy for Tennessee Democratic Party Treasurer.

The reason I am running for this office is because I feel I can add value to the @tndp My financial and budgeting experience as a Certified Public Accountant will be very beneficial to this position. /1

I want the @tndp to be able to easily analyze and disseminate useful information to county parties, candidates and individuals as needed. I feel we need to ramp up our data collection and resources in order to parallel other successful states such as Georgia. /2

Our financial reporting analysis can be geared toward helping us have more information when we go out in the field for voter outreach, help us with donors and also be invaluable in helping build an infrastructure for candidates going forward. /3

I have above average experience with VoteBuilder, which is very similar to auditing software. I know how we can use our financial records and data analysis to help win elections. I cannot promise you that I know everything /4

I can promise you that I will make sure we have effective recording, reporting and analysis that suits our needs in the TNDP.

While I have ideas how to improve, I am also an experienced, successful business person. Implementation has to be considered in every plan. /5

Show me an easier way to make $5000 a month.

This will literally make you $250-$500/hr on weekends depending on your speed and skills.

\\ A Thread \\

Straight to the point.

Go to Instagram.

Filter for 'influencers' (10K to 500K followers).
Do not go for general meme page.

Target the people who have already marketed something on their page & there is no link in their bio.

You found your prospect.

you can pick a niche if you want.

- Fashion
- Food
- Travel
etc.

If they have an option to email them, write a cold email with great first line. @blackhatwizardd & @THETYFRANKEL are the guys you need to study for it.

Bring them on the phone by your email.

Most of these people want to showcase themselves.

Now what is the thing we are selling?

- Landing Page

Convince them that a professional influencer should have a personal branding. This landing page will serve the purpose.

It will be a medium of communication with marketers.

It can showcase your work.

Charge them $1000 for the landing page.

Now you do not know how to create a landing page, you can use Webflow(learn through youtube) drag and drop.

create 10-15 swipe files for your reference. segregate them based on theme.

- Fashion
- Food
- Travel
etc.

From yesterday on @realmoney @WilfredFrost @andrewrsorkin @beckyquick
Jan 14, 2021 | 07:50 AM EST DOUG KASS
The Easy Money Has Been Made in Banks
* The setup into the current reporting period is poor

* With bank stocks elevated, in-line to slightly lower reports, relative to

consensus expectations, could modestly disappoint traders and investors - particularly if my market concerns pan out

* Consider hedging bank stocks or writing calls against positions now

There was near a universal view that bank stocks were unattractive in March-April last

year.

When the ($XLF) was about $21, and I was buying, it was over $31.50 in pre-market trading, one analyst on our site said it was patently foolish to expect a rally in the sector. As to leading the market it was next to unimaginable to that observer.

A well-known

commentator on CNBC said banks were uninvestable because of some vague theory and narrative that they have permanently lost their competitive advantage. (He is now long!)

Others have just wobbled back and forth without any conviction.

I spent months in my Diary, in the media

and in speeches, outlining the merits - both short and long term - of the banking industry and stocks. I am sure, as the stocks traded near their lows, many were fed up with my own theories on the banking industry's attraction.

The rest is history.

Of late, bank stocks have