How @OthersideAI founders @mattshumer_ @MilesFeldstein and @JasonKuperberg amassed a 13k waitlist and $2.6m funding after building a demo in 2 hours.

Their product will change how we communicate. 👇🧵

2. OthersideAI was launched in the latter half of 2020 by three college-aged founders—Matt Shumer, Miles Feldstein, and Jason Kuperberg.

The company’s origin story is incredible. 🔥

3. The three founders met at @LaunchPadSYR (the Blackstone LaunchPad & Techstars at Syracuse University). 🎓

The idea for OthersideAI came from an experience CEO Matt Shumer had at his previous startup, Visos.

4. Without a network to tap into, Matt Shumer had to cold email practically anyone he wanted to connect with or pitch. 📧

“I eventually came to the conclusion that I spend too much time writing emails and I tried to figure out a way to use [GPT-2] to cut that time down” -MS

5. WTF is GPT-2? 🤔

Open-source artificial intelligence by OpenAI.

Developers wield the AI to perform certain specific tasks.

In this case, composing emails.

1/ A thread [1/2]about your NHS pensions, tax & the age discrmination “McCloud” case👇

OK this is complicated stuff, Im going to take you through it step by step. But its important, and will affect your pension, so buckle up and pay attention!

Please share & RT/share awareness

2/ To understand “McCloud” let's rewind to yesteryear- you gave a lifetime of public service & (deservingly) got a good “final salary” pension.

Broadly in 1995 (or “legacy”) pension scheme, each year you got 1/80th of your “final salary” as a pension & 3/80th a tax free lump sum

3/ Back in yesteryear, pensions cost 5 or 6% gross salary. For example you worked 37 years & final salary £120k, pension= 37/80ths x £120k=£55,500. You would get this at normal retirement age- 60yrs & it would be index linked to inflation, plus a lump sum (3/80ths) of £166,500

4/ So roll on 2006-08 & government were worried about affordability of the scheme. Life expectancy was increasing so people were in retirement longer. So they made the scheme more expensive & introduced a new “2008” section for new entrants. The 08 scheme removed the lump sum

5/ Existing 95 members had a “choice” to move to ‘08’ scheme. It had a higher retirement age (65) but paid a higher “accrual rate” (60ths not 80ths). Rather than “final salary” (best of last 3 yrs) it was based on a more complicated “reckonable” pay based on best 3/10 yrs pay.

@JonathanTurley suggests the founders would not react so quickly against a president who led an insurrection. Washington led an army of 13,000 people against a small group of farmers who wouldn't pay their taxes on whiskey.

One founder actually did lead an insurrection. His name was Aaron Burr. He was arrested and charged with treason. He walked on technical reasons and was already out of office so impeachment was not the right option, but he ended up in exile for years afterward.

(Beautifully, while in exile Burr lived in a house on Craven Street in London.) Turley also says that Trump's incitement to insurrection was protected speech. This is beyond ludicrous and shows a lack of understanding of the law that would get him kicked out of any law school.

As Justice Oliver Wendell Holmes laid out in his famous ruling on this matter in Schenck v. United States in 1919 in which he said there was no right to falsely shout fire in a crowded theater...

"The question in every case is whether the words used are used in such circumstances and are of such a nature as to create a clear and present danger that they will bring about the substantive evils that Congress has a right to prevent."

Investing in stocks is boring, but it can help in creating wealth for many investors.

Sharing 4 Simple Investment Strategies (sold as a ₹ 50,000 course!).

For guidance, shared screeners for all the strategies also.

Shared a bonus trading strategy at the end.

A thread 🧵:

1/ All Time High Breakout:

Stock that breaks the uptrend are the one that can give massive upmove.
These stocks are considered as strong stocks in the market.

Timeframe should be monthly and if price closes above ATH on any day you can enter.

Example 1:

Bajaj Finance gave a breakout above ATH at around 55 and then it moved up till 5000 levels.

Total returns of 9000% in 10 years.

Simple Strategy, isn't it?

Example 2:

Reliance Chart.

It gave breakout above its All Time High level after 10 years and then never looking back.

Price moved up from 700 to 2600.
Returns of 270% in five years.

How to Follow Stoploss?

Initially keep stoploss at swing low on monthly chart and trail your stoploss accordingly to enjoy massive upmove.

Other ways of Trailing Stoploss can be using 200 EMA or any other indicator.

A potential problem is looming, and the media are pursuing a new story that builds on the following chain of reasoning: 1) higher inflation is coming;2) if CBs increase interest rates debts will explode and recession may ensue; 3) CBs are caught in an impossible dilemma 1/12

It´s perhaps too complex for some tweets, but.. Registered inflation this year is bound to be higher than present forecasts, resulting from one-off price spikes and base effects That will not start a sustained high inflation process, but temporary higher inflation is possible 2/

For example, Euro Area inflation increased suddenly from several months at -0.3% to +0.9% in Jan. This jump resulted mostly from several base effects, especially the change to German VAT. Inflation expectations increasing but higher in the US than in the EA 3/

The major one-off base effect will come from oil prices that decreased abysmally in March 2020 and have recovered. Some estimates put US inflation in April reaching 4%! After vaccinations, later in the year, pent-up consumer demand will also increase prices.4/

Despite the increased spending of accumulated savings, the savings rate will remain higher than before Covid for precautionary reasons (Fig 1). No permanent spending spree will materialise. Wages will remain subdued for a while (Fig2). Higher but not high inflation is coming.5/

How you know you've made it:

You get to stop doing business with assholes.

No asshole clients.

No asshole partners.

No asshole investors.

In the early days, when you're hungry, you have to do what you have to do.

Bend over backwards for customers.

Deal with disrespectful partners.

Take investments from folks who don't have the same vision as you do and bend the terms to their liking.

As you build enough experience and wealth this slowly shifts.

And you can start firing the bad customers.

Breaking up with the bad partners.

And buying out the bad investors.

This is different than F U money.

F U money is the next phase...

It happens a few million later when you become one of the assholes.

Tip:

Get F U money but don't become an asshole.

This transformation happens through leverage.

When we start, we have none. Others have it all.

You have no negotiation power because they have everything YOU need and YOU are a commodity.

After a couple years of ads telling men to do laundry turned out, weirdly, to not boost fertility, Korea is back to financial incentives, which prior research has shown do work but at a very high price.

Korea is adding a $275/month allowance for the first year of a baby's life, increasing the pregnancy medical benefit by $400 or so, and providing an $1800 baby bonus. There's also some unspecified benefits related to leave and high-parity families.

The thing to understand is that these efforts are not *actually* huge. Quoting things in won gives you big numbers so it's easy to lose sight of the fact that we're not talking about enough money to actually offset a large share of wages.

I'm a fan of baby bonuses and first-year benefits. They're probably the most bang for the buck.

But this isn't actually all that many bucks!

These benefits add up to about $5,500 in benefits. A similar program compared to average incomes in the US would be about $8,700.

1/ There are a lot of investment sayings that get repeated by individual & professional investors alike.

One I hear parroted over and over again is a variation of “high stock valuations are fine since interest rates are low”.

But did you ever stop and ask, “Is that true”?

2/ This thread was inspired by a tweet poll I did a few years ago, in which I asked, would you still own stocks if they reached 10-year price to earnings (CAPE) ratio valuation multiples of 50-, or 100-times earnings.

3/ And I was shocked, but most said they would still own stocks at 50, and many (a third!) said they would own them at essentially any price (100).

4/ This had me scratching my head as it sounds totally insane.

Most investors use a value approach when it comes to buying assets like cars, houses, etc.

How long would you spend before buying that new 80-inch TV? (OK maybe less now with @wirecutter)

5/ But time spent to think about investing your life savings?

Many are just willing to clickautoinvest into stocks at any valuation level.

Historically investing in stocks at sky-high multiples is a horrible, terrible, no good idea.

@BylineTimes
1. The £22 billion Test and Trace system had a ‘relatively small’ effect on the R-number, a new evaluation from the Department of Health and Social Care has found.
2. EXCLUSIVE Firm Chaired by Government Procurement Advisor Awarded £38 Million Contract –

Bombs were exploding to expose and take down [D]eep State Swamp Creatures that have been fighting with the Scamdemic and Election Fraud, the RV release and NESARA/ GESARA.

MarkZ reported that Paymasters were told to be back to work on Mon. 28 Dec.

Palantir's 2020 Q4 Earnings call goes live in half an hour.

The waiting room is now up.

In the mean time, you can read their just-filed

Which is essentially just a re-direct to this press

Palantir's Consolidated Statement of Operations is pretty interesting.

They lost more than twice as much money in 2020 ($1.17B) as in 2019 ($580M). Despite a $12.6M tax benefit in 2020 vs. $12.4M tax provision in 2019.

But stonks.

Layman’s explanation to PE Ratio and how it works.
A long thread! Do Bookmark this for patient reading.

#investing #investors #PEratio

1/ PE (Price Earning) ratio is one of the most important metric used by investors to make decisions while picking up stocks. But, more often than not, it is grossly misunderstood.
Let us decode this metric.

2/ Table of contents
•How to decide what to buy?
oCase A: Case A: Fresh Apple vs Stale Apple
oCase B: Costlier Fresh Apple v/s Cheaper Fresh Apple
oCase C: Apple vs Orange
•How to read PE ratio
•How is PE Ratio misunderstood?
•When will PE Ratio not work?

3/ How do you decide, what to buy?
Case A: Fresh Apple vs Stale Apple

You go to a market and buy an apple. You have a choice to make.
Apple ‘A’ is fresh and juicy. Apple ‘B’ is clearly stale. Apple ‘A’ costs you ₹.20 while Apple ‘B’ costs you only ₹.10.

🚨🚨 2021 Stock Picks 🚨🚨

Below are 10 stocks I like heading into 2021.

As a long term investor, I don't aim for 12-month returns.

However, I believe that these stocks are positioned to succeed both in 2021 and beyond.

Not recommendations (do your DD).

// Thread //

🔽

Teladoc Health $TDOC

Trading at less than 15X fwd EV/Sales, far too cheap given TAM and upcoming revenue growth.

Wall St. isn't appreciating Livongo addition - which will change when upcoming quarters reveal numbers.

Ark has been loading the boat... 🤔

🔽

Facebook $FB

Has become a political target, which has kept a leash on the stock.

Political issues a non-worry IMO with investors in a win-win scenario. Spinning off assets would create immense value for investors (Instagram).

Huge presence in VR provides future upside.

🔽

Skillz Inc. $SKLZ

Wall St. currently sees a gaming platform, but hidden underneath is a "pick and shovel" model to monetize mobile games.

Wonderful business economics (95% GM) despite the rawness of the business model.

Little to no competition with a large and growing TAM.

🔽

Roku $ROKU

A winner in 2020 that I think will keep winning.

Powerful industry tailwinds in the streaming space and Roku is a leading beneficiary due to market share.

Additions of HBO Max and Peacock on the platform were late in 2020, so 2021 numbers should see an impact.

🔽

One reason the Left hates Rush so much is that he was so effective at skewering their pretensions to moral and intellectual superiority. He made it okay to laugh at them, to judge the failure of their policies without ritually celebrating their alleged good intentions.

The Review: The festive fixtures - A thread

Hi everyone, welcome to the latest edition of “The Review” where I look at the blanks, doubles and the new fixture rescheduling in detail:

#FPL #FPLCommunity @OfficialFPL

(Data taken from @FFScout and @FFH_HQ with consent)

Before I start, I'd like to make a small request. I post about FPL on my Instagram too, so if you have an Instagram account, follow up here!

Q: How do we tackle the next three GWs?

Given the unfortunate and untimely postponements of last GW, a lot of FPL managers were left deflated. For luck to have the final say was always going to be infuriating – given the amount of planning that goes into...

... each GW, particularly the amount of work being put into all kinds of strategies by FPL managers of late. Just a slight point I’d like to make here, your frustration is only natural but it’s worth noting that a lot of gains are still to be made in the season so try and keep...

... your heads up as we head into the most crucial stage of the season. Last evening, the Premier League announced that Burnley v Man United will be played in GW 18, meaning that Man United and Burnley no longer have any blank coming up. Bruno Fernandes is highly owned, so...

The Cantillon Effect is the most important economic concept you’ve never heard of.

Here's a breakdown of what it is (and why you should care):

1/ Richard Cantillon was an Irish-French economist and philosopher born in the 1680s.

He achieved success as a banker—which he attributed to the formidable connections made through his family and employer.

At a young age, he had learned of the impact of proximity to power...

2/ Around 1730, Cantillon wrote a paper—Essay on the Nature of Commerce in General—which is considered a foundational work in the study of the political economy.

It was widely circulated in manuscript form, though it was not published until 1755, well after his death.

3/ In the paper, Cantillon posited that the early recipients of new money entering an economy will benefit more significantly than those it trickles down to.

In other words, the "flow path" of the new money matters!

4/ In 18th century terms, those closest to the King—the source of money/power—benefitted first when new money entered the economy.

Broadly, Cantillon observed that new money creates distributional effects based on where it enters the system.

The Cantillon Effect was born...

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.