The 🔟 Most Important Money Lessons

I Wish I Could Teach My Younger Self 🧵

I asked, “What are the first metrics that you look at when evaluating a new stock?”

I received 322 replies

Here are 10 great metrics to look at first (and how to find them):

1/ Market Capitalization

Why: Shows the current size/scale of the business

Where: @YahooFinance (image), @theTIKR , @KoyfinCharts ...etc

2/ Sales Growth Rate

Why: Shows the business model works & current growth rate

Where: @stockcardhq (image), SEC filings, @theTIKR...etc

3/ Free Cash Flow

Why: Is business generating cash or burning cash?

Where: @YahooFinance (image), SEC Filings, @stockrow1...etc

4/ Returns on capital (ROE, ROIC, ROA)

Why: Shows capital efficiency of business

Where: @stockrow1 (image) , @ycharts , @YahooFinance...etc

I asked, “What book do you re-read the most?”

I received 441 replies

Here are 20 books that should be read again and again:

1/

7 Habits of Highly Effective People

by Steven Covey

2/

A Short History of Nearly Everything

by Bill Bryson

3/

As A Man Thinketh

by James Allen

4/

Atomic Habits

by @JamesClear

What are the first metrics that you look at when evaluating a new stock?

Make them irrelevant > Hold a grudge

Holding a grudge is the easy thing to do.

But holding a grudge is not the right thing to do.

A grudge puts poison in your body & rewires your subconscious mind.

You consume the poison & destroy your reality while your attacker sleeps like a baby.

How Reading Helped My Career

 In 2013, a joint venture Israeli/South African company was looking to make a foray into Nigeria. They wanted to set up an outlet in Lagos after conducting their feasibility studies and they needed a Nigerian financial institution to partner with.

Somehow, i was given their contacts and we agreed to meet with our teams from both sides at Victoria Island. 

I got my team together- about 8 of them- people in e-business, IT and other units that I know will have one thing or the other to do with this company.

I wanted to conclude in just one meeting. As the South African MD and his Israeli partner walked into my office where we were all seated and I stood up to exchange pleasantries with both of them, his eye went to the book on my table. 'Oh, you're reading Tipping Point?', he asked.

I was reading Tipping Point by Malcolm Gladwell that week and I had the book on my desk in the office. I usually have the books I'm reading either in my car or on my desk. I replied in the affirmative.

He asked for other books of Malcolm Gladwell that I've read and I mentioned Outliers-The Story of Success and What The Dog Saw. He asked for my best among the books and I mentioned Outliers. His best was Tipping Point.

@epballou @AutSciPerson I have to say, all this info about sound sensitivity is making me emotional. I've never been able to talk about this. I can work around airplanes, no protection (did it for years), but if I'm caught near a city fireworks show I lose my mind. The fear and pain is indescribable.

I tell people one of my biggest fears is balloons, and obviously it's funny to imagine, until they see me have a psychotic break when one pops. I lose myself and it's terrifying. I don't know what it is about loud sudden sounds that hurts me, and it appears I'll never know.

I dread the 4th of July every year. My birthday parties were often held then. Recently I discovered if I wear earbuds and blast music with audio PPE on top I can stand to be outside. That first show where I could keep my hands free I held my best friend's hand and felt wondrous.

I'm crying just remembering discovering I could be happy underneath fireworks. I'll never understand why my parents didn't think to ever try to help me, and instead made me suffer for so long, feeling absolutely alone with this. Only once do I remember my mother comforting me.

It was a particularly bad year, a lot of college kids I think renting nearby camps, and I hid under my bed for hours. My mother came up and laid on my bed, dangled her hand down to show she was there, and sang to me. I was 15.

Let’s talk about hope & despair.

[THREAD]

Crank this up for the

1/ One of the more memorable—and frightening—lines from “Nineteen Eighty-Four” reads: “If you want a picture of the future, imagine a boot stamping on a human face— forever.” In Orwell’s dystopia, resistance is futile. Big Brother wins, inevitably.

2/ I refuse to believe this applies to the USA in 2021. I won’t have it. I don’t care how much dirty money mobster spy psy-op disinformation data manipulation corporate MAGA Christofascist QAnon Fox News weapons these fuckers have in their arsenal. WE shall prevail. Not them.

3/ Is this second impeachment infuriating? Yes. Are Trump’s lawyers and his GOP lickspittles gaslighting us yet again? Yes. Does that mean that all hope is lost? Hell no.

4/ I’m hearing this w/r/t impeachment: “’Mueller is coming’ didn’t work out so well.” Can we parse that for a minute? Yes, we wanted Mueller to arrest ALL of them, and he didn’t—because he couldn’t. Rosenstein didn’t allow him to follow the money. Barr cockblocked the Report.