The 🔟 Most Important Money Lessons

I Wish I Could Teach My Younger Self 🧵

I own 7 stocks that are 15+ baggers (and counting)

Here are 10 traits they all have in common:

The data:

Stock / # of bags / purchase year:

$AMZN / 15+ / 2010
$FB / 15+ / 2012
$GOOG / 15+ / 2009
$MELI / 15+ / 2011
$CMG / 20+ / 2012
$NFLX / 60+ / 2010
$TSLA / 60+ / 2012

1: Founder-led

$AMZN - Bezos
$CMG - Ells
$FB- Zuck
$GOOG - Page
$MELI- Galperin
$NFLX - Hastings
$TSLA - Musk

Founders tend to be:
+Detail oriented
+Innovative
+Mission driven
+Think long-term
+Have skin/soul in the game

Look for founders!

2: Consumer-facing

All of these companies attract millions/billions of consumers

This eliminates customer concentration risk and enables long-term brand building

3: High sales growth

All of these companies were growing revenue 20%+ BEFORE I bought them

Sales growth is the engine that drives profit growth

Profit growth is the engine that drives stock appreciation

Find companies that can grow sales 20%+ for decades

I asked, “What company is worth less than $10 billion today but you think could be worth $500+ billion in a few decades?”

I received 710 answers

Here are 20 top stocks that have 50x+ potential:

1: Alteryx - $AYX

Market cap: $5.1 billion

What it does: Big data analytics

2: Boston Omaha - $BOMN

Market Cap: $900 million

What it does: Berkshire Hathaway 2.0

3: Beyond Meat - $BYND

Market Cap: $7.9 billion

What it does: Plant-based meat

4: Desktop Metals - $DM

Market Cap: $2.3 billion

What it does: 3D Printing

Accounting is the language of business.

If you buy stocks, you MUST learn how to read a Cash Flow Statement.

Here’s everything you need to know:

The cash flow statement shows how cash moves in and out of a company over a period of time.

The most common time periods are:
▪️1 Quarter
▪️1 Year
▪️Year-to-date (usually 6 or 9 months)

The time period is at the top. Here's $NFLX recent cash flow statement time period.

Some companies show the cash flow statement in their earnings press release, but many don’t.

You can find the cash flow statement by looking at:
▪️10-Q (Quarterly Report)
▪️10-K (Annual Report)
▪️Fnancial aggregators such as @theTIKR,
@CMLviz, @themotleyfool, @YahooFinance

There are three main segments to a cash flow statement.

1. Operating Activities
2. Investing Activities
3. Financing Activities

Companies get some leeway with how they breakout each segment, but they all follow this basic structure.

Let’s start with Operating Activities.

This segment STARTS with net income (the bottom number of the Income Statement).

It shows cash movements from all normal operational business activities.

In the passion economy, the real risk is that your job has to earn a living and meet the needs of your soul.

Six questions to consider if you’re thinking of leaving your job to pursue your passion.

A thread 👇🏽

1/ Will you use this opportunity to grow and evolve or will you use it to beat yourself up?  

The best way to control your emotional capital is to fine tune your internal monologue and replace your hunger for approval with a desire to grow.

2/ How will you avoid insecurity work? 

Insecurity work doesn't move the ball forward, but you can do it multiple times a day without realizing.

Deep work requires being unencumbered by the day to day.

Your objective is to ride the waves of your business with serenity.

3/ Can you learn to enjoy the process as the end in itself?

You have to fight the temptation to strip the future of its surprises.

4/ Will you default to the norms of your industry, or will you be original? 

Your business exists in the context of a marketplace, but also in the context of your life.

You have to be willing to overcome the defaults and orient your business around the things that define you.

I'm just back for a COMPLETELY NECESSARY trip to a supermarket.

And... something dramatic happened.

So, okay, looks like we're going to have a little bit of a THREAD.

Buckle up for an unbelievable anecdote that gets to the heart of London life in this nightmarish pandemic.

(I won't name the supermarket, NOT because I don't want to shame the members of staff [I will be doing that privately by reporting their actions to the police later today - as soon as I've finished tweeting this thread], but because I don't want to give them free advertising.)

Okay, right. I'm still shaking so I'm struggling to write this out. I've opened a bottle of Campo Viejo Rioja (an underrated affordable offering which is currently on special offer at Tesco) to steady my nerves. No shame in that.

So. Yes. I was walking down the dairy aisle...

I saw a northerner.

(apologies for the delay, I'm on the phone to an upset friend - her husband of 15 years has just confessed to an affair with her own sister. It's not really the sort of situation where you can say, "Excuse me Julie, awfully sorry but I'm writing an incredible thread on twitter!")

The most interesting people defy categorization

Live an interesting enough life, and you’ll never be easy to describe

Just because.

Here's an interesting story about a man you've almost certainly heard of, think you know stuff about, but probably weren't taught any of the good, funny, ludicrous stuff that makes it really interesting.

It's long. You might hate it. I'll take that chance...

In 1588, Spain launched a huge fleet with the aim of overthrowing Elizabeth I and conquering England (sorry Britain, I'm taking about the "it's still just England" era).

At least in part, they did this to stop our pirates from being such a monumental pain in their arse...

As the 130 Spanish ships approached our coast, the English packed our most ancient and decrepit boats with junk, set them on fire, and shoved them into the Spanish lines.

The Armada scattered, and the weather took care of the rest, driving them towards the Dutch coast...

Thus, the great military achievement of the Elizabethan era was settled by a combination of a typical English summer, and an aquatic bin fire.

But somebody had to come out of it a hero, and that somebody was Sir Francis Drake...

The things you know about Drake are practically all false: he didn’t finish his game of bowls before being bothered to defeat the Spanish – that story didn’t appear until some 40 years after the events, and bad weather kept in in Plymouth: not fannying around with ball games...

These 10 Truths Will Jog Your Mind.

It's been 24 months of learning, to be honest, I never knew this side of Twitter, until October,

A friend told me about it, gave me every encouragement I needed.

It has been an amazing journey to 100, Thank you.

1. Choices- what you and work towards always works. If you work so hard in a company, you get motivated. Same case to life, what you choose to work towards consistently, no matter how stupid it is WILL ALWAYS work.

2. You must be pushed hard to the wall to save yourself- the only reason why you are afraid of going an extra mile is because your condition isn't pathetic enough. If it's pathetic enough, you'll find ways to save yourself.

3. Nothing is really special- Go a few days without talking to some people. You'll see how they easily forget, you'll also forget. Aim at doing what matters. Don't attach your happiness to anyone or anything.