10-K Diver
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Get a cup of coffee.

In this thread, I'll walk you through how businesses die.

As Charlie Munger says: All I want to know is where I'm going to die, so I'll never go there.

In that spirit, we want to know how companies typically die, so we never take our portfolios there. https://t.co/KSzK4BatIt
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Morning Brew ☕️
"What did it cost?" https://t.co/2Urcw76lUB
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Greg Walsh
RT @WTCM3: reviving old monopoly thread here h/t @BluegrassCap https://t.co/hA30fCzp6n
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Frederik Gieschen
Mark Sellers's speech "So You Want To Be The Next Warren Buffett? How's Your Writing?" is a must read.

"I'm not here to teach you how to be a great investor. I'm here to tell you why very few of you can ever hope to achieve this status." https://t.co/ZepX2nf5Sb
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Kevin G.
RT @kwharrison13: An investment thesis consists of two things: (1) why is this a 'big deal?' And (2) why is a company positioned to take advantage of it.

This week I spent some time laying out what it means to find and understand what trends really are a 'big deal.'

https://t.co/59TVEXEdwE
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Bread Crumbs Research
Longevity of management is usually a characteristic that goes with a successful long-term investment and frequent change is usually reflected in a lack of continuity and/or more deep seated problems.” Marathon Asset Management
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Morning Brew ☕️
trying on the new sweatshirt your grandma knitted for you https://t.co/CGcCaRFQzJ
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Frederik Gieschen
.@B3_MillerValue "Great analysts do not necessarily make great money managers. We are often asked about our investment process but almost never about how we manage our capital.

Money management is critically important to the results one will earn."
https://t.co/49WHkVv8Cv
"Great security analysts (great handicappers) do not necessarily make great money managers. We are often asked about our process and buy and sell disciplines (our handicapping strategies), but almost never about how we manage capital given those strategies." Bill Miller 2003 https://t.co/EqLVy8F5UP - Frederik Gieschen
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Frederik Gieschen
"Much of the time we are “information hoarders,” stockpiling endless amounts of well-intentioned content that only ends up increasing our anxiety." @fortelabs
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Morning Brew ☕️
What ceases to be cool once you turn 25?
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Special Situations 🌐 Newsletter (Jay Singh III)
Shanghai is back in lockdown as variants spread...
https://t.co/C35LhVKLjN
Without exaggeration, the majority of my friends here in #Shanghai are back in lockdown. It feels like it’s all changed very quickly… - Edward Lawrence
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Morning Brew ☕️
POV: My bank account when I say the next round is on me. https://t.co/rohDctdAM7
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