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Antonio Linares
RT @holdmybirra: Prox podcast de @10ampro es con 2 pesos pesados para hablar sobre @nvidia @alc2022 (deep dives) y @gerdelgado (team Nvdia) https://t.co/wCIcHaXtgW
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RT @holdmybirra: Prox podcast de @10ampro es con 2 pesos pesados para hablar sobre @nvidia @alc2022 (deep dives) y @gerdelgado (team Nvdia) https://t.co/wCIcHaXtgW
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Offshore
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Hidden Value Gems
There is only one destination for value investors in early May.
Look forward to meeting old friends and making new ones!
#Omaha $BRK.B https://t.co/1nGTOt6zg2
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There is only one destination for value investors in early May.
Look forward to meeting old friends and making new ones!
#Omaha $BRK.B https://t.co/1nGTOt6zg2
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Offshore
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Daniel
10 Mental Models that will level up your Thinking:
1. First Principle Thinking - Rethink the problem from the ground up.
Separate the underlying facts from assumptions made based on them.
2. Second-Order Thinking - Instead of thinking about the immediate consequences, think about the second-level consequences.
3. Inversion - Look at the problem at hand from the endpoint instead of the starting point.
Don't ask: "What do I need to do?"
Ask: "What must I avoid?"
4. Opportunity Costs - Think about the costs that arise because you decide in favor of one option and thus against every other option.
5. Randomness - Keep in mind that there aren't always cause-effect relationships.
Lots of stuff is random.
6. Leverage - “Give me a lever long enough, and I shall move the world.” - Archimedes
7. Margin of Safety - Assume that your assumptions can be wrong and plan with a safety margin.
8. Occam's Razor - Always start with the simplest explanation, the one based on the least assumptions.
Then move to the other explanations if wrong.
9. Law of Diminishing Returns - Up to a certain point, additional units offer more value.
But there's a turning point where additional units offer less and less value, and costs rise.
10. Niches - Specializing is an effective way to success. Use it and choose a niche where you become an expert.
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10 Mental Models that will level up your Thinking:
1. First Principle Thinking - Rethink the problem from the ground up.
Separate the underlying facts from assumptions made based on them.
2. Second-Order Thinking - Instead of thinking about the immediate consequences, think about the second-level consequences.
3. Inversion - Look at the problem at hand from the endpoint instead of the starting point.
Don't ask: "What do I need to do?"
Ask: "What must I avoid?"
4. Opportunity Costs - Think about the costs that arise because you decide in favor of one option and thus against every other option.
5. Randomness - Keep in mind that there aren't always cause-effect relationships.
Lots of stuff is random.
6. Leverage - “Give me a lever long enough, and I shall move the world.” - Archimedes
7. Margin of Safety - Assume that your assumptions can be wrong and plan with a safety margin.
8. Occam's Razor - Always start with the simplest explanation, the one based on the least assumptions.
Then move to the other explanations if wrong.
9. Law of Diminishing Returns - Up to a certain point, additional units offer more value.
But there's a turning point where additional units offer less and less value, and costs rise.
10. Niches - Specializing is an effective way to success. Use it and choose a niche where you become an expert.
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Offshore
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Antonio Linares
$TSLA stock has gone nowhere since 2020, but the cars now drive themselves. https://t.co/Uf8I0bnTDj
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$TSLA stock has gone nowhere since 2020, but the cars now drive themselves. https://t.co/Uf8I0bnTDj
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The Long Investor
$MSFT finished at $389 yesterday, just shy of making a lower low below $388.
Losing this level and the market will be under pressure.
I can’t see how it holds
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$MSFT finished at $389 yesterday, just shy of making a lower low below $388.
Losing this level and the market will be under pressure.
I can’t see how it holds
If $MSFT makes a new low below $388
Market correction has a high probability of following down next too. tweet
X (formerly Twitter)
The Long Investor (@TheLongInvest) on X
If $MSFT makes a new low below $388
Market correction has a high probability of following down next too.
Market correction has a high probability of following down next too.
Offshore
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The Long Investor
$BTC the comments under this chart from the middle of March 😂
I brought you up and I said I’d guide you down
Once the pull back is complete, $BTC moves higher again.
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$BTC the comments under this chart from the middle of March 😂
I brought you up and I said I’d guide you down
Once the pull back is complete, $BTC moves higher again.
$BTC I brought you up from $19,000 to $73,000
Now I'll bring you down.
This pull back is an opportunity, when this ABC correction is complete, $BTC will start its next aggressive move up. https://t.co/7zGJoZ1ZFV tweet
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The Institutional Limited Partner
RT @BoringBiz_: Private equity secondaries growing at a 17% CAGR from 2016 to 2023
For those unfamiliar, secondaries are a way to realize returns in illiquid asset classes such as private equity
There are primarily two types of secondary transactions
> GP Led Secondaries
Scenario: you have owned a fantastic company in your portfolio for 5 years and the fund life is coming to an end. Your LPs are asking for their money back but you know that holding on to this company for another 5 years is going to produce even more incredible returns
In a General Partner Led Secondary, the investor transfers an asset from one fund to a continuation vehicle that holds the asset
The continuation vehicle is a fund that is solely dedicated to holding just the asset
By doing this, the investor is retaining a stake or control of the company while also being able to recognize returns for his LPs
Existing LPs might also have the option to roll over their existing stake in the asset into the new continuation vehicle
> LP Led Secondaries
Scenario: you are an LP in a private equity fund that holds a lot of great assets. The fund life is 7 years. It is currently year 3 but you need liquidity today. You know the asset values inside this fund have appreciated so you go and look for a buyer that can buy a portion of your stake
LP led secondaries allow LPs to sell a stake in the private equity fund, essentially gaining liquidity in an otherwise illiquid market (private equity)
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RT @BoringBiz_: Private equity secondaries growing at a 17% CAGR from 2016 to 2023
For those unfamiliar, secondaries are a way to realize returns in illiquid asset classes such as private equity
There are primarily two types of secondary transactions
> GP Led Secondaries
Scenario: you have owned a fantastic company in your portfolio for 5 years and the fund life is coming to an end. Your LPs are asking for their money back but you know that holding on to this company for another 5 years is going to produce even more incredible returns
In a General Partner Led Secondary, the investor transfers an asset from one fund to a continuation vehicle that holds the asset
The continuation vehicle is a fund that is solely dedicated to holding just the asset
By doing this, the investor is retaining a stake or control of the company while also being able to recognize returns for his LPs
Existing LPs might also have the option to roll over their existing stake in the asset into the new continuation vehicle
> LP Led Secondaries
Scenario: you are an LP in a private equity fund that holds a lot of great assets. The fund life is 7 years. It is currently year 3 but you need liquidity today. You know the asset values inside this fund have appreciated so you go and look for a buyer that can buy a portion of your stake
LP led secondaries allow LPs to sell a stake in the private equity fund, essentially gaining liquidity in an otherwise illiquid market (private equity)
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Offshore
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Q-Cap
Me taking my kid to the local Dave and Buster to place some chips https://t.co/MNqTHMdpbx
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Me taking my kid to the local Dave and Buster to place some chips https://t.co/MNqTHMdpbx
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Offshore
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Offshore
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