⁠Librarian Capital
FDA database of pre-existing smokeless tobacco product submissions includes 2 entries from "Swidish Match", right after many from $PM Swedish Match, in what is likely a typo (vs. attempt at imitation)
https://t.co/QTKqi3D39K https://t.co/68DslSTePp
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⁠Librarian Capital
Post-event thesis re-write, Philip Morris short edition

Oct-23: "It has been a solid relative and absolute short in my book. $PM always said they feared the FDA"

Aug-24: "I am long $MO, in real size. I am partially hedged w/ a short position in PM" https://t.co/UmomCz5uXw
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⁠Librarian Capital
Our Twitter impressions and enagement statistics (L1Y)

For part of this period we were Premium subscribers and our posts received a boost

Can you really tell which part this was?
Does Premium provide an actual benefit? https://t.co/ywYQMGQdtM
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⁠Hidden Value Gems
RT @HiddenValueGems: Fantastic reminder of the importance of focus in any endeavour.

A 30-yo Nike founder working 6 days as an auditor and weekends, nights and holidays on his startup 👇🏼 https://t.co/Uhz637r6RP

Almost a six-hour flight ahead, how far will I get here? 😉

$NKE https://t.co/Ttq2GlVwup - Hidden Value Gems
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⁠Invest In Assets 📈
10 Incredible Lessons from Investing for Growth that every investor should know 🏆🧵

=THREAD= https://t.co/wE0HCxmDJk
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⁠Finding Compounders
Decoiding ROIC

The best breakdown of ROIC I’ve seen.

Sourced from my newsletter.

The link is in my bio https://t.co/ijlhtwx2id
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⁠Invest In Assets 📈
Timing the market is a losers game: https://t.co/QZ8DBA5NGq
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⁠Hidden Value Gems
Another crazy fact about today’s market concentration:

“53% of the holdings in the Russell 3000 have a weight of 0.00%. More precisely, they have a weight of 0.005% or less, which is rounded down to 0.00%.

If a 0.01% weight can be considered effectively zero, then another 22% of the holdings have a zero weight.

All of this means that 75% of the constituents of the Russell 3000 have zero weight.”

h/t @HorizonKinetics

A thought-provoking piece by @HorizonKinetics on the risks faced by US markets, passive investing and some top ideas:

🧵👇🏼

The US has benefited from BIG, momentous events.

1️⃣ “The first economic miracle for the U.S. was the collapse of the Soviet Union and a hard commodity supply surge.”

1/12 - Hidden Value Gems
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⁠Invest In Assets 📈
RT @InvestInAssets: 30 Visual Investing Lessons 🧵

1. Moats are essential for long-term investors: https://t.co/Co3KJSeCaT
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