Offshore
e: Well before ChatGPT broke into the public consciousness, IBM's Deep Blue was making a splash playing chess, and beating some of the world's greatest chess players. Deep Blue's strength at chess came from the fact that it had access to every chess game ever…
undreds of thousands of tourists before me, I marveled at the beauty of the Duomo, one of the largest free-standing domes in the world, at the time of its construction.
<picturehttps://substackcdn.com/image/fetch/w_1456,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F7947c994-cb3d-4472-b3c7-67edeb9fb745_1720x1068.heic
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The Duomo built by Filippo Brunelleschi, an artist who taught himself enough engineering and construction to be able to build the dome, and he was carrying on a tradition of others during that period whose interests and knowledge spanned multiple disciplines. In a postright after the visit, I argued that the world needed more Renaissance men (and women), individuals who can operate across multiple disciplines, and with AI looming as a threat, I feel even more strongly about this need. A Leonardo Da Vinci Bot may be able to match the master in one of his many dimensions (painter, sculptor, scientist), but can it span all of them? I don't think so!
2.
Practice bounded story telling: Starting about a decade ago, I drew attention to a contradiction at the heart of valuation practice, where as access to data and more powerful models has increased, in the last few decades, the quality of valuations has actually become worse. I argued that one reason for that depletion in quality is that valuations have become much too mechanical, exercises in financial modeling, rather than assessments of business quality and value. I went on to make the case that good valuations are bridges between stories and numbers, and wrote a book on the topic:
<picturehttps://substackcdn.com/image/fetch/w_1456,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Feb548574-f237-4c41-b51d-e975d60beb19_1226x568.heic
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At the time of the book's publication, I wrote a post on why I think stories make valuations richer and better, and with the AI threat looming, connecting stories to numbers comes with a bonus. If your valuation is all about extrapolating historical data on a spreadsheet, AI can do it quicker, and with far fewer errors than you can. If, however, your valuation is built around a business story, where you have considered the soft data (management quality, the barriers to entry), AI will have a tougher time replicating what you do.
3.
Exercise your reasoning muscle: I have never been good at reading physical maps, and I must confess that I have completely lost even my rudimentary map reading skills, having become dependent on GPS to get to where I need to go. While this inability to read maps may not make or break me, there are other skills that we have has human beings, where letting machines step in and help us, because of convenience and speed, will have much worse long term consequences. In an interview I did on teaching a few years, I call[...]
<picturehttps://substackcdn.com/image/fetch/w_1456,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F7947c994-cb3d-4472-b3c7-67edeb9fb745_1720x1068.heic
<svg<polyline<polyline<line<line
The Duomo built by Filippo Brunelleschi, an artist who taught himself enough engineering and construction to be able to build the dome, and he was carrying on a tradition of others during that period whose interests and knowledge spanned multiple disciplines. In a postright after the visit, I argued that the world needed more Renaissance men (and women), individuals who can operate across multiple disciplines, and with AI looming as a threat, I feel even more strongly about this need. A Leonardo Da Vinci Bot may be able to match the master in one of his many dimensions (painter, sculptor, scientist), but can it span all of them? I don't think so!
2.
Practice bounded story telling: Starting about a decade ago, I drew attention to a contradiction at the heart of valuation practice, where as access to data and more powerful models has increased, in the last few decades, the quality of valuations has actually become worse. I argued that one reason for that depletion in quality is that valuations have become much too mechanical, exercises in financial modeling, rather than assessments of business quality and value. I went on to make the case that good valuations are bridges between stories and numbers, and wrote a book on the topic:
<picturehttps://substackcdn.com/image/fetch/w_1456,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Feb548574-f237-4c41-b51d-e975d60beb19_1226x568.heic
<svg<polyline<polyline<line<line
At the time of the book's publication, I wrote a post on why I think stories make valuations richer and better, and with the AI threat looming, connecting stories to numbers comes with a bonus. If your valuation is all about extrapolating historical data on a spreadsheet, AI can do it quicker, and with far fewer errors than you can. If, however, your valuation is built around a business story, where you have considered the soft data (management quality, the barriers to entry), AI will have a tougher time replicating what you do.
3.
Exercise your reasoning muscle: I have never been good at reading physical maps, and I must confess that I have completely lost even my rudimentary map reading skills, having become dependent on GPS to get to where I need to go. While this inability to read maps may not make or break me, there are other skills that we have has human beings, where letting machines step in and help us, because of convenience and speed, will have much worse long term consequences. In an interview I did on teaching a few years, I call[...]
Offshore
undreds of thousands of tourists before me, I marveled at the beauty of the Duomo, one of the largest free-standing domes in the world, at the time of its construction. <picturehttps://substackcdn.com/image/fetch/w_1456,c_limit,f_auto,q_auto:good,fl_pro…
ed attention to the "Google Search" curse, where when faced with a question, we often are quick to look up the answer online, rather than try to work out the answer. While that is benign, if you are looking up answers to trivia, it can be malignant, when used to answer questions that we should be reasoning out answers to, on our own. That reasoning may take longer, and sometimes even lead you to the wrong answers, but it is a learned skill, and one that I am afraid that we risk losing, if we let it languish. You may think that I am overreacting, but evolution has removed skill sets that we used to use as human beings, when we stopped using or needing them, and reasoning may be next on the list.
4.
Let your mind wander: An empty mind may the devil's workshop, at least according to puritans, but it is also the birthplace for creativity. I have always marveled at the capacity that we have as human beings to connect unrelated thoughts and occurrences, to come up with marvelous insights. Like Archimedes in his bath and Galileo under the apple tree, we too can make discoveries, albeit much weighty ones, from our own ruminations. Again, making this personal, two of my favorite posts had their roots in unrelated activities. The first one, Snowmen and Shovels, emerged while I was shoveling snow after a blizzard about a decade ago, and as I and my adult neighbors struggled dourly with the heavy snow, our kids were out building snowmen, and laughing. I thought of a market analogy, where the same shock (snowstorm) evokes both misery (from some investors) and joy (on the part of others), and used it to contest value with growth investing. The second post, written more recently, came together while I walked my dog, and pondered how earthquakes in Iceland, a data leak at a genetics company and climate change affected value, and that became a more general discourse on how human beings respond (not well) to the possibility of catastrophes.
It is disconcerting that on every one of these four fronts, progress has made it more difficult rather than less so, to practice. In fact, if you were a conspiracy theorist, you could spin a story of technology companies conspiring to deliver us products, often free and convenient to use, that make us more specialized, more one dimensional and less reason-based, that consume our free time. This may be delusional on my part, but if want to keep the Damodaran Bot at bay, and I take these lessons to heart, I should continue to be a dabbler in all that interests me, work on my weak side (which is story telling), try reasoning my way to answers before looking them up online and take my dog for more walks (without my phone accompanying me).
Beat your bot!
I am in an unusual position, insofar as my life’s work is in the public domain, and I have a bot with my name on it not only tracking all of that work, but also shadowing me on any new work that I do. In short, my AI threat is here, and I don’t have the choice of denying its existence or downplaying what it can do. Your work may not be public, and you may not have a bot with your name on it, but it behooves you to act like there is one that tracks you at your job. As you consider how best to respond, there are three strategies you can try:
1.
Be secretive about what you do: My bot has learned how I think and what I do because everything I do is public - on my blog, on YouTube and in my recorded classes. I know that some of you may argue that I have facilitated my own disruption, and that being more secretive with my work would have kept my bot at bay. As a teacher, I neither want that secrecy, nor do I think it is feasible, but your work may lend itself better to this strategy. There are two reasons to be wary, though. The first is that if others do what you do, an AI entity can still imitate you,[...]
4.
Let your mind wander: An empty mind may the devil's workshop, at least according to puritans, but it is also the birthplace for creativity. I have always marveled at the capacity that we have as human beings to connect unrelated thoughts and occurrences, to come up with marvelous insights. Like Archimedes in his bath and Galileo under the apple tree, we too can make discoveries, albeit much weighty ones, from our own ruminations. Again, making this personal, two of my favorite posts had their roots in unrelated activities. The first one, Snowmen and Shovels, emerged while I was shoveling snow after a blizzard about a decade ago, and as I and my adult neighbors struggled dourly with the heavy snow, our kids were out building snowmen, and laughing. I thought of a market analogy, where the same shock (snowstorm) evokes both misery (from some investors) and joy (on the part of others), and used it to contest value with growth investing. The second post, written more recently, came together while I walked my dog, and pondered how earthquakes in Iceland, a data leak at a genetics company and climate change affected value, and that became a more general discourse on how human beings respond (not well) to the possibility of catastrophes.
It is disconcerting that on every one of these four fronts, progress has made it more difficult rather than less so, to practice. In fact, if you were a conspiracy theorist, you could spin a story of technology companies conspiring to deliver us products, often free and convenient to use, that make us more specialized, more one dimensional and less reason-based, that consume our free time. This may be delusional on my part, but if want to keep the Damodaran Bot at bay, and I take these lessons to heart, I should continue to be a dabbler in all that interests me, work on my weak side (which is story telling), try reasoning my way to answers before looking them up online and take my dog for more walks (without my phone accompanying me).
Beat your bot!
I am in an unusual position, insofar as my life’s work is in the public domain, and I have a bot with my name on it not only tracking all of that work, but also shadowing me on any new work that I do. In short, my AI threat is here, and I don’t have the choice of denying its existence or downplaying what it can do. Your work may not be public, and you may not have a bot with your name on it, but it behooves you to act like there is one that tracks you at your job. As you consider how best to respond, there are three strategies you can try:
1.
Be secretive about what you do: My bot has learned how I think and what I do because everything I do is public - on my blog, on YouTube and in my recorded classes. I know that some of you may argue that I have facilitated my own disruption, and that being more secretive with my work would have kept my bot at bay. As a teacher, I neither want that secrecy, nor do I think it is feasible, but your work may lend itself better to this strategy. There are two reasons to be wary, though. The first is that if others do what you do, an AI entity can still imitate you,[...]
Offshore
ed attention to the "Google Search" curse, where when faced with a question, we often are quick to look up the answer online, rather than try to work out the answer. While that is benign, if you are looking up answers to trivia, it can be malignant, when used…
making it unlikely that you will escape unscathed. The second is that your actions may give away your methods and work process, and AI can thus reverse engineer what you do, and replicate it. Active investing, where portfolio managers claim to use secret sauces to find good investments, can be replicated at relatively low cost, if we can observe what these managers buy and sell. There is a good reason why ETFs have taken away market share from fund managers.
2.
Get system protection: I have bought and sold houses multiple times in my lifetime, and it is not only a process that is filled with intermediaries (lawyers, realtors, title deed checkers), all of whom get a slice from the deal, but one where you wonder what they all do in return for their fees. The answer often is not rooted in logic, but in the process, where the system (legal, real estate) requires these intermediaries to be there for the house ownership to transfer. This system protection for incumbents is not just restricted to real estate, and cuts across almost every aspect of our lives, and it creates barriers to disruption. Thus, even if AI can replicate what appraisers do, at close to no cost, I will wager that courts and accounting rule writers will be persuaded by the appraisal ecosystem that the only acceptable appraisals can come from human appraisers.
3.
Build your moat: In business, companies with large, sustainable competitive advantages are viewed as having moats that are difficult to competitors to breach, and are thus more valuable. That same idea applies at the personal level, especially as you look at the possibility of AI replacing you. It is your job, and mine, to think of the moats that we can erect (or already have) that will make it more difficult for our bots to replace us. As to what those moats might be, I cannot answer for you, but the last section lays out my thinking on what I need to do to stay a step ahead.
Needless to say, I am a work in progress, even at this stage of my life, and rather than complain or worry about my bot replacing me, I will work on staying ahead. It is entirely possible that I am embarking on an impossible mission, but I will keep you posted on my progress (or absence of it). Of course, my bot can get so much better at what I do than I am, in which case, this blog may very well be written and maintained by it, and you will never know!
YouTube Video
Blog Posts (referenced)
1.
Investing and Valuation: Lessons from the Renaissance
2.
Stories and Numbers: How a number cruncher learned story telling!
3.
The Google Search Curse (my interview)
4.
Snowmen and Shovels: Lessons on Investing
5.
Catastrophic Risk: Investing and Business Implications
2.
Get system protection: I have bought and sold houses multiple times in my lifetime, and it is not only a process that is filled with intermediaries (lawyers, realtors, title deed checkers), all of whom get a slice from the deal, but one where you wonder what they all do in return for their fees. The answer often is not rooted in logic, but in the process, where the system (legal, real estate) requires these intermediaries to be there for the house ownership to transfer. This system protection for incumbents is not just restricted to real estate, and cuts across almost every aspect of our lives, and it creates barriers to disruption. Thus, even if AI can replicate what appraisers do, at close to no cost, I will wager that courts and accounting rule writers will be persuaded by the appraisal ecosystem that the only acceptable appraisals can come from human appraisers.
3.
Build your moat: In business, companies with large, sustainable competitive advantages are viewed as having moats that are difficult to competitors to breach, and are thus more valuable. That same idea applies at the personal level, especially as you look at the possibility of AI replacing you. It is your job, and mine, to think of the moats that we can erect (or already have) that will make it more difficult for our bots to replace us. As to what those moats might be, I cannot answer for you, but the last section lays out my thinking on what I need to do to stay a step ahead.
Needless to say, I am a work in progress, even at this stage of my life, and rather than complain or worry about my bot replacing me, I will work on staying ahead. It is entirely possible that I am embarking on an impossible mission, but I will keep you posted on my progress (or absence of it). Of course, my bot can get so much better at what I do than I am, in which case, this blog may very well be written and maintained by it, and you will never know!
YouTube Video
Blog Posts (referenced)
1.
Investing and Valuation: Lessons from the Renaissance
2.
Stories and Numbers: How a number cruncher learned story telling!
3.
The Google Search Curse (my interview)
4.
Snowmen and Shovels: Lessons on Investing
5.
Catastrophic Risk: Investing and Business Implications
Offshore
Photo
Bourbon Capital
$CRWD Crowdstrike earnings:
EPS $1.04 vs est $0.97
Revenue $963M vs est $958M
EPS is up 40% YoY🟢
Revenue is up 31% YoY🟢
Subscription: up 33% YoY
2024 July: $918M
2023 July: $689M
I don't trust this company, and I won't touch anything until Q3. The subscription hasn't been affected, which I think we are going to see in Q3
tweet
$CRWD Crowdstrike earnings:
EPS $1.04 vs est $0.97
Revenue $963M vs est $958M
EPS is up 40% YoY🟢
Revenue is up 31% YoY🟢
Subscription: up 33% YoY
2024 July: $918M
2023 July: $689M
I don't trust this company, and I won't touch anything until Q3. The subscription hasn't been affected, which I think we are going to see in Q3
tweet
Offshore
Photo
Bourbon Capital
Mason Hawkins - Longleaf Partners bought 686K shares of $PYPL
Finally someone is adding $PYPL https://t.co/O4kdnM5zz9
tweet
Mason Hawkins - Longleaf Partners bought 686K shares of $PYPL
Finally someone is adding $PYPL https://t.co/O4kdnM5zz9
tweet
Bourbon Capital
Buying before earnings is gambling $NVDA is down -7.34%🔴
tweet
Buying before earnings is gambling $NVDA is down -7.34%🔴
Buying before earnings is gambling, but buying $NVDA the day before earnings is a whole new level. tweet
twitter.com
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Offshore
Photo
Bourbon Capital
Tomorrow Earnings:
Before Open
$CM Canandian Imperial Bank
$DG Dollar General
$BBY Best Buy Co
$BURL Burlington Stores
$CPB Campbell Soup Company
$BIRK Birkenstock Holding
$OLLI Ollie's Bargain Outlet
$AEO American Eagle Outfitters
$GMS GMS Inc
After Close
$LULU Lululemon Athletica
$DELL Dell Technologies
$MRVL Marvell Technology
$ADSK Autodesk
$ULTA Ulta Beauty
$MDB MongoDB
$ESTC Elastic
$HCP HashiCorp
tweet
Tomorrow Earnings:
Before Open
$CM Canandian Imperial Bank
$DG Dollar General
$BBY Best Buy Co
$BURL Burlington Stores
$CPB Campbell Soup Company
$BIRK Birkenstock Holding
$OLLI Ollie's Bargain Outlet
$AEO American Eagle Outfitters
$GMS GMS Inc
After Close
$LULU Lululemon Athletica
$DELL Dell Technologies
$MRVL Marvell Technology
$ADSK Autodesk
$ULTA Ulta Beauty
$MDB MongoDB
$ESTC Elastic
$HCP HashiCorp
tweet
Offshore
Photo
Quality Investing with Aria
RPO over at $CRM grew just shy of 15%
Love to see it, this is a proxy for future revenue growth as this indicates the revenue in the pipeline
Massively outpacing current revenue growth, my spidey-senses tell me the lack-luster 7-8% current rev growth will re-accelerate 🤔 https://t.co/4CczCEyIUX
tweet
RPO over at $CRM grew just shy of 15%
Love to see it, this is a proxy for future revenue growth as this indicates the revenue in the pipeline
Massively outpacing current revenue growth, my spidey-senses tell me the lack-luster 7-8% current rev growth will re-accelerate 🤔 https://t.co/4CczCEyIUX
tweet
AkhenOsiris
$NVDA
Similar to past qtrs, Jensen will do exclusive interview with Bloomberg at 630pm ET to try and sell us on the long AI runway youtube.com/watch?v=pcuwZ8zk…
tweet
$NVDA
Similar to past qtrs, Jensen will do exclusive interview with Bloomberg at 630pm ET to try and sell us on the long AI runway youtube.com/watch?v=pcuwZ8zk…
tweet
AkhenOsiris
Pythia can edit his tweet to say he 'sold' semis and that's the way we make sure we are always right. Well done Pyth 🔥
tweet
Pythia can edit his tweet to say he 'sold' semis and that's the way we make sure we are always right. Well done Pyth 🔥
I bought semis ahead of $Nvda I am ready to be slaughtered - Pythia Capital, Baroness of Svamplandtweet
AkhenOsiris
Awesome, against those insane comps, negative growth averted until CY2026
tweet
Awesome, against those insane comps, negative growth averted until CY2026
Nvidia CEO Jenen Huang says he expects the company's data center revenue to grow "quite significantly" next year. @YahooFinance - Daniel Howleytweet
Offshore
Photo
Matt McGarry
There are 40 spots left for early bird pricing this cohort!
Enroll below:"
ANNOUNCEMENT: How to build a personal monopoly.
Would you rather have 100,000 email newsletter subscribers?
OR
1,000,000 Twitter followers?
I would take the email subscribers any day.
That seems crazy. But let me explain why...
The best businesses are impenetrable to competitors.
They have what Warren Buffett calls a “moat”:
- Nobody can dictate how they operate.
- They are invulnerable to competition.
- They have a captive customer base.
Social platforms are the opposite:
There's always an algorithm filtering your content from your audience.
Even if you have an audience of 1M followers, posts may only be seen by 5,000 them.
You’re constantly fighting competitors. Millions of people post similar things to you daily, and if their posts win in the algorithm, you get drowned out.
And this doesn’t just happen with social media…
Google’s search algorithms can suddenly change. Your traffic can disappear overnight.
Email, on the other hand, is:
✅ Direct line to your audience's inbox
✅ Free and open decentralized protocol that can't be taken away
100,000 subscribers = direct line to 100,000 people's inboxes at the moment you send the email instead of being at the mercy of algorithms.
Of course, there are inbox filters, spam, and the dreaded “promotions” folder.
But you can overcome these.
It’s much better to be in the inbox than never seen because of an algorithm.
My point is…
An engaged email newsletter makes you uncancellable.
It creates what I call a Personal Monopoly.
You see, things can go wrong in life.
You can lose social media accounts.
Your website traffic can disappear.
Your business can fail.
You can lose all your money.
But there's one thing you can't lose. And it gives you an insane advantage.
Your email list.
Nobody can take away your list.
As long as those subscribers agree to receive emails, you own an audience.
Why is this powerful?
It means:
✅ You can launch a new business to thousands of people for free with one simple email.
✅ You can monetize the attention of your subscribers with sponsors or affiliate offers.
This is a profound advantage in life.
When most people launch a business, it's like a fart in the wind.
They make a tweet to their 100 followers.
They try to get in the press.
They buy a few small ads.
Usually, nobody notices.
But with an email newsletter, you can instantly reach 10,000, 100,000, or even 1,000,000+ people in seconds.
All you need is 1,000 true fans, and you're set for life.
This is more powerful than money.
I'd rather have 10 million engaged email subscribers than $10,000,000.
(Because with 10 million subscribers, I can make $10M+ every year and positively impact millions of people).
But growing an email newsletter is a lot of work.
- Creating content is stressful and time-consuming.
- Growing your newsletter without an existing audience or a big ad budget is hard.
- Monetizing with sponsorships and getting subscribers to buy your product is more complicated than most people think.
Unless you want to waste years of time, hundreds of hours researching, and tens of thousands of dollars on marketing…
You’re better off getting someone who has built a newsletter before to help you.
So, today, I’m launching a NEW program to help people build their personal monopolies with newsletters.
It's called Write, Grow, Sell.
Here’s the TLDR:
✅ Write, Grow, Sell is a 5-week cohort-based course, community, and support system that will help you start a newsletter, get your first 10,000+ subscribers, and $10,000+ in sales.
✅ It’s for both beginners and advanced founders. We cover the [...]
There are 40 spots left for early bird pricing this cohort!
Enroll below:"
ANNOUNCEMENT: How to build a personal monopoly.
Would you rather have 100,000 email newsletter subscribers?
OR
1,000,000 Twitter followers?
I would take the email subscribers any day.
That seems crazy. But let me explain why...
The best businesses are impenetrable to competitors.
They have what Warren Buffett calls a “moat”:
- Nobody can dictate how they operate.
- They are invulnerable to competition.
- They have a captive customer base.
Social platforms are the opposite:
There's always an algorithm filtering your content from your audience.
Even if you have an audience of 1M followers, posts may only be seen by 5,000 them.
You’re constantly fighting competitors. Millions of people post similar things to you daily, and if their posts win in the algorithm, you get drowned out.
And this doesn’t just happen with social media…
Google’s search algorithms can suddenly change. Your traffic can disappear overnight.
Email, on the other hand, is:
✅ Direct line to your audience's inbox
✅ Free and open decentralized protocol that can't be taken away
100,000 subscribers = direct line to 100,000 people's inboxes at the moment you send the email instead of being at the mercy of algorithms.
Of course, there are inbox filters, spam, and the dreaded “promotions” folder.
But you can overcome these.
It’s much better to be in the inbox than never seen because of an algorithm.
My point is…
An engaged email newsletter makes you uncancellable.
It creates what I call a Personal Monopoly.
You see, things can go wrong in life.
You can lose social media accounts.
Your website traffic can disappear.
Your business can fail.
You can lose all your money.
But there's one thing you can't lose. And it gives you an insane advantage.
Your email list.
Nobody can take away your list.
As long as those subscribers agree to receive emails, you own an audience.
Why is this powerful?
It means:
✅ You can launch a new business to thousands of people for free with one simple email.
✅ You can monetize the attention of your subscribers with sponsors or affiliate offers.
This is a profound advantage in life.
When most people launch a business, it's like a fart in the wind.
They make a tweet to their 100 followers.
They try to get in the press.
They buy a few small ads.
Usually, nobody notices.
But with an email newsletter, you can instantly reach 10,000, 100,000, or even 1,000,000+ people in seconds.
All you need is 1,000 true fans, and you're set for life.
This is more powerful than money.
I'd rather have 10 million engaged email subscribers than $10,000,000.
(Because with 10 million subscribers, I can make $10M+ every year and positively impact millions of people).
But growing an email newsletter is a lot of work.
- Creating content is stressful and time-consuming.
- Growing your newsletter without an existing audience or a big ad budget is hard.
- Monetizing with sponsorships and getting subscribers to buy your product is more complicated than most people think.
Unless you want to waste years of time, hundreds of hours researching, and tens of thousands of dollars on marketing…
You’re better off getting someone who has built a newsletter before to help you.
So, today, I’m launching a NEW program to help people build their personal monopolies with newsletters.
It's called Write, Grow, Sell.
Here’s the TLDR:
✅ Write, Grow, Sell is a 5-week cohort-based course, community, and support system that will help you start a newsletter, get your first 10,000+ subscribers, and $10,000+ in sales.
✅ It’s for both beginners and advanced founders. We cover the [...]
Offshore
Matt McGarry There are 40 spots left for early bird pricing this cohort! Enroll below:" ANNOUNCEMENT: How to build a personal monopoly. Would you rather have 100,000 email newsletter subscribers? OR 1,000,000 Twitter followers? I would take the email…
fundamentals of picking a niche, writing your newsletter, and growing your list. Plus, advanced tactics like paid acquisition, sponsorship sales, info products, and much more.
✅ You can join live OR asynchronously. There are live sessions, Q&As, and coaching calls. Everything is recorded. You’ll get the edited videos, notes, timestamps, transcripts, and slides. It’s totally fine to move at your own pace.
Write, Grow, Sell has everything you need to start, grow, and monetize your newsletter.
I created this program based on my own experience and work with 50+ of the largest and most successful newsletters and creators, including:
- 1440
- Chartr
- Milk Road
- Sahil Bloom
- WorkWeek
- Dan Martel
- James Clear
- Money .com
- 1440 Media
- James Clear
- Wondermind
- The Rundown
- Codie Sanchez
- Sherwood News
- The Daily Upside
- And many, many more
I've used the Write, Grow, Sell system to:
1) Drive 10,000,000+ newsletter subscribers for my clients in the past 2 years.
2) Grow my newsletter to 25,000+ subscribers in <2"- Matt McGarry
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✅ You can join live OR asynchronously. There are live sessions, Q&As, and coaching calls. Everything is recorded. You’ll get the edited videos, notes, timestamps, transcripts, and slides. It’s totally fine to move at your own pace.
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Bourbon Capital
I've never understood the appeal of purchasing franchises like $MCD, $DPZ, or $SBUX. While these businesses can generate significant income, the initial investment of at least $2 million is quite substantial.
Running a franchise also involves managing staff, rent, operating costs, inventory, and insurance. A poorly performing manager can lead to significant financial losses.
I prefer the simplicity of owning shares in established companies like $SBUX, $MCD, and $DPZ. This approach allows me to earn passive income without the day-to-day responsibilities of running a business.
I'm sure there are many good businesses you can buy out there, but franchises seem overpriced to me. I know people who buy small ice cream shops or local pizza restaurants, and they manage to make a good amount of money with less effort. Personally, I prefer to invest in shares
If you could own any existing business right now which one would you get?
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I've never understood the appeal of purchasing franchises like $MCD, $DPZ, or $SBUX. While these businesses can generate significant income, the initial investment of at least $2 million is quite substantial.
Running a franchise also involves managing staff, rent, operating costs, inventory, and insurance. A poorly performing manager can lead to significant financial losses.
I prefer the simplicity of owning shares in established companies like $SBUX, $MCD, and $DPZ. This approach allows me to earn passive income without the day-to-day responsibilities of running a business.
I'm sure there are many good businesses you can buy out there, but franchises seem overpriced to me. I know people who buy small ice cream shops or local pizza restaurants, and they manage to make a good amount of money with less effort. Personally, I prefer to invest in shares
If you could own any existing business right now which one would you get?
tweet