Offshore
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Clark Square Capital
RT @AReviewOrTwo1: This is a very good list on the characteristics of an outstanding analysts / PMs: https://t.co/gTpt8zFXGr
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RT @AReviewOrTwo1: This is a very good list on the characteristics of an outstanding analysts / PMs: https://t.co/gTpt8zFXGr
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Offshore
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Brandon Beylo
Somehow I feel like $U.UN will close lower tomorrow despite this news.
And yes, we are long.
#uranium
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Somehow I feel like $U.UN will close lower tomorrow despite this news.
And yes, we are long.
#uranium
“Wyoming has the uranium to replace Russian imports, and we’re ready to use it.” -ranking member @SenJohnBarrasso https://t.co/FLEGZXYQLW tweet
Offshore
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Clark Square Capital
Greenlight Q1 24 Investor Letter:
https://t.co/x7lGgBatbB https://t.co/smReIlVTJc
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Greenlight Q1 24 Investor Letter:
https://t.co/x7lGgBatbB https://t.co/smReIlVTJc
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Offshore
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Offshore
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Hidden Value Gems
Applies to #Exor too 👇🏼
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Applies to #Exor too 👇🏼
An incredible case study of how brand power can translate into more value for shareholders by @IntrinsicInv discussing $RACE :
✅ "After the company went public in 2015, it reported revenue of just under €3 billion for the year while shipping less than 8,000 cars at an average selling price (ASP) of €270,000 per car. EBITDA margins were 25%. Importantly, by our calculation, its return on invested capital (ROIC) was over 100%."
✅"In 2024, the company expects to generate over €6.7 billion in revenue in 2024 with EBITDA margins exceeding 38%. We expect over 14,000 cars to be shipped with an ASP over €400,000 – that is an ASP increase of €100,000 over the past 5 years!"
✅"When we did our first deep dive into the business in 2016, we estimated there were 2-3 million potential high net worth customers who could afford to buy a Ferrari. Consequently, selling less than 8,000 cars meant a customer capture percentage of less than 0.1% in any given year. Even this year, when the company will likely sell 14,000 cars, we believe it is still selling to less than 0.1% of its potential market." tweet
Offshore
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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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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.
tweet