Offshore
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Matt McGarry
RT @nikwen_de: If you're just starting your newsletter, Matt is the perfect person to help you get it to 10k subscribers and $10k in sales."
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.
[...]
RT @nikwen_de: If you're just starting your newsletter, Matt is the perfect person to help you get it to 10k subscribers and $10k in sales."
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.
[...]
Offshore
Matt McGarry RT @nikwen_de: If you're just starting your newsletter, Matt is the perfect person to help you get it to 10k subscribers and $10k in sales." ANNOUNCEMENT: How to build a personal monopoly. Would you rather have 100,000 email newsletter subscribers?…
✅ It’s for both beginners and advanced founders. We cover the 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
tweet
✅ 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
tweet
Offshore
Photo
Investing visuals
NVIDIA $NVDA Q2 earnings✨
🟢 Revenue: $ 30.0 Bln vs est. $28.7 Bln (+4.5% beat)
🟢 Data center revenue: $27.3B vs Est. $25.2B (8% beat)
🟢 EPS : $0.68 vs est. $0.64 (+6% beat)
🔭 Outlook
• Expect revenue of $32.5B vs estimates of $31.75B
• Announced $50B buyback
📈 Initial stock reaction: down -5%
tweet
NVIDIA $NVDA Q2 earnings✨
🟢 Revenue: $ 30.0 Bln vs est. $28.7 Bln (+4.5% beat)
🟢 Data center revenue: $27.3B vs Est. $25.2B (8% beat)
🟢 EPS : $0.68 vs est. $0.64 (+6% beat)
🔭 Outlook
• Expect revenue of $32.5B vs estimates of $31.75B
• Announced $50B buyback
📈 Initial stock reaction: down -5%
All eyes are on NVIDIA $NVDA reporting earnings tomorrow after hours.
Here's a quick pre-earnings overview 🔍👇
🔹Est. Revenue: $28.7B (+113%)
🔹Est. EPS: $0.64 (+138%) https://t.co/FlLfzjUscg - Investing visualstweet
Offshore
Photo
Investing visuals
RT @Stocktwits: BREAKING 🚨 $NVDA Nvidia just reported earnings...
▪ EPS of $0.68, beating expectations of $0.64 🟢
▪ Revenue of $30B, beating expectations of $28.7B 🟢
Listen to the call live on Stocktwits! Join the convo 👇
https://t.co/N0xGxmED5t https://t.co/2rFcFBRrBQ
tweet
RT @Stocktwits: BREAKING 🚨 $NVDA Nvidia just reported earnings...
▪ EPS of $0.68, beating expectations of $0.64 🟢
▪ Revenue of $30B, beating expectations of $28.7B 🟢
Listen to the call live on Stocktwits! Join the convo 👇
https://t.co/N0xGxmED5t https://t.co/2rFcFBRrBQ
Pretty much $NVDA https://t.co/1uWgrX8eBY - Stocktwitstweet
Offshore
Photo
App Economy Insights
$NVDA NVIDIA Q2 FY25 (ending in July).
• Revenue +15% Q/Q to $30.0B ($1.3B beat).
• Gross margin 75% (-3pp Q/Q).
• Operating margin 62% (-3pp Q/Q).
• Non-GAAP EPS $0.68 ($0.04 beat).
Q3 FY25 guidance:
• Revenue ~$32.5B ($0.8B beat). https://t.co/3T9fGGxUzd
tweet
$NVDA NVIDIA Q2 FY25 (ending in July).
• Revenue +15% Q/Q to $30.0B ($1.3B beat).
• Gross margin 75% (-3pp Q/Q).
• Operating margin 62% (-3pp Q/Q).
• Non-GAAP EPS $0.68 ($0.04 beat).
Q3 FY25 guidance:
• Revenue ~$32.5B ($0.8B beat). https://t.co/3T9fGGxUzd
tweet
Offshore
Photo
Quality Investing with Aria
I dont even know why $CRM stock is up
Business as usual, no changes to the thesis. Fair-to-cheap valuation even after the gap up tmr
Cash flow guide increased to 12.8bn from 12bn, for the full year. That’s the only thing i really care about tbh
Good 👍 😅 https://t.co/5ZcatfToF8
tweet
I dont even know why $CRM stock is up
Business as usual, no changes to the thesis. Fair-to-cheap valuation even after the gap up tmr
Cash flow guide increased to 12.8bn from 12bn, for the full year. That’s the only thing i really care about tbh
Good 👍 😅 https://t.co/5ZcatfToF8
tweet
Offshore
Photo
Quality Investing with Aria
250bn market cap company and the operator cant afford a mic better than a 2010 dell laptop
Also Benioff sounds dead tired LOL https://t.co/hwDwbLC2SY
tweet
250bn market cap company and the operator cant afford a mic better than a 2010 dell laptop
Also Benioff sounds dead tired LOL https://t.co/hwDwbLC2SY
tweet
Offshore
Photo
Aswath Damodaran (Youtube)
Beat you Bot: Building your moat against AI!
As the AI buzz has carried markets and unsettled businesses, with the threat of disruption, the threat of personal disruption also looks. We are being told that AI is coming for our jobs, and for me, that threat became real when I learned of a bot in my name that had read and listened everything that I have ever written or said. In this session, I look at where the AI threat is greatest (mechanical, rule-driven and objective) and what we can do to keep the threat at bay - broaden our horizons, strengthen reasoning skills, work on our weak sides and let our minds wander.
Blog post: https://aswathdamodaran.blogspot.com/2024/08/beat-your-bot-building-your-moat.html
Beat you Bot: Building your moat against AI!
As the AI buzz has carried markets and unsettled businesses, with the threat of disruption, the threat of personal disruption also looks. We are being told that AI is coming for our jobs, and for me, that threat became real when I learned of a bot in my name that had read and listened everything that I have ever written or said. In this session, I look at where the AI threat is greatest (mechanical, rule-driven and objective) and what we can do to keep the threat at bay - broaden our horizons, strengthen reasoning skills, work on our weak sides and let our minds wander.
Blog post: https://aswathdamodaran.blogspot.com/2024/08/beat-your-bot-building-your-moat.html
YouTube
Beat you Bot: Building your moat against AI!
As the AI buzz has carried markets and unsettled businesses, with the threat of disruption, the threat of personal disruption also looks. We are being told that AI is coming for our jobs, and for me, that threat became real when I learned of a bot in my…
Bourbon Capital
The following companies just reported earning
After hours:
$NVDA Nvidia -5.66%🔴
$CRM SalesForce +3.52%🟢
$CRWD CrowdStrike +4.03%🟢
$HPQ HP -2.91%🔴
$VEEV Veeva Systems +3.59%🟢
$NTAP NetApp -0.96%🔴
$PSTG Pure Storage -14.66%🔴
$COO The Cooper Companies +2.31%🟢
$OKTA Okta -6.98%🔴
$NTNX Nutanix +12.85%🟢
$AFRM Affirm Holdings +15.61%🟢
$FIVE Five Below +7.82%🟢
$FL Foot Locker -0.24%🔴
$VSCO Victoria's Secret & Co. +3.14%🟢
tweet
The following companies just reported earning
After hours:
$NVDA Nvidia -5.66%🔴
$CRM SalesForce +3.52%🟢
$CRWD CrowdStrike +4.03%🟢
$HPQ HP -2.91%🔴
$VEEV Veeva Systems +3.59%🟢
$NTAP NetApp -0.96%🔴
$PSTG Pure Storage -14.66%🔴
$COO The Cooper Companies +2.31%🟢
$OKTA Okta -6.98%🔴
$NTNX Nutanix +12.85%🟢
$AFRM Affirm Holdings +15.61%🟢
$FIVE Five Below +7.82%🟢
$FL Foot Locker -0.24%🔴
$VSCO Victoria's Secret & Co. +3.14%🟢
tweet
Offshore
Photo
Bourbon Capital
NVIDIA $NVDA Results
- EPS: $0.68 vs. $0.65 expected
- Revenue: $30B vs. $28.9B expected
EPS is up 151% YoY🟢
Revenue is up 122% YoY🟢
Net income is up 168% YoY🟢
Gross margin is up 5% YoY🟢
Operating income is up 174% YoY🟢
It looks like we have another 3 months of bull market if Powell allows this
tweet
NVIDIA $NVDA Results
- EPS: $0.68 vs. $0.65 expected
- Revenue: $30B vs. $28.9B expected
EPS is up 151% YoY🟢
Revenue is up 122% YoY🟢
Net income is up 168% YoY🟢
Gross margin is up 5% YoY🟢
Operating income is up 174% YoY🟢
It looks like we have another 3 months of bull market if Powell allows this
tweet
Offshore
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Musings on Markets
Beat your Bot: Building your Moat against AI
It seems like a lifetime has passed since artificial intelligence (AI) became the market's biggest mover, but Open AI introduced the world to ChatGPT on November 30, 2022. While ChatGPT itself represented a low-tech variation of AI, it opened the door to AI not only as a business driver, but one that had the potential to change the way we work and live. In a post on June 30, 2023, I looked at the AI effect on businesses, arguing that it had the potential to ferment revolutionary change, but that it would also create a few big winners, a whole host of wannabes, and many losers, as its disruption worked its way through the economy. In this post, I would like to explore that disruption effect, but this time at a personal level, as we are warned that we risk being displaced by our AI counterparts. I want to focus on that question, trying to find the middle ground between irrational terror, where AI consigns us all to redundancy, and foolish denial, where we dismiss it as a fad.
The Damodaran Bot
I was in the eleventh week of teaching my 2024 spring semester classes at Stern, when Vasant Dhar, who teaches a range of classes from machine learning to data science at NYU's Stern School (where I teach as well), and has forgotten more about AI than I will ever know, called me. He mentioned that he had developed a Damodaran Bot, and explained that it was an AI creation, which had read every blog post that I had ever written, watched every webcast that I had ever posted and reviewed every valuation that I had made public. Since almost everything that I have ever written or done is in the public domain, in my blog, YouTube videos and webpage, that effectively meant that my bot was better informed than I was about my own work, since its memory is perfect and mine is definitely not. He also went on to tell me that the Bot was ready for a trial run, ready to to value companies, and see how those valuations measured up against valuations done by the best students in my class.
The results of the contest are still being tabulated, and I am not sure what results I would like to see, since either of the end outcomes would reflect poorly on me. If the Bot's valuations work really well, i.e., it values companies as well, or better, than the students in my class, that is about as strong a signal that I am facing obsolescence, that I can get. If the Bot's valuations work really badly, that would be a reflection that I have failed as a teacher, since the entire rationale for my postings and public valuations is to teach people how to do valuation.
Gauging the threat
In the months since I was made aware of the Damodaran Bot, I have thought in general terms about what AI will be able to do as well or better than we can, and the areas where it might have trouble. Ultimately, AI is the coming together of two forces that have become more powerful over the last few decades. The first is increasing (and cheaper) computing power, often coming into smaller and smaller packages; our phones are now computationally more powerful than the very first personal computers. The second is the cumulation of data, both quantitative and qualitative, especially with social media accelerating personal data sharing. As an AI novice, it is entirely possible that I am not gauging the threat correctly, but there are three dimensions on which I see the AI playing out (well or badly).
1.
Mechanical/Formulaic vs Intuitive/Adaptabl[...]
Beat your Bot: Building your Moat against AI
It seems like a lifetime has passed since artificial intelligence (AI) became the market's biggest mover, but Open AI introduced the world to ChatGPT on November 30, 2022. While ChatGPT itself represented a low-tech variation of AI, it opened the door to AI not only as a business driver, but one that had the potential to change the way we work and live. In a post on June 30, 2023, I looked at the AI effect on businesses, arguing that it had the potential to ferment revolutionary change, but that it would also create a few big winners, a whole host of wannabes, and many losers, as its disruption worked its way through the economy. In this post, I would like to explore that disruption effect, but this time at a personal level, as we are warned that we risk being displaced by our AI counterparts. I want to focus on that question, trying to find the middle ground between irrational terror, where AI consigns us all to redundancy, and foolish denial, where we dismiss it as a fad.
The Damodaran Bot
I was in the eleventh week of teaching my 2024 spring semester classes at Stern, when Vasant Dhar, who teaches a range of classes from machine learning to data science at NYU's Stern School (where I teach as well), and has forgotten more about AI than I will ever know, called me. He mentioned that he had developed a Damodaran Bot, and explained that it was an AI creation, which had read every blog post that I had ever written, watched every webcast that I had ever posted and reviewed every valuation that I had made public. Since almost everything that I have ever written or done is in the public domain, in my blog, YouTube videos and webpage, that effectively meant that my bot was better informed than I was about my own work, since its memory is perfect and mine is definitely not. He also went on to tell me that the Bot was ready for a trial run, ready to to value companies, and see how those valuations measured up against valuations done by the best students in my class.
The results of the contest are still being tabulated, and I am not sure what results I would like to see, since either of the end outcomes would reflect poorly on me. If the Bot's valuations work really well, i.e., it values companies as well, or better, than the students in my class, that is about as strong a signal that I am facing obsolescence, that I can get. If the Bot's valuations work really badly, that would be a reflection that I have failed as a teacher, since the entire rationale for my postings and public valuations is to teach people how to do valuation.
Gauging the threat
In the months since I was made aware of the Damodaran Bot, I have thought in general terms about what AI will be able to do as well or better than we can, and the areas where it might have trouble. Ultimately, AI is the coming together of two forces that have become more powerful over the last few decades. The first is increasing (and cheaper) computing power, often coming into smaller and smaller packages; our phones are now computationally more powerful than the very first personal computers. The second is the cumulation of data, both quantitative and qualitative, especially with social media accelerating personal data sharing. As an AI novice, it is entirely possible that I am not gauging the threat correctly, but there are three dimensions on which I see the AI playing out (well or badly).
1.
Mechanical/Formulaic vs Intuitive/Adaptabl[...]