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Stock Analysis Compilation
Ennismore on Baltic Classifieds Group $BCG LN
Thesis: Baltic Classifieds stands out with market dominance, exceptional margins, and sustained double-digit growth, making it a high-quality play on the rapidly expanding Baltic economies
(Extract from their Q3 letter) https://t.co/UH6IHeIbXk
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Ennismore on Baltic Classifieds Group $BCG LN
Thesis: Baltic Classifieds stands out with market dominance, exceptional margins, and sustained double-digit growth, making it a high-quality play on the rapidly expanding Baltic economies
(Extract from their Q3 letter) https://t.co/UH6IHeIbXk
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Investing visuals
I'll be sharing a Celcius $CELH one-pager analysis soon!
Would you also be interested in a side-by-side comparison with their main competitor Monster $MNST? https://t.co/VLd08Bpytf
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I'll be sharing a Celcius $CELH one-pager analysis soon!
Would you also be interested in a side-by-side comparison with their main competitor Monster $MNST? https://t.co/VLd08Bpytf
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Offshore
Video
Startup Archive
Rick Rubin on the power of creating something truly for yourself
Elon Musk has said that Rick Rubin’s philosophy of creating something truly for yourself is how Tesla creates products.
Rick elaborates on this philosophy in the clip below:
“My only goal is to make something that I like, and I know that I can keep working on it until I like it. So in some ways there’s no pressure.”
Rick doesn’t consider the audience at all:
“The audience comes last… I’m not making it for them. I’m making it for me. And it turns out that when you make something truly for yourself, you’re doing the best thing you possibly can for the audience.”
He argues that this is why there are so many bad movies today:
“So many big movies are just not good. It’s because they’re are not being made by a person who cares about it. They’re being made by people who are trying to make something they think someone else will like. And that’s not how art works.”
Former Google CEO Eric Schmidt argues a similar point:
"If you think about the greatest products, they've almost always been designed for the benefit of the people who are actually building them.”
Uber started out as a private timeshare limousine service for Garrett Camp and his friends. Microsoft started when Bill Gates and Paul Allen wrote a Basic interpreter for the Altair so they didn’t have to write machine language to program it. Drew Houston built Dropbox to make his files live online after forgetting his USB stick. Larry Page and Sergey Brin built Google for Stanford—and particularly for themselves—with the first server in Larry’s dorm room.
Video source: @LewisHowes (2023)
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Rick Rubin on the power of creating something truly for yourself
Elon Musk has said that Rick Rubin’s philosophy of creating something truly for yourself is how Tesla creates products.
Rick elaborates on this philosophy in the clip below:
“My only goal is to make something that I like, and I know that I can keep working on it until I like it. So in some ways there’s no pressure.”
Rick doesn’t consider the audience at all:
“The audience comes last… I’m not making it for them. I’m making it for me. And it turns out that when you make something truly for yourself, you’re doing the best thing you possibly can for the audience.”
He argues that this is why there are so many bad movies today:
“So many big movies are just not good. It’s because they’re are not being made by a person who cares about it. They’re being made by people who are trying to make something they think someone else will like. And that’s not how art works.”
Former Google CEO Eric Schmidt argues a similar point:
"If you think about the greatest products, they've almost always been designed for the benefit of the people who are actually building them.”
Uber started out as a private timeshare limousine service for Garrett Camp and his friends. Microsoft started when Bill Gates and Paul Allen wrote a Basic interpreter for the Altair so they didn’t have to write machine language to program it. Drew Houston built Dropbox to make his files live online after forgetting his USB stick. Larry Page and Sergey Brin built Google for Stanford—and particularly for themselves—with the first server in Larry’s dorm room.
Video source: @LewisHowes (2023)
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Investing visuals
Palantir $PLTR vs Crowdstrike $CRWD: two top notch software companies shaping the future 💎👌
Who will outperform over the next 10 years? https://t.co/xNQ7BnXP6Z
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Palantir $PLTR vs Crowdstrike $CRWD: two top notch software companies shaping the future 💎👌
Who will outperform over the next 10 years? https://t.co/xNQ7BnXP6Z
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Offshore
Photo
Stock Analysis Compilation
Munro on On Holdings $ONON US
Thesis: On Holdings is poised for sustained growth, leveraging luxury brand perception, direct-to-consumer sales, and innovative partnerships, while redefining athleisure with cutting-edge technology
(Extract from their Q3 letter) https://t.co/Q9X8JeGPnF
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Munro on On Holdings $ONON US
Thesis: On Holdings is poised for sustained growth, leveraging luxury brand perception, direct-to-consumer sales, and innovative partnerships, while redefining athleisure with cutting-edge technology
(Extract from their Q3 letter) https://t.co/Q9X8JeGPnF
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Offshore
Video
App Economy Insights
📊 This Week in Visuals: $TCEHY $BABA $CSCO $AMAT $SHOP $SPOT $NU $SE $JD $NTES $FLUT $DDOG $LYV $GRAB $ONON $LNVGY $CYBR $CART $STNE $DLO $SEMR $OLO
Check out the latest earnings👇
https://t.co/71Ps5KqS6D https://t.co/UURFW0eF2B
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📊 This Week in Visuals: $TCEHY $BABA $CSCO $AMAT $SHOP $SPOT $NU $SE $JD $NTES $FLUT $DDOG $LYV $GRAB $ONON $LNVGY $CYBR $CART $STNE $DLO $SEMR $OLO
Check out the latest earnings👇
https://t.co/71Ps5KqS6D https://t.co/UURFW0eF2B
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Offshore
Video
Startup Archive
Sam Altman's 9 things that the best founders do to build a great company
#1 Get to know your users really well
“The best founders do customer support themselves. They go visit their users—in the case of Airbnb they go live with them. You want to get to know your users really really well.”
#2 Have a short cycle time & understand compound growth
“The cycle here is basically: talk to customer to understand pain point → build product to address that → get that in front of user → see what they do → repeat cycle. This cycle is how you iterate and improve. The law of compound growth being what it is: if you can get 2% better every iteration cycle, your iteration cycle is every four hours rather than every four weeks, and you compound that over the course of a few years, you’ll be in a very very different place. Make it one of your top goals to build one of the fastest iterating companies the world has ever seen.”
#3 Make a long-term commitment
“Most companies have a 2-3 year time horizon. But companies are almost always a 10 year project if they work. If you think about it that way from the very beginning, you will make very different and much better decisions. I think this is the only arbitrage opportunity left in the market. Almost no one makes a fairly long-term commitment to a new project. But if you do that, you will think in a different way, you will hire different people, and it will work very well.”
#4 Stay lean until everything is working really well
“In the early days, when you’re experimenting and zig zagging, you’re like a fast little speed boat and want to be able to turn the whole company on a dime. You can’t do that if you’re a big company—cash burn aside, which is another problem. The flexibility of the company basically decreases with the square of the number of employees, so you want to stay really small until you’re sure things are working. Once things are working, then you can get really big.”
#5 Resist the urge to hire; especially resist the urge to hire mediocre people
“Vinod Khosla has a saying that I love: ‘the team you build is the company you build.’ This is really true and I never appreciated how true this was for a long time. If you build a team of great people and you have a product that people love, you’ll have a 90%+ chance of success. Those are both really hard to do, and they’re independent variables. But don’t ignore the team component. The best CEOs I know spend huge amounts of time recruiting and retaining good talent.”
#6 Relentless execution
“You have to keep going, and do things perfectly, and get all of the details right. You have to care too much about every experience that a customer has with their company.”
#7 Startups are about not giving up
“One of the very best companies in the last YC batch applied 7 times before they got in. This is just a version of what happens in startups all of the time: you get beat down, again, and again, and again. And that last time when you get pushed down and don’t think you have enough energy to get back up—that’s the time it actually works. This is what you sign up for if you’re going to start a startup.”
#8 Fiduciary duty to take care of yourself
“This is a 10 year marathon and you have a fiduciary duty to your shareholders to take care of yourself. Some people treat startups like an all-nighter: they don’t take care of their health, they don’t sleep, they don’t maintain their personal relationships. It is true that startups are a bad choice for work-life balance. But you have a duty to yourself, your team, and your investors to take care of yourself.”
#9 Clear mission
“You don’t have to figure this out on Day 1, but all of the most successful startups I’ve been fortunate enough to be a part of pretty quickly—in the first one to two y[...]
Sam Altman's 9 things that the best founders do to build a great company
#1 Get to know your users really well
“The best founders do customer support themselves. They go visit their users—in the case of Airbnb they go live with them. You want to get to know your users really really well.”
#2 Have a short cycle time & understand compound growth
“The cycle here is basically: talk to customer to understand pain point → build product to address that → get that in front of user → see what they do → repeat cycle. This cycle is how you iterate and improve. The law of compound growth being what it is: if you can get 2% better every iteration cycle, your iteration cycle is every four hours rather than every four weeks, and you compound that over the course of a few years, you’ll be in a very very different place. Make it one of your top goals to build one of the fastest iterating companies the world has ever seen.”
#3 Make a long-term commitment
“Most companies have a 2-3 year time horizon. But companies are almost always a 10 year project if they work. If you think about it that way from the very beginning, you will make very different and much better decisions. I think this is the only arbitrage opportunity left in the market. Almost no one makes a fairly long-term commitment to a new project. But if you do that, you will think in a different way, you will hire different people, and it will work very well.”
#4 Stay lean until everything is working really well
“In the early days, when you’re experimenting and zig zagging, you’re like a fast little speed boat and want to be able to turn the whole company on a dime. You can’t do that if you’re a big company—cash burn aside, which is another problem. The flexibility of the company basically decreases with the square of the number of employees, so you want to stay really small until you’re sure things are working. Once things are working, then you can get really big.”
#5 Resist the urge to hire; especially resist the urge to hire mediocre people
“Vinod Khosla has a saying that I love: ‘the team you build is the company you build.’ This is really true and I never appreciated how true this was for a long time. If you build a team of great people and you have a product that people love, you’ll have a 90%+ chance of success. Those are both really hard to do, and they’re independent variables. But don’t ignore the team component. The best CEOs I know spend huge amounts of time recruiting and retaining good talent.”
#6 Relentless execution
“You have to keep going, and do things perfectly, and get all of the details right. You have to care too much about every experience that a customer has with their company.”
#7 Startups are about not giving up
“One of the very best companies in the last YC batch applied 7 times before they got in. This is just a version of what happens in startups all of the time: you get beat down, again, and again, and again. And that last time when you get pushed down and don’t think you have enough energy to get back up—that’s the time it actually works. This is what you sign up for if you’re going to start a startup.”
#8 Fiduciary duty to take care of yourself
“This is a 10 year marathon and you have a fiduciary duty to your shareholders to take care of yourself. Some people treat startups like an all-nighter: they don’t take care of their health, they don’t sleep, they don’t maintain their personal relationships. It is true that startups are a bad choice for work-life balance. But you have a duty to yourself, your team, and your investors to take care of yourself.”
#9 Clear mission
“You don’t have to figure this out on Day 1, but all of the most successful startups I’ve been fortunate enough to be a part of pretty quickly—in the first one to two y[...]
Offshore
Startup Archive Sam Altman's 9 things that the best founders do to build a great company #1 Get to know your users really well “The best founders do customer support themselves. They go visit their users—in the case of Airbnb they go live with them. You…
ears—figure out a really important mission. It’s this mission that gets people to join them. It drives the founders. It gets the media to write about them. And even if you start off building a project that’s just interesting to you and solves a problem in your life—which is how you should start—remember that you should have a clear mission at some point… That is what will convince people to come help you, and that is how you will build this idea into a huge company with a ton of people that really love your product.”
Video source: @StanfordOnline (2017)
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Video source: @StanfordOnline (2017)
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App Economy Insights
What are you watching this week?
• Tuesday: $WMT, $LOW.
• Wednesday: $NVDA, $SNOW, $PANW, $TGT, $NIO, $GLBE.
• Thursday: $PDD, $ESTC, $INTU.
All visualized in our PRO coverage next Saturday! https://t.co/t3YHBTh6ey
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What are you watching this week?
• Tuesday: $WMT, $LOW.
• Wednesday: $NVDA, $SNOW, $PANW, $TGT, $NIO, $GLBE.
• Thursday: $PDD, $ESTC, $INTU.
All visualized in our PRO coverage next Saturday! https://t.co/t3YHBTh6ey
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Offshore
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Stock Analysis Compilation
Ennismore on Philip Morris $PM US
Thesis: PM leads the smokefree revolution with dominant positions in heated tobacco and nicotine pouches, poised for mid-teens earnings growth and a compelling 4.5% dividend yield
(Extract from their Q3 letter) https://t.co/JFGsdYV1VW
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Ennismore on Philip Morris $PM US
Thesis: PM leads the smokefree revolution with dominant positions in heated tobacco and nicotine pouches, poised for mid-teens earnings growth and a compelling 4.5% dividend yield
(Extract from their Q3 letter) https://t.co/JFGsdYV1VW
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