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Librarian Capital
GEICO policy count back to growth in 24Q3
"Increased new biz. & stable retention rates"
YTD policies-in-force decline 2.5% (Q2 4.3%; Q1 6.6%)
Written Premiums +7.3% Q3, +8.4% YTD
Pre-Tax UW earnings doubled (Q3 and YTD)
Loss Ratio ~10ppt better YTD
$BRK.B https://t.co/9Dra2hStmx
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GEICO policy count back to growth in 24Q3
"Increased new biz. & stable retention rates"
YTD policies-in-force decline 2.5% (Q2 4.3%; Q1 6.6%)
Written Premiums +7.3% Q3, +8.4% YTD
Pre-Tax UW earnings doubled (Q3 and YTD)
Loss Ratio ~10ppt better YTD
$BRK.B https://t.co/9Dra2hStmx
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Offshore
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Librarian Capital
Ingersoll Rand $IR buying more pump businesses
Penn Valley Pump: "Leading manufacturer of unique
positive displacement pumps with its Double Disc
Pump technology for use in the municipal,
industrial, chemical, and food industries"
cc Spirax $SPX https://t.co/YiMKLkwU1E
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Ingersoll Rand $IR buying more pump businesses
Penn Valley Pump: "Leading manufacturer of unique
positive displacement pumps with its Double Disc
Pump technology for use in the municipal,
industrial, chemical, and food industries"
cc Spirax $SPX https://t.co/YiMKLkwU1E
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Offshore
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Startup Archive
Whole Foods founder John Mackey: “It’s easy to be a critic. It’s hard to be an entrepreneur.”
John is asked how he balanced his ideals of being an ethical vegan with building Whole Foods. He responds:
“It’s easy for critics to judge and say, ‘You’re selling out. You’re betraying your ideals.’ I’m plant-based and I hear it all the time from vegans: ‘You say you’re an ethical vegan and yet Whole Foods sold meat. So you’re just a hypocrite and a liar.’”
But John will say to these critics, “What exactly have you done? If you think a vegan store will work, do it.”
As John explains, only 0.5% of Americans are vegan and only 2% are vegetarian.
“You just don’t have a that big of a market… And you have to meet the market where you find it — not where you’d like it to be… Perfect is the enemy of good. If you just want to have your ideals, you can have them, but you may not have a business. You have to engage with the market. You can try to influence the market and educate the market. But at the end of the day, they vote every day with their pocketbooks exactly what they want. If you’re not prepared to serve what they want, then they’re going to find it somewhere else.”
He continues:
“I like to say we’re always pushing our ideals, but always listening to our customers. It’s like a dialogue you’re having or a dance — if you don’t dance with your partner, your partner is going to dance away from you.”
John reflects on this tendency that we all have to project our own failings onto other people and criticize them.
“It’s hard to be an entrepreneur. It’s hard to actually create anything — particularly anything that’s going to be successful and meet the test of time. But it’s very easy to find fault with what other people are doing.”
Video source: @TKPPodcast @ShaneAParrish (2024)
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Whole Foods founder John Mackey: “It’s easy to be a critic. It’s hard to be an entrepreneur.”
John is asked how he balanced his ideals of being an ethical vegan with building Whole Foods. He responds:
“It’s easy for critics to judge and say, ‘You’re selling out. You’re betraying your ideals.’ I’m plant-based and I hear it all the time from vegans: ‘You say you’re an ethical vegan and yet Whole Foods sold meat. So you’re just a hypocrite and a liar.’”
But John will say to these critics, “What exactly have you done? If you think a vegan store will work, do it.”
As John explains, only 0.5% of Americans are vegan and only 2% are vegetarian.
“You just don’t have a that big of a market… And you have to meet the market where you find it — not where you’d like it to be… Perfect is the enemy of good. If you just want to have your ideals, you can have them, but you may not have a business. You have to engage with the market. You can try to influence the market and educate the market. But at the end of the day, they vote every day with their pocketbooks exactly what they want. If you’re not prepared to serve what they want, then they’re going to find it somewhere else.”
He continues:
“I like to say we’re always pushing our ideals, but always listening to our customers. It’s like a dialogue you’re having or a dance — if you don’t dance with your partner, your partner is going to dance away from you.”
John reflects on this tendency that we all have to project our own failings onto other people and criticize them.
“It’s hard to be an entrepreneur. It’s hard to actually create anything — particularly anything that’s going to be successful and meet the test of time. But it’s very easy to find fault with what other people are doing.”
Video source: @TKPPodcast @ShaneAParrish (2024)
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Offshore
Video
Librarian Capital
RT @SethAbramson: There seems to be a major media blackout regarding Trump simulating multiple sex acts on stage in Wisconsin last night—despite the fact that it was a sequence of events so bizarre and unsettling many voters will deem it disqualifying. I can't explain this. https://t.co/GJgiwFRvNX
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RT @SethAbramson: There seems to be a major media blackout regarding Trump simulating multiple sex acts on stage in Wisconsin last night—despite the fact that it was a sequence of events so bizarre and unsettling many voters will deem it disqualifying. I can't explain this. https://t.co/GJgiwFRvNX
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Offshore
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Stock Analysis Compilation
Nightview Capital on Amazon $AMZN US
Thesis: Amazon’s continued growth in AWS, e-commerce, and AI-driven logistics positions it as a dominant player with significant compounding potential.
(Extract from their Q3 letter) https://t.co/mjr3UgWc15
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Nightview Capital on Amazon $AMZN US
Thesis: Amazon’s continued growth in AWS, e-commerce, and AI-driven logistics positions it as a dominant player with significant compounding potential.
(Extract from their Q3 letter) https://t.co/mjr3UgWc15
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Offshore
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Librarian Capital
Reminder: Some of the people who self-describe as fund managers on Twitter and offer career advice are also the worst people you can meet
All the tweets were on the same day; it was less than an hour before the two tweets in the middle https://t.co/WIaoGo1xpR
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Reminder: Some of the people who self-describe as fund managers on Twitter and offer career advice are also the worst people you can meet
All the tweets were on the same day; it was less than an hour before the two tweets in the middle https://t.co/WIaoGo1xpR
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Offshore
Video
App Economy Insights
📊 Earnings season visualized.
What surprised you this month?
Grab the latest report with 100+ visuals👇
https://t.co/0IFmphEd43 https://t.co/G9TTQAaYlh
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📊 Earnings season visualized.
What surprised you this month?
Grab the latest report with 100+ visuals👇
https://t.co/0IFmphEd43 https://t.co/G9TTQAaYlh
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Offshore
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Librarian Capital
RT @carlquintanilla: “.. He described things that did not happen and denied things that did.
“.. Truth is not always an abundant resource .. under any president, but never has the Oval Office been occupied by someone so detached from verifiable facts.”
@peterbakernyt
https://t.co/X5p9CdJUSt https://t.co/CZZlTpnRov
tweet
RT @carlquintanilla: “.. He described things that did not happen and denied things that did.
“.. Truth is not always an abundant resource .. under any president, but never has the Oval Office been occupied by someone so detached from verifiable facts.”
@peterbakernyt
https://t.co/X5p9CdJUSt https://t.co/CZZlTpnRov
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Librarian Capital
Our account will be switched to "private" again soon
Because Elon Musk is taking away the "block" function
Our accounts on other platforms remain public, and with the "reply" function open to all (see profile link)
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Our account will be switched to "private" again soon
Because Elon Musk is taking away the "block" function
Our accounts on other platforms remain public, and with the "reply" function open to all (see profile link)
We’re starting to launch the block function update tweet
twitter.com
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