Offshore
Photo
Quiver Quantitative
When you don't even make a million dollars in the market in a day: https://t.co/Vg7OaTiZt1
tweet
When you don't even make a million dollars in the market in a day: https://t.co/Vg7OaTiZt1
Asked Pelosi how she’s doing.
“Terrible,” she said tweet
Offshore
Photo
Quiver Quantitative
JUST IN: Representative María Salazar has bought more stock in Antero Resources, $AR.
Antero Resources is an oil and natural gas company.
Salazar started buying stock in the company back in August.
We have not seen any other politicians trade the stock in over two years. https://t.co/SrbA9MycKx
tweet
JUST IN: Representative María Salazar has bought more stock in Antero Resources, $AR.
Antero Resources is an oil and natural gas company.
Salazar started buying stock in the company back in August.
We have not seen any other politicians trade the stock in over two years. https://t.co/SrbA9MycKx
tweet
Offshore
Photo
Stock Analysis Compilation
Ennismore on Nippon Television Holdings $9404 JP
Thesis: NTV’s resilient earnings and strategic acquisition of Studio Ghibli offer a unique value play, with the stock trading at a discount despite a strong downside protection.
(Extract from their Q3 letter) https://t.co/eyZf7K7Y3T
tweet
Ennismore on Nippon Television Holdings $9404 JP
Thesis: NTV’s resilient earnings and strategic acquisition of Studio Ghibli offer a unique value play, with the stock trading at a discount despite a strong downside protection.
(Extract from their Q3 letter) https://t.co/eyZf7K7Y3T
tweet
Offshore
Photo
Stock Analysis Compilation
Oakmark on Diageo $DGE LN
Thesis: Diageo’s unrivaled brand portfolio and global scale provide strong competitive advantages, making it a compelling buy at current levels with potential for recovery from recent market weakness
(Extract from their Q3 letter) https://t.co/s16FzpwD6H
tweet
Oakmark on Diageo $DGE LN
Thesis: Diageo’s unrivaled brand portfolio and global scale provide strong competitive advantages, making it a compelling buy at current levels with potential for recovery from recent market weakness
(Extract from their Q3 letter) https://t.co/s16FzpwD6H
tweet
Offshore
Video
Startup Archive
Peter Thiel on the importance of pitching your startup as a “discount to the future”
Most founders will pitch their startup valuation as a sort of premium on the last round (e.g. “Our valuation last year was X, we’ve made Y progress, and now we deserve a valuation 2x greater.”)
But Thiel argues that this is “completely wrong.”
“The value is never a premium on the past. It’s always a discount to the future. I think the way one should always try to pitch the value of a company is by explaining why it will be worth a lot more in the future and why investors are getting to invest at a point that it’s a lot cheaper.”
He uses his experience fundraising for PayPal as an example. In March 2000, PayPal raised a round at a $500M pre-money valuation, which was a massive premium on the $45M valuation from their raise 3-months prior (note: PayPal also completed a 50/50 merger with Elon Musk’s x in this 3-month period).
How did they get a 5x step up in 3 months?
Thiel explains:
“The way we presented the round was: this is going to be the last round before the IPO. We got people thinking the next round is going to be the IPO and this was going to be at a discount to the IPO. It doesn’t matter what happened three months ago—you’re getting it at a discount to the IPO.”
He concludes:
“Always think of it as a discount to the future. Never a premium on the past.”
Video source: @GA (2015)
tweet
Peter Thiel on the importance of pitching your startup as a “discount to the future”
Most founders will pitch their startup valuation as a sort of premium on the last round (e.g. “Our valuation last year was X, we’ve made Y progress, and now we deserve a valuation 2x greater.”)
But Thiel argues that this is “completely wrong.”
“The value is never a premium on the past. It’s always a discount to the future. I think the way one should always try to pitch the value of a company is by explaining why it will be worth a lot more in the future and why investors are getting to invest at a point that it’s a lot cheaper.”
He uses his experience fundraising for PayPal as an example. In March 2000, PayPal raised a round at a $500M pre-money valuation, which was a massive premium on the $45M valuation from their raise 3-months prior (note: PayPal also completed a 50/50 merger with Elon Musk’s x in this 3-month period).
How did they get a 5x step up in 3 months?
Thiel explains:
“The way we presented the round was: this is going to be the last round before the IPO. We got people thinking the next round is going to be the IPO and this was going to be at a discount to the IPO. It doesn’t matter what happened three months ago—you’re getting it at a discount to the IPO.”
He concludes:
“Always think of it as a discount to the future. Never a premium on the past.”
Video source: @GA (2015)
tweet
Offshore
Photo
Stock Analysis Compilation
Vulcan Value Partners on LVMH $MC FP
Thesis: LVMH’s unparalleled portfolio of iconic luxury brands and strong long-term focus provide a unique opportunity for compounding growth, making it an attractive buy amid recent market volatility.
(Extract from their Q3 letter) https://t.co/sCVvijPF9r
tweet
Vulcan Value Partners on LVMH $MC FP
Thesis: LVMH’s unparalleled portfolio of iconic luxury brands and strong long-term focus provide a unique opportunity for compounding growth, making it an attractive buy amid recent market volatility.
(Extract from their Q3 letter) https://t.co/sCVvijPF9r
tweet
Offshore
Photo
Stock Analysis Compilation
Vulcan Value Partners on LVMH $MC FP
Thesis: LVMH’s unparalleled portfolio of iconic luxury brands and strong long-term focus provide a unique opportunity for compounding growth, making it an attractive buy amid recent market volatility.
(Extract from their Q3 letter) https://t.co/0CmAOGyaMY
tweet
Vulcan Value Partners on LVMH $MC FP
Thesis: LVMH’s unparalleled portfolio of iconic luxury brands and strong long-term focus provide a unique opportunity for compounding growth, making it an attractive buy amid recent market volatility.
(Extract from their Q3 letter) https://t.co/0CmAOGyaMY
tweet
Offshore
Video
Startup Archive
RT @hammer_mt: Also true of pitching yourself for a promotion. Employees think they deserve a promotion based on what they have achieved so far, but the only thing the boss manager cares about is your relative cost benefit to hiring someone above you.
tweet
RT @hammer_mt: Also true of pitching yourself for a promotion. Employees think they deserve a promotion based on what they have achieved so far, but the only thing the boss manager cares about is your relative cost benefit to hiring someone above you.
Peter Thiel on the importance of pitching your startup as a “discount to the future”
Most founders will pitch their startup valuation as a sort of premium on the last round (e.g. “Our valuation last year was X, we’ve made Y progress, and now we deserve a valuation 2x greater.”)
But Thiel argues that this is “completely wrong.”
“The value is never a premium on the past. It’s always a discount to the future. I think the way one should always try to pitch the value of a company is by explaining why it will be worth a lot more in the future and why investors are getting to invest at a point that it’s a lot cheaper.”
He uses his experience fundraising for PayPal as an example. In March 2000, PayPal raised a round at a $500M pre-money valuation, which was a massive premium on the $45M valuation from their raise 3-months prior (note: PayPal also completed a 50/50 merger with Elon Musk’s x in this 3-month period).
How did they get a 5x step up in 3 months?
Thiel explains:
“The way we presented the round was: this is going to be the last round before the IPO. We got people thinking the next round is going to be the IPO and this was going to be at a discount to the IPO. It doesn’t matter what happened three months ago—you’re getting it at a discount to the IPO.”
He concludes:
“Always think of it as a discount to the future. Never a premium on the past.”
Video source: @GA (2015) tweet