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Stock Analysis Compilation
Artisan on https://t.co/sBpynOFNfk $TCOM US
Thesis: https://t.co/sBpynOFNfk leverages its strengthened domestic position to drive growth as China's outbound travel resumes, with potential for global market expansion
(Extract from their Q3 letter) https://t.co/KUFOpm1wqa
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Artisan on https://t.co/sBpynOFNfk $TCOM US
Thesis: https://t.co/sBpynOFNfk leverages its strengthened domestic position to drive growth as China's outbound travel resumes, with potential for global market expansion
(Extract from their Q3 letter) https://t.co/KUFOpm1wqa
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Dimitry Nakhla | Babylon Capital®
$NKE valuation multiple expanded +1.6% despite the stock’s -27% YTD decline 📉📉
#stocks #investing https://t.co/YalyNP3aTK
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$NKE valuation multiple expanded +1.6% despite the stock’s -27% YTD decline 📉📉
#stocks #investing https://t.co/YalyNP3aTK
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Stock Analysis Compilation
Artemis on Ventas $VTR US
Thesis: Ventas capitalizes on demographic trends and limited supply in senior housing, positioning itself for growth in a highly favorable market environment.
(Extract from their Q3 letter) https://t.co/pBZjuqunAs
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Artemis on Ventas $VTR US
Thesis: Ventas capitalizes on demographic trends and limited supply in senior housing, positioning itself for growth in a highly favorable market environment.
(Extract from their Q3 letter) https://t.co/pBZjuqunAs
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Stock Analysis Compilation
Ave Maria Funds on Hermes International $RMS FP
Thesis: Hermès’ scarcity-driven strategy ensures resilient demand and long-term brand equity, making it a standout in the luxury secto
(Extract from their Q3 letter) https://t.co/v9EmGQ90dd
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Ave Maria Funds on Hermes International $RMS FP
Thesis: Hermès’ scarcity-driven strategy ensures resilient demand and long-term brand equity, making it a standout in the luxury secto
(Extract from their Q3 letter) https://t.co/v9EmGQ90dd
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Investing visuals
The S&P 500 $SPY is up a staggering +31% year-to-date. Here's everything you need to know about the $SPY ETF 🔍 https://t.co/wKoAe4KGMZ
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The S&P 500 $SPY is up a staggering +31% year-to-date. Here's everything you need to know about the $SPY ETF 🔍 https://t.co/wKoAe4KGMZ
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Offshore
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Startup Archive
Marc Andreessen on how the best founders navigate the “idea maze”
“Entrepreneurship, creativity, innovation is what economists call decision making under uncertainty. Both parts of that are important. Decision making: you’re going to make a ton of decisions… And then uncertainty: the world’s a complicated place. In mathematical terms, the world is a complex adaptive system with feedback loops.”
Military commanders call this the fog of war: “You’re just dealing with a situation where the number of variables is just off the charts.”
And, as Marc explains, the best innovators deal with this in two steps.
First, they “try to pre-plan as much as they possibly can.” Marc and his partners at a16z call this “navigating the idea maze.” In their head, the best founders try to have as complete of a map of possible futures as anybody possibly could.
Then on Day 1, they’re in the fog of war, and a lot of the assumptions of that idea maze turn out to be wrong. So the founder must reconstruct it on the fly day-by-day as they learn and discover new things.
“The great ones course-correct every single day. They take stock of what they’ve learned. They modify the plan.”
The great ones also tend to think in terms of hypotheses. They tend to think:
“OK, I’m going to go into the world and announce that I’m doing this for sure… And then I’m going to try it. And even though I sound like I have complete certainty, I know that I need to test to find out whether it’s going to work. And if it’s doesn’t, then I have to go back to all of those people and say we’re actually not going left, we’re going right.”
And then they have to run this loop thousands of times.
“You course-correct, you adjust, you evolve. Often, the businesses that end up working really well tend to be different than the original plan. But that’s part of the process of a really smart founder basically working their way through reality.”
Video source: @hubermanlab (2023)
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Marc Andreessen on how the best founders navigate the “idea maze”
“Entrepreneurship, creativity, innovation is what economists call decision making under uncertainty. Both parts of that are important. Decision making: you’re going to make a ton of decisions… And then uncertainty: the world’s a complicated place. In mathematical terms, the world is a complex adaptive system with feedback loops.”
Military commanders call this the fog of war: “You’re just dealing with a situation where the number of variables is just off the charts.”
And, as Marc explains, the best innovators deal with this in two steps.
First, they “try to pre-plan as much as they possibly can.” Marc and his partners at a16z call this “navigating the idea maze.” In their head, the best founders try to have as complete of a map of possible futures as anybody possibly could.
Then on Day 1, they’re in the fog of war, and a lot of the assumptions of that idea maze turn out to be wrong. So the founder must reconstruct it on the fly day-by-day as they learn and discover new things.
“The great ones course-correct every single day. They take stock of what they’ve learned. They modify the plan.”
The great ones also tend to think in terms of hypotheses. They tend to think:
“OK, I’m going to go into the world and announce that I’m doing this for sure… And then I’m going to try it. And even though I sound like I have complete certainty, I know that I need to test to find out whether it’s going to work. And if it’s doesn’t, then I have to go back to all of those people and say we’re actually not going left, we’re going right.”
And then they have to run this loop thousands of times.
“You course-correct, you adjust, you evolve. Often, the businesses that end up working really well tend to be different than the original plan. But that’s part of the process of a really smart founder basically working their way through reality.”
Video source: @hubermanlab (2023)
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Startup Archive
RT @Vinniewijd: One of the best explanations of the paradox of entrepreneurship
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RT @Vinniewijd: One of the best explanations of the paradox of entrepreneurship
Marc Andreessen on how the best founders navigate the “idea maze”
“Entrepreneurship, creativity, innovation is what economists call decision making under uncertainty. Both parts of that are important. Decision making: you’re going to make a ton of decisions… And then uncertainty: the world’s a complicated place. In mathematical terms, the world is a complex adaptive system with feedback loops.”
Military commanders call this the fog of war: “You’re just dealing with a situation where the number of variables is just off the charts.”
And, as Marc explains, the best innovators deal with this in two steps.
First, they “try to pre-plan as much as they possibly can.” Marc and his partners at a16z call this “navigating the idea maze.” In their head, the best founders try to have as complete of a map of possible futures as anybody possibly could.
Then on Day 1, they’re in the fog of war, and a lot of the assumptions of that idea maze turn out to be wrong. So the founder must reconstruct it on the fly day-by-day as they learn and discover new things.
“The great ones course-correct every single day. They take stock of what they’ve learned. They modify the plan.”
The great ones also tend to think in terms of hypotheses. They tend to think:
“OK, I’m going to go into the world and announce that I’m doing this for sure… And then I’m going to try it. And even though I sound like I have complete certainty, I know that I need to test to find out whether it’s going to work. And if it’s doesn’t, then I have to go back to all of those people and say we’re actually not going left, we’re going right.”
And then they have to run this loop thousands of times.
“You course-correct, you adjust, you evolve. Often, the businesses that end up working really well tend to be different than the original plan. But that’s part of the process of a really smart founder basically working their way through reality.”
Video source: @hubermanlab (2023) tweet
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iinvested
It was very good letter from Bronte Capital touching on $REGN, $V, $COF, $DFS, $AXP, $SMMT
Read the full letter here:
https://t.co/ccjFhSPQ2v https://t.co/dppjRFHA3X
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It was very good letter from Bronte Capital touching on $REGN, $V, $COF, $DFS, $AXP, $SMMT
Read the full letter here:
https://t.co/ccjFhSPQ2v https://t.co/dppjRFHA3X
tweet