Ahmad Jivraj
Wanna escape the corporate trap?
Learn to invest wisely
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Wanna escape the corporate trap?
Learn to invest wisely
Achieving true work/life balance requires escaping the corporate trap.
Here are 5 ways you can escape at any point in your career:
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Offshore
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Startup Archive
Sam Altman on how he thinks about OpenAI competitors
“I won’t say we totally ignore competitors. I think everybody pays a little bit of attention and there’s some value. It can give you some inspiration. But… I don’t spend a lot of time thinking about it. We’re just trying to figure out the next paradigm and the next great idea. If other people want to chase to where we are right now, I don’t think that’s going to be a great strategy.”
Sam continues:
“Once you know that something is possible and roughly how to do it, it always gets copied quickly. That’s not the hard part. The hard part is figuring out what it is and doing it first when you don’t know it’s possible. So we’ll keep doing that, and other people will keep copying where we’ve been.”
OpenAI controversy aside, I think this is genuinely good advice for any founder worrying about competitors copying their idea. If your competitors can copy you, you probably need to set more ambitious goals.
Perhaps Elon Musk put it best when he said:
“Patents are for the weak… They don’t actually help advance things. They just stop others from following you.”
Video source: @HarvardHBS (2024)
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Sam Altman on how he thinks about OpenAI competitors
“I won’t say we totally ignore competitors. I think everybody pays a little bit of attention and there’s some value. It can give you some inspiration. But… I don’t spend a lot of time thinking about it. We’re just trying to figure out the next paradigm and the next great idea. If other people want to chase to where we are right now, I don’t think that’s going to be a great strategy.”
Sam continues:
“Once you know that something is possible and roughly how to do it, it always gets copied quickly. That’s not the hard part. The hard part is figuring out what it is and doing it first when you don’t know it’s possible. So we’ll keep doing that, and other people will keep copying where we’ve been.”
OpenAI controversy aside, I think this is genuinely good advice for any founder worrying about competitors copying their idea. If your competitors can copy you, you probably need to set more ambitious goals.
Perhaps Elon Musk put it best when he said:
“Patents are for the weak… They don’t actually help advance things. They just stop others from following you.”
Video source: @HarvardHBS (2024)
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Hidden Value Gems
As a contrarian, I welcome pessimistic news ...but just back from holidays, now in the UK with temp around zero, Labour govt issues, pound, Trump & Musk ambitions, LA fires and so on - it just feels a bit too much...
Do you also find the newsflow more negative than usual, or is it just my psychology?🙄
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As a contrarian, I welcome pessimistic news ...but just back from holidays, now in the UK with temp around zero, Labour govt issues, pound, Trump & Musk ambitions, LA fires and so on - it just feels a bit too much...
Do you also find the newsflow more negative than usual, or is it just my psychology?🙄
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Offshore
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Stock Analysis Compilation
Baron Emerging Markets Fund on Samsung Biologics $207940 KS
Thesis: Samsung Biologics is positioned to benefit significantly from the growing demand for outsourced biopharmaceutical development and manufacturing services, driven by supply chain diversification and increased capacity investments.
(Extract from their Q3 letter)
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Baron Emerging Markets Fund on Samsung Biologics $207940 KS
Thesis: Samsung Biologics is positioned to benefit significantly from the growing demand for outsourced biopharmaceutical development and manufacturing services, driven by supply chain diversification and increased capacity investments.
(Extract from their Q3 letter)
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Hidden Value Gems
"Both [Tesla and BYD] generate similar revenues and offer a similar return on equity, but sales volume is growing twice as fast at BYD, which is rapidly expanding its share of the global market. Yet BYD stock sells at a PE ratio of 15, compared with around 120 for Tesla."
h/t Ruchir Sharma
$TSLA $BYDDF
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"Both [Tesla and BYD] generate similar revenues and offer a similar return on equity, but sales volume is growing twice as fast at BYD, which is rapidly expanding its share of the global market. Yet BYD stock sells at a PE ratio of 15, compared with around 120 for Tesla."
h/t Ruchir Sharma
$TSLA $BYDDF
Food for thought from Ruchir Sharma via @FT
🧵 👇🏼
Ten trends to watch in 2025
1️⃣ Return of the contrarians
History shows that the global economy and markets move in cycles, not straight trend lines. Contrarian investing is rooted in these patterns.
1/11 https://t.co/wkMwOKI2Lp tweet
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InsideArbitrage
The European Commission announced that they have approved the acquisition of Smartsheet Inc. $SMAR by Blackstone Inc. $BX and Vista Equity Partners under the EU Merger Regulation. The Commission concluded that the proposed transaction would not raise competition concerns, given the companies' limited combined market position.
https://t.co/rJ8M9NL1TL
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The European Commission announced that they have approved the acquisition of Smartsheet Inc. $SMAR by Blackstone Inc. $BX and Vista Equity Partners under the EU Merger Regulation. The Commission concluded that the proposed transaction would not raise competition concerns, given the companies' limited combined market position.
https://t.co/rJ8M9NL1TL
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InsideArbitrage
Summit Materials $SUM announced the expiration of the waiting period under the amended Competition Act (Canada) for its acquisition by Quikrete Holdings. The Merger is anticipated to close in the first quarter of 2025.
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Summit Materials $SUM announced the expiration of the waiting period under the amended Competition Act (Canada) for its acquisition by Quikrete Holdings. The Merger is anticipated to close in the first quarter of 2025.
Summit Materials, Inc. $SUM announced the expiration of the waiting period under the HSR Act for its acquisition by Quikrete Holdings, Inc. https://t.co/W4idp06ZhP tweet
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Dimitry Nakhla | Babylon Capital®
Companies often buy back their stock at high prices during economic booms and too little during downturns, which destroys rather than creates shareholder value ‼️
— “Quality Investing: Owning the Best Companies for the Long Term” Page 17 📖 https://t.co/2nlAe3Oi6w
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Companies often buy back their stock at high prices during economic booms and too little during downturns, which destroys rather than creates shareholder value ‼️
— “Quality Investing: Owning the Best Companies for the Long Term” Page 17 📖 https://t.co/2nlAe3Oi6w
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Investing visuals
Amazon $AMZN: AWS is a $103 bln business and a mere 16% of $AMZN's total revenue. That's pretty crazy honestly https://t.co/twUA1Ip9yh
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Amazon $AMZN: AWS is a $103 bln business and a mere 16% of $AMZN's total revenue. That's pretty crazy honestly https://t.co/twUA1Ip9yh
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