Amos

Views are my own only.

[Amos @AmosT85]

@GergelyOrosz @dnystedt Visited them on a Friday evening during a TMT bus tour.
Rest of tech peers chilling wfh but you could feel the energy of everyone working in HQ.

[Patrick OShaughnessy @patrick_oshag]

Paul Tudor Jones on what he learned from Warren Buffet:

"I used to teach a class and my big lesson is you're going to make your money by riding a trend for the longest time.

I used to sit there and rail on Warren Buffett year after year.

I'd say he just happened to be in the right place at the right time and caught this bull market.

Our fund has a minus 0.12 correlation with the S&P 500 over 40 years. So 100% of our returns are alpha.

That's the difference between investing and trading.

I was just thinking, why couldn't I be Warren Buffett? Just believe in America, and when you're down 50%, who cares, because America's gonna bring you through.

I feel like I've been a right guard in the NFL for 50 years, fighting in the trenches every day.

I've always envied that belief system. It's worked so well for so long.

He understood the power of compound interest at nine years old. What a genius."

[Ed Zitron @edzitron]

SoftBank’s investor presentation is one of the greatest things ever made. I’ve been thinking about it all day. These are the real slides shown in a speech where Masayoshi Son said he wouldn’t retire for at least another decade. The goose stuff is perfect.

https://t.co/sk9cDhdWIE

[Amos @AmosT85]

@jukan05 Thanks

[Finding Compounders @F_Compounders]

Warren Buffett had his dad take him out the will because he knew he would be rich anyway

Interesting

[Amos @AmosT85]

@jasonschips No Wolfspeed?

[Amos @AmosT85]

@pequityresearch Better to buy Korean department stores shinsegae. The entire index is up 100%

[Amos @AmosT85]

@ebitdaddy90 1 Buyside initiation report which took 2 wks now 5-10 mins 2 Industry supply & demand that took 1-2 wks now 10-15 mins 3 S&D followed by price assumptions and company model and assumptions now 5-10 mins as well.

[Amos @AmosT85]

@OmerCheeema Bring on the Apple playbook...

[Invest Like the Best @InvestLikeBest]

This episode with Paul Tudor Jones was full of stories, ideas, and quotes on life, investing, markets, and kindness.

Here are the ones we liked most:

1/ You retire, you die.

2/ The traits of a great trader: Type A personality, incredibly curious and inquisitive, loves competition, and loves games.

3/ One simple act of kindness can have waves of betterment.

4/ The components of a good life: God, family, friends, fun, and service.

5/ Execute at the maximum apogee of fear as well as greed.

6/ My significance, first and foremost, is going to be my family.

7/ You're only worth what you can write a check for tomorrow.

8/ You're gonna make your money by riding a trend for the very longest time.

9/ What have you done that has allowed other people to better their station in life? That's the most significant thing.

10/ Information overload distracts from exquisite execution.

11/ Find peak spring and peak fall. You can feel the energy. You feel God in those moments.

12/ Anyone that's really succeeded in investing or trading is first and foremost a great risk manager.

13/ Everything is about the reps. Pretty soon you take "I should" and it becomes "I am."

14/ You have these incredible opportunities at times if you just sit and wait.

15/ Have God in your life. You've got to have some code by which you live.

16/ The idea of owning something for the long run is laughable when you see how much money you can make by trading in the short run.

17/ "I'd like to make an absolute pot of money so I can give it away. I actually feel like this is the pursuit of nobility."

18/ I get joy out of thinking about my funeral, because I'm so excited about the songs I've chosen.

19/ The simplest, most important thing we can do is demand that all AI is watermarked.

20/ The professional aspects are great tools that allow you to do more meaningful things in the things that count.

21/ Communicate in the quickest and most concise fashion you can, where you get your entire point across in the shortest amount of time.

22/ Humbly devote yourself to finding the kindness and goodness within yourself, and transmit that to somebody else.

23/ You don't have to worry about yourself. You have to worry about how you're going to brighten someone else's day.

[Amos @AmosT85]

@PythiaR Mark Lipacis and Jon Chappell, technicals team and Econs team (Ed Hyman) imho

[Kevin | Large Fam Dad @LargeFamDad]

My boss's boss is like 42, never married, no kids. Earns $275-300K per year. Goes on a minimum of two international vacations a year w/ his girlfriend. 10+ days, all out.

Eats the best food, stays in top notch accomodations. Excursions, tours, nicest beaches, etc.

Great guy, I'm happy for him.

But what I've realized is that without kids, you end up chasing a lifestyle that has to continually be topped in order for you to be satisfied and find happiness.

What he and others like him don't understand is that when you have children, seeing THEM experience life's most basic things and watching their eyes light up at all the "firsts", brings greater pleasure and joy than any vacation or travel experience ever could.

Seeing THEM try blueberries for the first time is greater than dining at the best 5 star restaurant in Europe.

Seeing THEM learn how to walk is greater than walking the Great Wall of China or strolling along the most picturesque beach.

Watching THEM giggle uncontrollably at "peek-a-boo" tops any A-list comedian act.

Seeing THEIR excitement when building a fort out of cardboard boxes and making a door big enough for daddy is superior to staying at 5-star resorts.

Flying kites with THEM far outweighs excursions like parasailing or helicopter rides.

Seeing THEM perform a recital on stage for the first time is more rewarding than watching a Broadway show or top notch symphony orchestra.

-----------------

When you have children, all of a sudden you realize that life's greatest joys are not in the pursuit of things or pleasure or travel, but rather in the LOVE and bond you share with your very own image bearers.

Seeing the beauty and magnificence and wonder of life all over again for the first time through THEIR eyes and expressions gives you something the world simply cannot offer, nor even come close.

[Amos @AmosT85]

@jukan05 Thanks. Threat to Mitsui Kinzoku or unrelated?

[Sahil Bloom @SahilBloom]

The older I get, the more I realize intelligence is overrated. Intelligent people are more likely to overthink, overplan, and overanalyze. They hide behind motion that doesn't create progress. They fear the judgment of others if they're proven wrong.

The truth is that intelligence is abundant. Courage is not. The people you admire are the ones who had the courage to act. They aren’t more talented than you. They aren’t smarter than you. They just took action when you didn’t.

I often wonder how many extraordinary people wasted their entire lives waiting for permission that never came. Permission isn't granted. It's taken. You get to tap yourself in whenever you want. You can just do things.

Courage beats intelligence.

[The Transcript @TheTranscript_]

Druckenmiller: "...I would literally like throw up like once or twice a week, just from anxiety when I'd have a drawdown and so forth. And at some point in my career, I learned that you're going to continue to make mistakes, you're going to continue to get emotional. You're going to continue to have that happen from now and then. But you've got a gift. And just stop torturing yourself for like 48 hours or maybe longer over this because you've been doing this long enough and the record is there long enough that it's no longer like random accident, which I did not believe for like 15 years. So the hard lessons have been like hundreds of mistakes, but that they're just a moment in time. And when you have these drawdowns and if there's money managers listening to this and you're good, it's easier said than done. Just get over it and move on"

[Amos @AmosT85]

@Toronto242M @mineralstocks XW1 on Bberg. Thermal coal producers are the same as crude oil producers - you get exposure for the entire curve but the tightness is going to be at the front-end curve given that the duration for this could be fairly short but potentially very sharp. May not be so for back-end.

[Amos @AmosT85]

@CousinGraig @PythiaR Believe Jensen has already blessed it during the software selldown. Cadence had reasonable earnings earlier this week too

[George Hadjia @GHadjia]

One of the best articles I’ve read on the SaaS debate. Thankfully not AI-produced drivel like some of the other AI/software debate articles being widely circulated on here.

[Ian Cassel @iancassel]

Been through a couple commodity cycles where in a matter of 12-months everyone becomes "an expert" and piles into a narrative. Don't use ATH commodity prices (or even higher prices) to justify buying a resource stock. If you can't justify the investment based on commodity levels 25% lower (in some cases 50% lower) you pass. And if the commodity does go 25% lower from here the equities will probably go 50% lower so just live in reality not make believe. All of this is to say be cautious - the real money is made buying resource stocks when the underlying commodity/resource is near lows and then being willing to wait years to be right and make 1000%+ in a year or two when it turns.