Sammo

SaaS Finance. Business strategy. Learning Investor. @UTAustin Alum. #hookem

[Ethan Brooks @alt_w_v_g]

Saturday

Grabbed my laptop to check if the Amazon package I ordered shipped

Saw my analyst's green dot on Teams

Typed "plz fix" and nothing else

He responded in six seconds

"On it but which file?"

Read it

Didn't respond

Sent him a calendar invite for Monday at 7am

Subject line: "Updated Materials Walkthrough"

No agenda
No description
No materials
Nothing I'm aware of that needs to be fixed

He accepted in four seconds

Then he sent a follow-up: "Hey just saw this. Anything I should prep over the weekend?"

Didn't respond

Closed my laptop

My wife watched the whole thing from across the kitchen table

She asked what he did wrong

I said nothing

She stared at me for a long time

She asked why I do this

I said it builds character

She said "his or yours"

I didn't answer that one either

He will now spend his entire weekend rebuilding a model and deck that didn't need rebuilding

He will flag three errors I wasn't even aware of

I will cancel the meeting Sunday night at 11pm with no explanation

The deck will be better than the original

Fear is a leadership tool if you use it correctly

Sent from my iPhone

[Sammo @JG_ITM]

@buccocapital 😂

[Sammo @JG_ITM]

@itsCblast @SimplePTrades What was the strike price 2 years out that was that cheap? What was strike price and current stock price at time of purchase?

[Ethan Brooks @alt_w_v_g]

Board meeting is Thursday

EBITDA is light

Not by much

But enough that the PE associate will ask a question I don't want to answer

So I spent this morning doing what every good CFO does when the numbers don't tell the right story

I changed the story

$340K in consulting fees moved from OpEx to "integration costs" — below the line

$185K in recruiting expenses reclassed to "one-time restructuring" — below the line

$92K in software implementation that's been running for 11 months reclassed as "non-recurring" — below the line

It recurs every year

But it's non-recurring in the way that matters

Which is the way the board sees it

Adjusted EBITDA is now above plan

The PE associate will nod

The controller will not make eye contact with me for the rest of the week

She knows

She always knows

But she also knows that the add-backs are technically defensible

And in finance technically defensible is the only kind of truth that matters

Sent from my iPhone

[Naruto @NarutoNolimits]

Jensen Huang on the smartest person he's ever met;

[Citrini @citrini]

Grant me the serenity to not buy put hedges
The courage to stay bullish
And the wisdom to know that stocks only go up

[Sammo @JG_ITM]

@nicochristie Would love to try it!

[Tyrese Haliburton @Hali]

Overrate THAT

[Sammo @JG_ITM]

@kent_swanson 🔥🤘

[Sammo @JG_ITM]

@buccocapital 😂

[Sammo @JG_ITM]

@aquamantrades @AdamMancini4 @tdtrader7 @jyblazze @wolfposition @avanika27 NL sub here.. and agree on the intraday updates :)

[Sammo @JG_ITM]

@76stacc Send me info please

[Sammo @JG_ITM]

@AdamMancini4 @ILGHomeLoans @dougkamenik Right - that’s why I had asked. Had not considered looking back to Thursday as you had commented. But for example, when zooming out to Thursday on 4H that FBD looks amazing

[Sammo @JG_ITM]

@AdamMancini4 @ILGHomeLoans @dougkamenik Good commentary here, Adam. How far back in time do you consider a failed breakdown?

[Sammo @JG_ITM]

@ACoupleplaybook @AdamMancini4 @_csmalley @RogueAngel678 @JosephJames07 Long time subscriber to Adam. Amazing work and insight always. Have learned a lot. The people you linked above has a course that starts at $5,000…. Adam shares his thoughts in an email for $20/month and responds to tweets. What more did you want?

[Tyler Feldman @TylerFeldman_]

Pure happiness for Texas Ex Scottie Scheffler.

First win as a dad.

Awesome video captured by the CBS team.

[Texas Longhorns @TexasLonghorns]

byeeeee 👋🤘

#HookEm | @TexasSoftball

[Adam Mancini @AdamMancini4]

Every new/aspiring trader should ask themselves bluntly "what is my edge?" because if you can't define it, you likely don't have one. An edge means being a specialist, having a setup or two you've drilled 5000 times & know inside out (for me, its failed breaks). No edge=no profit

[Cory Mose @Cory_Mose]

Days after being drafted Xavier Worthy, Jonathon Brooks, T’Vondre Sweat and Jordan Whittington are working out together on the 40

Sweat on why he’s out there working:

“Because I got to prove the people wrong man. Everybody stereotyping me”
#HookEm | #Texas

Video Courtesy: Kevin Washington IG page

[Adam Mancini @AdamMancini4]

Good trading is knowing when not to trade, as much as knowing when to. If you have an edge, the vast majority of action daily - by definition - won't match it. Task is to sit on hands until the "fat pitch" setup (I use 3 setups) you've drilled 1000x presents. Sidelines the rest