Buy Low, Sell Never

[Buy Low, Sell Never @LeveredBetaBoi]

This memory cycle has been absolutely crazy. Never seen anything like it. Cyclical or structural shift? “This time is different”….

[Buy Low, Sell Never @LeveredBetaBoi]

@TradexWhisperer Kudos. Any thinking on trimming along the way?

[Buy Low, Sell Never @LeveredBetaBoi]

@GlenKacher @chamath This is spot on, managers with a mandate outside of semis will have difficulty drifting out of their lanes

[Buy Low, Sell Never @LeveredBetaBoi]

@chamath I know you know this, but once the build out is complete (who knows when that will be) and demand is sustained, hyperscalers *should* print FCF

There will be drawdowns along the way re: lack of ROI for Enterprises, but the labor market is huge and new uses cases will emerge

[Buy Low, Sell Never @LeveredBetaBoi]

@RichardDias_CFA @chamath My two favorite podcasts combined into one @chamath

[Naval @naval]

How to Get Rich (without getting lucky):

[Philippe Laffont @plaffont]

1/ How do you build long term performance?  Warren buffet is 90. Half of his net worth was accumulated in the first 60 years and another half in the last 10. So stay healthy because the last 10 years matter! But what are the super long term skills every investor needs to master?

[Naval @naval]

The three big decisions - what you do, where you live, and who you’re with.