Kobe De Franze

Be less wrong

[Kobe De Franze @RealKobiis]

@chartistryta The problem with this one isnt the technicals, it's the fundamentals; $PDD is under massive scrutiny by the SAMR. They got over 100 agents at their headquarters doing active raids rn. An official investigation could be announced any minute

[Kobe De Franze @RealKobiis]

Where tf is Tyrique Stevenson?@ChicagoBears

[Barstool Sports @barstoolsports]

Will Compton lays out the parameters for the All White vs All Black Bowl @_willcompton @BussinWTB @R_Mendenhall

[Nick Huber @sweatystartup]

I drank a lot of beer in college. Stayed out too late.

Over half the team didn’t drink during the season to “take track more seriously.”

I became a D1 All-American in Track and left with 4 school records.

There is something to be said for not taking things too seriously.

[Holden Culotta @Holden_Culotta]

@stclairashley Nikki Haley’s blank stare when he said she couldn’t name three provinces in eastern Ukraine

[Kashyap Sriram @kashyap286]

I’m gratified by the response I received on my previous thread highlighting Nvidia’s $NVDA accounting tricks and buyback shenanigans.

Q3 was more of the same. Let's get into it.

🧵

[Paul Gabrail @EMPaulG]

Well if this isnt the ultimate quote for bubbles. Buffett always says that every bubble is started bc of a good idea.

The biggest mistake I see “investors” make is that their investment idea is purely qualitative. But as Prof Aswath says, a story without numbers is just a fairytale.

[Historic Vids @historyinmemes]

In the 1970s, North Korea ordered 1,000 Volvo cars from Sweden, as a response to its emerging economy. The cars were shipped and delivered but North Korea just didn't bother paying and ignored the invoice. To this day, the bill remains unpaid, making it the largest car theft in history.

[Schwab Network @SchwabNetwork]

🗣️ 𝘾𝙧𝙪𝙢𝙗𝙨 𝙖𝙧𝙚 𝙝𝙚𝙧𝙚! 🥐🥐

𝗟𝗜𝗩𝗘 ➡️ @jam_croissant breaks down the latest trends in volatility and what to expect from the Fed with @OJRenick: https://t.co/9YGu1ApzG8

[Kobe De Franze @RealKobiis]

@sanhks @joecarlsonshow @JonahLupton Qualtrim. @joecarlsonshow created it himself, highly recommended

[Massimo @Rainmaker1973]

Perfectly matching and replicating colors just by seeing them is an art, and, while it's also a very useful task, people who can do this are primarily artists.

[Paul Gabrail @EMPaulG]

I feel that the most misunderstood and misused word in investing is “risk”

People often confuse risk with volatility. Something can be volatile and not risky, and something can be risky and not volatile.

With that said, risk is also about YOUR understanding, and not the market and its participant’s understanding of the asset. Risk isnt inately in the asset that has been purchased.

The goal for any investor is to find areas they understand better than most and to find mispricings in those areas that arent understood by the massss.

To me, risk is based on 1.) the price you pay for an asset and 2.) your understanding of that price relative to its intrinsic value

If I offer you an iphone 15 for $100000, it is far riskier than an iphone 15 for $100.

Same asset. Different price. Different risk.

Think about the tops snd bottoms of markets. Would you rather have bought in March of 2000 at 1500 on S&P or March of 2009 at 666 on S&P?

Would you rather have bought real estate in 2006 or 2009?

I dont buy #bitcoin bc even bitcoin “experts” cant explain why $300 vs $3000 vs $30,000 is the right price. They just talk qualitatively.

I dont own $NVDA or $TSLA bc the assumptions I have to make to justify todays price doesnt make sense to me relative to the cash flows that would likely occur from those assumptions.

Could my assumptions be wrong? Of course!

I own $pypl and $sfm and 10 other stocks bc even tho their prices could very well decrease, I feel I have enough margin of safety and understanding of their cash flows to give me a good LONG TERM return. Far better than the future cash flows of high flying hype stocks followed by the masses.

Understand risk by understanding your areas of competency and then figuring out if you can properly come up with intrinsic value for the asset. Factor in both qualitative and quantitative aspects to come up with proper intrinsic value.

[Nicholas Moreano @NicholasMoreano]

The #Bears have Larry Borom and Teven Jenkins pull to the right.

Darrynton Evans gets the pitch to the left.

The Vikings stop this play for -5 yards.

What is happening?

[Fausi @thatguyfausi]

@jasrifootball It’s safe to say Steve smith was right.

[Elon Musk @elonmusk]

This clip is 9 years old

[Mr.Twentyeight @Mr28trades]

I died at this 😂

[Amiri King @AmiriKing]

A lifelong NY resident gets confronted by the security team at a migrant housing facility.

Funniest shit you’ll see all week. 😂

[Swordfish @Swordfishv44183]

Japan, the BOJ, and why the spread trade may collapse.

A 🧵

[Kobe De Franze @RealKobiis]

@Cobratate Coffee naps do hit different