Turtle Capital

liquor, ladies and leverage

[Turtle Capital @TurtleCapMgmt]

@pekwat It never ceases to amaze me how wildly rich good storytellers can get without generating actual value

[Turtle Capital @TurtleCapMgmt]

@Premski_SGP @fintergirl @MikeFritzell There is M&A subsidization. Just look at their investments in associates and JVs

[Turtle Capital @TurtleCapMgmt]

@escvel0city11 Maybe it’s the benchmark that is too high

[Turtle Capital @TurtleCapMgmt]

@blueprintsmb22 @PrivatEquityGuy Yes

[Turtle Capital @TurtleCapMgmt]

Outstanding

https://t.co/WeobxOXuAp

[Turtle Capital @TurtleCapMgmt]

Michael Steinhardt's pitch structure

Source: https://t.co/NuVqgO64bg

[Turtle Capital @TurtleCapMgmt]

Bain Capital has been very active in Japan

[Turtle Capital @TurtleCapMgmt]

@breadcrumbsre @ebitdaddy90 Very few FOs run their public equities portfolio with a high disregard for short and medium-term price volatility

[The Transcript @TheTranscript_]

$AMZN CEO on DeepSeek & inference costs:

"The cost of inference will substantially decrease. What you heard in the last couple of weeks at DeepSeek is just one piece of this, but everyone is working on it"

[Turtle Capital @TurtleCapMgmt]

@skaalywag SAAS KPI

[Turtle Capital @TurtleCapMgmt]

@Biohazard3737 $57 in that case was only the assembly cost. It doesn't include the materials

[Turtle Capital @TurtleCapMgmt]

@JerryCap https://t.co/XkDTtBA1bX

[Turtle Capital @TurtleCapMgmt]

@MikeFritzell @Biohazard3737 Shifting spend to Japan?

[Turtle Capital @TurtleCapMgmt]

Instead of telling, showing

[Turtle Capital @TurtleCapMgmt]

@Amarillo_Slim1 Shein is building a local marketplace presence in Brazil. They are also building local fabs for the 1P business

[Turtle Capital @TurtleCapMgmt]

I still remember 1y ago Cathie Wood saying that NVDA was expensive at 20x sales and preferred PATH and TSLA at 6x sales 🤦🏻‍♂️

[Turtle Capital @TurtleCapMgmt]

@GloboGymCapital Head of Research?

[Turtle Capital @TurtleCapMgmt]

@pekwat They just need to get better at transcript search and then it will be top notch

[Turtle Capital @TurtleCapMgmt]

@varianceswap Why would you not include these?

[Turtle Capital @TurtleCapMgmt]

But how do you get into the position of having that talent underneath you? Accumulating wealth and knowledge that they don't have. Then you offer a piece of the pie. There's no free lunch

[Turtle Capital @TurtleCapMgmt]

One important takeaway from Mitch Rales's interview: having great people working for you is a powerful source of leverage, especially if you think they're better than you (or potentially will be over time - see how Larry Culp was bred to be Danaher's CEO)