WillAdamsDPT

Doctor of Physical Therapy - Investor - Creator of Moat: An RPG that teaches finance and investing!

[WillAdamsDPT @WillAdamsDPT]

@ivanzstoev10 @oguzerkan "Margins are nowhere near as inflated" is a funny way of saying that they have lower margins haha

[WillAdamsDPT @WillAdamsDPT]

@sachinvats When the far left and the populist right independently grab for the same lever, that lever gets pulled.

But that goes against the commoditization thesis, right?

[WillAdamsDPT @WillAdamsDPT]

@DaveShapi Healthcare is awful. Wages aren't increasing and productivity requirements are blowing up. Dont recommend

[WillAdamsDPT @WillAdamsDPT]

@rathor7_ Pop it over their heads haha

[WillAdamsDPT @WillAdamsDPT]

"Anthropic is eating our lunch, so we must stop them." I was seriously considering starting a position in $MSFT on monday... but this sounds like begging for regulation on a competitor thats beating you.

[Satya Nadella @satyanadella]

https://t.co/vLmiBKTtX3

[WillAdamsDPT @WillAdamsDPT]

@furnuwees @satyanadella That's exactly what he's asking for. To me, it reads, "Anthropic is eating our lunch, so we have to stop them."

[WillAdamsDPT @WillAdamsDPT]

@Bitcoin_Teddy @anthonynoto

[WillAdamsDPT @WillAdamsDPT]

@preetkailon AI slop

[WillAdamsDPT @WillAdamsDPT]

@Flash_6911 @Tim_Sweeney_TAR @stevenfiorillo @anthonynoto 10000 percent was thinking the same

[WillAdamsDPT @WillAdamsDPT]

@Tim_Sweeney_TAR @marketswithmay @frombroke2bull @anthonynoto @basispointpod @stevenfiorillo That would make much more sense. That math works, too. 43% EPS growth per year would mean about 40% in TBV growth over 3 years. I thought Noto had made an error and assumed those retained earnings would also increase TBV by the same percentage.

[WillAdamsDPT @WillAdamsDPT]

Right, I agree net income flows into retained earnings and retained earnings increases shareholder equity/book value.

My question is about the growth rate. If SoFi earns $825M on $9.2B of tangible book, then retained earnings add about 9% to tangible book.

So even if earnings grow 40%, TBV growth should be tied to retained earnings divided by beginning TBV basically ROTCE not the earnings growth rate itself.

Starting tangible book: $9.2B
Net income: $825M
Then book value increases by $825M, not by 40%.
So:

$825M / $9.2B = ~9% book value growth

[WillAdamsDPT @WillAdamsDPT]

@WheelieInvestor @KennyZufall "Them" usually means more than one haha

[WillAdamsDPT @WillAdamsDPT]

@FoxNews Past or future? Or both?

[WillAdamsDPT @WillAdamsDPT]

@greenfield2026 This was not an offering of SOFI sharea

[WillAdamsDPT @WillAdamsDPT]

@PangaStock @amitisinvesting Plus, you are the one making the argument that China isn't importing anything useful. My point is that food and energy are quite important.

[WillAdamsDPT @WillAdamsDPT]

@PangaStock @amitisinvesting Wrong again, haha.

[WillAdamsDPT @WillAdamsDPT]

@PangaStock @amitisinvesting True, food and energy isnt useful... but temu trinkets are greatly valuable.

[WillAdamsDPT @WillAdamsDPT]

@LauraMiers Relax...

[WillAdamsDPT @WillAdamsDPT]

$SOFi

https://t.co/QnybnDMFdb