Amit Wilson

Money-gyan & dad-jokes

Newsletter: Money Talks

[Amit Wilson @amit_wilson]

"Some good things happen in India because some people are difficult."

To more difficult people!

https://t.co/miczjW361L

@manujosephsan

[Amit Wilson @amit_wilson]

@ravihanda The average is the wrong metric for data like this (power law) where one MFD with a lakh crore AUM can skew the average a lot.

Median is a better measure.

Like Bill Gates in a stadium will skew the average wealth a lot. But the median number won't change much.

[Pooja Kothari @Pooja_Kothari]

I dissected a cockroach for an exam decades ago, and thought I was done with it. Three decades on, I found much to learn. Here's sharing My Tryst With Cockroaches https://t.co/JGeWPpXEPZ

[Amit Wilson @amit_wilson]

@mkatju @maryashakil @tajmahalfoxtrot @mkvenu1 @ShashiTharoor @abhisar_sharma @paranjoygt @ravish_journo @ARanganathan72 @pbhushan1 @RamaNewDelhi @ShekharGupta @navikakumar @RShivshankar

[Amit Wilson @amit_wilson]

@wonderchef there is not submit button on your warranty registration form.

[Finding Compounders @F_Compounders]

Ted Weschler’s statement on his IRA. Ted grew his IRA, which he converted to a Roth IRA in 2012, from $70 000 to $264.4 million

“The investing success of this account has been a function of careful stock selection, exceptional luck and a multi decade time period”

[Jeff Dye @JeffDye]

😂. Who made this. This is great.

[Triple Net Investor @TripleNetInvest]

Warren Buffett thoughtfully explains why investing in stocks/equities is better than real estate, during Berkshire's latest annual meeting:

"In respect to real estate, it's so much harder than stocks in terms of negotiation of deals, time spent, the involvement of multiple parties in the ownership.

Usually when real estate gets in trouble, you find out you're dealing with more than equity holder. But there have been times when large amounts of real estate...

I've changed hands at bargain prices, but usually stocks were cheaper, but there were a lot easier to do.

Charlie did more real estate. Charlie enjoyed real estate transactions, and he actually did a fair number of them in the last five years of his life.

But he was playing a game that was an interesting game to him. But I think if you'd asked him to make a choice when he was 21, he'd either be in stocks exclusively the rest of his life or real estate the rest of his life. He would have chosen stocks in a second.

There's just so much more opportunity, at least in the United States. There's so much more opportunity that presents itself in the security market than it does in real estate and in real estate.

You're usually dealing with a single owner or a family that owns maybe a large property they've had a long time. Maybe they've borrowed too much money against them. Maybe the population trends are against them. But to them, it's an enormous...

When you walk down to the New York Stock Exchange, you can do billions of dollars worth of business totally anonymous, and you can do it in five minutes. And the trades are complete when they're complete.

In real estate, when you make a deal, a big deal with a distressed lender, when you sign the deal, then you go into another phase. Then people start negotiating more things and more things. It's a whole different game. And a different type of person, to some extent, enjoys the game.

We did a few real estate deals that came our way in 2008 and 2009, but the amount of time that they would take us compared to doing something intelligent and probably better in securities, there was just no comparison.

I mean, in a real estate deal, every sentence is important. In stocks, if somebody needs to sell 20,000 shares of Berkshire or something and they call us and the price is right, it's done in five seconds. And it closes all the time."

[Amit Wilson @amit_wilson]

"the assembly labor that might cost $30 per phone in China could cost $300 in the U.S."

iPhone + tariffs: even if mfg moves onshore to the US, costs will rise, i.e. inflation & higher cost of living

https://t.co/wsKu3PvOWj

[Mark Cuban @mcuban]

We think tariffs are about bringing back manufacturing. Talk to small businesses first

[Amit Wilson @amit_wilson]

@SundayTweeter @MadAboutStocks_ https://t.co/T67fmlA7Al

#FMF30 Rainbow?

[Ron || Mad About Stocks @MadAboutStocks_]

A smart promoter is a GREAT CAPITAL ALLOCATOR.✅

Shot this picture today at Rainbow Hospitals, Financial District, Hyderabad.

Had taken my daughter for her 13th month vaccination, ended up doing scuttlebutt too 😅 #FMF30

#Infertility

Biased . No Recommendation 🙏

[Kevin Carpenter @kejca]

Warren Buffett: "The idea of spending loads of time trying to guess how many iPhones or whatever it may be are going to be sold in a given three-month period — to me, it totally misses the point."

"Nobody buys a farm based on whether they think it's going to rain next year."

[Amit Wilson @amit_wilson]

Words of wisdom for those worried about the stock market.

[Amit Wilson @amit_wilson]

Congratulations to the early bird winners of Go Laadli's Media Literacy Campaign! 🎉 🎉 🎉

The Dr. Wilson Memorial Reading Program is thrilled to support Go Laadli's mission to empower girls.

Enjoy your new books!

@theheerasharma

[Amit Wilson @amit_wilson]

Did someone say H-1B visa?

[Amit Wilson @amit_wilson]

@aditya_kondawar https://t.co/qgbfctJXcf

[Amit Wilson @amit_wilson]

@suru27 Have you looked at Remarkable?

[Amit Wilson @amit_wilson]

@_svs_ Have fun. Send photos.... and reviews 😃

[Amit Wilson @amit_wilson]

@_svs_ One of these things is not like the other. 🤫

[Amit Wilson @amit_wilson]

In case you are asking "kya lagta hai?":

"the market moves because, well,
it moves. Such is the nature of markets. The proximate causes of market move-
ments are unknown, and in my view, unknowable."

- Pulak Prasad, What I Learned About Investing From Darwin