Tom Engle has lived off of his portfolio for 40 years.
No inheritance. No lottery winnings. Just 9 years of saving from an averge salary.
How? He's a great investor with a BRILLIANT cash management strategy.
Here's how it works:
A 26-year-old programmer built a $1 billion app in two years after following his girlfriend's advice.
This is the story of how a failed passion project turned into one of the most iconic apps of our time:
Game theory on the Bing announcement…
Microsoft is trying to lower Google’s search margins which will make it harder for Google to continue running Cloud and other competitive businesses at a loss.
Google processes ~8.5 billion searches per day. The noise around Bing/AI will force Google to release an AI chat feature within search. The current inference costs for LLMs are significantly higher than search - likely 10x or more. In addition, the monetization model for AI chat is unclear, but it's likely different than the ad-based model Google has mastered.
Google's search business is highly profitable and funds other loss-making business lines. Historically, they have operated cloud at a loss (-$480mm in Q4 FY22) to compete more aggressively. Lowering search margins applies pressure to every other Alphabet business…many of which are competitive with Microsoft.
I have an MBA and am working as an equity fund manager on Wall Street.
I’ll teach you the basics of a
- Balance Sheet
- Income Statement
- Cash Flow Statement
In a few minutes.
‘VIJAYANAND’: BIOPIC ON PADMA SHRI AWARDEE DR VIJAY SANKESHWAR… WILL BE A PAN-INDIA RELEASE… A biopic on the life of #PadmaShri awardee Dr #VijaySankeshwar - owner of the largest fleet of commercial vehicles - is all set to release… Titled #Vijayanand.
🧵 Ratios can help you a lot to analyze a company.
Do you want to look at the healthiness of the balance sheet, valuation or profitability?
Look at these 12 ratios to improve your investment success ⬇️
There is nothing worth doing that is not scary. There is no one who has achieved greatness without wrestling with their own doubts, anxieties, limitations, and demons.
@GRDecter NYSE doesn’t own the stocks it trades.
Citibank doesn’t own the money it lends.
Thomas Cook doesn’t own the hotels or airlines it sells.
New or old. Facilitation businesses charge the rent to connect.
1. Finding your true self is an act of love. Expressing it is an act of rebellion.
2. A sign of growth is having more tolerance for discomfort. But it’s also having less tolerance for bullshit.
3. Who you are is not your fault, but it is your responsibility.