Chad Houston

US Marine, MBA Graduate, Financial Analyst

[Chad Houston @Chadwickx]

@thesamparr Most EBITDA adjustments are BS. But here’s a real one:

A small biz owner pays themselves $1M/yr. They sell to PE, and the new owners will hire a replacement for $100k.

That’s a valid $900k add-back to adjusted EBITDA.

[Chad Houston @Chadwickx]

I just published Why That ‘Great Deal’ on BizBuySell Is Probably Overpriced https://t.co/y3s9FHONTz

[Chad Houston @Chadwickx]

@thedakotatyler yeah, right. Prove it

[Chad Houston @Chadwickx]

@elonmusknews30 yes

[Chad Houston @Chadwickx]

@maddenifico This is so cringe. No 15 year old refers to themselves as a child. Clearly a parent made the girl recite these untrue words. Psychological child abuse in action

[Chad Houston @Chadwickx]

@AndrewBolis Hustle

[Chad Houston @Chadwickx]

@elonmusk Trump can't drop to his knees to suck off Putin quick enough

[Chad Houston @Chadwickx]

@RadioGenoa @MattWRoberts how come we can't have protests like this in America?! I love these women's passion!

[Chad Houston @Chadwickx]

@cattienle cuz you about to shart

[Chad Houston @Chadwickx]

@CollinRugg Just like in 2020, I think most people are just not voting for Trump; not necessarily for Kamela. She's just the only other option.

[Chad Houston @Chadwickx]

@skyelopezx double bagging it for sure

[Chad Houston @Chadwickx]

@elonmusk Not true on my computer. As soon as i type the D after president, his picture and all pop right up

[Chad Houston @Chadwickx]

It would be quite interesting if @JoeBiden @POTUS stepped down to allow @KamalaHarris @KamalaHQ to be President for the next few months, she could prove herself to the American people. Lock down the border, deport some illegals and Trump won't have much to run against

[Chad Houston @Chadwickx]

@elonmuskADO yes

[Chad Houston @Chadwickx]

@GovRonDeSantis In America, the rule of law should be applied in a dispassionate, even handed manner, except for when it involves Dear Leader Trump. Long live dear leader dictator.

[Chad Houston @Chadwickx]

@MattWRoberts Absolutely not! No mayo!! Meat is juicy enough as is

[George Mack @george__mack]

In 2001, Warren Buffett gave a talk at the University of Georgia.

He asked them the most Warren Buffett question ever:

• If you could invest in a friend and get 10% of their income for life -- who would you pick?

Once the students answered the question, he then asked this:

• Why would you invest in that person?
• What character traits do they have?

Now they have a list of character traits to adopt.

Shortly after this, Buffett asked:

If you could short a friend's earnings, who would you pick and why?

Now you have a list of character traits to avoid.

----

1. Do not think this thought experiment is only about money.

You can use it for whatever currency you value.

E.g. Happiness coin

If you could get 10% of a friend's happiness, who would you invest in and why?

If you could short someone's happiness, who would you pick and why?

You can run the same thought experiment with Fitness coin, Friendship coin, Romance coin, etc`

2. This thought experiment is genius because it hacks a bug in life's video game:

Humans are terrible at self-awareness.

But we are great at spotting things in other people.

E.g. If your friend is in the wrong relationship, you can realize in 10 minutes what may take them 10 years.

Daniel Kahneman summarised his book on cognitive biases with the following:

“The premise of this book is that it is easier to recognize other people’s mistakes than our own.” - Daniel Kahneman

3. Nuance - It has to be purely from merit.

Buffett says it can't be because someone will inherit a large sum from their parents.

It has to be based on their behavior.

E.g. If you want 10% of someone's fitness coin, it's not because of incredible genetics -- is has to because of the actions they take.

[Chad Houston @Chadwickx]

@cherrycrushTV No. Absolutely not. Don't even think about it.

[Chad Houston @Chadwickx]

@thedakotatyler hi

[Chad Houston @Chadwickx]

@funsizedxasian 3 day marinated pink taco