@andykessler@federalreserve wsj editorial stoops to lows where it’s acceptable to think a diverse board contributed to a distraction and hence causing the crisis. Looks like one doesn’t really need any qualification or data to make sweeping claims, and we pay to get substandard unverified articles.
@andykessler@federalreserve wsj editorial stoops to lows where it’s acceptable to think a diverse board contributed to a distraction and hence causing the crisis. Looks like one doesn’t really need any qualification or data to make sweeping claims, and we pay to get substandard unverified articles.
@Tesla@elonmusk I bought a Tesla new model without the sensors. When will you roll out the camera vision updates? I want the proximity indicators during parking.
Came back from Disneyland and it was truly magical!
It really is a fairytale land when you can pay your workers minimum wage for a grinding job and yet they are smiling and happy all the time.
If you invested $10,000 in Berkshire in 1965, it would be worth $109m by 2017.
However, if Buffett charged a 2/20 fee structure, that $10,000 would be worth $8.9m.
This is why fees matter over the long run, they muzzle the effects of compounding.
Every startup founder is “crushing it”, but in 2011 I sure wasn’t. After @ycombinator demo day in August 2011 I got jealous of a friend’s fast traction, forgot to eat for three days, and nearly let it destroy @Segment when we were still just a classroom lecture tool. A🧵 1/20
I made $0 online in 2019.
3 years later:
- 100M+ impressions
- $1.7M in online income
- 4 successful revenue streams
What changed?
I started writing online every day.
Here's my simple 4-step process.
[Short 🧵]
Keep hearing of train burglaries in LA on the scanner so went to #LincolnHeights to see it all. And… there’s looted packages as far as the eye can see. Amazon packages, @UPS boxes, unused Covid tests, fishing lures, epi pens. Cargo containers left busted open on trains. @CBSLA
1/
Get a cup of coffee.
In this thread, I'll walk you through Shannon's Demon.
This is an investing "thought exercise" -- posed by the great scientist Claude Shannon.
Solving this exercise can teach us a lot about favorable vs unfavorable long-term bets, position sizing, etc.
Chart of the Day:
@Apple’s advertising business has more than tripled its market share in the six months after it introduced privacy changes to iPhones that obstructed rivals, including @Facebook and @Google, from targeting ads at consumers.
*A Thread*