David P.

Technology. Value Investing.

[David P. @davpow]

“Build a better mousetrap, and the world will beat a path to your door”

[David P. @davpow]

@retrozombi 😆

[David P. @davpow]

@retrozombi Which one?

[David P. @davpow]

@retrozombi A Combination of the formidable crane and tiger styles 🤔

[David P. @davpow]

@retrozombi Invincible Armor (1977)
or
Born Invincible (1978)

[David P. @davpow]

@IFB_podcast @micscofie1d Stock spotlight: This stat about the stock market’s concentration is wild…Apple’s market cap is now greater than the value of every company in the Russell 2000 small-cap index combined.
#StockMarket $AAPL

[David P. @davpow]

@IFB_podcast Individual investors who piled into $BBBY when it was a trendy meme stock last year, you’ll need to take your medicine and move on. In bankruptcy proceedings, debtholders get prioritized over shareholders, so meme-stock traders will be left holding the bag.
#ValueTrap

[David P. @davpow]

Disney has cut its metaverse division as part of 7,000 layoffs, according to the WSJ.
#layoffs2023

[David P. @davpow]

Lucid, the EV startup, is laying off ~18% of its workforce, or around 1,300 employees.
#layoffs2023

[David P. @davpow]

@IFB_podcast Thank you.

[David P. @davpow]

Apple and Microsoft account for a record 13% of the S&P 500

[David P. @davpow]

Silicon Valley Bank's Downfall: A Cautionary Tale of What’s to Come.

[David P. @davpow]

@IFB_podcast Some bank executives did a poor job planning for these asset declines, and their balance sheets suffered. When customers became worried that the banks would no longer have enough money to return their deposits, a classic bank run ensued.

[David P. @davpow]

Meta to cut 10,000 more jobs, eliminate 5,000 openings
Why it matters: It’s the second round of layoffs to hit the tech giant in the past few months.

[David P. @davpow]

After Silicon Valley Bank's collapse on Friday, items featuring the Silicon Valley Bank logo were put up for auction on eBay over the weekend. Some of the items included a cardboard box for $201 and a wine tumbler for $42.

[David P. @davpow]

The Big Bard wolf 🐺 😆

[David P. @davpow]

Google employees test a smarter chatbot. Many Google employees have gotten the chance to test out "Big Bard," a superior version of its Bard chatbot. A version of Bard will ultimately take on OpenAI's ChatGPT.
#BigBard

[David P. @davpow]

@IFB_podcast Can you do an episode on SVB?
“When SVB needed to sell bonds, to raise cash that it could use for its customers’ withdrawals, it could do so only for a discount, taking a loss.
The bank failed to follow basic financial advice: Diversify your portfolio.”

[David P. @davpow]

@IFB_podcast I take this as investment advice. Off to the market to buy stocks now.