fei xian lee

[fei xian lee @feixianlee]

prompt:
help me deposit my USDC balance to deposit into yield strategies on base chain so that i can earn yield with my idling usdc while i am waiting for good trading opportunities

[fei xian lee @feixianlee]

Finance District wallet agent swapped tokens and earn yield on idling funds.

[Finance District @FD_XYZ]

Give your AI agent $5 and a wallet. See what it comes back with 🤖 #ProofOfAgent

Set up an Agent Wallet, fund it, and show us what your agent does with it.
2,000 FDUSD split between 20 winners. Plus the first 50 to fund get 20 FDUSD back.

To enter:
👉 Follow @FD_XYZ + like this post
👉 QRT with your agent's use case (the prompt + what it did) and your Agent Wallet address
👉 Set up + fund your Agent Wallet (min $5): https://t.co/7CAhUQtH2A

Closes 23 Sep, 23:59 UTC.
Full rules + eligibility: https://t.co/arsgNNyUZ6

[fei xian lee @feixianlee]

verify at https://t.co/3EOyxuvUEQ

[Jensen Huang @JensenHuang]

For my first post, I’m sharing a letter @NVIDIA signed on why open models matter.

AI will transform every industry, power every company, and be built by every country.

Open models strengthen safety and cybersecurity, accelerate innovation and diffusion, and enable sovereignty.

The world needs both frontier closed models and frontier open models.

https://t.co/AUKzoQ5Ikb

[Chicken Genius @chickengenius]

Why I went all in $SATS

Here’s the maths:
SpaceX IPO at $135
SpaceX S1 disclosed Echostar owns 261.8 million shares

🔸$135 X 261.8 million shares = $35 Billion

While echostar was worth less than $35 Billion yesterday

Question:
Do you really think that you can put a $135 limit order on ipo day to get the shares?
NO!! Hyperliquid premarket AT $180 already 😂

Your best chance is do a market order buy on $sats before spacex ipo if you are bullish on spaceX

Here is where it gets crazier:
FCC APPROVED deal $22.65 Billion Cash for selling low to mid-band spectrum to AT&T

🔸So that’s worth ZERO? or NOBODY FKING CARED LMAO

My valuation ex- spaceX:
Net cash after debt paydown
$8.5 billion
Remaining unsold spectrum
$10 billion
Core operating business
$10 billion
Total Ex-SpaceX $28.5 billion

🔸Value per share EX- SpaceX ~ $86 ( Conservative )

Now let’s go from crazier to NUTS:

Short interest is 31% !!!! WTF LMAO
But the issue is founder owns 50.5% stake and 86.8% voting rights.

So the short interest on the remaining whatever available float? What’s that? 60++++%???

Seldom market hands you free money. When it does, go all in.

____

P.S. I seldom write long thesis anymore. Why? The hardworking ones will be rewarded with their own DD. You make your own conviction rather than relying on me for customer support.

And what do you want more when I put my own $$ on the line? Who does this transparently? Action speak more than words.

Once in a while, I'll write. But don't count on me mansplaining often. It's better for you to build your own conviction.

[IXS @IxsFinance]

How Blockchain is Disrupting the $732B Global Film Industry 🎬

Imagine owning a share in a movie’s success—box office revenues, streaming royalties, and merchandise—directly from your phone.
Demon Hunters is pioneering tokenized film investment, making this possible. Here’s how 👇🧵

[Daniel Mahncke @MnkeDaniel]

The most legendary speech of Peter Lynch.

A lecture on the 10 most dangerous mistakes Investors make.

If you have never watched it, you must catch up on this:

[Brandon Beylo @marketplunger1]

Bruce Greenwald invited Li Lu to speak to his class on value investing.

The result is a 90 minute masterclass on how to be a value investor.

If you haven't watched the video, do it now.

If you have, it's worth re-watching.

Here is a list of my favorite quotes from Li Lu 👇

PERSONALITY OF A VALUE INVESTOR

• "Understand who you are as an investor, because you will be tested. You will have to ask yourself if you truly are a value investor."

• "Value investing goes against our evolution of following the crowds to survive."

• "You will spend most of your time as an investigative journalist. To have insatiable curiosity."

• "You almost have to be curious about everything. Because you never know where you'll get that one major insight."

INVESTOR CRITERIA

• Is it cheap?

• Is it a good business?

• Why is this opportunity available to me?

"Once you answer those questions, you really have to go for it."

INVESTMENT CASE STUDY 1: TIMBERLAND

• "The first thing I check in a company is it's valuation."

• "If you're an investor you don't care where it traded before."

• "What matters isn't the price-to-book ratio itself, but what's in the book value."

• "You want to compare the capital invested in the business to how much pre-tax cash flow the business generates using that capital."

• "So Timberland generated $100M on $200M in capital invested. So why does the opportunity exist?"

- Nike, Reebok, all the shoe brands fell off a cliff during the Asian Financial Crisis.

- Founder owns 40% of the stock

- Company was profitable and didn't need financial markets (no sell-side)

- Tons of shareholder lawsuits

• "What would be your conclusion if you were a normal mutual fund hearing this information? That management is milking the company for their own gain."

What does Li Lu do next?

• "I download every file of the shareholder court cases. That's the investigative journalist part."

• "The result was that the founder withdrew guidance and shareholders didn't like it. That was it."

How do you determine if management are decent people?

• "You've got to be an investigative journalist and find the trail of evidence. Go to their community. Introduce yourself to their friends/family/neighbors."

Total Time Commitment: "A couple of weeks of diligent/obsessive work"

• "Investing is intensive work for short bursts of time."

HOW MUCH TO BUY?

• "If you go join a fund, they'll tell you not to risk anything more than 25-50bps."

• "Think about how much effort you put in to this work. You have no downside and its trading at 5x profits."

• "So, I put a shitload of money into Timberland. Over the next 10 years it went up 7x. It was never more than 15x earnings."

• "If you're not a good analyst, you'll NEVER be a good investor."

• "When it goes up, you don't have to do a damn thing. You just sit on it and ride with it."

INVESTMENT CASE STUDY 2: KOREAN COMPANY

• "Don't think about per-share numbers. Think of yourself as an owner."

• "$236M in book value, $60M market cap, $25M net earnings."

How do you know it's cheap?

• "You must confirm that the earnings are there, and that the book value is real, liquid, and tangible."

• "They're trading at the cash value in the bank with no debt. They have hotels and department stores that they own outright. They're making $30M+ in pre-tax earnings. And insiders own 50%."

The result: Went up 5-6x

VALUE INVESTING IS NOT NATURAL

• "There's a lot of money in value investing. But it's still unnatural to most people."

• "One thing you have to do, is you have to do the work. You have to do the reps. You can make a ton of money if you really do this stuff."

• "I benefited by listening AND THEN DOING my own work. Making my own investments and mistakes."

WHAT MAKES A GREAT ANALYST

• "You must provide accurate and complete information. If you can't succeed on that, you can't succeed in this business."

• "If you're not confident about your prediction and what you know, you can't put any money when the stock's in free fall."

WHAT PROVIDES THE BIGGEST RETURNS

• "Your biggest returns will come from no more than ten tremendous insights. That's it."

• "The only way to build those insights is intense curiosity, intense study."

INVESTING MISTAKES

• "The biggest mistakes come when you buy before you've done all the work."

• "My biggest mistakes aren't buying and losing money. It's not buying and missing out on 50-60x returns."

HOW MANY COMPANIES SHOULD YOU BUY

• "I don't have any set rules on how many stocks or companies I buy. Opportunities are sporadic and it depends on the environment."

• "I usually have 3-4 big ideas. If the market is exciting, I have more opportunities. Or if the market is boring, I have fewer."

HOW LI LU ALLOCATES TIME

• "Most of the time I spend reading and studying about everything. Learning new companies and industries."

• "If I find an idea that captivates me. I stop everything and obsess over that idea."

• "Besides that, I spend a lot of time with my kid and my wife."

TL;DR:

• Be an investigative journalist.

• Work obsessively in short bursts and spend the rest. of your time learning.

• When you've done the work and have conviction, buy a shitload to make it worth it.

• Before you invest $1, make sure you can answer the three big questions: Is it cheap, is the management team good, and why does the opportunity exist.

• Never stop learning.

• Become a curiosity machine.

[Jon Erlichman @JonErlichman]

What do these well-known investors expect in 2023?

Ray Dalio
Bill Ackman
Michael Burry
Cathie Wood
Dan Loeb
Carl Icahn
John W. Rogers Jr.
John Paulson
Bill Miller
Warren Buffett

Here’s more on their views… 🧵👇

[Matt Allen @investmattallen]

Warren Buffett is the greatest investor ever.

Investors can learn so much from him.

Here are 30 Warren Buffett quotes that will help you become a better investor:

[Kyle Grieve @IrrationalMrkts]

Warren Buffett proudly admits "The beauty of stocks is they... sell at silly prices from time to time. That’s how Charlie and I have gotten rich. ... Ben Graham writes about it in Chapter 8 of the Intelligent Investor."

Here are 14 lessons from Ch. 8 of The Intelligent Investor

[Justin Welsh @thejustinwelsh]

Things I know at 41, I wish I had known at 21.

🧵

[Tess Ang @TessAngWrites]

On the last day of every month, I do a check-in with myself.

And it is life-changing.

Here's a 4-step guide on how it works (and why you should try it):

[Rich Howe @stockspinoffss]

Seth Klarman annualized a 17% net return over more than three decades.

That outstanding performance made him a famous person in the Value Investing Community.

Today he turns 65 years old, an excellent opportunity to look closer at his investment secrets👇🏼

[Jack Duffley @JackDuffley]

Over the last year, my stock portfolio is down around 20% 📉, but my net worth is up 70% 📈.

Here’s what most people get wrong about investing to get rich:

[Daniel Mahncke @MnkeDaniel]

Li Lu is a well-known Superinvestor who has achieved a compounded annual return of about 30% since 1998.

He is also known for managing the money of his good friend Charlie Munger.

Today, he turns 56 years old, and on this occasion, here is some of his timeless wisdom👇🏼

[Daniel Mahncke @MnkeDaniel]

In 1995, Charlie Munger gave a legendary speech at Harvard University.

Charlie spent over one hour explaining the Psychology of Human Misjudgement and the tendencies that mislead us.

Here are 4 of those tendencies that will improve your Decision Making 👇🏼

[Ankur Warikoo @warikoo]

25 immensely powerful life hacks.

A thread...