I.

[Boring_Business @BoringBiz_]

Investment committee: “so explain why we should pay 15x for this business?”

Private equity associate: “one of the things that makes this business so valuable is how valuable it is”

[Boring_Business @BoringBiz_]

Everyone buying SpaceX right now waiting for the fundamentals to justify the price

[Wifi Money Plant @WifiMoneyPlant]

What people quoting these don’t understand is that almost every one of these yachts is owned by families compounding their wealth for centuries

Warren Buffett type shit but on steroids

You simply cannot beat it by “locking in” for a year or two

[Jenson Puffin ہائدی 🐦‍⬛ @MissOoo1g]

Marie Antoinette lost her head for less

[Boring_Business @BoringBiz_]

When your portfolio manager calls your stock pitch stupid, but ChatGPT would have said “you are not just noticing patterns, you are identifying structural shifts before they become consensus”

[Esprit de Qontradiction @GrandSachoir]

Ce que retiendra l’Histoire.

#Trump #Macron

[Eric Zemmour @ZemmourEric]

Je me souviens d’une silhouette blonde en costume d’officier qui entre à l’Élysée sous l’œil interloqué et goguenard du général de Gaulle.
Je me souviens d’un petit village de pêcheurs du nom de Saint-Tropez.
Je me souviens de « Je n’ai besoin de personne en Harley-Davidson ».
Je me souviens des initiales BB.
Je me souviens du regard sidéré de Jean Gabin devant sa jupe qui remonte.
Je me souviens de sa voix gouailleuse de titi parisien.
Je me souviens de son regard à la fois charmeur et insolent.
Je me souviens de ses moues d’enfant boudeur.
Je me souviens d’une danse déchaînée dans une boîte de jazz.
Je me souviens d’une affiche qu’elle partageait avec Claudia Cardinale, la beauté blonde et la beauté brune.
Je me souviens de : « Madame Bardot rapporte plus de devises à la France que la Régie Renault ».
Je me souviens des Américains en pâmoison.
Je me souviens de : « Je n’aime pas le cinéma ».
Je me souviens de : « Je préfère les animaux aux hommes ».
Je me souviens de nos conversations, au cours desquelles elle m’a sensibilisé, plus que n’importe quel militant, à la cause animale.
Je me souviens des conseils qu’elle m’a prodigués pendant ma campagne présidentielle.
Je me souviens de son refus farouche et viscéral de l’islamisation du pays.
Je me souviens de cet air magnifiquement effronté face à tous les Tartuffes qui lui donnaient des leçons de morale.
Je me souviens d’une femme libre qui se moquait des féministes.
Je me souviens de Delon, Belmondo et de tous les hommes qui lui faisaient escorte.
Je me souviens.

Je me souviendrai toujours, au fond de ma mémoire et de mon cœur, de cette incarnation parfaite de la femme française.

[Lukas (computer)🔺 @SCHIZO_FREQ]

The man pops a pill as his girl covers herself in ‘Desire Cream’ to force themselves through their monthly bout of ‘love making’ while pretending they don’t hate each other

After they ‘finish’ (well, neither actually ‘finishes,’ at some point the drugs wear off and they just mutually decide to stop), they take out their phones and view short-form video content about how young people aren’t having sex anymore

“Thank god I’m not one of those losers”, they think to themselves

[Avi @AviFelman]

This is basically everything in life, including relationships, friendships, careers, specific jobs, trades, cities…

The list goes on and on. It’s ridiculously hard to beat inertia.

Trust me, I know. Even when you know something is wrong. It’s hard to walk away! You can know for a long time!

[Gregory Blotnick @gregoryblotnick]

will never not be amazed by this

munger @ age 31, divorced, dead broke, and just buried his nine-year old son

heart of a motherfucking lion

[Farnam Street @farnamstreet]

"You don't find entrepreneurs in chess clubs; you find entrepreneurs in casinos. They're playing poker; they're playing backgammon. They're playing games of chance with an occasional very high payoff, and a lot of life is exactly like that... The people who are running these organizations for the benefit of financial predictability are trying to make it chess. They're trying to turn it into a reductionist game where the most you can score is one for a win... Once you ensure that you’re not going to starve to death, die, etc., and you’ve looked after your children, 50% of your effort in life should be attempts to get lucky—in other words, as Nassim Taleb would say, I love this phrase, 'increasing your surface area exposure to positive upside optionality.' Finding opportunity."

- Rory Sutherland

[Kevin Gee @kevg1412]

I think about this every week. Not just for investing, but for life.

[I. @GraceInGains]

@sidecarcap Well that's because institutional money is more focused on capital preservation, different game than a retail investor trying to make occasional good returns

[Rose Celine Investments 🌹 @realroseceline]

One of the many valuable lessons people will learn from my book is that most investors drown themselves in noise, obsessed with upgrades, downgrades, partnerships, rumors, after hours stock prices, reviews and every tiny headline as if any of it will make them rich. It never does!

What makes people rich is time, not stimulation. If you had owned a great company like for exmaple $AMZN or $MSFT for the last twenty years you would have hurt yourself by following every little update, and the truth is you would have done far better losing your brokerage password twenty years ago and finding it today, because great businesses do not need your attention, they need your patience.

🌹

[Lyall Taylor @LT3000Lyall]

There is no such thing as a stock that can be dependably counted on to "compound". Believing as much is a sign of inexperience.

Investors mix up their tenses all the time. They say a company is "growing" at 20% when what they really mean is it has grown at 20% in the recent past, and they expect it will grow at 20% in the future, which it may or may not. Equally, there are stocks that "have compounded" in the past, but that provides no assurances it will compound in the future.

In practice, "compounders" are usually simply stocks where the business has performed well/grown in the past, and multiples have significantly risen, yielding strong and consistent historical returns. But that says nothing about what the returns will look like on a go forward basis.

Future outcomes will be dependent on future business results, which are never assured, and starting point valuations. And the more certain investors feel about future business outcomes & the more obvious the company's attributes, typically the higher valuations are, neutering the benefits of the said certainty/quality.

Sometimes "compounders" continue to compound, and sometimes they don't. Indeed sometimes they yield very significant losses (eg below), and there is nothing worse for long term portfolio compounding than overpaying and suffering major periodic losses.

The term "compounder" should be consigned to the dustbin for serious investors.

[Nassim Nicholas Taleb @nntaleb]

Testing reveals speed, not depth. Real life is about depth.
RIP Jim Simons

[I. @GraceInGains]

@tiger26297 @cecilia_hsueh You need some nuance: https://t.co/qlQaOZ7ho7

[The White Whale @WhiteWhaleLabs]

Advice to my daughters in case they grow up to read lists like these:

1. Financial independence is power, yes - but interdependence is also part of being human. Learning to trust, share resources, and build mutual stability doesn’t make you weak; it makes you relationally mature.

2. Purpose fuels life, but love is purpose too. Deep connections often enhance your mission, not distract from it. The goal isn’t to choose one - it’s to integrate both without losing yourself.

3. Kindness isn’t weakness; manipulation is. You don’t have to discard niceness - you just need boundaries. Assertive and compassionate can coexist. The goal isn’t rebellion, it’s authenticity.

4. Discernment is good, but walls become prisons. Learn to recognize red flags without assuming betrayal is inevitable. Vulnerability with the right people is what heals cynicism.

5. Action matters, but reflection prevents disaster. Thinking isn’t the enemy - rumination is. The balance is thoughtful movement: act decisively, but keep a feedback loop open.

6. Confidence in appearance is healthy, but so is detachment from it. Your value isn’t a fallback plan - it’s multifaceted. Beauty fades; character compounds.

7. There’s no universal timeline. Parenthood can expand your life, not replace it - if chosen consciously. “Later” isn’t automatically wiser; “ready” is what matters.

8. Acceptance builds resilience, but so does trying to improve what’s unfair. Strength includes compassion and activism. Growth doesn’t require indifference.

9. True - your body remembers. But don’t treat health like a debt to be repaid; it’s a relationship to be nurtured. Gratitude toward your body works better than fear of decay.

10. Beautiful sentiment - but grace doesn’t need to replace beauty. They evolve together when you live with curiosity and humility. Growth doesn’t have to compete with youth - it can refine it.

🫡 From the depths —
The White Whale 🐋

[I. @GraceInGains]

No, the likelihood of having a strong career after 40 is as low as having a child after 40, if not less. In life, you must choose your regrets. You also can't say if it is truly a regret since you only have one life and don't get to experience a parallel one where you would have done otherwise. Again, extremely simplistic.

[The White Whale @WhiteWhaleLabs]

Advice to my daughters in case they grow up to read lists like these:

1. Financial independence is power, yes - but interdependence is also part of being human. Learning to trust, share resources, and build mutual stability doesn’t make you weak; it makes you relationally mature.

2. Purpose fuels life, but love is purpose too. Deep connections often enhance your mission, not distract from it. The goal isn’t to choose one - it’s to integrate both without losing yourself.

3. Kindness isn’t weakness; manipulation is. You don’t have to discard niceness - you just need boundaries. Assertive and compassionate can coexist. The goal isn’t rebellion, it’s authenticity.

4. Discernment is good, but walls become prisons. Learn to recognize red flags without assuming betrayal is inevitable. Vulnerability with the right people is what heals cynicism.

5. Action matters, but reflection prevents disaster. Thinking isn’t the enemy - rumination is. The balance is thoughtful movement: act decisively, but keep a feedback loop open.

6. Confidence in appearance is healthy, but so is detachment from it. Your value isn’t a fallback plan - it’s multifaceted. Beauty fades; character compounds.

7. There’s no universal timeline. Parenthood can expand your life, not replace it - if chosen consciously. “Later” isn���t automatically wiser; “ready” is what matters.

8. Acceptance builds resilience, but so does trying to improve what’s unfair. Strength includes compassion and activism. Growth doesn’t require indifference.

9. True - your body remembers. But don’t treat health like a debt to be repaid; it’s a relationship to be nurtured. Gratitude toward your body works better than fear of decay.

10. Beautiful sentiment - but grace doesn’t need to replace beauty. They evolve together when you live with curiosity and humility. Growth doesn’t have to compete with youth - it can refine it.

🫡 From the depths —
The White Whale 🐋

[I. @GraceInGains]

@tiger26297 @cecilia_hsueh Omg you clearly are all brainwashed, stay at homes ALSO regret not having a more « meaningful» life. There is always something to regret, you can’t be that simplistic.