Ken Tran

[Ken Tran @kentran27]

@lonewolvesfrank @AltayCapital @siegelist1 @Fritz844 @puppyeh1 @Japan_too_cheap @JapanDeepValue1 Also @smartkarma Asian-focused and have extensive JP coverage. Among the best really

[Ken Tran @kentran27]

@stratechery @benthompson @benthompson great read! You should make this update public. I was better informed (as a Stratechery paying subscriber), and changed my decision on Substack's latest round. Many others may never get that chance, esp. abt the lofty and not-so-writer-friendly valuation...

[Ken Tran @kentran27]

Spent probably a good hour trying to find StackOverflow examples for recovering user_ids after the dataset has been scaled, to no avail. And then I remembered I could just ask. Mind = blown https://t.co/WMNmoyOoYm

[Ken Tran @kentran27]

Impressive list, and certainly an accelerator to learning and productivity https://t.co/GkWPAbiL1X

[Charly Wargnier @DataChaz]

Here are 7 insanely useful Chrome extensions that will take your #ChatGPT experience to new heights! 🚀

A thread 🧵↓

[Edward Tian @edward_the6]

I spent New Years building GPTZero — an app that can quickly and efficiently detect whether an essay is ChatGPT or human written

[The Cultural Tutor @culturaltutor]

Why do clocks move in that direction?!

(It's got nothing to do with time...)

[Ken Tran @kentran27]

"The top three investing skills are patience, temperament, and having your career coincide with a 30-year uninterrupted decline in interest rates." 🤔https://t.co/mXXvXsQWxc

[Peter Clowes @peterclowes]

There was no vision shared with us. No 5 year plan like at Tesla. Nothing more than what anyone can see on Twitter. It allegedly is coming for those who stayed but the ask was blind faith and required signing away the severance offer before seeing it. Pure loyalty test.

[Netflix @netflix]

In 2018, a Boeing 737 Max plane crashed. Five months later, another Boeing 737 Max plane crashed. A total of 346 people died.

Downfall: The Case Against Boeing documents how Wall Street’s influence and Boeing’s crumbling internal culture resulted in a shocking cover-up.

[Ken Tran @kentran27]

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[Eugene Ng @EugeneNg]

9️⃣ The Table that sums it all 👍🏻:

1) Business that thrive on intangibles tend to grow faster than business that thrive on tangibles but

2) Tend to have much higher standard deviation (can grow very fast and can also decline just as fast)

[Ken Tran @kentran27]

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[Jesse Pujji @jspujji]

RT this to share a fun story and proof that Zuck is a visionary.

[Ken Tran @kentran27]

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[Shortsighted Capital @ShortSightedCap]

16) Active ETFs will be huge.

Not so much. Outside of BLK / Vanguard / STT, ETFs have been a tough business. Not that active equity flows have been great...

They are comparatively hard to distribute. While tax advantages are great, managers increasingly serve exempt investors

[Ken Tran @kentran27]

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[Jon Wu @jonwu_]

IL is just one of the reasons I think the marketing of pool APR as passive yield is behaviorally misleading.

In Parts 2 & 3 we'll get into fees and rewards and how to think about APR degradation, how to time rewards, and how fees offset IL.

✌️

[Ken Tran @kentran27]

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[Ming Zhao @FabiusMercurius]

10/ The end. Happy Memorial Day Weekend to my friends in the US! I hope you're contentedly inebriated, not worrying about inflation. Happy workday Monday to everyone else!

[Ken Tran @kentran27]

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[Shreyas Doshi @shreyas]

Update:

Thank you for all the feedback here and via DM/email. It means a lot to me that this content was useful for so many of you.

If you'd like to share this content with friends or colleagues not on Twitter, it's now available as a LinkedIn article:

https://t.co/jYUAIWSSkU

[Ken Tran @kentran27]

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[Arthur @arthur0x]

Side note: this was written from April - May 2020 post-March crash. (I'm a slow writer)

Seems like the side-way market produces more high-quality articles (also more time for PS4).

Bull market leads to shitposting and shilling.

[Ken Tran @kentran27]

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[Prof. Christina Pagel - @chrischirp.bsky.social @chrischirp]

36. PPS. More on avoidability. Watch how B.1.617.2 has taken over past month, the change in PHE language (to more concern) & wonder: what if we'd intervened back at end of April when already doubling weekly?

Oh and: what exactly made opening on 17th May seem like a good idea?

[Ken Tran @kentran27]

How befitting https://t.co/wsEmyGGDAs

[Ken Tran @kentran27]

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[Yashar Ali 🐘 @yashar]

27. Like I said...go back to #18.

https://t.co/MV0VKVhG5n