Frank Lin

value entrepreneur in the global markets

[Frank Lin @linsvalue]

@eastdakota Yet Peter Drucker also said:

“An equally important task for top management in the Next Society’s corporation will be to balance the three dimensions of the corporation:

as an economic organization, as a human organization, and as an increasingly important social organization.”

[Frank Lin @linsvalue]

@eastdakota Curious to know - what’s the original quote from the Practice of Management that mention Measurer? I don’t think he actually meant it that way

[Sequoia Capital @sequoia]

In honor of 50 years of Apple, we're sharing - for the first time ever - Don Valentine's original 1977 memo for Sequoia's investment into Apple Computer. #Apple50

[Pedro Domingos @pmddomingos]

One AI year is seven Internet ones.

[World of Statistics @stats_feed]

🇺🇸 USA budget deficit:

2000: $236 billion
2001: $128 billion
2002: $158 billion
2003: $378 billion
2004: $413 billion
2005: $318 billion
2006: $248 billion
2007: $161 billion
2008: $459 billion
2009: $1.41 trillion
2010: $1.29 trillion
2011: $1.30 trillion
2012: $1.07 trillion
2013: $680 billion
2014: $485 billion
2015: $442 billion
2016: $585 billion
2017: $665 billion
2018: $779 billion
2019: $984 billion
2020: $3.13 trillion
2021: $2.77 trillion
2022: $1.38 trillion
2023: $1.70 trillion
2024: $1.83 trillion

Note: A budget deficit occurs when money going out (spending) exceeds money coming in (revenue) during a defined period. In FY 2024, the federal government spent $6.75 trillion and collected $4.92 trillion in revenue, resulting in a deficit. The amount by which spending exceeds revenue, $1.83 trillion in 2024, is referred to as deficit spending.

[Elon Musk @elonmusk]

It will massively increase the already gigantic budget deficit to $2.5 trillion (!!!) and burden America citizens with crushingly unsustainable debt

[Frank Lin @linsvalue]

@ivanhzhao @NotionHQ Awesome!

[Bill Gurley @bgurley]

ChatGPT vs Perplexity:

[Frank Lin @linsvalue]

@RBReich The $9 billion usd paid out to shareholder is indeed a huge sum, but it's 6.8% of the total gross profit (Compared to 80.3% to the employees).

Is it outrageous? Debatable. But what size do we want it to be? Who gets to decide? Politician? Management? Owners? Employee? Why? How?

[Frank Lin @linsvalue]

@RBReich From the financial, Walmart made $648 billion usd in revenue, and after paying for the cost of goods, it resulted a gross profit of $158 billion usd.

Of the $158 billion in gross profit, Walmart paid out $131 billion usd expense mostly to its employees (80.3%).

[Frank Lin @linsvalue]

@bgurley 你好 Bill 😄

[Frank Lin @linsvalue]

“Kids who have never seen peace and kids who have never seen war have different values.”

— “One Piece”, Doflamingo

[Frank Lin @linsvalue]

here again, let’s go #omaha #brk

[Frank Lin @linsvalue]

Good article shared by Dalio on China

[Ray Dalio @RayDalio]

Here’s my latest thinking on China and what’s going on there in light of the Big Cycle Forces: https://t.co/FssfGwICK2

[Frank Lin @linsvalue]

Buffet’s tribute to Munger in the latest 2023 shareholder letter

https://t.co/dtvd15BcP1

[Frank Lin @linsvalue]

Sharing of valuable document, a 5-year-old Apple Computer on its market, strategy, and business model, etc.
#AAPL #business #investing #strategy

[Global Markets @globalmarkets_]

1981 Apple Prospectus.

[link to PDF]
https://t.co/Xzi5BHua9m

[Historic Vids @historyinmemes]

Stock market crash of 2008

[Historic Vids @historyinmemes]

This is Microsoft CEO Steve Ballmer’s initial reactions to the launch of Apple's iPhone in 2007

[David Senra @FoundersPodcast]

Some of my favorite @naval ideas:

1. If you don't know yet what you should work on, the most important thing is to figure it out.

2. Books make for great friends, because the best thinkers of the last few thousand years tell you their nuggets of wisdom.

3. You will get rich by giving society what it wants but does not yet know how to get. At scale.

4. To make an original contribution, you have to be irrationally obsessed with something.

5. The internet has massively broadened the possible space of careers. Most people haven't figured this out yet.

6. Learn to sell. Learn to build. If you can do both, you will be unstoppable.

7. Fortunes require leverage.

8. Leverage is a force multiplier for your judgment.

9. Arm yourself with specific knowledge, accountability, and leverage.

10. Specific knowledge is found by pursuing your genuine curiosity and passion rather than whatever is hot right now. Building specific knowledge will feel like play to you but will look like work to others.

11. Work as hard as you can. Even though who you work with and what you work on are more important than how hard you work.

12. Become the best in the world at what you do. Keep redefining what you do until this is true.

13. If you're not 100 percent into it, somebody else who is 100 percent into it will outperform you. And they won't just outperform you by a little bit—they'll outperform you by a lot because now we’re operating in the domain of ideas, compound interest really applies and leverage really applies.

14. Technology democratizes consumption but consolidates production. The best person in the world at anything gets to do it for everyone.

15. Escape competition through authenticity.

16. If you are fundamentally building and marketing something that is an extension of who you are, no one can compete with you on that.

17. When I talk about specific knowledge, I mean figure out what you were doing as a kid or teenager almost effortlessly. Something you didn't even consider a skill, but people around you noticed. Your mother or your best friend growing up would know.

(My mom told me that when I was a kid and ran out of things to read, I'd read the back of cereal boxes)

18. The more you know, the less you diversify.

19. The best jobs are neither decreed nor degreed. They are creative expressions of continuous learners in free markets.

20. Whenever you can in life, optimize for independence rather than pay.

21. You decide it's important to you. You prioritize it above everything else. You read everything on the topic.

22. The really smart thinkers are clear thinkers. They understand the basics at a very, very fundamental level.

23. The most important skill for getting rich is becoming a perpetual learner.

24. If you're evenly split on a difficult decision, take the path more painful in the short term.

25. What are the most efficient ways to build new mental models? Read a lot—just read.

26. I probably read one to two hours a day. That puts me in the top .00001 percent. I think that alone accounts for any material success I've had in my life and any intelligence I might have.

27. In the intellectual domain, compound interest rules.

28. All the real scorecards are internal.

29. A calm mind, a fit body, and a house full of love. These things cannot be bought. They must be earned.

30. Your real résumé is just a catalog of all your suffering. If I ask you to describe your real life to yourself, and you look back from your deathbed at the interesting things you've done, it's all going to be around the sacrifices you made, the hard things you did.

31. What you want in life is to be in control of your time.

32. Being at the extreme in your art is very important in the age of leverage.

33. Enjoy yourself. Do something positive. Project some love. Make someone happy. Laugh a little bit. Appreciate the moment. And do your work.