Michael Murphy

Colorado native. Navigating the complex world of finance.

[Michael Murphy @mikeyjmurph]

@RonnieMicle @dollarsanddata It is right. The first $1,000,000 would scale up each marginal rate and have a much lower effective rate, but then the other 99% of taxable income would’ve all been at the top rate of 94%, skewing the effective rate way up.

[Michael Murphy @mikeyjmurph]

@ethankingdotcom @AlexAndBooks_ Lol. Come on bro. Be better than that.

[MATT GRAY @matt_gray_]

If you want to give yourself a personal MBA, read these 10 books:

[Patrick OShaughnessy @patrick_oshag]

What are the best articulations of an investment philosophy or framework produced by investors who are still active?

Many of these are not publicly available so DMs are open…

[Michael Murphy @mikeyjmurph]

@KyleClark Gunnison: Power Stop has the greasiest, most hole-in-the-wall, outstandingly delicious hamburgers. Huge menu of unique choices. It’s a former gas station… a perfect fit.

Montrose: Storm King Distillery. Great drinks, rotating food trucks. All local ingredients.

[Michael Murphy @mikeyjmurph]

@KyleClark First, once you cross the Continental Divide, don’t tell any of the locals you think you’re in Southern CO. Might fly in Durango or Pagosa, but CB/Gunny/Montrose/Ouray are most definitely Western CO.

Up next… actually answering your question:

[Michael Murphy @mikeyjmurph]

@NBA_ComputerMan @dougboneparth How are there people following Mr. Boneparth on Twitter who don’t know that he may never have tweeted a single non-sarcastic thing ever.

[Michael Murphy @mikeyjmurph]

@patrick_oshag Can’t believe no one has recommended The Invention of Nature! Alexander von Humboldt. Darwin’s and Jules Verne’s inspiration, worldwide celebrity, audiences with Jefferson, Madison and Napoleon. Literally invented the idea of nature and interconnected ecosystems. Brilliant.

[Jim O'Shaughnessy @jposhaughnessy]

“Water is fluid, soft, and yielding. But water will wear away rock, which is rigid and cannot yield. As a rule, whatever is fluid, soft, and yielding will overcome whatever is rigid and hard. This is another paradox: what is soft is strong.”
~Lao Tzu, "Tao Te Ching"

[MastersInvest.com @mastersinvest]

Wedgewood Partners Q2 Letter .. David Rolfe

Always a good read...

Detailed write-ups: Poolcorp, First Republic Bank, Starbucks (Sold)

Updates: Meta, Paypal, Alphabet, Apple, Taiwan Semi, Texas Pacific, United Health, Progressive

Macro...

https://t.co/41r9LnIpfJ

[litquidity @litcapital]

This is next level gaslighting

[Gautam Baid @Gautam__Baid]

Here is a treat for all Peter Lynch fans - a video interview of him during the depths of the 2000-2002 bear market in which he shares timeless principles of investing!

https://t.co/a6RdHOb6PY

[Michael Murphy @mikeyjmurph]

@jeffvandermeer i don’t know if you drink gin, but the second I saw and tasted this one from @castleandkey I thought that if you do drink gin, you surely drink this one. Straight out of the Southern Reach.

[Michael Mauboussin @mjmauboussin]

Part three of what has changed over 30 years of teaching Security Analysis @Columbia_Biz and @CenterDodd. The course has four sections - the third is on competitive strategy analysis (i.e., is this a good business with a sustainable competitive advantage?)

[Michael Murphy @mikeyjmurph]

https://t.co/4PJMCcQCiz

[Guy LeBas @lebas_janney]

There just isn't a good historical analog for today's core CPI print in the post-70s era.

I can tell you that what it represents is consumer demand rebounding faster than the economy can create supply in the short term. That's a *good* thing for corporate profits.

[Michael Murphy @mikeyjmurph]

@InvestorAmnesia I knew you'd come through. Thanks, my man.

[Michael Murphy @mikeyjmurph]

Would love to learn more about the history of changes in tax rates in the US. How did markets, economy, politicians, citizens react? (e.g. to the top marginal inc tax rate of 93% post WWII). Any good sources to recommend?