p h i l i p p

[Dhaval Makwana @heyDhavall]

Instead of watching Netflix tonight, watch this 2-hour Stanford lecture.

You’ll learn more about how ChatGPT, Claude, and other LLMs are built than most people at top AI companies learn in years.

[Boris Cherny @bcherny]

I'm Boris and I created Claude Code. I wanted to quickly share a few tips for using Claude Code, sourced directly from the Claude Code team. The way the team uses Claude is different than how I use it. Remember: there is no one right way to use Claude Code -- everyones' setup is different. You should experiment to see what works for you!

[God of Prompt @godofprompt]

R.I.P. basic prompting.

MIT just dropped a technique that makes ChatGPT reason like a team of experts instead of one overconfident intern.

It’s called “Recursive Meta-Cognition” and it outperforms standard prompts by 110%.

Here’s the prompt (and why this changes everything) 👇

[Murat Kayman @KaymanMurat]

Mal eine etwas andere Betrachtung, bevor es morgen wegen des Fußballspiels und der erwarteten hohen Staatsgäste wieder unruhiger wird: Diese aktuelle Wolfsdebatte zeigt auch den gegenwärtigen Zustand der türkischen Bevölkerung in Deutschland und das Verhältnis der deutschen

[Learn Something @cooltechtipz]

Everything you can do in Excel

[MATT GRAY @matt_gray_]

A 21-year-old follower just DMed me asking how to start his first business.

Here's the foolproof, step-by-step blueprint I've used for all my companies:

(that makes me $806,730 per month)

[Zain Kahn @heykahn]

The only ChatGPT prompting sheet you'll ever need.

Save 100s of hours & get more done.

Get more guides and prompts like this by signing up to Superhuman AI--the world’s biggest AI newsletter.

[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.

[Compounding Quality @QCompounding]

How to find great stocks

The entire Quality Investment Philosophy summarized in my latest article:

[Brian Feroldi @BrianFeroldi]

Naval's life formulas:

[Alex Banks @thealexbanks]

Last week McKinsey released their generative AI report.

Here are the 10 key takeaways everyone must know:

[Patrick Collins @PatrickAlphaC]

ITS FINALLY HERE

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Here is everything you'll learn from this course, and more 👇

[Clint Murphy @IAmClintMurphy]

I became a millionaire in my 30s:

• No hacks
• No inheritance
• No family money
• No get-rich-quick plan

These principles changed my life and may change yours too:

[Roberto Nickson @rpnickson]

Adam Mosseri (Instagram CEO) just explained exactly how the Instagram algorithm works, and how they rank content in stories, feed, reels & explore.

The last slides are most important. It's how I've added 500K followers to my accounts in 4 months.

Here's what you need to know:

[Barsee 🐶 @heyBarsee]

New AI tools you should know in 2023:

https://t.co/afEBsmDTDL
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https://t.co/dgIr2IWAgJ
https://t.co/UEcdUdQ8UQ
https://t.co/GM8H02M7G2
https://t.co/vw0fosGlHy
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https://t.co/sGPcXYU52j
https://t.co/VBPXrn62NS

[Ben Meer @SystemSunday]

You don't get what you deserve.

You get what you negotiate.

9 tips to master negotiation (in business and life):

[Dr. Nicole LePera @Theholisticpsyc]

I spent years as a couples therapist.

I saw one common theme that always created conflict.

This one change can completely transform your relationship, but it takes work.

HERE'S HOW TO START🧵:

[MATT GRAY @matt_gray_]

Notion is used by 20 million people worldwide.

It's an incredibly powerful tool.

Here are 6 Notion tools so good, you wish you heard about them a year ago:

[Marko Denic @denicmarko]

8 AI tools that will save you hours of work:

[Pascio @IAmPascio]

16 year old kids are making $300,000/month with No-code tools.

They are literally building money printing machines.

Here are 8 free tools to start printing money on the internet: