Relativity Invest

"All value creation is downstream of culture" - Shyam Sankar.

[Relativity Invest @Relativity_inv]

When you invest in a company, you are really investing in a group of people. Relativity - powered by Sentinel (our in-house data & analytics engine) - provides the most comprehensive data and insights available on these people for over 5,000 domestic and foreign companies.

Making better long-term investment decisions starts by finding the best people to partner with and then analyzing all of the opportunity costs - analyzing opportunities relative to each other.

As we enter the era of infinite leverage the best people become exponentially more valuable. Read below to find out more and try https://t.co/3sc4lkFzfK to find them.

[Relativity Invest @Relativity_inv]

https://t.co/LXQsxEUcTI

[Relativity Invest @Relativity_inv]

@eventuallyright Got a little something cooking

[Relativity Invest @Relativity_inv]

Woof https://t.co/SwAHwjsNAW

[Relativity Invest @Relativity_inv]

"This place is proof that culture triumphs over everything." - @tim_cook

[Relativity Invest @Relativity_inv]

When you invest in a company, you are really investing in a group of people. Relativity - powered by Sentinel (our in-house data & analytics engine) - provides the most comprehensive data and insights available on these people for over 5,000 domestic and foreign companies.

Making better long-term investment decisions starts by finding the best people to partner with and then analyzing all of the opportunity costs - analyzing opportunities relative to each other.

As we enter the era of infinite leverage the best people become exponentially more valuable. Read below to find out more and try https://t.co/3sc4lkFzfK to find them.

[Relativity Invest @Relativity_inv]

@CapexAndChill Preach 🙌
https://t.co/2RhKNa8Vnw

[Relativity Invest @Relativity_inv]

https://t.co/LXQsxEUcTI

[Cam Mackintosh @RelativInvestor]

The why is more important than the what

[Relativity Invest @Relativity_inv]

Raia (Relativity's AI Analyst) can now read all earnings transcripts. One of our favorite use cases is to go to the financials page and use Raia to bring the numbers to life.

The why behind the numbers is arguably more important than the numbers themselves.

Dig deeper with Raia. $OUST @eventuallyright

[Relativity Invest @Relativity_inv]

@eventuallyright Margin trends look great too

[Relativity Invest @Relativity_inv]

Hand up - the management alignment score isn’t the be all end all to picking winning stocks.

But it is an incredible place to start looking for long-term winners.

The other incredible tools on Relativity can get you to conviction 🫡

[Ben @eventuallyright]

I have gotten to really enjoy @Relativity_inv management page. Here is a look at Robinhood's management score, a 72.7.

Personally I weight founder led companies more (and always will be when evaluating publics).

And to no surprise have most of my networth in $HOOD.

But when evaluating a management team there are other critical metrics to consider when counting to a perfect score: avg tenure, insider ownership, CEO tenure, and avg age.

I will link the page here so you can poke around: https://t.co/QPuMhVf0nl

[Relativity Invest @Relativity_inv]

@eventuallyright @RelativInvestor Vlad is truly one of the best to do it 🫡

[Relativity Invest @Relativity_inv]

@CapexAndChill Nothing out of the ordinary

[Relativity Invest @Relativity_inv]

@eventuallyright Insane demand for their data driven by increasing militarization X exponentially easier to digest driven by LLMs makes for some strong tailwinds 🫡

[Relativity Invest @Relativity_inv]

This guy gets it 🫡

[CapexAndChill @CapexAndChill]

I like the passion. This is why a large part of thesis is the team and culture. Makes me more bullish to see the CFO clocking people with actual data and meaningful responses $UBER

[Relativity Invest @Relativity_inv]

@CapexAndChill Could not agree more, sir! If investing for the long-term, culture is the most important variable

[Relativity Invest @Relativity_inv]

There were signs $TTD

[Cam Mackintosh @RelativInvestor]

Appreciate the thoughtful analysis - couple things I'm thinking about here (no position):
1. Seems like TTD overplayed their hand with ad agencies (certainly didn't "delight" their customers). Especially tough given ROI much harder to measure relative to walled gardens. How do they regain this trust?
2. Internally the company is a dumpster fire - whole C-Suite has turned over in last few years - cultural turnarounds are harder than business turnarounds
3. More generally - tough to invest in a share loser without a clear path to regaining share
https://t.co/xFvioiLvVH
4. Maybe a hail mary on an OAI takeout given Jacobsen still on the board after leaving as CSO and now leading partnerships at OAI

[Relativity Invest @Relativity_inv]

@nachunja @amotts34 @nmolnar @owenbjennings We've got our eyes out 🫡

[Relativity Invest @Relativity_inv]

Fantastic research - well worth the read.

But ee would slightly tweak the below to: Great investing is often the work of finding truly great leaders

[Tim Isgro @TimIsgro]

"To be fair, I was fortunate enough to own two investments that each became 30 baggers, and they accounted for a significant portion of the gains. Luck always plays a role in investing."

I think Rose is actually underestimating their achievement based on that line. Great investing is often the work of finding truly great investments that offset many mediocre ones.

I wrote about Hendrik Bessembinder's work on the subject:

(1) A Study of Annualized Stock Returns: https://t.co/HAqPXLB6H9

(2) A Study of Exceptional Companies: https://t.co/sk3udFbnml

[Xander @SmokeySnipe]

@eventuallyright Easily. Only partner with the best

[Relativity Invest @Relativity_inv]

@BCValueInvestor Recruits and retains A+ surrounding talent