Sunday Finds from Chit Chat Money
Interview with Kermit Capital, Fiverr, and Autodesk
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Smart and Funny Tweets:
Money tip #1: always trust a guru who starts their video getting out of a sports car.
s/o @dannyleland #fintok #finance #realestate #investing #guru
Square announced that they were major buyers of bitcoin in Q2: $SQ
This is a continuation of their strategy to build the payment ecosystem of the future.
1. Cash App remains the fastest growing digital wallet (#1 in the App Store) where you can buy and sell bitcoin.
👇🏼
Are we getting to the point where GPs are going to raise 3rd party capital in the public markets to negotiate against themselves on the behalf of the SPAC shareholders? What am I missing here @WallStCynic?
Bilal Zuberi 🇺🇸🇵🇰 @bznotes
The secret to becoming a trillionaire, even if you have no capital to start.
Save on $4 coffee/day by drinking water, invest $28 every week, earn 1% a week like @reallwillmeade says by buying ETFs and hedging with puts (like HFs do). After 40yrs, you will have $2.98 trillion.
$COST thread for the weekend... The biggest misunderstanding about $COST today is that its reluctance to embrace e-commerce (curbside pickup, BOPIS etc) makes $COST fall behind. Rather, their strategy on e-commerce shows a deep understanding of its core value proposition.
In our recent episode Invest Like the Best episode, @Jesse_Livermore says he isn't that worried about near-term inflation. Even if there is another stimulus.
Let's run through why. 🏃
In 1999, Merrill Lynch issued 940 buy recommendations and 7 sells recs. Morgan Stanley had 670 buys and zero sells. via @morganhousel
It worked.
Cliff Maloney @LibertyCliff
Dennis Hong (@DennisHong17) is the fund manager that I admire the most.
He holds high conviction names in high concentration.
I've watched the following interview multiple times & have taken something new away from it every time.
What stock do you think gets overlooked because it’s something different than it once was. For me it’s Blackberry. A major makeover that worked but nobody cares because it’s not a smartphone company any more.
It must be nice to be an airline CEO. You can recklessly engage in share buybacks to enrich yourself and when ur behavior catches up to u, np just tap the Fed & taxpayers. Capitalism without consequences is not capitalism.
Via @tylerwinklevoss
Got a bid for the house from OpenDoor. Offered about 20% of value according to Zillow based on comps from Phoenix. The house is in LA.
Good luck to everyone investing in this algo.
Ryan Reeves @investing_city
What is a cool list of things/businesses that are presently being disrupted by new technologies, etc?
Not looking for $NFLX streaming disrupting the TV industry type of examples as this is a bit more mature.
Looking for disruptors that are still in the top of the first inning.
What is the biggest company that is very close to being a scam without outright being one?
I think Nielsen, specifically their ratings, is probably top 3 in my book. It’s mind boggling that anyone makes decisions based on it. Before the rise of the internet but more so now.
If you don't own $AMZN as a core holding, I'm genuinely curious to learn why. Hit me the rationale in the comments.
#stocks
Sentiment check:
ShitFund @ShitFund