Joe G.

Teaching reading "became this holy war!" says reading app designer @NielsHoven. One reason is that George W. Bush pushed phonics. Teachers said "if George Bush is telling us what to do, we aren't going to do it." Seriously.

@paulswaney3 Paul, Boomers made a lot of mistakes but their 3 biggest are: 1) Not supporting David Duke when they had a chance 2) Believing the lies on the electronic jew about diversity 3) Believing the anti-"Nazi", holocaust lie. These mistakes have been profoundly bad for our nation.

Just personally with @8VC, here is a sample of what we are doing using these: * research against various diseases including solid tumor cancer that’s already leading to new cures in promising trials; * healthcare AI that’s already cutting billions in costs and accelerating, we can and will take out trillions in costs but it’ll be a worthy battle against the cartels; * accelerating aerospace design and iteration for the top engineers by 100X and making flight over 12X more affordable while also safer and quieter, already launching prototypes and a lot more coming soon; * bringing back manufacturing to the US with AI enabled companies that are hiring thousands of people to build ships, and many other areas; * making shipping costs far lower with major advances in logistics, and helping each top broker at various companies be far more effective and earn more, just making this area cost less for all; * helping us partner to buy new small businesses and pay more for them to previous owners in ways we wouldn’t have bandwidth to do before, thanks to AI agent research and diligence augmenting our team in this area, with a goal of creating tens of thousands of new small business owners. And helping them each thrive and do more, AI is key for small business operators. That’s off the top of my head. I hate big tech idiot politics and chicanery too. You’re right their foundations are terrible. I’ve also called them out hard. It pisses me off, too. What do you want me to do? These above are all great things and I’m doing my best. Should I stop all of this / should we honestly turn off the data centers powering my work, or make them not available to scale it?

Latest census data. Lakeville 2nd fastest growing city in Minnesota 8th in the Midwest 150th nationally 14% increase in population from 2020 to 2025. Total population 79,270. www2.census.gov/programs-surve…

the 10 best books/resources to learn fundamental equity valuation and markets plus some books/authors that didn't make the cut and why they were excluded -- (1/4) - INTRO so I have a list in my pinned tweet with a bunch of books/series/intvws its brief by design (30 ish names) - expectations investing, market wizards, mauboussin, snowball, stuff like that sometimes I get questions "why isnt xyz on there" (someone just asked about Soros' Alchemy of Finance) I will give my opinion (and thats all any of this is, opinion) as to why some names are were excluded keep in mind this is directed at someone with 0-10 years experience. after 10+ then I suppose anything is "in play" (ie Alchemy of Finance), but theres no point in reading titles like that w/o having Buffett/Mauboussin down cold -- (2/4) - TOP 10 / DO NOT PROCEED UNTIL FINISHING THESE 1. Mauboussin - expectations investing 2. mckinsey on valuation (dull, but this is as close to The Bible as we've got for fundamental equity valuation. there is stuff in here that will pop up time to time where its not "mission critical" but where someone will look at u like...um really? so u want a passing familiarity at the minimum). 3. Mauboussin (total compendium) go to his page, michaelmauboussin dot com, then go to Writing. obviously there are REAMS of content here, but its similarly Biblical to McKinsey, except more readable and does a better job linking to how mkts actually trade I've been trading mkts since 09 and I still go read mauboussin notes all the time and find new insights in them. 4. buffettfaq dot com also the BRK letters, which can be dull, fall under "constantly," meaning, you can proceed without going top-to-bottom, but keep reading these + Mauboussin in ur spare time again, as with mauboussin, since 09 I still read BRK letters (on brks website) all the time and find new insights in them. 5. Market Wizards + New Market Wizards + Hedge Fund Market Wizards idk about any of the series after that...you'll lol when you look at the original "Wizards" (its like Druck and PTJ) relative to the newish ones... I'm not gonna throw shade, u can see for urself. and the critics are correct to point out that without including audited track records for a 2026 "wizard," the crowd is going to call bullshit. we dont need Bruce Kovner's track. we do need it for Twitter Substack Wizards or Wizards of Seeking Alpha or whatever these new collections are called. 6. Snowball (on buffett) 7. Poor Charlie's Almanack 8. Spend a lot of time on Graham & Doddsville (columbia b-school newsletter), the ones from 2010-2020 had some REALLY good investors on there with great intvws - lot of the storied tiger cub PMs. as with market wizards, I havent recognized a G&D interviewee in at least six years...not throwing shade, but like, u dont gotta tell me who Lee Ainslie is, u do have to explain "heres a guy who finished MBA in 2024" 9. Spend a lot of time on VIC going thru old pitches. Sort by all-time, highest ranked, spend years on this. 10. Read Ed Chancellor's books esp Capital Returns + Capital Account Honorable Mention: Lynch/Fisher/Jesse Livermore. Also 25iq dot com, by Tren Griffin, is an awesome collection of investor wisdom, as is mastersinvest dot com. -- (3/4) NOT ON THE LIST 1. Damodaran. He's worth reading, but overly academic to me...way too far away from how markets actually trade. His DCFs are sound academically but its always like "TSLA is at $1450, but based on my assumptions, its worth $12." Like, brotha, ur DCF is missing something lol. Maybe tsla is worth $1000, or $2000, or even $750, but the lack of understanding the stock's narrative is what overly-academic practitioners miss. I'd still read what he writes - I put him #1 because I want it to be clear, he is as sharp as it gets on academia/theory -- just pay attn to Mauboussin's writing vs his and you'll see what I mean. 2. Taleb. I am not throwing shade but go back and read the Greeks, there is nothing he has said that they didnt cover already - I'm not blaming him, its just a misconception by the readers. Like referencing a term "ah yes, thats like Taleb's xyz." No, thats Aristotle, or Juvenal (black swan), or Procrustes (greeks), like, the idea that you have to read these as part of a market education is incorrect. Taleb is highly intelligent and I'm assuming he acknowledges his sources, and I always appreciate a sharp brain that can link old concepts to new ideas (the stock market). So I'm not attacking him personally. This is strictly a "do equity analysts need to read this book" and the answer is no. 3. Soros this guy's stuff is unreadable to me. I'm pretty stupid, but I recognize dense writing when I see it. you can be both brilliant and a bad writer at the same time. I have nothing but respect for him as a money manager, he's one of the GOATs. but to learn markets, I mean, you might get one or two good insights from 300 pages of his writing, its just very obtuse by way of comparison, buffett is both brilliant and a great writer. a genius takes the complex and ELI5's it. a book that is brilliant yet unintelligible is a bad book. 4. Housel Okay, so, I worship Housel. He should probably be read. He is the fucking man, I have watched his career since 2013 or so when he had no followers and was writing for Motley Fool. My immediate reaction was "this guy is one of the best financial writers I've ever seen," and it has been a pleasure to watch him ascend and then bang out a book that has sold 10 gorillion copies. Young guys, pay attention, this is how you launch a career off twitter. Only reason I didnt include him is that I feel like he aims more towards a casual/hobby investor, not a fundamental equity analyst which is who this list is aimed at. There is probably a separate list for Housel's category - "How to think about money and markets in general," aimed more at the man on the street. Someone should do a top 10 for that, mine would just be 1. Housel 2. ask Housel for the rest of the list. Either way he's one of our generation's premier talents in writing about markets, he absolutely has a gift. 5. Ben Graham/Greenblatt/Klarman Security Analysis is boring as fuck and its okay to admit it. As for the Greenblatt and Klarman books, they're good, but anything "Value Investing" can be deferred/delayed. the reason is that value investing has been dead for 15 years or so, I dont know why. it'll come back, it always does, people can dunk on Einhorn all they want but he is correct in that value investing is backed by academia/theory/historical perf as a strategy that works. practically...theres no point in learning "Net Nets" when none exist anymore (or at lesat right now), its like this strategy got arbed out or something. I'm not saying "no," I'm saying "go read BRK/Mauboussin instead" - u dont have infinite time. "but theres net-nets in all these foreign countries" - yeah, there are. and you'll figure out why as soon as you start fucking around with them. markets are far too competitive for u to just say "oh wow a $150M company with $160M in cash, free lunch!" caveat investor 6. Howard Marks I like him, but the critics are correct. His books/memos are just platitudes...."You should be optimistic, but exercise caution, and always think about reward relative to risk." Useful if u have questions like "is it sunny in the summer?" similar to Greenblatt/Klarman/Soros/Graham, there are absolutely a few good nuggets in a 300-page book, but again, we're speaking in Return on Time terms. one Berkshire letter or mauboussin piece = 99.9% of investing books. 7. all the "History" books tons of these, Madness of Crowds, Barbarians at the Gate, Michael Lewis, A Random Walk, shit like that worth reading, yes, but not until you've mastered the fundamental shit. again, the "actionable insight per 300 pages ratio" is just not good. plus sr's and ur boss will just look at you with disdain if you get too, like, "ah yes this current market backdrop is like the 1613 Dutch Tulip Crisis/South Sea Company!" like bro stfu and build the fucking model we hired you to build lol 8. Macro books there's some books like Volatility Machine that I loved, but for a fundamental equity analyst, you do not need to spend your precious hours (at least at first) learning this stuff the plumbing of foreign sovereign debt markets, why argentina keeps defaulting, the tequila crisis/mexican peso de-peg its really interesting, but just not all that relevant....none of this would ever be in a stock pitch -- (4/4) - END I think that's it. If you disagree with the top 10, and think a certain title deserves a spot in there relative to one that I have, I'm all ears...the goal is to get the 10 right. On the non-top-10, please dont argue, I'm not shitting on those people. Nor is there any point to repyling, "heres ten other books I enjoyed," because thats how a guy ends up with 1250 bookmarked titles and doesnt read any of them. there are TONS of "marginal" finance books. I've read them, you've read them, we don't need a compendium of those. The goal is to figure out the absolute best books - the ones where for the rest of ur life, if someone asks "what do I read," you know exactly what to say: "read these 10 books and do not read anything else until you have mastered these." because people will actually read those 10. -- good luck reading GB