Adith Victor

idea: all auto roofs should be transparent so you can look up and enjoy the trees and skies

@rhysdiab @CharlieRuland @joecarlsonshow He does - whalewisdom.com/filer/igy-ltd

@CharlieRuland @joecarlsonshow I actually wonder if he still holds it. Would love to see if he’s stuck with it along with Amazon and Berkshire

When I bought Costco in 2017, it was trading at around a 25-30 PE. Over that time period, the stock grew EPS from about $6 to $17. While growing earnings by triple, they paid about $43 of per share dividends over that time. They also accomplished this while having no net-debt and always keeping billions in extra cash. If Costco traded at the exact same multiple I first purchased it at, the stock would still have outperformed the S&P500 by over double. The multiple expansion is an added bonus to the outperformance. The people saying "everyone knew Costco was a good company back in 2017". My question to you is: Then why didn't you buy it? If it was so obvious that it would have this incredible of fundamental performance. If it was obvious that Costco would hold up so well against Amazon, when they announced they were pushing into the space, if it was obvious that Costco would outgrow Sams and BJ' Wholesale, if it was obvious that Costco would have international success in every country it opens in. If it was obvious Costco would gain millions of members and have earnings growth as other retailers like Target, DG, etc struggle. If it was obvious Costco would over double the S&P500 returns on a non-multiple expansion basis, then why didn't you buy it? If you want to follow a bunch of hindsight investors, you can follow many of the anonymous accounts on twitter than never post their returns and try to take away from any successful investment. I don't do that. For over half a decade I've been making content on Costco and continually calling it the single best business model in the world, and I put real money behind it, and have done so publicly. This stock was not as obvious of a winner back then as it appears now, sentiment has improved for it. People have short memories and forget that companies that appear strong now (example: Netflix) had very real concerns at one point or another.

@rrhoover @adaptiveai You should get @Ryanair onboard and reintroduce this offer 👇 salon.com/2000/05/03/rya…

Introducing Ryan Party!! An exclusive directory for people named Ryan. Ryan's, assemble! ryan-party-689w8zow.adaptive.ai (built in 15 mins with @adaptiveai)

About to launch my most ambitious side project ever. Stay tuned.

@zach__davidson @pitdesi @BearCaveEmail?

@pitdesi Didn't realize he never managed any money Do you know of any other research institutions that operate this way?

Short-selling is not for the faint of heart Hindenburg built a business finding fraud in public and private markets as an activist short-seller, & mostly got it right! Now founder Nate Anderson says he'll invest his money in index funds and other low-stress investments :) TIL Hindenburg never actually managed money - they shared ideas with other funds for a cut of profitable trades alongside their own $$.

@KenyonJohn @rrhoover Agree 💯 @suno_ai_

@rrhoover Suno is crazy, I can't believe it does what it does in like 8 seconds

I'm working on a music project. What are your favorite gen AI tools for sound or stem creation? (I'm not looking for full song creation, a la Udio or Suno)

@rrhoover @calmfund @tylertringas calmfund.com

Who's building a fund to buyout VCs in companies that have a good but not venture scale business?

A beautiful post by @morganhousel. Reminded me of Warren Buffett's insistence on keeping an inner scorecard versus an outer scorecard fs.blog/the-inner-scor…

@WolfOfDalalSt @borrowed_ideas Stock-based compensation

$AAPL has not only been a buyback machine, but thanks to its rising stock price, its stock issuance for SBC declined by ~30% from 2017 even though SBC expense rose by 63% during the same time. $FB is in the opposite direction thanks to its standstill stock price in last 5 years.

Many will disagree with me on this. I’ve said that VC is not an asset class. It’s not investing (it’s a great discovery mechanism. At later stages, with more data, it's investing. So some have described VC portfolio as basket of options. Have some thoughts on this…

9/10 Investing is my lens to understand the world. It isn't a comprehensive lens, of course, but this is perhaps as good as it gets to figure out how the world works. The last couple of years market has been anything but boring.

@borrowed_ideas @LibertyRPF twitter.com/TWaschenfelder…

What a terrific mini-essay by my friend @LibertyRPF. I wish this were much more widely read, believed, and internalized. Life is difficult for everyone in its unique ways. We're all just trying very hard every day to be on the right side of the distribution we find ourselves in.

@ParikPatelCFA @paraga @jack Patel Cubs are the new Tiger Cubs

@paraga @jack I I remember when you were just a small boy in Bombay. I am proud of you betaa ❤️

Deep gratitude for @jack and our entire team, and so much excitement for the future. Here’s the note I sent to the company. Thank you all for your trust and support 💙

@StockJabber @Quartr_App @TickertapeIN ☝️

I'm making a list of the best free and paid resources for investors. Substacks, podcasts, webinars, online courses, software, hardware, websites, anything unique and useful. Reply with your favorite underused product/service. Below are my top 11👇

11/ this is basically what I do.

There's a growing quiver of tools for new fund managers to deploy innovative investment strategies, but it can be confusing for investors. Let's go over: 1/ rolling/subscription funds 2/ syndicates & SPVs 3/ crowdfunded GP equity

Beta is a measure of short-term volatility, not long-term risk. Low beta can be low risk. Low beta can be high risk. High beta can be low risk. High beta can be high risk. All 4 are possible. From Buffett’s 1993 and 2011 letters:

The dangers of blindly following rules without understanding *why* they're there: (From Charlie Munger's masterful talk, The Psychology of Human Misjudgment. Source: Poor Charlie's Almanack)

A trick I learned from @naval to get rid of envy: If you are going to be jealous of someone, you must be willing to swap your *entire* life for theirs. You can’t cherry-pick the aspect of their life you want. You must give up *everything* you have and know. Not interested.

@Francis_HR90 @FarziCricketer @MensDayOutIndia @myntra

@FarziCricketer @MensDayOutIndia @myntra I was telling exactly the same to one of my friends 2 years ago.

#Myntra To Change Logo After Police Complaint By NGO Calling It ‘Offensive Towards Women’ ▪️ DCP Cyber Crime Mumbai | "We found logo was offensive in nature for women. Following the complaint, we sent an email to @myntra & their officials came & met us" mensdayout.com/in-the-social/…

Superpowers you can have: - Ability to change yourself & your mind - Not taking things personally - Not needing to prove you're right - Careful selection of all relationships - Staying calm - Being alone without being lonely - Being ok being uncomfortable - Thinking for oneself