Monkey Brains

“The only thing an old man can tell a young man is that it goes fast, real fast, and if you’re not careful it’s too late. Of course, the young man will never understand this truth.” — Norm Macdonald

Arrested for carrying a £1000 pounds. More ridiculous policing from Britain's coppers.🙄

Yesterday, Keir Starmer sent a huge A400M military transport plane from the UK base on Cyprus to Tel Aviv The A400M can carry 116 soldiers and an array of weapons, including Chinook helicopters Britain is a participant in the Gaza genocide You are paying for this

An Australian artist had to remove a peace mural in 2022 because "accepting a false narrative that 'all we need is peace' in this case supports evil" - We have for years been indoctrinated that war is virtuous & negotiations is evil to encourage a long war bbc.com/news/world-aus…

The amount of police I see riding shotgun on their phones, no wonder they never catch any criminals.

🇺🇸DAVID SACKS: THE TURNING POINT FOR ME WITH THE MAINSTREAM MEDIA WAS DURING COVID “I agree with you that the mainstream media is not just biased; it's like all propaganda, all the time. And the turning point for me in realizing this was COVID. I think before COVID, I realized that, yeah, you know, the mainstream media largely consists of liberals, so they're going to have a liberal bias. What we saw during COVID was that they were even lying about science, right? It wasn’t just politics." Source: @theallinpod @DavidSacks

@adamscrabble @LeeSmithDC @wtm_leesmith Eloquent and interesting conversation. It's a great insight that we need to spend time dissecting and explaining the world to ourselves. In the modern world narratives change and without taking a view on things we get swept away by the attrition of repetition over time.

📚 Fun chat, @LeeSmithDC expected it would be narrowly on Thucydides - but I expanded the theme to discuss Covid, tyranny, Hannah Arendt and how we tell ourselves "this" story. Thanks @wtm_leesmith 🍿🥤 Please watch & lemme know your thoughts🤔

Human–animal communication has been studied for decades and researchers found common patterns in basic messages. This squirrel is possibly an example of effective communication.

It’s up! Here’s a taste since no one has an attention span over 60 seconds on x… links below. This episode was the best one yet! I love @TuckerCarlson dearly.

5 Stoic Principles That Keep You Mentally Tough In Hard Times. 1. Memento Mori: Remember, you will die. 2. Amor Fati: Embrace your fate. 3. Locus Or Control: Care only about things you can control. 4. Premeditatio Malorum: Prepare for the worst. 5. The obstacle is the way

It can ruin your life only if it ruins your character. Otherwise it cannot harm you—inside or out.

Ever wondered why there are 52 cards in a deck of cards? - the 52 cards represent the 52 weeks in a year. - the 4 suits represent the four seasons. - the black suits are fall and winter and the red are spring and summer. - add up all the cards and you get 364 to represent the days. - the joker is the 365th day! - every 4th pack has an extra joker for leap years! Gm fam!

Over the past three years, journalists have come up with many reasons for the rise in heart damage (e.g. showering). However, none blamed it on the experimental gene therapy administered to billions around the globe. Let me walk you through my TOP 20 reasons in this THREAD. 🧵⬇️

Assange's last photo leaked 😭 Aren't you ashamed, world? Cry, planet Earth

@richfalkwallace Excel file, please Boss.

An entire MBA fits on one page. But you better know the math cold. Like & comment if you want the excel. 6 topics: *1) Unit economics* This builds from product-level unit economics to company financials. Quantity per unit, growth in units. Price per unit, growth in pricing. Cost per unit, marketing spend per unit. Get you return on ad spend (ROAS), customer acquisition cost (CAC), LTV/CAC, gross margins, unit contribution margins, and more. This model sets up two diverging products: A higher gross margin (GM), higher marking cost, low pricing power, low growth product. Against a lower GM, better pricing power, better growing, lower unit market cost product. To show how the dynamics of the two play out over time. *2) Accounting* Unit drivers flow into revenue, variable COGS, and variable SG&A. Then to EBITDA, EBIT, EBT, Net income & EPS. Simple cash flow statements & balance sheets reconcile D&A to inflation-adjusted replacement CapEx, debt levels, & GAAP PP&E. You have to be fluent in accounting to look at public companies. Not because accounting itself matters. But because accounting can obscure what matters. And your task it to translate GAAP into meaningful business logic. *3) Operating ratios* Unit drivers output financials, financials output overall business ratios. Revenue growth, EBITDA growth, EBITDA margins. Contribution margins (= change in profit over change in revenue). Net debt-to-EBITDA, net debt % of EV. *4) Valuation* You can drive valuation on multiples or a DCF. Which are equivalent: The discount rate minus the growth rate determines the 'terminal multiple.' Using a P/E instead of a DCF simply uses next year as the terminal value. This model drives value from the DCF, and maps that to the multiples to show how they connect. *5) Corporate finance & DCFs* DCF math attached using the CAPM. The summary is a beta from historical returns, add the cost of debt. To get the WACC - the theoretically correct discount rate. DCFs are extremely assumption laden - you can get out almost whatever you want. But realistically. Your banker (or analyst) will make the math work out to a 7-13% discount rate. Depending on the risks, industry, markets - and what they want to achieve. *6) Sensitivities & the hard part* The last section sensitizes the equity value and multiples to unit and price growth. Bringing unit drivers full circle to valuation outcomes. Ultimately, the hard part isn't the math. You have to be fluent in the math, its nuances and its limitations. If not, you will lose out to those who are. But once you are, you also have to shift focus. To the hard part. Which is always in filling in the numbers. If you're investing, that means thoughtful views on unit drivers; on how, when, and why they shift. And if you're building, it means making the numbers on the page happen. That's all for now. Like & comment if you want the excel.

@ImNotTheWolf @HawkProTrades @IncomeSharks Following someone can give you an opinion which contrasts your own. That's the point in following them.

@HawkProTrades @IncomeSharks He's a grown man. He knows what he's doing. If you're gonna follow someone, then maybe you should give them a bit of faith. Otherwise, what's the point in following? You can use someone's content for your own analysis, but NEVER try to influence them towards your bias.

Tomorrow, March 13th, the Board of Governors of the FED will be held under "expedited procedures". They will likely discuss the current news developing with the Silicon Valley Bank SVB collapse & on-going bank run on First Republic Bank. What does this mean? It means the FED has a fire under their ass as they know the troubles this environment could bring to the global economy. I expect a high probability of a bailout happening, which will trigger a flurry of buying. If this happens, expect a quick "V Bottom" recovery bounce on the SP500, as well as in Bitcoin / Cryptocurrency markets. This falls in line, 100%, with the macro TA I have been highlighting for months now; - Breakout of Descending Broadening Wedge - Throwback bounce on Resistance, now turned support - Continued rally to ATH This upcoming week will be MASSIVE. Two very important things to look forward to, FED announcement on potential bailout + CPI reports on Tuesday. Cross your fingers, bulls. We need all the luck we can get.

@MacroAlf Great diagram. I almost understand the process ))

To me, there is a more important story going on: liquidity & funding are becoming tougher for small banks QT is reducing the balance sheet of the Fed On the asset side, QT shrinks the amount of bonds the Fed owns. On the liabilities side it could be RRP, TGA or reserves.. 11/

Why this sudden meltdown in bank stocks? A couple of interesting theories and charts are doing the rounds, so let's have a look under the hood. A thread. 1/

genuine tears at this, laurel & hardy themselves couldn’t craft a better gag twitter.com/idososfzdmerda…