rich yang

@QueenAnticommie Quick learner

Next time he’ll know better

@DrewCohenMoney You deserve another 10X.

Just hit 25k on YouTube. On this day a year ago we had 367 subs. Crazy what a year can do. Thank you everyone for the support. But jobs not finished :)

@chibaharuka @mmako111 Agreed. All the Chinese dynasties were multiparty systems. The Chinese nation would not have survived through so many generations.

@mmako111 まあ、いつか中国も多政党の民主国家になったら、その時は今よりもっと仲良くなれるんじゃないかな。

中国と中国人は絶対中国と中国人に対して日本が犯した罪を許さないと言う説をたまに見るけど。日本は中国に対する敵対心を捨てて台湾問題で邪魔しなくなれば、あの戦争に反省する気持ちを真摯に持てれば中国も中国人も許すし、日本は助けを求めたら助けるし普通の隣人になれる。中国人は人よしだよ。

@eldaminato How do you grow rev from $23 bn today to $100 bn by 2030 with a midteen cagr?

La plataforma de streaming Spotify $SPOT estableció hoy durante el Investor Day nuevos objetivos para 2030. ▪️Expectativa de tasa de crecimiento anual compuesta de revenue alrededor del 13-17%. ▪️Margen bruto entre el 35% y 40% hasta 2030. ▪️Margen operativo se mantenga por encima del 20% durante los próximos cuatro años. ▪️Meta de alcanzar 1.000 millones de suscriptores y USD 100.000 millones en ingresos para 2030. ▪️Esperan fuerte crecimiento del FCF para los próximos años y destinar todo exceso de cash a remunerar a los accionistas. ▪️Anunció también un acuerdo con Universal Music para la creación de contenido. "Música para mis oídos" La acción reacciona volando 16% (sigo en el Investor Day que lleva ya dos horas de transmición).

@CarsonTalkMoney What multiple would you give spot on its $20+ bn OI when 2030 comes around (and keep in mind current marketcap is less than $100 bn?)

$SPOT is up 14+% today after an investor conference This is what was announced - A massive AI deal with universal studio - Guidance of 1 billion users by 2030 - Guidance of $100 billion in revenue by 2030 - Gross margins of 35-40% (currently at 32%) Is anyone buying Spotify here?

@OpenMindIsKing @CataPaul2 Oh I know...China is not a democracy.

@CataPaul2 Well case closed china won….why are people from all over the world not moving there?

🇺🇸 U.S. vs 🇨🇳 China comparison 1. Life expectancy
🇺🇸 77 yrs — 🇨🇳 78 yrs 2. Infant mortality /1,000
🇺🇸 5.4 — 🇨🇳 5.0 3. Extreme poverty
🇺🇸 0.2% — 🇨🇳 <1% 4. Public debt
🇺🇸 122% GDP — 🇨🇳 84% GDP 5. Top 1% wealth share
🇺🇸 35% — 🇨🇳 31% 6. Student debt
🇺🇸 ~$37K — 🇨🇳 ~$1K 7. Homicides /100K
🇺🇸 6.3 — 🇨🇳 0.5 8. Prison population /100K
🇺🇸 531 — 🇨🇳 121 9. Women in workforce
🇺🇸 57% — 🇨🇳 61% 10. Workplace deaths /100K
🇺🇸 3.5 — 🇨🇳 1.6

@realroseceline Why should it trade at 25x when it reach 7000 unit and growth will slow down? DPZ is trading at like 16X today.

Another thing I increasingly appreciate about businesses like this is the simplicity and predictability. You do not have to constantly worry about AI disruption, trillion dollar data center capex races, semiconductor cycles, or whether management needs to spend endless amounts of money just to stay competitive technologically. The model is simple and straightforward to understand and forecast. People like eating chicken wings, franchisees keep opening stores, $WING collects royalties, buys back stock, and returns cash to shareholders. There is something very attractive about simple business models with durable economics that do not require constantly reinventing themselves every few years just to survive. I also think investors underestimate how powerful hidden compounding becomes when multiple variables are working simultaneously. With $WING you potentially have unit growth, AUV growth, buybacks, dividends, and high incremental margins all compounding together at the same time. Over 10 to 15 years, that combination can create very powerful outcomes. Most people dramatically underestimate what a durable 15% to 20% compounder can actually become over long periods of time. Of course none of this means the stock is risk free or obviously cheap. The market already understands this is an elite business. The real risk is probably not that the business breaks. The real risk is simply that expectations are already high and growth eventually slows earlier than investors expect. 🌹 2/2

Historically some of the best businesses in the world have been royalty models. Businesses like $MSCI, $SPGI, $V, $MA, franchisors, app stores, exchanges, and licensing businesses all share one common characteristic. They collect a percentage of activity while somebody else takes on the operating burden and investment. In many ways, the ultimate business model is simply owning a small piece of a giant ecosystem while other people do most of the work. That is what makes $WING interesting to me. Franchisees are the ones putting up the capital to build restaurants, hire labor, and deal with day to day operations. Meanwhile $WING collects roughly 5.5% of system sales while maintaining an incredibly asset light structure. The economics of that become very powerful at scale because every additional restaurant adds high quality revenue with very little incremental capital required. Today there are roughly 3,000 stores globally and management believes there is eventually a path to 10,000 stores. Even if they only get to around 7,000 stores over the next 6 years, the math already becomes extremely interesting. At roughly 14% annual unit growth, they would approach around 7,000 stores by the early next decade. Now assume each restaurant eventually averages around $2.5m in AUV. They are guiding for $3m eventually, but I want to stay conservative. I do not think $2.5m is some absurd assumption considering domestic stores are already approaching $2m today and they still have pricing power, operational improvements, digital growth, and international runway. At 7,000 stores, system sales would approach roughly $17.5b annually. Since $WING collects around 5.5% royalties on those sales, royalty revenue alone could approach nearly $1b annually. This is the part I think people really underestimate. Royalty revenue is incredibly good revenue. The incremental economics start resembling software, licensing, or index businesses far more than traditional restaurants because incremental revenue requires very little incremental capital. Even if you assume only 50% operating margins, which is conservative, $WING will generate close to $500m in operating profit. After taxes and other expenses, maybe normalized earnings power eventually lands around $350m to $400m annually. Then on top of that, you also have buybacks steadily reducing the share count and dividends continuing to grow over time. Buybacks become especially powerful in royalty style businesses because every remaining share owns a larger percentage of an extremely high quality recurring cash flow stream. This is another part of the story I think people are missing. If the business eventually earns around $375m annually and the share count declines to roughly 25m shares through ongoing buybacks, that would imply around $15 in earnings per share. If management eventually decides to return even 35% to 40% of earnings back to shareholders through dividends, that would imply roughly $5 to $6 per share annually in dividends. At today’s roughly $125 stock price, that would equate to around a 4% to 5% yield on cost for someone buying shares today, and that is before considering continued buybacks or future dividend growth beyond that point. In other words, investors today may not just be buying a growth story. They may also be buying a future high cash yielding royalty business once the system matures further. At a 25x multiple, which honestly does not feel unreasonable for a business with these types of economics, runway, and returns on capital, you could justify something around a $375 stock versus roughly $125 today. That would imply roughly 20% annualized returns before even including dividends. The important thing is this does not require some fantasy scenario with absurd leverage, impossible margins, or unrealistic same store sales growth. It mostly requires continued unit expansion, stable franchise economics, and reasonable AUV growth. 1/2 👇

@kakashiii111 He can't get enough Chinese noodles.

Anybody knows why Jensen had to stay in China longer than the planned trip? He was there just last Chinese New Year, and Nvidia's market share in China is "0%" and is not going to change. Then, why did he extend his trip? Who did he meet? Are they related to SEA operations?

@Rainmaker1973 Washing dishes is clearly fun and very interesting. Should charge people for it.

An elderly woman in China has captured the internet’s attention after she was filmed arriving at her job as a dishwasher in a luxury Bentley worth approximately $400,000. According to local reports, the woman comes from a wealthy family and does not need to work for financial reasons. She chooses to wash dishes at a restaurant simply because she gets bored staying at home and enjoys staying active and interacting with people. The video, which shows her stepping out of the high-end car in her work apron before heading into the restaurant, was first shared on Weibo and quickly went viral, amassing millions of views. Her story has sparked widespread admiration online, with many praising her humble attitude and strong work ethic. Rather than living a life of leisure, she prefers to stay busy and purposeful, proving that fulfillment often comes from staying active, regardless of one’s wealth.

@Eng_china5 Wonder if the liquid drops have listening devices in them. It’s the Chinese.

Trump’s protection team discovered during his visit to China that they could clean his car using special Chinese detergents — cheap, highly effective, and astonishingly fast, without wasting time. In Washington, the same task would require a tender, equipment, time, and a long chain of procedures.

@Argenpoirot They really should try to be like Americans who would never spy on anyone.

Estados Unidos ordenó máximo recaudo en conversaciones, no portar ningún dispositivo electrónico que no fuera dado por el Servicio Secreto y otras pautas para evitar el espionaje chino. No se dieron cuenta que los chinos le metieron minas a escucharlos. Jajajajajajajajajaja

@HpyNtlya @clashreport They could even catch up to India or Philippines. Just imagine…

@richyang1 @clashreport Imagine where they would be if had freedom

Former Singaporean diplomat Kishore Mahbubani: China has rescued 800 million people out of poverty — two and a half to three times the population of the United States. That's an amazing achievement. When people say the Chinese people are not free, I ask a very simple question: If the Chinese people are not free, why do over 130 million Chinese people leave China each year and then, using their own two feet, return to China every year?

@HpyNtlya @clashreport That’s great progress considering where they were not long ago.

@clashreport Whitewashing Chinese Authoritarian Regime:) how cute But most Chinese can’t travel, roughly 10–15% of Chinese citizens held passports and having one does not mean they travel . Thats a privilege for a minority.

@OopsGuess Glad it’s a democracy with a two term limit for the president.

The funniest contrast is the tone. Xi was talking about bilateral relations, global turbulence, cooperation, confrontation, and the future of humanity. Trump was basically saying: “It’s an honor to be your friend.” “You are a great leader.” “I only say the truth.” “The children were beautiful.” One was conducting diplomacy. The other sounded like he finally got a private dinner with his political crush.

@mvcinvesting What is the run rate rev for 1 GW capacity and the EBITDA margin?

$NBIS just raised its CapEx guidance from $16–20B to $20–25B. “This increase reflects investments in our 2027 capacity that will come online early next year. We expect these investments to contribute positively to revenue in the first half of 2027.”

@RyanFedasiuk @business Did someone say ‘free trade my ass’?

This is a major scoop by @business confirming Nvidia’s Jensen Huang was not invited and will not participate in President Trump’s visit to China. The reality is that U.S. AI policy has hardened post-Mythos, and the Trump administration is taking competition with China extremely seriously. Thanks to @eastland_maggie for the chance to comment: “Keeping Huang off the official delegation list sends a strong signal to the government in Beijing that Chinese AI labs won’t have much success in obtaining top-performing chips like those made by Nvidia, according to Ryan Fedasiuk, a fellow at @AEI. ‘The Trump administration understands how important computing power is to winning the AI race with China,’ Fedasiuk said. ‘There just isn’t much for American chip companies to talk about with the Chinese government.’” bloomberg.com/news/articles/…

@ricwe123 Life does not have meaning without an enemy, a big one for the size of US.

Let's cut all the crap and be real,China isn’t an enemy. It’s simply a competitor of the US and now the leading economic power. Why? Because China didn’t waste trillions on endless stupid wars. They invested in innovation, manufacturing and education. US politicians hate China’s success because it makes them look like clowns.... 🤡🤡🤡 (Matthew Whitaker, US Ambassador to NATO)

@jdonovan42 @BagholderIQ Not 100% but close.

@BagholderIQ Dumb q but how dependent are they on mobile app ads?

People still don’t understand how early we are with $APP. Mobile advertising is shifting toward AI-driven targeting and AppLovin is becoming the operating system behind it. Massive cash flow. Expanding margins. Buybacks. And one of the strongest execution stories in tech. This isn’t a “cheap ad stock” anymore. It’s an AI compounder.

@Floebertus What do you expect them to earn for fy2026 giventhe indicated production and current Au price. $C$2/share?

Serabi ($SBI.TO) shared their annual report today. The company reported ~1 CAD EPS for 2025 on a gold price of ... checks notes ... $3481, and announced a first dividend. Trades at 6x 2026 earnings if gold falls to $3000 tomorrow and stays there for the rest of the year. Increasing capacity, resource base, and reserves... Trades near ATH with gold down & oil up... Well done!

@gonglei89 2006 feels just like yesterday.

“They bought a Russian fighter engine, took it apart, and copied every part. Their copy ran 30 hours between overhauls versus 400 for the original. Modern Western engines run 4,000.” If you insist on being stuck in 2006 you’re going to have a terrible time in 2026.