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Tren Griffin @trengriffin
, 3 tweets, 1 min read Read on Twitter
"'Cash rules everything around me' but it don’t rule me, it rules things around me." Rza's CREAM philosophy at Wu-Tang Clan tracks Charlie Munger's idea that the best use of wealth is creating Ben Franklin style independence rather than buying more things. 25iq.com/2016/01/02/a-d…
"Cash is a call option with no expiration date on every asset class, with no strike price.” Warren Buffett.

"Wealth isn't about having a lot of money; it’s about having a lot of options.” Chris Rock.

“What money gives you is freedom to not worry about money.” Johnny Carson.
"Like Warren, I had a considerable passion to get rich, not because I wanted Ferraris – I wanted the independence." "By the age of 42, Ben Franklin had as much money as he needed." Charlie Munger. google.com/amp/s/25iq.com…
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"According to the survey results, the median pay for full-time writers was $20,300 in 2017, and that number decreased to $6,080 when part-time writers were considered. The latter figure reflects a 42 percent drop since 2009, when the median was $10,500."
In my blog post on writing books I wrote: "6. Don’t expect to earn more than the minimum wage and be thrilled if you earn more." google.com/amp/s/25iq.com…
"In Mémoires (1759), Voltaire recalled how in his youth he had come across so many writers who were “penniless and held in contempt” that “he had decided not to add to their number.” laphamsquarterly.org/luck/voltaires… "Thanks to his fortune he was free to pursue his writerly life."
Read 3 tweets
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"Companies can lose a lot of money in their early years but be wonderful businesses if they are acquiring customers with long lives and strong variable margins."

But some businesses just do the losing money part. A critical skill is knowing the difference between the two types.
Customer-based corporate valuation (CBCV) = valuing a business on a "bottoms up" basis by valuing the customers. In a subscription business especially, this is an essential process if you want to understand if real value is being created despite a lack of current GAAP earnings.
"CBCV isn’t about being profitable from day one. It’s about variable profitability in net present value terms (while still being mindful of fixed cost overhead of course!)" Determining whether a specific business is a delicious cheesecake or a turd requires detective work.
Read 6 tweets
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“The Fasten Seat Belt sign is now illuminated. If you haven’t already done so, please check your cash and cash equivalent balances. Please lower your burn rate and make sure your defensive investments are in their full upright position.”
“If you find yourself needing an emergency exit from illiquid investments, please read carefully the special instructions card. Cash is more king than ever. If you can’t handle the haircut you are about to experience, please ask someone to do the selling to raise cash for you.”
“We remind you this remains an uncertain and no sympathy correction. No one knows anything for sure as is usual. Crying and whining is prohibited, including in the lavatories. Tampering with, disabling or destroying your brokerage statements is pointless and prohibited by law.”
Read 5 tweets

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(10/17/17) Attorney General Sessions Announces Director of Asset Forfeiture Accountability justice.gov/opa/pr/attorne…
"...Mr Broidy “agreed to try to influence a potential nominee for a fed position that would have authority over the 1MDB FORFEITURE MATTERS,” according to the filings, which note that the potential office holder was not nominated."

WHO? 🤔

nyti.ms/2DU1V4O
Read 64 tweets
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Pro tip: Learn as much as you can from @BrentBeshore.

An honor to host him on the "Naked Brands Interview Series."

Themes:

🗣️ Why marketing is like investing

📱Building trust with content marketing

👨‍👦‍👦 The Wu-Tang Clan approach to marketing

perell.com/blog/brent-bes…
"The less developed a market, the less valuable you have to be in absolute terms. You just have to be better than everyone else. I don’t want to try to outcompete smart, and hard working people. I want to find the lowest bar to jump over and then get good at pole vaulting."

💯
The mechanics of marketing work identically in every business, although the application varies wildly:

1) Find customers.

2) Educate them on your value proposition.

3) Build trust.

4) Deliver for them.

5) Ask them to tell their friends.
Read 8 tweets
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If football nations were rappers, Uruguay would be Pusha T. Veterans, perennial contenders, they know their formula, they always deliver by means fair or foul, and no-one *ever* wants beef with them.
If football nations were rappers, Germany would be Drake. An almost constant flow of hits, swiftly recovering from the odd bum note, completely reinventing themselves every few years.
If football nations were rappers, France would be Mos Def. Impossibly gifted, there’s no-one better when they’re in full flow, but they sometimes vanish just when you expect them to deliver a classic.
Read 17 tweets
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These rap and tech tweets won’t stop. Because they can’t stop.

Imagine a well operating team. It’ll mirror what Wu-Tang Clan did. It’ll form like Voltron and you’ll have a Genius at the head. You’ll even have an ODB because every great team needs an ODB.
The ODB great because there is “no father to his style”. This individual does great things outside of the status quo.
Your Method Man brings credibility to your team. They aren’t the only star of your group, but the masses can relate. They can do great things for the “street” (other techies), but can crossover when needed.
Read 8 tweets
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💪A thread on amazing Twitter threads 😍👇
In the process of revamping my #Twitter profile (dormant earlier), I have come to appreciate the wonderful underutilized platform it is!
Some threads contain crisp knowledge capsules that can help many. Starting 1 on such curated content
1. I largely rely on this: threadreaderapp.com to find content
2. What I wish to share is what coincides largely with my interests- #Learning, #Investing, #Behavioralpsychology (#mentalmodels, #bias, etc), #Businessbooks, Industry insights/case studies, Life experiences, etc
3/n
 While it will be difficult to structure the order of content here, I will try to block threads by category (as noted above & more). Feel free to comment with any good thread that you would have come across. Cumulative learning always helps.
#vicariouslearning
Read 37 tweets
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Je vois et reçois trop d'histoires et de commentaires tristes sur la vie de couple, notamment autour de moi. Du coup, je vous ai fait un thread qui va décomplexer tout le monde, avec du Wu Tang, du Biactol et du Charles Bronson dedans. Ça s'appelle #GhettoLove 👇🏽👇🏽👇🏽
Meufs be like "Pr le mariage c'est mort, tous les mecbiens sont soit pris, soit à Bahawalpur. Mm pas en rêve mon père accepterait si un mecbien venait me khtob en Urdu. À - que je prépare un bon plan à base de scénario Bollywood genre 't'as vu c'est comme le film de maman, là' "
Mecs be like "Moi qui essaie d'être un mecbien, mes chances de trouver une meufbien qui 1) cherche pas la maille 2) m'accepte même si j'ai pas fait Harvard sur Seine 3) me plaise, sont en train de se réduire comme les chances de Nadine Morano de recevoir la médaille Fields"
Read 44 tweets

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