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Tren Griffin @trengriffin
, 3 tweets, 1 min read Read on Twitter
Charlie Munger: "Envy and jealousy made, what, two out of the ten commandments? I've heard Warren say a half a dozen times, 'It's not greed that drives the world, but envy.' Envy is a really stupid sin because it's the only one you could never possibly have any fun at."
"Envy is the only sin you can never have fun doing.” Charlie Munger at the 2010 BRK Meeting

“If you combine gluttony and lust you can have a helluva weekend.” Warren Buffett’s follow on comment.
"Generally speaking, envy, resentment, revenge and self-pity are disastrous modes of thought, self-pity gets pretty close to paranoia, and paranoia is one of the very hardest things to reverse, you do not want to drift into self-pity.” 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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Me, watching the second half of the "Reflections: A #GC2Summit on responding to sexual harassment, abuse, and violence"
oh goddess they're singing again
First in the afternoon: "Ashes to Beauty: When Jesus Heals" by Jeanette Salguero.
Read 65 tweets
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This all started because the #MetPolice & #LBRUT couldn't do their day jobs properly & decided to take the law into their own hands. It started as a small cover up 12 years ago but has turned into British State Persecution.

#Skynews #BBCNews #DailyMail #Guardian #Euronews
My company was raided. It should have been a straightforward matter. But the #MetPolice & #LBRUT forgot to seize my computer & came back to do a 2nd raid. The search warrant didn't permit a second entry, however, #LBRUT entered unlawfully

#Guardian #Telegraph #DailyMail #GMB #UK
Complaints were then made to my MP #VinceCable. He liaised with the #Metpolice & #LBRUT. And then weeks later, the search warrant was completely changed & was passed off as the search warrant executed on the day of the raids.

#DailyPolitics #Libdems #Conservatives #labour #bbcdp
Read 147 tweets
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1/ Part 4 of 4: Implementation

Part 1


Part 2


Part 3
2/ So most of what we've talked about is pretty simple.

Start with the global market portfolio as a base case allocation, it's diversified and you can implement it for ~free.

That's roughly half in stocks and half in bonds. And of that, it's half US and half foreign...
3/ Which reminds me of the Bogle quote:

"I'm about 50 percent stocks and 50 percent bonds and I spend half my time worrying about why I have so much in stocks and the other half worrying about why I have so little in stocks."
Read 32 tweets
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THREAD:

LIVE: Deputy AG Rosenstein & FBI Director Wray testify on 2016 election

Goodlatte is opening, voting on rules- now doing roll call vote
Jackson Lee questions the cause for the hearings, Goodlatte states its good cause and Jackson Lee is pushing back asking why. 17 Yay 13 No- Goodlatte sparring with Jackson Lee about why they are having the hearing.
Read 162 tweets
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1/ Manu (The progenitor of Humankind)
All different races of Mankind are derived from Manu and Shradha. The current Manu is Vaivasvata Manu.
2/ The word Manu literary means man but it is a title given to the progenitor of mankind. According to Hindu Puranas there are many kalpas (One day of Lord Brahma the creator) and each Kalpa has 14 manvantara and each manvatara has one manu. So basically each Kalpa has 14 Manus.
3/ The current manu of the present manvantara is Shraddhadeva or Vaivasvata Manu of this current Kalpa. He is the son of Vivasvat (Probably Surya) and is therefore also known as Manu-vaivasvata.
Read 155 tweets
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If I were designing Ravnica 3: An ongoing thread about magic design
It's a topic I've been thinking about for a long time. It's no secret that Ravnica was my 2nd favorite block design, after time spiral
It was a masterclass in 4th age design, w/ its focus on block structure. Rav's structure challenged the audience to think like a designer
Read 148 tweets

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