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Tren Griffin @trengriffin
, 3 tweets, 1 min read Read on Twitter
Charlie Munger is 95 years old today. He has said he is not be a role model for anyone (especially the way he always says exactly what he believes without much tact), but I have learned a lot from him. This was my attempt to reduce his ideas to 500 words. google.com/amp/s/25iq.com…
The 2019 Charlie Munger Show (AKA The Annual Meeting of Shareholders of Daily Journal Corporation) will be held on Thursday, February 14, 2019, at 10:00 a.m. Pacific Standard Time, at the DoubleTree by Hilton Hotel in Los Angeles.
If you want to know what the 2019 Charlie Munger Extravaganza in Los Angeles in February will be like, I suggest you read the transcript from the 2018 event: latticeworkinvesting.com/2018/02/19/cha…
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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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Customer: I need a baby

Junior dev: With one pregnant woman we can deliver it in 2 years

Senior dev: Make it 4 years

Project manager: Can't we just hire 9 pregnant women and deliver the baby tomorrow?

Consultant: My opinion is that your baby is ugly as hell, here's my bill
Architect: I'm proud to say this baby can fill 10 diapers in half an hour, probably more but we ran out of diapers during the load test
Startup CEO: Our baby uses Blockchain please give us money I'm hungry
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The kids from Sandy Hook should be in middle school today.

The kids that survived are in middle school... still practicing active shooter drills.
Olivia Engel, 6

She was bubbly and smart. She played Tennis and swam. She loved to draw and paint.

She was killed 6 years ago today in her elementary school.

Her parents would like you to donate here in her memory: oliviaengel.org
Rachel D'Avino, 29

She had a Bachelors degree from the University of Hartford, a Master's degree from Post University and she was working on her doctorate. and

6 years ago she was named a hero for protecting and comforting the kids during the massacre. She was also killed.
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** announcement **

It's 10 am, and I'll be here all day, live-tweeting Dr. Christine Blasey Ford's testimony then Brett's lies and every misogynistic moment in between.

#StopKavanaugh
In addition, there will be timely updates and thoughtful takes on our home page from colleagues @joanmccarter @kerryeleveld @Scout_Finch @wallein @HunterDK et al. dailykos.com
Dr. Christine Blasey Ford is here, and she's wearing a cerulean power suit. She looks nervous, keeping her head down--when she finally turned, audible clicks take over the audio.
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1/ I consider myself to be relatively knowledgeable when it comes to personal finance...I’ve invested a lot of time educating myself over the years. The ~10 focuses & my beliefs will always change which is why it’s such an interesting topic. It also may be the most important.
2/ I’m going to share short and concise opinions each day and see how long I can go on for. Note that personal finance is highly.. personal. Not everything is advisable and applicable to everyone.
3/ Keep your personal burn low. Budgeting is important (and it’s actually easy). @PersonalCapital is the new @mint. Open an account and use their free service. Tracking income and spend is the first step to developing a budget and lowering expenses.
Read 102 tweets
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The news on our side of the world is fundamentally grim these days, but at least I can shed some light on people's lives that are fundamentally grimmer.
Sigh. Where oh where to begin? I guess here, because it's the first photo I found from my time there.

This is Hebron in the West Bank.
Hebron is the home of one of Islam's holy sites, the Ibrahimi Mosque.
It also happens to be a Jewish holy site named after Abraham as well.

Because of course Judaism and Islam (and Christianity) are fundamentally linked with Abraham. aljazeera.com/news/2016/02/r…
Read 94 tweets
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I’ve made cosmetic use of Twitter in my 8 years here, barely scratching the surface of what’s possible on it.

To be honest, I’ve never felt it has any value as a microphone *for me*, but I’ve learned a lot on it. So here goes:
My fallacy is believing everything I’ve learned has a source that can be linked to. Reading *is* a meta skill (@naval), but how do you know your thoughts are your own and what do you do about it?

I read more than anyone I know in person, but does this help?
“Your mind is like a compiled program you've lost the source of. It works, but you don't know why.” —@paulg in paulgraham.com/know.html

This thread is to understand the models in my head and where they originate. *THIS IS NOT an essay on Fixing Your Life.
Read 35 tweets

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