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Tren Griffin
@trengriffin
, 3 tweets, 1 min read Read on Twitter
To say it is hard to buy assets at a bargain to intrinsic value so as to create a margin of safety when world markets have been flooded with cash is a vast understatement. For example:

"The World Now Has $13 Trillion of Debt With Below-Zero Yields" google.com/amp/s/www.bloo…
Any asset that may generate cash flow is being bid up in price as a consequence of "dovish" monetary policy. Why would this not be true? In addition, people desperate for yield are buying assets that will never generate any cash but they believe may increase in speculative value.
More intangible value = book value is much less often useful

Low rates = asset price appreciation

More investor skill/more marketplace data = faster mean reversion

More investor fear = more herd behavior

What's happening now hasn't happened before = uncertainty/ignorance.
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Tren Griffin
@trengriffin
1/ A startup CFO goes into a bar and sits down.

Bartender: "What'll it be?"

CFO: "Set me up with seven whiskey shots and make em doubles."

The bartender served the whiskey and watched the CFO drink the shots one after the other, almost as quickly as they were served.
2/ Bartender: "Why are you doing all this drinking."

CFO: "You'd drink these whiskey shots this fast too if you had what I have."

Bartender: "What do you have?"

CFO: "I have a some highly underwater stock options, a pitch deck and one dollar."
3/ Father Flannigan was waiting in line at the Pearly Gates. Ahead of him was a startup founder. Saint Peter said to the founder: "Take this silk robe and gold staff and enter."

Saint Peter then said to Father Flannigan: "Take this cotton robe and wood staff and enter."
Read 6 tweets
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Tren Griffin
@trengriffin
“We get these questions a lot from the enterprising young. It’s a very intelligent question: You look at some old guy who’s rich and you ask, ‘How can I become like you, except faster?’ ”

“The game is to keep learning. You gotta like the learning process…."
Charlie Munger
A 14-year-old came to Mozart and said, ‘I want to be a great composer.’

Mozart: "You’re too young. Keep learning."

14-year-old: "You were only eight or nine when you started composing."

Mozart: "Yes, but I wasn’t running around asking other people how to do it."
"A joke during the depression was the guy who said, ‘I bought stock for my old age and it worked — in 6 months, I feel like an old man!’ It’s tougher for you now than it was for me, but that doesn’t mean you won’t do well — it just may take more time. But you may live longer.” CM
Read 3 tweets
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Tren Griffin
@trengriffin
When a movie subscription seller owns the theaters, what issue does that resolve that can be described by three words with the first letters "WTP"? deadline.com/2019/07/regal-…
"There will be three tiers of pricing, which work out to $18, $21 and $24 per month, each granting access to unlimited tickets. Those purchasing a top-priced tier will have access to any Regal Cinema while the lowest tier gets access to ~ half of the chain’s national footprint."
This is a sentence you don't see very often: "Shares are down 100% over the past year, compared to the S&P 500’s SPX+0.77% 10% gain." bing.com/amp/s/www.mark…
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Aleksi Grym
@aleksigrym
1/ Reading through Libra materials. First reaction: looks like just another altcoin. The language in the whitepaper is embarrassingly familiar and overused. It seems blind to the fact that no one wants to use crypto for payments. Launching yet another coin doesn't change that.
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You mean like M-Pesa?
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LifeMathMoney
@LifeMathMoney
Correct.

Most try to skip step 2 and 3 (the journey).

There's a "Years of progress in one week" e-course industry structured around this

But let's put it like this:

I'd hire a guy with 1 month of internet marketing experience than a guy who spent $497 on a copywriting course.
No matter what seminars or private $2000 events you chose to attend, you're not going to get anywhere - aside from being taken for a ride.

Don't try to skip the journey.

The journey is what makes you.

Lifehacks lead to long term failure.
I see this all the time.

"Real estate course"

"Stock market trading course"

"Copywriting course"

None of these courses will get you anywhere.

Zero sum games.
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Piyush Katariya
@AhamPiyush
#OSHO

Start with #desire.

One has to begin with desiring something that cannot be achieved by desiring. But if you are aware of this fact - if you are aware of the fact that you are desiring something that cannot be desired - it helps. At any moment, you can take the #jump.
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You cannot begin with no #desiring. The mind will make this non-desiring also the desired object.

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