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, 3 tweets, 2 min read
An operator that stops reselling content is free from the "wholesale transfer pricing power" (see my previous tweetstorm) of content owners and can instead focus on service differentiation at the network function level (encryption, security, network acceleration and other CNFs).
25iQuiz: Why would the significant size of cable operators referred to by John Malone years ago no longer be enough to offset wholesale transfer pricing power of content owners? What changed? google.com/amp/s/25iq.com… Being an OTT provider requires direct customer relationships.
25iQuiz Extra Credit Question:

Is investing in network services within your circle of competence if you don't know what these terms mean? How technical must you be to be in your circle of competence in this case?

Bare metal?
K8s?
VRAN?
SDN?
gNB?
MIMO?
Fronthaul?
Top of Rack?
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Tren Griffin
@trengriffin
1/ Michael Mauboussin: “A beautiful thing about expectations investing is it actually reverse engineers the process. … implied from the market price [are] the expectations for a business.” acquirersmultiple.com/2019/10/the-3-…
2/ “One thing we know for sure is the price. You then basically are asking a simple question: what has to happen for this price to make sense? Can I do a good job, or a reasonable job, of trying to understand the consensus expectations that are built into this price?"
3/ "Sales growth rates, operating profit margins, capital intensity, and understanding what has to happen for that price to make sense. You’re making an over-under judgment rather than saying, ‘I have a laser precision as to what I think the thing is worth.’” To be continued...
Read 21 tweets
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Tren Griffin
@trengriffin
"The world of technology thrives best when individuals are left alone to be different, creative, and disobedient.”

"All companies that go out of business do so for the same reason – they run out of money.”

Don Valentine, RIP 25iq.com/2015/02/21/a-d…
"Give me a giant market.”

"My position has always been: you find a great market and you build multiple companies in that market.”

"Do I like to do that with terrific people? Sure. Are we unwilling to invest in companies that don’t have them? Sure." DV
google.com/amp/s/25iq.com…
"The art of storytelling is incredibly important. Learning to tell a story is critically important because that’s how the money works. The money flows as a function of the story.”

"Don Valentine participated the birth of the silicon chip and the development of the VC industry."
Read 3 tweets
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Tren Griffin
@trengriffin
"It was a 90-degree turnaround" apnews.com/6da0840ac53748…

Maybe that 90 degree reference was intentional. Or not. Still a tough business even if you make a 1/4 turn.
Wholesale transfer pricing: "It’s very disappointing that we were unable to negotiate a long-term extension of our lease at our Times Square location," gothamist.com/food/shed-auth…
In Anthony Bourdain’s "Disappearing Manhattan" episode he pointed out that old school restaurants are able to stay in business only because they have no landlord. google.com/amp/s/25iq.com…
Read 3 tweets

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Nooresh Merani
@nooreshtech
#TweetStorm - Expensive or deserves to be Expensive ? 1)One thumb rule for screening expensive companies is Market Cap to Sales or Enterprise Value to Sales. A 10x or more is generally expensive unless the company can grow sales rapidly or has extremely high Net Profit Margins.
2)Another way to look at expensive is if the Market Cap is equal to the Total Sales of the Addressable Market Size. This would lead to company having to launch different products in the future.
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Nooresh Merani
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#TweetStorm -#LTCG Tax on Equity - Taxing Genuine Investors to get a best case 3000-5000 cr of Tax Revenue and losing 15 lakh crore Market Cap but not catching and penalizing Tax Evaders/Money Launderers does not seem Morally or Revenue Right. #Tweetstorm.
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Looks like 5 years data added as per Income Tax Website.

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Doc Rock ❌
@chbstone2
The professional politicians have done an excellent job of splitting up the issues to keep the citizens fighting with each other so we don’t focus on the fact that they are the problem, not us.
The professional wrestling promoters know that good fighting evil and prompting the audience to be involved in the action will keep people engaged. Our career politicians know it, too.

Without a crisis to engage the public, the career politician is less significant.

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Nooresh Merani
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#TweetStorm
In 2015-2017 A lot of people wanted to become Full Time #Investors via #Smallcaps seeing #Multibaggers shown by #Advisers #Investors. In 2018-2019 a lot of people want to become Full Time #Traders via #OptionWriting, #Futures seeing #M2M shown by #Trainers #Traders
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Jatin
@jatinuva
#tweetstorm

"How I took back charge of my social media"

From mid of 2018, I made a significant change in my approach towards social media. I started customising my social media settings with the tools made available by each platform and the smartphone I use.
As I kept experimenting with this approach, I cracked my way out of the echo chambers I created around topics that kept me fixated, unsettled, outraged or even angry. This new approach has significantly improved my work life, personal life and my life on social media itself.
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The Museum of English Rural Life
@TheMERL
Okay, are you ready for a tale of tragedy, comedy and mice?

We have another story, and you’ll be glad you came for the ride:
(if you’ve been following us for 2+ years you’ll have heard this one already. Sue us.)
A few years ago we realised the museum was – among many other things – ‘too brown’, so we had a makeover.

As in, rip-out-the-organs-dust-down-the-bones-and-start-again makeover.
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