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Sahil Bloom Profile picture
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31 Oct, 7 tweets, 3 min read
50,000 followers. Wow.

When I started this journey in May, I never could have imagined where it would take me.

I am so grateful. I hope you have learned (and laughed!) along the way.

In honor of this milestone, here are my 5 favorite threads from the journey to date!

👇👇👇
1/ Mr. FEDerico goes to the market. The one that started it all! Special thanks go out to @Chamath and @scottmelker for the original retweets that got my Twitter account off the ground!
2/ Cantillon Effect 101. A critically important concept to understand in the current environment.
3/ Cobra Effect 101. When intervention and policy leads to unintended consequences. Policymakers beware!
4/ Malcolm McLean’s “containerization” of the world. A fascinating story of industrial ingenuity and outside the box (literally!) thinking.
5/ The Pizza Cheese King. The fascinating story of James Leprino and how he turned a $615 investment into $3 billion.
What were your favorites? What should I cover next? I’d love to hear from you!

If you aren’t following me already, I hope you’ll join me on this journey as I continue to demystify the world of finance, money, and economics. Check out my meta-thread below.

Much love to you all!

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More from @SahilBloom

Sahil Bloom Profile picture
2 Nov
One entrepreneur went from selling fax machines door-to-door to running an international fashion empire.

She turned a $5,000 initial investment into a net worth of over $1 billion in the process.

Who's up for a story?

👇👇👇 Image
1/ Sara Blakely was born in 1971 in Clearwater, Florida.

Attending Florida State, she studied communications and was a member of the Delta Delta Delta sorority.

She planned to follow in her father's footsteps and become a lawyer, but low LSAT scores derailed her plan.
2/ After graduating, she struggled to find her calling, working at Walt Disney World in Orlando and trying her hand (unsuccessfully) at stand-up comedy.

She eventually landed a job with Danka, an office supply company, selling fax machines door-to-door. Image
Read 18 tweets
Sahil Bloom Profile picture
28 Oct
Dollar Cost Averaging 101

Many of the brightest minds in the investing world share one common trait: they recommend dollar cost averaging as an investment strategy.

But what is dollar cost averaging and how does it work?

Here's Dollar Cost Averaging 101!

👇👇👇
1/ Dollar cost averaging, or "DCA" for short, is a simple investment strategy in which an investor splits the total amount to be invested in a given asset across regular periodic purchases.

The regular purchases occur regardless of price, volatility, or economic conditions.
2/ The goal is to remove the complexities of market timing from the process, allowing an investor to build their desired position without concern for external factors.

Its simplicity removes behavioral and psychological biases from the equation.

Let's look at an example.
Read 12 tweets
Sahil Bloom Profile picture
26 Oct
One young entrepreneur transformed his family's failing neighborhood market into an international food empire.

He turned a $615 investment into a fortune of over $3 billion.

Who's up for a story?

👇👇👇
1/ James Leprino was born in 1938 in Denver, Colorado.

Mike Leprino Sr., James' father, had emigrated from Italy to the United States in 1914 at the age of 16.

He had very little understanding of English, but food was always in his blood, so the elder Leprino began farming.
2/ By 1950, Mike Leprino Sr. was able to open a small market in Denver's Little Italy neighborhood.

So it was that Leprino Foods was born.

Beginning with fresh produce, the market quickly expanded to offer authentic Italian specialties for its largely Italian clientele.
Read 14 tweets
Sahil Bloom Profile picture
21 Oct
Cobra Effect 101

With the rise of government and central bank intervention in the economy and markets, the term "cobra effect" has experienced a revival.

But what is a "cobra effect" and how does it work?

Here's Cobra Effect 101!

👇👇👇
1/ The term "cobra effect" is used to describe a situation where the solution to a given problem makes the problem worse.

It is commonly used when talking about the unintended negative consequences of government policies.

Well-intentioned solutions may make matters worse.
2/ The term originates from an ill-fated British policy implemented in India during its colonial rule.

Concerned about the number of cobras in Delhi, they announced a policy that offered a reward for dead cobras.

It started well - many dead cobras were turned in for the reward.
Read 12 tweets
Sahil Bloom Profile picture
19 Oct
In 1906, a lawyer in Maine decided to buy a cranberry bog.

100+ years (and one vibing skateboarder) later, the legacy of his decision spans an international, multi-billion dollar business.

Who's up for a story?

👇👇👇
1/ Marcus L. Urann was born on October 2, 1873 in Holden, Maine, a small town on the outskirts of Bangor.

In 1893, while attending the University of Maine, he was the captain of its first football team and a founding member of the Phi Kappa Phi fraternity.
2/ After graduating, he embarked on a reputable career as a lawyer in his native state.

But Marcus Urann had an entrepreneurial thirst that could not be quenched by this safe day job.

So in 1906, the lawyer from Maine purchased a cranberry bog.

He had big plans.
Read 15 tweets
Sahil Bloom Profile picture
15 Oct
Fiscal Policy 101

In the wake of the COVID-19 economic crisis, you have undoubtedly heard the term "fiscal policy" thrown around a lot.

But what is fiscal policy and how does it work?

Here's Fiscal Policy 101!

👇👇👇
1/ First, a few definitions.

Fiscal policy is the means through which an individual government adjusts its cash inflows and outflows to impact the country's economy.

Inflows typically relate to tax revenues.

Outflows typically relate to government spending.
2/ The fiscal balance is the difference between a government's revenues and expenditures.

Deficit = Spending > Revenues
Surplus = Revenues > Spending

(Note: Please refrain from laughing at the idea of a government running a surplus right now)
Read 14 tweets

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