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Brian Feroldi

@BrianFeroldi

31 Oct

When I started "investing" in 2004 I had no idea what I was doing

I couldn't tell you ANYTHING about a balance sheet, income statement, management...nothing!

To prove just how bad I was, I looked up the first stocks I bought in 2004-2007

Here's how it went...

👇👇👇👇👇

Stock #1 - $STEM

I heard stem cells were going to be big, so I bought this penny stock

The ONLY thing I knew was the ticker - That's it!

I sold it for a 20% gain in a few months

My feelings: Investing is easy!

Stock #2 - $DIGI

Another penny stock -- I couldn't tell you ANYTHING about this company either

Bought for $1.40 -- sold 1 month later a 5% loss

My feelings: Investing is still easy!

(currently about $0.10 share, down 90%)

Read 21 tweets

Brian Feroldi

@BrianFeroldi

20 Oct

10 Reasons Why You Have An Edge Over Professional Money Managers

1⃣High fees:

Management fees act as a drag on returns

👇👇👇

2⃣Incentives:

Money managers are paid to acquire assets, not outperform (usually)

A $1 billion AUM fund makes 100x more $10 million AUM fund

So, managers spend most of their time...acquiring assets

Outperforming helps to acquire asset, but doesn't make them more directly

3⃣Size:

Get too big and you move the market when you buy/sell

This eventually limits your investable universe

Read 15 tweets

Brian Feroldi

@BrianFeroldi

14 Oct

20 Lessons from Seth Klarman's "Margin of Safety" (thread)

1) Get your mindset right before you invest

2) Don’t seek Mr. market’s advice - prices are not always right

3) Stock prices vs business reality — there’s a difference

4) Price vs. value - understand the difference

5) Emotions play havoc on investing

6) Play the long game

7) Study market cycles

8) Understand why big investors underperform — they are not paid for results, but for AUM. A fatter wallet makes investing HARDER. They focus on short-term

9) Avoiding losses is more important than upside

10) Volatility does not equal risk

Read 8 tweets

Brian Feroldi

@BrianFeroldi

14 Oct

History of S&P 500 (thread)

1860: Henry Poor founds Poor's Publishing - focused on railroad industry

1906: Standard Statistics Bureau founded - focused on rating mortgage bonds

1926: Standard Statistics launches 90-stock index

1941: Poor's Publishing & Standard Statistics Merge - form Standard & Poor's

1957: Index expanded to 500 companies. Renamed S&P 500 - first computer-generated stock index

1966: McGraw-Hill acquires S&P

1973: $WFC & $BAC launch Institutional funds that track the S&P 500

1976: Vanguard launches S&P 500 mutual fund for retail investors

1982: Index closes above 100 first time

Read 6 tweets

Brian Feroldi

@BrianFeroldi

8 Oct

@InvestmentTalkk

What investing advice would you give to your younger self?

The wisdom of the crowd:

@InvestmentTalkk - Learn Basic Accounting

@AneliCaroline - There is no free lunch. If a stock or bond is cheap, there is a reason for that.

👇👇👇👇👇👇👇👇

@Triggs1Martin

@Triggs1Martin - Get started now!

@MP_Fitzgerald - Penny stocks are penny stocks for a reason, and it’s usually never a good reason.

@MikeCincoSays - You shouldn't sell a stock just because it doubled or even tripled.

@tylerpolley11 - Invest, don’t trade.

@Ebrahim_AlTheeb

@Ebrahim_AlTheeb - Buy great companies and hold as long as possible!

@therobertleonar - Log out of your brokerage account and don't log back in for a long time.

@CJCarr_17 - Don’t listen to your buddy.

Read 8 tweets

Brian Feroldi

@BrianFeroldi

27 Sep

A brief history of $GOOG

1995: Larry Page & Sergey Brin meet at Stanford
1996: Build search engine called 'Backrub' in dorm room
1997: Change name to Google, misspelling "googol"
1998: Move into Susan Wojcicki's garage
1998: Sun co-founder Andy Bechtolsheim invests $100k

1999: Raise $25 MM from Kleiner Perkins / Sequoia
2000: Launch AdWords
2000: Default search engine for Yahoo!
2001: Hire Eric Schmidt as CEO
2002: Launch Google News
2004: IPO at $85, raise $1.67 BB
2004: $25 billion market cap
2004: Move into Googleplex

2004: Launch Gmail
2005: Launch Google Earth
2005: $100 BB market cap
2005: Launch Google Maps
2006: Acquire YouTube for $1.65 BB
2006: Launch Google Docs
2007: Acquire DoubleClick for $3.1 BB
2007: Launch AdSense for Mobile
2008: Launch Chrome
2009: Launch Waymo

Read 8 tweets

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