1/ Book recommendations (thread)

Start Here:

Choose FI
Richest Man in Babylon
Millionaire Next Door
Rich Dad, Poor Dad
The Wealthy Barber

⬇️⬇️⬇️⬇️⬇️
2/ Business Books

Good to Great
Business Adventures
Built to Last
Competition Demystified
Blue Ocean Strategy
The Innovators Dilemma
How to Build a Company that Warren Buffett Would Buy
The Outsiders
3/ Biographies

Buffett
Made in America
Hard Drive
Snowball
Elon Musk
Steve Jobs
The Everything Store
4/ Personal Growth

The Power of Habit
Atomic Habits
7 Habits of Highly Effective People
Who Moved My Cheese?
Think And Grow Rich
The Checklist Manifesto
5/ Personal Finance

Your Money Or Your Life
The Millionaire Mind
Stop Acting Rich
Become a 401K Millionaire
The One Page Financial Question
My Total Money Makeover
The Automatic Millionaire
The Simple Path to Wealth
I Will Teach You To Be Rich
6/ Beginning Investing

Motley Fool Investing Guide
Little Book That Builds Wealth
Little Book that Beats The Market
One Up on Wall Street
Common Stocks & Uncommon Profits
Beat The Street
Investing Checklist
Joys of Compounding
Million Dollar Portfolio

All Jack Bogle Books
7/ Advanced Investing

Value Investing
Rule Breakers, Rule Makers
You Can Be A Stock Market Genius
The Intelligent Investor
Magic Formula Investing
Education of a Speculator
Margin of Safety
A Zebra of Lion Country
Bull
100 Baggers
Killing Sacred Cows
Stocks For The Long Run
8/ Financial Statement

Warren Buffett & Interpretation of Financial Statements
How to Read a Financial Report
Financial Shenanigans
Financial Statements: A Step-by-Step Guide
Quality of Earnings
9/ Money & Psychology

Your Money and Your Brain
The Psychology Of Money
What I learned Losing $1 Million
The Behaviour Gap
Thinking Fast and Slow
Don't Fall For it
Big Mistakes
10/ Beyond Money

Beyond Wealth
A Wealth of Common Sense
The Gone Fishing Portfolio
11/ Kids & Money

How to Turn $1,000 into $1 million
Better than a Lemonade Stand
Penny Invests
What did I miss?
Duh! Forgot Annie Duke's Books!

Thinking In Bets
How To Decide

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More from @BrianFeroldi

17 Nov
1/ Homeowners can get guaranteed high returns through energy savings projects (thread)

I've done many of them myself and now have ridiculously low energy bills, which PERMANENTLY lowers a fixed-cost

Here are 15 ideas

⬇️⬇️⬇️⬇️⬇️⬇️
2/ Install LED lightbulbs everywhere

A few hundred dollars cover the whole house

Easy and ROI well over 100%
3/ Programmable thermostat

ROI 25% to 100%+ depending on how advanced you go
Read 18 tweets
11 Nov
1/ How to find insider ownership (thread)

Go to the SEC EDGAR database sec.gov/edgar/searched…

Enter the stock symbol in "fast search"

Let's use Mark Zuckerberg from $FB as an example

Click "Insider transactions for this issuer" (see image)
2/ Click on the insider's name

In this case, Zuckerberg Mark

You can also search for "CEO" if you don't know their name
3/ Click on the most recent Form 4 for the insider
Read 13 tweets
10 Nov
1/ When to sell (thread)

Selling is harder than buying

I rarely sell, but that doesn't mean I don't ever

Here are the 11 reasons I will sell

👇👇👇👇👇👇👇👇👇👇
2/ Thesis Busted

If I was wrong about the company, I will sell

In the past, I've been wrong about:
+Brand deteriorates $UA
+Moat $GRUB
+Outside forces $KMI

Other reasons:
+Company being disrupted
+Management can't execute
+Legal rulings

I was wrong = sell
3/ Account Irregulatires

If I can't trust the numbers, how can I make ANY decisions?

There's NOTHING that $LK can do to convince me to buy now. That company is dead to me forever.
Read 13 tweets
7 Nov
1/ YouTube is an AMAZING resource when used properly (Thread)

Here are my favorite YouTube channels:

Top 5:

Mark Rober - @MarkRober
Real Engineering
Smarter Every Day - @smartereveryday
Stuff Made Here - @stuffmadehere
Wintegartan - @wintergatan

More 👇👇👇👇👇
2/ Building:

Adam Savage's Tested
April Wilkerson
I Like To Make Stuff
Laura Kampf
Make Something
Matt Risinger
Modern Home Project
Primitive Technology
This Old House
What's Inside
Wintegartan
3/ Chess:

Agadmator's Chess Channel
Chess with Suren
Ginger GM
GJ Chess
GMBenjamin Feingold
GMHikaru
Read 12 tweets
6 Nov
1/ What is the 'Dow Jones Industrial Average'? (Thread)

In 1896, Charles Dow was an editor at The Wall Street Journal

There wasn’t an easy way for Dow to recap the market’s daily moves. Some stocks were up, others were down

He asked his business associate Edward Jones for help
2/ Edward Jones was a statistician. He helped Dow invent a solution.

Dow and Jones added up the share price of the 12 most popular companies, many of which were industrial stocks.

The total was then divided by 12 -- or averaged

The 'Dow Jones Industrial Average' was born
3/ On May 26, 1896, the average price of the original 12 Dow Jones Industrial Average stocks was $40.94.

Using price as a measuring stick made calculating the average easy (no computers at the time)

This is why the Dow is called a 'price-weighted index'
Read 9 tweets
5 Nov
1/ Part 2 - Is this company high quality?

Take score from part 1:

Then we subtract scores for big risks in the 'gauntlet'

Max gauntlet score -54

Here's the step-by-step process

👇👇👇👇👇👇👇👇👇👇
2/ Gauntlet

Accounting Irregularities

-10

(maybe it should be -50)
3/ Gauntlet

Customer concentration

(pull up annual report and search "concentration")

-5: >20% of revenue from 1/few customers

-3: >10% of revenue from 1/few customers

0: No customers >10% of revenue
Read 17 tweets

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