1/

19 Funny Stock Market quotes, thoughts, and images (thread)

"Wall Street is the only place that people ride to in a Rolls Royce to get advice from those who take the subway."

-- Warren Buffett
2/

"Every day, self-proclaimed stock market 'experts' tell us why the market just went up or down, as if they really knew.

So where were they yesterday?"

-- Anonymous
3/

"If stock market experts were so expert,

they would be buying stocks,

not selling advice."

-- Norman R. Augustine
4/

"October: This is one of the peculiarly dangerous months to speculate in stocks.

The others are July, January, September, April, November, May, March, June, December, August, and February."

-- Mark Twain
5/

"The market may be bad, but I slept like a baby last night.

I woke up every hour and cried."

-- Unknown
6/

A long-term investment is a short-term investment that failed.
7/

The market is weird.

Every time one guy sells, another one buys,

and they both think they're smart.
8/

Bull Market: A random market movement causing an investor to mistake himself for a financial genius.

Bear Market: An 18 month period when the kids get no allowance.
9/

There are 3 different types of investors.

1⃣Those who don't know anything

2⃣Those who know a little

3⃣Those who don't realize they don't know anything
10/

The perfect strategy works every time until you start using it
11/

Economists have predicted 14 of the last 3 recessions.
12/
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More from @BrianFeroldi

24 Nov
Mega-winners are often the 'top dogs' in their industry

Finding them early is HARD

Here are7⃣signs you may have found one

⬇️⬇️⬇️⬇️⬇️⬇️
1⃣Hard to categorize

$TSLA wasn't a traditional auto. No dealers. DTC sales. All electric. Didn't fit the mold

$NFLX was DVD-by-mail. No retail stores. Weird!

Some follow Blue Ocean Strategy - Create NEW markets

Ex:
$BL real-time accounting
$NVCR electric fields treat cancer
2⃣Product/service is a HUGE improvement over what exists today

$ISRG -> Robotic surgery - increases precision, less scaring

$ALGN -> Clear braces - removable, can't see them

$PODD -> Tubeless insulin pumps - no wires!

$DXCM -> Continous glucose readings

$NNOX ?
Read 9 tweets
22 Nov
1/ If I woke up broke (thread)

Interesting thought experiment -- what would you do if you woke up with $0 net worth (or negative)?

Here's what I would do

⬇️⬇️⬇️⬇️
2/ I'd start by slashing all of my costs TO THE BONE

Restaurants - gone
Subscriptions - gone
Vacations - gone

ALL costs -- fixed and variable -- would be reduced as much as possible

All food would be made at home

All fun would come from free sources only (dark green)
3/ I'd focus INTENSELY on boosting my income

All waking hours would be used towards increasing income, especially overtime/bonuses

Free time would be spent on side hustles

Great list by @BudgetsAreSexy:

budgetsaresexy.com/ways-to-make-m…

Taking care of animals sounds good to me!
Read 9 tweets
20 Nov
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
Read 13 tweets
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

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