1/

24 Best @JeffBezos Quotes (thread)

"Your margin is my opportunity."

More: ⬇️⬇️⬇️⬇️⬇️⬇️
2/

"It's not an experiment

if you know it's going to work."
3/

"The best customer service

is if the customer doesn't need to call you,

doesn't need to talk to you,

it just works."
4/

"Your brand

is what people say about you when you aren't in the room."
5/

"If you only do things where you know the answer in advance,

your company goes away."
6/

"Put the customer first,

invent,

and be patient."
7/

"What's dangerous

is to not evolve."
8/

"Invention requires a long-term willingness to be misunderstood."
9/

"You don't choose your passions,

your passions choose you."
10/

"The common question that gets asked in business is 'why'.

That's a good question,

but an equally good question is 'why not?'"
11/

"Most decisions should probably be made with somewhere around 70% of the information you wish you had.

If you wait for 90%, in more cases, you're probably being slow."
12/

"Life is too short to hang out with people who aren't resourceful."
13/

"People who are right most of the time are people who change their mind often."
14/

"If you can't tolerate critics,

don't do anything new or interesting."
15/

"If we think long-term

we can accomplish things that we wouldn't otherwise accomplish.

Time horizons matter.

They matter a lot."
16/

"Our biggest cost is not power, or servers, or people.

It's lack of utilization.

It dominates all other costs."
17/

"If you don't understand the details of your business,

you are going to fail."
18/

"One of the only ways to get out of a tight box is to invent your way out."
19/

"It is very difficult to get people to focus on the most important things when you're in boom times."
20/

"We are stubborn on vision.

We are flexible on details."
21/

"Cleverness is a gift,

kindness is a choice."
22/

"Obsess about customers,

not competitors."
23/

“If you double the number of experiments you do per year you’re going to double your inventiveness.”
24/

"Anybody who doesn’t change their mind a lot is dramatically underestimating the complexity of the world that we live in."

• • •

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More from @BrianFeroldi

15 Dec
Not all network effects are created equally

Key question:

Does 1 more connection create value for ALL other users,

or just some?

Ex: ⬇️⬇️⬇️⬇️
Ex: $FB

If 1 more user joins $FB,

it creates value for a few hundred other users that want to be friends and connect,

but not for all 2+ billion users

($FB still benefits hugely from network effects)
Ex: $WU

Western Union can send money from anywhere to anywhere,

which sounds great,

until you learn that a few connections REALLY matter,

and many other connections don't

(to say nothing of the fact that it has been disrupted by electronic payments)
Read 4 tweets
15 Dec
1/ Key takeaways from interview with @jaminball

1⃣Invest in SaaS companies with "must-have" products, not "nice to have"

More:
⬇️⬇️⬇️⬇️
2/ Framework for finding great companies

1⃣World-Class Team
2⃣Great Product
3⃣Large Market
4⃣Market Leader
5⃣Good Economics
6⃣Optionality
3/ Recognize the role of luck

Framework is designed to increase your chances of being lucky,

and decrease your chances of being unlucky
Read 6 tweets
13 Dec
1/

25 Top Quotes On Investing, Money, and Life (thread)

"The difference between sounding smart and being smart is 'I don’t know.' "

-- @naval

More: ⬇️⬇️⬇️⬇️
2/

"Conventional metrics don't work on unconventional stocks.

If a technology comes along which changes the entire ballgame,

all those ratios go out the window."

-- @EddyElfenbein
3/

"You want to be in a stock in the second inning of the ballgame,

and out in the seventh.

That could be 30 years."

-- Peter Lynch
Read 25 tweets
11 Dec
Med-tech is a great industry to get to know

Study these stocks to learn more:

$ABMD
$ALGN
$AMWL
$DXCM
$GDRX
$GH
$IRTC
$ISRG
$LGVW / $BFLY
$NARI
$NVCR
$NNOX
$OM
$ONEM
$PGNY
$PODD
$SDGR
$SILK
$SLP
$SMLR
$SWAV
$TDOC
$TNDM
$VEEV
$ZYXI

Podcast deep dives ⬇️⬇️⬇️⬇️⬇️⬇️⬇️
Podcast deep dives

$AMWL

fool.com/investing/2020…
$DXCM $PODD $TNDM

fool.com/investing/2020…
Read 12 tweets
10 Dec
1/ My Mission: To Spread Financial Wellness (thread)

Here’s what "financial wellness" means to me

⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️
2/ Mindset

Humans are programmed to think short-term

Evolutionary, thinking short-term makes sense. It helps with survival.

Financial wellness is all about training yourself to develop a long-term mindset

Not easy -- it takes practice
3/ Mindset

If you join the right tribes, you can’t help but improve

My favs:
@AffordAnything
@ChooseFiFI
FinTwit
@MicroCapClub
@themotleyfoolFool
@visualizevalue

Twitter / Podcasts / Blogs / YouTube -- when used correctly -- are amazing resources

Read 25 tweets
8 Dec
1/ How to create an investment checklist (thread)

Checklists are an amazing, FREE, underutilized investing tool

Here's the step-by-step process for how to create your own

⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️
2/ First, decide what kind of investor you want to be

Are you after:

Compounding machines?
Disruptors?
Dividends?
Founder-led?
Growth at a reasonable price?
High-yield?
Hypergrowth?
Low volatility?
Wide moats?

Know what kind of investments you are after!
3/ Make a list of all of the positive attributes that a "perfect" company would have

Some ideas to get you started:
Read 14 tweets

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