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Dave Lee

@heydave7

23 Dec

@elonmusk

I propose @elonmusk to form a holding company called X.

X's mission is to ensure human survival and progress.

X becomes parent company of Tesla, SpaceX, Neuralink and Boring Company.

Elon, what do you think? 🙏

Each company under the holding company will have it's own specific vision but one that supports bigger vision of ensuring human survival and progress.

Tesla - accelerate world's transition to sustainable energy

SpaceX - make space-faring civilization

Boring Co - end traffic

Neuralink - protect humanity from general AI

Starting a biotech company might make sense under the holding company as well.

Education too.

Read 8 tweets

Dave Lee

@heydave7

21 Dec

We've all got the same number of hours in a day.

This can be a tremendous advantage for the individual investor who knows how and spends the time to dive deeply into a company.

If you know how to dive deeply into companies + you have the time/motivation to do so + you are super picky with your investments = you've got a true edge in investing.

In investing there's a certain level of competition with other investors because of the scarcity of truly great investments.

The dual (preservation + growth) focus adopted by mainstream investing diverts attention to a large basket of various companies.

Read 5 tweets

Dave Lee

@heydave7

7 Dec

My first TSLA stock purchase made in August 2012 is now 100x ($5.94/share to $599.04).

Here's a thread.

At $637/share all my TSLA stock purchases in 2012-2013 will be 100x.

I'm more in humble awe & wonder than I am excited or exuberant. I was never taught the power of a 100x investment, but to have discovered it... it makes me question even more traditional and conventional thinking.

Read 28 tweets

Dave Lee

@heydave7

27 Nov

@paulg

Interesting essay by @paulg about how to be an independent-minded person vs a conventional-thinking person.

He shares some interesting angles but I think he’s missing some key pieces. Here’s a thread of some initial thoughts.

First, independent-minded people have unique values that value/treasure independent thinking and independence over following the crowd. Sometimes those values might be innate and sometimes they might be learned. Or a combo.

One example of the value being learned is when young a person might see gross abuse of conventional thinking or behavior, and concludes they want to avoid that outcome.

In other words, a value for independent-minded needs to be formed somehow.

Read 11 tweets

Dave Lee

@heydave7

27 Nov

Some people think Stripe will go public via spac, but I think chances close to zero. Just think about what a spac is for and think about the size of Stripe. This is likely a $100B company. No incentive at all for spac. This company goes public on their own when they want.

The other thing about Stripe is the founders are some of the most long-term founders around. They are obsessively long-term thinkers. This, they are not anxious to go public and put their company under pressure of quarterly performance expectations.

When they go public, they will do so on their own terms. They do not need a spac. Stripe is like the last company that would go public via a spac. Just my opinion and two cents.

Read 8 tweets

Dave Lee

@heydave7

14 Nov

First 50 or so invites sent for my beta research team who's first project is to research Starlink more fully. Thanks to all those who reached out.

Here's a thread on what I'm expecting and hoping for...

True/accurate in-depth research is rare, especially in a world where it seems like most are chasing quick gains from the many people pushing stock names.

So much noise and not much signal because people aren't looking deep enough.

So the idea is how can I supercharge in-depth research of companies with decade-winning potential?

I'm limited myself in terms of time, so I've thought of various options. Like even hiring a full-time researcher or two.

Read 8 tweets

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