The Kowloon walled city in Hong Kong.

• Lawless high rise squatter camp that was demolished in 1994.
• 500 building built into 2.7 hectares
• 50k residents at its peak

On the plus side, rent was <$10 / month.
Some of these photos are insane
With no municipal services, people used the roof as a garbage “dump”
Kowloon was known as “the city of darkness” in Cantonese
To evict the Kowloon Walled City residents, HK paid $350m to ~33k residents.

About $11k each (many were unhappy).

Today, it’s a park— Kowloon Walled City Park

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More from @TrungTPhan

2 Feb
Just read Ark Invest's Big Ideas 2021 report.

A tweet for each idea (big numbers coming) 📈

1/ Deep learning to create $30T of market value by 2037

• Automated code writing
• AI that "understands" language (GPT-3)
• Big Tech spends billions on AI chips, everyone benefits Image
2/ Data centres will be totally transformed

• Intel -- powers 90% of data centres -- has fallen behind
• Next-gen data centres/PCs will run on ARM standard
• GPUs (workhorse for AI) hits run rate of $41B in 2030 ImageImage
3/ Virtual world revenue hits $390B by 2025 (>2x today)

• Video game monetization shifting to in-app purchases
• Games are 3rd places (people spend 90m a day gaming in 2025)
• AR market (Snap, FB, Apple) set to explode
• Cost of VR (visual immersion) plummeting ImageImage
Read 16 tweets
31 Jan
If you seen #silversqueeze trending, it's because r/WallStreetBets is back with "the biggest short squeeze ever".

This time they're targeting silver (via the Silver ETF, $SLV)

Here's the Reddit thesis of how it goes $25 to $1000: ImageImage
As a CFA, this is not investment advice
Read 4 tweets
31 Jan
1/ Marcus Bullock went to prison in the mid-90s at the age of 15.

Today, he's the CEO of Flikshop -- the "Instagram for the Incarcerated", an alternative to the outrageously expensive phone call system.

This is a truly inspirational founder story 👇👇
2/ In 1996, Bullock was living in Maryland. One night, he and a friend carried out an armed carjacking on a man sitting idle in a shopping mall parking lot.

It was the biggest mistake of this life.
3/ Several years prior to hit actions, there was the famed 1989 Central Park "Jogger Case", in which 5 minority youths were (falsely) accused of raping a jogger.

In the aftermath, nearly every state passed new laws that made it easier for courts to try youth as adults.
Read 13 tweets
31 Jan
In the WSJ article about Keith Gill (aka u/DeepF——ingValue), there’s a photo of his sketch pad.

If you zoom in, you see a bunch of tickers —- some have been on a run 👀:

$JMIA
$IDEX
$SPI
$FCEL
$FSLR
$NVDA
$FCEL
$FSLR
Read 5 tweets
30 Jan
The GameStop movie is clearly coming.

Here are the actors we will call upon:

1/ Keith Gill (AKA the hero AKA u/DeepF*ckingValue AKA @TheRoaringKitty) played by Sean Penn
2/ @chamath (AKA SPAC-man AKA I will fund 100 r/WallStreetBets traders AKA I'm YOLO-ing $GME in support of yall) played by Aziz Ansari
3/ Vlad Tenev (AKA Robinhood CEO) played by Joseph Gordon-Levitt
Read 17 tweets
29 Dec 20
Amazon’s white label business

Its ~1% of sales and prob not worth the regulatory scrutiny.

Thread 👇👇

1/ The first white label product was the Amazon Basics battery in 2009. Within a few years, it had ⅓ of online battery sales, outselling Duracell and Energizer.
2/ Today, Amazon has 400+ brands under “Our Brands” (some are private label and some are 3rd party exclusives).

By one estimate, these brands collectively bring in ~$1-2B of 2019 revenue (drop in the bucket for total: $280B)

Here are some:
3/ Of these 400+ brands, the top 4 account for 72% of sales (all with "Amazon" in name):

-- Amazon Basics
-- Amazon Collection
-- Amazon Elements
-- Amazon Essentials
Read 12 tweets

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