1/ Great things happen when you have a community of thousands of self-motivated individuals with a shared goal.

As part of my DD, I always search Twitter and Reddit and find deep dives, anecdotal feedback, and links to resources which speed up my ability to filter ideas greatly.
2/ As with social media in general, used in the wrong way, these tools can be dangerous as we search for data that reinforces our prior viewpoints and block out those who disagree.

I tend not to speak on stocks I'm negative on for this reason, but love to get my ideas critiqued.
3/ While I do use screens and keep an eye on new issues, I've found that some of my best ideas came from my network of investors that I trust and only discovered through social media

After starting with no expectations, I found that what you give always tends to come back to you
4/ If you're willing to approach things with an open mind and a desire to learn, it's a big disadvantage not to be on FinTwit imo.

In the current market more than ever, the speed at which you're able to filter and do proper DD matters and it's only going to get more competitive.

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More from @richard_chu97

22 Feb
1/ Bullish on $ROKU expanding into original programming

We think Roku is now better positioned than all the content providers, including $NFLX, and will only continue to gain leverage as more services embrace AVOD

Original content will drive ARPU growth by further expanding TRC
2/ The problem for content providers is that no single service will be able to “own” streaming content

Despite $NFLX occupying a substantial share and continuing to outspend everyone else on content, people still subscribe to $FUBO, $CURI, $DIS because they offer unique content Image
3/ Roku occupies a dominant position by aggregating all the streaming services which drive user growth, leading to better data, attracting advertisers and hence content, repeat.

Remember 49% of CTV ads are going to Roku devices. HBO + Peacock needed Roku more than they need them Image
Read 7 tweets
21 Feb
1/ "All investing is value investing" - Munger

The essence of investing is in the quality of your fundamental analysis, figuring out what's been priced in, and not overpaying.

Just because a company trades at a high (low) multiple doesn’t mean it’s overvalued (undervalued).
2/ Many low-multiple investors may think of growth investors as momentum investors. My goal is not to buy overvalued companies, that'd be betting on greater fool theory. However, if consensus is that a company is overvalued, that may be an opportunity if I have variant perception
3/ Quantitative value investors tend to not have long-term time horizons, instead opting for multiple expansion

Since starting investing, the idea of seeking dominant companies with growing moats and strong tailwinds that can continue to grow for decades appealed to me much more
Read 5 tweets
9 Feb
1/ The SPAC I’ve been tracking is $SAII, merging with Otonomo.

It’s a marketplace that enables auto manufacturers to monetize their connected car data that it aggregates and standardizes using its data platform. It projects revenue to grow from $3M in 2021 to $574M by 2025.
2/ Platform:

Otonomo is standardizing data using its patent-pending technology from its 16 OEM partners including Ford, GM, and BMW who provide data on 40M connected cars (4.3B data points daily), to make it easily usable by consumers and developers who can access it via API.
3/ Similar to other aggregators like $ROKU or $TTD, one of their biggest advantages is their neutrality. Many mobility services can’t operate well without data from multiple OEMs but individual OEMs lack the incentive to share their data with competitors.
Read 15 tweets
29 Jan
My portfolio as of Jan 29, 2021:

$TDOC – 40.9%
$ROKU – 10.7%
$GDRX – 10.5%
$CRWD – 7.2%
$TTD – 4.2%
$DDOG – 4.1%
$DRIO – 3.6%
$HAAC + $HAACU – 3.6%
$PTON – 2.6%
$LINK – 2.0%
$ZM – 1.9%
$SSPK – 1.7%
$HMI – 1.3%
$NET – 0.7%
$MMED – 0.7%
Cash – 4.3%

Performance: +20.7% YTD
Initiated: $HAAC
Trimmed: $ZM, $CRWD, $DDOG, $ROKU, $HMI

The views I share are purely my own.
1) In my December portfolio update, I said that my 2021 top pick would be the stock I had the highest confidence in returning at least 40% this year.

Despite $TDOC hitting that target in under a month, I’m not trimming a share and still like current prices for the LT.
Read 10 tweets
27 Jan
With all eyes on $GME, seems the market missed the huge $DRIO news this morning

-DRIO acquires Upright, a leading digital musculoskeletal company for $31M
-Raises $70M through an oversubscribed private placement. Investors include Perceptive and Farallon

The acquisition brings combined revenues to $20.3M in 2020. Upright has over 90,000 active users, bringing DRIO’s total membership to over 150,000 users from 65,000 last quarter, is gross-margin accretive with 60% gross margins, and is recommended at over 500 clinics worldwide.
On the call, they also mentioned an expansion of the pipeline from $350M last quarter to $500M. They now have $90M on the balance sheet, plenty for more acquisitions.

Will launch an integrated product on July 1st. Omada is the only other integrated platform that’s doing MSK now
Read 5 tweets
26 Jan
Great article on why the Livongo founders’ SPAC $HAAC will acquire Color, a genetic/COVID testing startup, and merge it with Commure (a platform for healthcare apps) and Tendo, all companies under General Catalyst’s portfolio.

I’m long $HAAC and would support this move.
Color calls themselves a population health and public health infrastructure company with a mission to “make health services accessible to anybody".

I’m not an expert in the genetic testing space but it seems very competitive, have any $NVTA holders done DD into Color?
I think the idea here is that consumers will start their journey with Color, using genetic testing to make them aware of potential risks and then leverage Commure with its "app store" of referral options, both traditional and virtual first (TDOC?) to help empower health consumers
Read 4 tweets

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