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Trung Phan 🇨🇦 Profile picture
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23 Apr, 5 tweets, 2 min read
tax accountants finding new loopholes when the 39.6% capital gains tax hits
OR: Billionaires on their yachts living in non-national waters so they can never be taxed
For more tax advice (but NOT investment advice), check this out this non-podcast open.spotify.com/show/0Pogh5lcy…
Tax accountants are like "life" in Jurassic Park: they always find a way
PS. Here are 16 investors which would have been REALLY unhappy with a 39.6% cap gains tax

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More from @TrungTPhan

Trung Phan 🇨🇦 Profile picture
21 Apr
1/ Since the end of 2018, Apple's market cap has increased by $1.5 trillion.

While often mocked under the leadership of Tim Cook, Apple's product strategy over the past few years has delivered outrageous results.

Here's a breakdown 🧵
2/ First, let's ignore the memes and acknowledge Apple for the cash printing machine it is.

In the past 3yrs, Apple's *free cash flow* totalled $191B.

Apple has the world's most profitable:
• smartphone
• tablet
• laptop
• desktop
• smartwatch
• wireless headphones
3/ Apple analyst @neilcybart says *no one* has a more well thought out product line than $AAPL:

"Computers small and light enough to be worn on the body are sold next to comps so large that built-in handles are required. All products are designed to work seamlessly together."
Read 22 tweets
Trung Phan 🇨🇦 Profile picture
20 Apr
The CFA just pinged me for not paying dues.

So, instead of paying this year, I'm removing the designation from Linkedin and investing the $275 fee into Dogecoin.

Will make way more money from this than the designation.
Before After
The CFA Institute is f**king relentless.

No wonder they make $300M+ a year.

F it. Gonna create a new finance designation based around memes and movie quotes.
Read 5 tweets
Trung Phan 🇨🇦 Profile picture
18 Apr
Found a great Reddit thread putting historical dates into perspective.

Some gems 🧵

1/ "The moon landing was only 66yrs after the first manned aircraft flight (1903-1969). Within a lifetime, humans went from not having flight technology to travelling 239,000 miles from Earth."
2/ In fact, Orville Wright and Neil Armstrong overlapped, with Wright passing away when Armstrong was 17 years old.

On his 1969 mission to the moon, Armstrong brought fabric and propeller pieces from the Wright Brother's 1903 Kitty Hawk flight.
3/ On a related note...Cleopatra (b. 69 BC) lived closer in time to the moon landing (1969) than the construction of the pyramids (~2600 BC)
Read 16 tweets
Trung Phan 🇨🇦 Profile picture
15 Apr
Jeff Bezos’ laugh def changed as he got richer:

🔗
On a related note, here’s the story of how Amazon Prime was founded (when Bezos’s laugh wasn’t very menacing):
when Elon found out that Bezos’ laugh got more ominous as Bezos got richer
Read 4 tweets
Trung Phan 🇨🇦 Profile picture
13 Apr
Just bought an F ton of $CONE and $COLM knowing that people will mistake them for $COIN (Coinbase) tomorrow.
In addition to my pre-listing Coinbase stake, gonna be a huge day:
Just got a Columbia jacket to deflect the comical amount of money that is about to rain down on my portfolio
Read 5 tweets
Trung Phan 🇨🇦 Profile picture
11 Apr
Went down a rabbit hole looking for cross-industry innovations (AKA one industry borrowing from another).

Found some good ones 🧵

1/ James Dyson created the Dyson vacuum design after seeing how sawmills use cyclone force to eject sawdust.
2/ The OG example: Henry Ford's car assembly line borrowed innovations from 3 industries:

• Watch (interchangeable parts)
• Canning (continuous flow manufacturing)
• Meatpacking (Ford reversed the "disassembly" part of the meatpacking process - AKA chopping up cows)
3/ BMW created its iDrive system -- a way to safely manage your control panel (e.g., keep your eyes on the road while driving) -- by borrowing from video game controllers.
Read 18 tweets

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