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Trung Phan 🇨🇦

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2 May, 5 tweets, 3 min read

How does Apple do M&A deals?

Previously wrote on why Apple didn't buy Tesla

Here's a fascinating breakdown on Apple's M&A strategy from 2000-2016.

All of its deals were hyper-focused on powering the platforms: from MacOS to iOS

@neilcybart

Links (2 great pieces from @neilcybart)

Great CNBC article on Apple M&A: cnbc.com/2021/05/01/how…

Wiki page on Apple M&A: en.wikipedia.org/wiki/List_of_m…

Neil Cybart on Apple's M&A philosophy:
aboveavalon.com/notes/2016/5/3…

Neil Cybart on why Apple didn't buy Tesla
aboveavalon.com/notes/2018/9/6…

@TrungTPhan

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https://twitter.com/TrungTPhan/status/1380535064891584512

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More from @TrungTPhan

Trung Phan 🇨🇦

@TrungTPhan

4 May

1/ A Redditor who runs in high net worth circles writes on the "gradations of rich".

He explains in minute detail the difference between being worth $10m+ and $1B+.

It' a doozy 🧵

2/ As background: the Redditor says while he's not super rich himself, he counts 8 billionaires as close friends.

He says there are 4 major breaking points of "rich:

◽ $10m-$30m
◽ $30m-$100m
◽ $100m-$1B
◽ $1B+

3/ At $10m to $30m

◽Needs met
◽Fly 1st class
◽Very nice house
◽Live 4/5 star life anywhere
◽ You can surive a financial disaster
◽At lower end, you still have to be "prudent"
◽Business stress remains (never goes away)
◽Banks don't classify you as ultra high net worth

Read 8 tweets

Trung Phan 🇨🇦

@TrungTPhan

2 May

A meta-threads of my top threads (that will make you smarter) sprinkled in with memes (that will make you dumber)🧵

https://twitter.com/TrungTPhan/status/1381277018373771269?s=20

1/ The best cross-industry innovations

https://twitter.com/TrungTPhan/status/1381277018373771269?s=20

https://twitter.com/TrungTPhan/status/1366405443136856068?s=20

2/ The time Bezos and Musk had dinner to talk space

https://twitter.com/TrungTPhan/status/1366405443136856068?s=20

Read 33 tweets

Trung Phan 🇨🇦

@TrungTPhan

1 May

In 1958, Warren Buffett spent $31,500 to buy a modest home (where he still lives).

If he slept in the street and put all that money into Berkshire Hathaway — when he fully took it over in 1964 — it would now be worth $882,000,000.

Lesson: Don’t buy real estate.

Could someone good at math tell me what a 2,810,526% gain on $31,500 actually is?

@TrungTPhan

Follow @TrungTPhan for other big brain insights

https://twitter.com/trungtphan/status/1379210030877044737

Read 4 tweets

Trung Phan 🇨🇦

@TrungTPhan

1 May

One of the most interesting leaked Sony emails from 2014: Snap CEO Evan Spiegel and Sony CEO Michael Lyndon.

Spiegel was only 23yo, writing crazy insightful notes on markets and valuation: