"I don’t always have a lot of intonational variation in how I speak – which I’m told makes for great comedy. I’m actually making history tonight as the first person with Asperger’s [syndrome] to host SNL. Or at least the first to admit it.” google.com/amp/s/www.wsj.…
"My very mild Asperger’s has helped me creatively. I sometimes hear a voice and think: “That could be a character I could do.”

"One of my symptoms included my obsession with ghosts and law enforcement." autism.wikia.org/wiki/Dan_Aykro… h/t Big Tony
3/ "In my opinion, my father [Phil Fisher] suffered from what would have been diagnosed as Asperger’s syndrome. Being a classic Asperger’s case, he was unusual. He liked to be alone and think. He was an Asperger’s guy." thinkadvisor.com/2015/06/02/ken…
4/ Chris Rock has been diagnosed with NVLD, which makes it difficult for him to understand nonverbal signals.
"All I understand are the words. This is really great for writing jokes — just not great for one-on-one relationships." google.com/amp/s/www.toda…
5/ Bill Gross suspected he had Asperger’s only after reading Michael Lewis’ “The Big Short.” It’s allowed me to stay at 30,000 feet as opposed to being on the ground. That’s not necessarily good in terms of one-to-one." google.com/amp/s/www.inve…
6/ Peter Thiel: "So many of the successful companies are formed by people who seem to be suffering from a mild form of Asperger’s. What is it about our society where anyone who does not have Asperger’s gets talked out of their heterodox ideas?” bloomberg.com/news/articles/…
7/ As Michael Burry told Lewis, “Only someone who has Asperger’s would read a subprime-mortgage-bond prospectus.”  institutionalinvestor.com/article/b1gq9t…

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More from @trengriffin

10 May
1/ Recap misses the most important moment:

"We have a very unusual group of shareholders who look at Berkshire as a lifetime savings vehicle... one they don’t have to think about [and not] look at it again for 10 or 20 years." WB

Is this above you?

cnbc.com/amp/2021/05/01…
2/ That Buffett and Munger have different objectives, time horizons and circle of competence doesn't mean that Munger's investing process isn't worth understanding if you do have a technology circle of competence. You are not them or one of the shareholders they think most about.
3/ If you have a technology and early stage venture heavy portfolio want to balance that with something other than cash or bonds you may want to create a barbell portfolio with some smallish percentage managed by BRK as if you were 75 years old (even though you are 35 years old).
Read 5 tweets
9 May
1/ The ability of bits (i.e., software) to replace atoms is enabled by chips. An example of this: the system that steers my boat electronically when leaving to returning to the dock via this joystick. The software enables the hardware (bow thruster too) to move the boat sideways.
2/ The chip shortage is so significant manufacturers are stripping out functionality from their products.

"NXP plans to ship at least 20% more auto chips by revenue in the first 1/2 of 2021 even though car production has dropped about 10% since 2019."bloomberg.com/news/articles/…
3/ "Intel CEO Pat Gelsinger predicts the shortage will persist for a “couple of years.” German chipmaker Infineon likewise suspects supply to finally meet demand in 2023.

Meanwhile "Ford expects production to fall by half in the second quarter." google.com/amp/s/fortune.…
Read 5 tweets
8 May
1/ "The really great painters are the ones that change how other people paint, like Picasso. David Swensen changed how everyone who is serious about investing thinks about investing,” says Charles Ellis, who chaired Yale’s endowment between 1997 and 2008.
2/ "Swensen understood the value of optionality intuitively and was also not afraid to play very aggressively when he thought the odds favoured him,” says Robert Wallace, who Swensen hired as an intern."
3/ "I think I learned as much from David during our conversations over the poker table as I did in the formal meetings,” he says. 
For those not at the poker table, Swensen’s 2000 magnum opus, Pioneering Portfolio Management, allowed them to absorb his investment philosophy."
Read 5 tweets
8 May
1/ What are the unit economics of a NASA private astronaut mission?

ARPU = $ ?
CAC = ~$0
Gross Margin = ?

Is this a financially attractive business?

See: papers.ssrn.com/sol3/papers.cf…
2/ What are the likely unit economics for NASA's space tourism competitors?

"Bezos has said Blue Origin will price New Shepard flights similarly to its competitors. Virgin Galactic’s flight is priced at $250,000 per seat." observer.com/2021/04/jeff-b…
3/ "If you get even one person who's hell-bent on gaining market share.... For example, if I were [one space tourism provider] and I decided that I had to have 60% of the market, I think I could take most of the profit out of [the business]." theinvestmentsblog.blogspot.com/2014/09/munger…
Read 6 tweets
7 May
1/ Warren Buffett: "We’ve tried 50 different ways to put money into See’s. If we knew a way to put additional money into See’s and produce returns a quarter of what we’re getting out of the existing business, we would do it in a second." morningstar.com/articles/1939/…
2/ "Munger told Berkshire shareholders that there are a large number of businesses in America that throw off lots of cash, but which cannot be expanded very much. To try and expand would be throwing money down a rat hole, he said."

Janet Lowe's "Damn Right."
3/ "A company’s objective should not be simply to grow; it should be to grow such that it creates value. A company creates value when its investments earn a return higher than the opportunity cost of capital." morganstanley.com/im/publication…
Read 4 tweets
6 May
My Neighbor's Dog: "My family is organizing to stop all art electives in public schools."

Me: "That's insane."

Neighbor's Dog: "We can't have some people knowing about pottery or drawing and not others. Everyone should only take intro to art."

Me: "You have lost your mind."
My Neighbor's Dog: "Art is just like math. Everyone should have the same skill level."

Me: "That's also insane."

Neighbor's Dog: "We can't have some people knowing more about calculus or statistics than others. Everyone should take the same math and art classes."

Me: "...."
"The push to calculus in grade twelve is itself misguided," says the framework. news.google.com/articles/CAIiE…
Read 4 tweets

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