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Trung Phan 🇨🇦 Profile picture
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9 Jun, 4 tweets, 2 min read
Pretty Wild. GameStop's CEO, CFO and CSO are all now former Amazon execs.

$GME IS A TECH COMPANY!
Interesting side note:

The original letter that Michael Burry wrote to GameStop's board in July 2019 criticized the company for letting Amazon acquire Twitch.

For Burry, that signalled an inability to properly allocate capital and that GME should do share buybacks instead.
Sorry: Elliott Wilkes is the CGO, Chief Growth Officer (not Strategy)
**BREAKING NEWS** GameStop releases its new corporate principles under incoming CEO and CFO (both former Amazon execs):

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More from @TrungTPhan

Trung Phan 🇨🇦 Profile picture
10 Jun
1/ Steve Jobs famously said innovation is "saying no to 1000 things" before you say yes.

For more than a decade, Apple has used Pablo Picasso's Bull to drive home the lesson.

Here's a breakdown 🧵 Image
2/ In Dec. 1945, Picasso created "The Bull", a series of 11 lithographs (stone prints).

With each successive print, a bull is simplified and abstracted. Picasso's goal was to find "spirit of the beast".

At Apple, employees are taught this philosophy. Image
3/ Below is the 1st, 4th and last stone print.

Picasso's bull progresses from:
◻️ a realistic drawing
◻️ to a deconstructed image with his famous "abstract" style
◻️ to a series of lines outlining the bull's shape Image
Read 15 tweets
Trung Phan 🇨🇦 Profile picture
8 Jun
The Wall Street Bets due diligence on Wendy’s is gold.

The catalysts are:
◻️ The release of a new summer salad
◻️ The @Wendys Twitter account, which has mastered “meta pragmatic roasting” (which is effective with younger people)
◻️ The fact it literally sells chicken tendies
OP: reddit.com/r/wallstreetbe…
Here’s a more fundamentals-driven analysis of Wendy’s

reddit.com/r/wallstreetbe…
Read 5 tweets
Trung Phan 🇨🇦 Profile picture
7 Jun
If you need to know how savvy Mayweather is as a business person, watch this.

He literally knocks Paul out but holds him up to extend the fight and increase the odds of a rematch PPV payday LOL
I’ll tell you where the real genius is. We have no idea if this *actually* was a knockout.

And we’re all talking about it.

They both about to get more bags.
follow @TrungTPhan for other amateurish video deep dives
Read 6 tweets
Trung Phan 🇨🇦 Profile picture
6 Jun
0/ A Redditor digs into the career of AMC's CEO Adam Aron @CEOAdam, who has an impressive track record of turning companies around (it's also a hysterically-written business bio).

Here's the story 🧵
1/ Quick summary of 66-year old Aron's career:
◻️ Harvard BA / MBA
◻️ Marketing @ Hyatt and United Airlines
◻️ CEO, Norwegian Cruises
◻️ CEO, Vail Resorts
◻️ CEO and part-owner, Philadelphia 76ers
◻️ CEO, Starwood Hotels
◻️ CEO, AMC
2/ Early years as an exceptional student (many references to 'silverback apes'...funniest parts are *bolded*)
Read 14 tweets
Trung Phan 🇨🇦 Profile picture
30 May
1/ Amazon's $8B+ deal for MGM strengthens Prime, its subscription bundle with 200m+ users and revenue of $20B+.

Prime is now a staple in our lives but was a total Hail Mary when it launched in Feb 2005. Incredibly, Bezos & Co. created it in a 6-week sprint.

Here's the story 🧵
2/ In the mid-2000s, Amazon was far from the behemoth we know today.

Check these market caps on September 30th, 2004:

◻️ Amazon = $17B
◻️ Best Buy = $18B
◻️ eBay = $61B
◻️Walmart = $226B
3/ The catalyst for Prime was annoyance with Amazon's existing free-shipping offer ("Super Saver Shipping").

It was too complicated:

◻️ You had to hit a min. order of $25 (which created a complicated recommendation system)
◻️ Then wait 8-10 days for the items (customers pissed)
Read 20 tweets
Trung Phan 🇨🇦 Profile picture
27 May
I interviewed trading legend Stanley Druckenmiller, who famously made $1B shorting the British pound ("trade of the century").

Today worth $5B, his track record includes a 30-year stretch returning 30%+ per year (and not a single down year).

Here are 10 investing lessons 🧵
1/ Make concentrated bets in high conviction plays Image
2/ Concentrated bets actually reduce risk Image
Read 17 tweets

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