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Trung Phan 🇨🇦

@TrungTPhan

26 Sep

Italy's richest person is Giovanni Ferrero

The origin of his wealth: Nutella, a hazelnut treat his grandfather created due to WWII chocolate shortages.

Since then, the Ferrero family has created a $35B empire by inventing many of our favourite sweets.

Here’s their story🧵

1/ Officially known as the Ferrero Group, the private Italian firm employs 34k+ people and runs 30+ plants globally.

It does $14B of sales a year with Nutella accounting for 1/5 of the total (~$3B).

The confectionary empire includes Kinder, Ferrero Rocer, Tic Tac and Mon Ami.

2/ The OG Nutella was invented in 1806 during the Napoleonic Wars.

The famed French general started a continental blockade against his seafaring foes in UK, leading to a cocoa shortage across Europe.

In response, Italian chefs used ground hazelnut to stretch their chocolate...

Read 24 tweets

Trung Phan 🇨🇦

@TrungTPhan

22 Sep

https://twitter.com/i_zzzzzz/status/1440053089822601216

There are currently 400k+ likes on this Quote RT eviscerating me. It's amazing (and the comments are glorious):

https://twitter.com/i_zzzzzz/status/1440053089822601216

https://twitter.com/Windy_Millz/status/1440078335359418368?s=20

LOLOLOL

https://twitter.com/Windy_Millz/status/1440078335359418368?s=20

https://twitter.com/Hernando_206/status/1440146934598045701?s=20

LETS GO!

https://twitter.com/Hernando_206/status/1440146934598045701?s=20

Read 5 tweets

Trung Phan 🇨🇦

@TrungTPhan

21 Sep

Just started Max Chafkin's new Peter Thiel book ("The Contrarian"). In anticipation of it, also re-read Thiel's 2014 Reddit AMA...tons of interesting answers.

THREAD: Here are 10 of them including on Elon, MBAs, Facebook, Bitcoin and Palantir.

1/ Thiel's first impression of Elon

2/ Thiel's biggest investing mistake was not doubling down on Facebook (he also sold 80% of stake shortly after FB's IPO, at about $20 a share...it's now >$350)

Read 15 tweets

Trung Phan 🇨🇦

@TrungTPhan

19 Sep

Interesting theory: "The Economist magazine cover" as the ultimate sign of consensus, so contrarian investors bet against it.

Old covers include:
◻️ "Brazil's Fall" = bottom of Brazil stocks
◻️ "The Almighty Dollar" = top of USD
◻️ "The end of oil" = bottom(ish) of oil

Obviously, there's cherry-picking here.

For example, this Big Tech cover in January 2018 did *not* call the top of Big Tech (not even close).

Anyways, the cover of The Economist this week was on DeFi. Not saying it's anywhere near the top, pls don't @ me (was just the latest cover and wanted to talk about the theory).

Here's an article explaining "The Economist Cover theory" (2018): seekingalpha.com/article/416061…

Read 4 tweets

Trung Phan 🇨🇦

@TrungTPhan

18 Sep

Found a glorious TikTok account: "Design Secrets", which explains the technical and psychological design rationale behind everyday things.

Here are 14 gems 🧵

1/ MOVIE THEATRE SEATS & CURTAINS are red because it is the first color the human eye loses sight of when lights dim (or in darkness).

With this effect, people focus on the show instead of surroundings.

2/ DRAIN PIPES are U-shaped to create a one-way valve that lets water flow but also traps dangerous gases.

◻️ Water flows down
◻️ The U-shape collects some water, creating a "seal"
◻️ Gases from the plumbing can NOT pass up to the sink because of the "water trap"

Read 18 tweets