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Mostly Borrowed Ideas

8 Nov, 9 tweets, 3 min read

1/9 Thread: My Ottawa days

When I'll think about Ottawa in the future, I'll probably remember my afternoon walks. Whether it rained, snowed, or the sun smiled, I tried to walk for an hour everyday in the same route. Even after ten months, I didn’t quite get bored.

2/9 I would start from my place, walk for 5 mins to pass the Supreme Court, then watch the grandeur of the National Assembly, and take the side walk of Fairmont Chateau to continue to walk through the bridge and end up strolling by the Rideau canal.

3/9 Ottawa is serene and uneventful. It hardly surprises you.

As I am leaving tonight, I so wanted to hold onto my usual walk that I did two rounds yesterday (afternoon and evening).

4/9 What about the rest 23 hours of my days in Ottawa?

Well, almost all my waking hours were confined to this one bed-room apartment which I almost affectionately started calling my "prison cell".

5/9 With "Mostly Borrowed Ideas" and "MBI Deep Dives", I felt very much plugged in with the rest of the world. Even though I was sitting alone in my apartment in Ottawa, I probably made friends from all over the world.

@LibertyRPF

6/9 I will be forever grateful to @LibertyRPF for his affection, friendship, and wisdom. I will be indebted to many other Bangladeshis for all the ways they tried to help me whenever needed.

7/9 What's next? While that's a simple question, I don't have simple answer now.

Next stop is Dhaka for 3-4 months after which I hope to be in the US. Imagine some asterisks in this statement as I've learnt enough to know anything immigration/visa related are hardly ever certain

8/9 Well, embracing ambiguity and uncertainty unlocked most of the things that I hold dear to my heart today.

Even if I feel a little empty for leaving my "prison cell", I know life always moves on as it should.

9/9 Given 11 hour time difference between Eastern Time Zone and Dhaka time, I may have difficulty to keep up with DMs/emails, and/or with the market real time (not necessarily bad).

But I'm not leaving. At least not yet.

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More from @borrowed_ideas

Mostly Borrowed Ideas

@borrowed_ideas

5 Nov

1/ Thread: $IAC/ $ANGI 3Q'21 Update

Probably not the best idea to post an earnings thread on Friday evening, but for the sake of consistency, let me post anyway.

Here are my notes.

2/ Dotdash

"Dotdash executed phenomenally well growing revenue double digits for 18 straight quarters while expanding margins and generally outpacing the growth of its competitors"

"Dotdash content has a relevant shelf life measured not in days or hours, but months or years."

3/ "of Dotdash’s top 25 advertisers in 2019, all
have spent in 2020 nearly all have spent in 2021 and their spend has grown 29%."

Not much of an impact of IDFA.

"Those advertisements perform cookie or not"

Read 15 tweets

Mostly Borrowed Ideas

@borrowed_ideas

5 Nov

1/ Thread: $SQ 3Q'21 Earnings Update

Cash App and seller ecosystem continue to grow at an impressive rate. My notes from this call.

2/ "mid-market sellers experienced strong growth in the third quarter of 2021, growing gross profit nearly twice as fast as the overall Seller business on a two-year CAGR basis. Mid market Seller GPV represented 37% of total Seller GPV, compared to 28% two years ago."

3/ "with more than three out of four Square Invoices getting paid within a day vs. the industry average of 25 days for small businesses."

A new software/subscription offering: SQ Invoices Plus.

New international market: France, second largest card markets in Europe

Read 12 tweets

Mostly Borrowed Ideas

@borrowed_ideas

4 Nov

1/7 Thread: $TRUP 3Q'21 Update

Even though I am not a pet owner, last month's deep dive on Trupanion introduced me to the fascinating business of pet insurance. My notes from today's earnings call.

2/7 Total revenue +40% YoY
Subscription business +28%; other business +78%

Total enrolled pet +22% YoY; avg monthly retention 98.72% or 78 months (vs 76 months last yr); ARPU +4.5%

Adj operating margin 14.6%, very close to long-term target of 15%

3/7 "In Trutopia, members adding pets or referring friends offsets pets churning off. In the quarter, we narrowed the gap to Trutopia to a mere 0.28%."

Read 7 tweets

Mostly Borrowed Ideas

@borrowed_ideas

31 Oct

1/8 I bought Oculus Quest 2 and wanted to share my first impression as user. Since I don't play much video games, this is going to be mostly non-gaming experience of Quest.

2/8 The first glimpse of my "home" at Oculus felt incredible. That "Oculus home" appears much more luxurious than my actual home.

Then I watched this. I'm the kind of guy who avoids roller coaster in theme parks at any cost. I felt sick watching this.

3/8 Before throwing my Quest 2 away, I decided to try more videos. I watched YouTube (non-VR) for a while. It felt nothing unspectacular. I mean it's large screen and all, so much better than watching on laptop/TV. But nothing too amazing!

Read 8 tweets

Mostly Borrowed Ideas

@borrowed_ideas

30 Oct

@LibertyRPF

1/ @LibertyRPF is one of those people who makes fintwit such a worthwhile experience. I've learnt invaluable life lessons from him which I frankly doubt I could get elsewhere.

I’m glad through @InfiniteL88ps podcast others could have a glimpse of his wisdom. My notes.

2/ “people work and they trade their time for money, but it works both ways, so if you have enough money, you can buy back your own time.”

3/ "humans are very bad at predicting what's going to make them happy. As you often talk about, we're super nomadic, so we just look around, look at what everybody else is doing and go, Well, that must be the way," so we copy each other and we chase what everybody else is chasing

Read 19 tweets

Mostly Borrowed Ideas

@borrowed_ideas

29 Oct

1/ Thread: $AMZN 3Q'21 Earnings Update

This call was the poster child of all the current macro hot topics (supply chain, labor constraints, inflation etc.). AMZN, ex AWS posted loss after quite some time.

My notes from the call.

2/ First, here’s the breakdown of revenue by segment (both product and geography)

3/ While AMZN bears raise their eyebrows with "slowing" growth, 2-yr and 3-yr CAGR depicts better underlying health because of the unusual last year.

I don't quite see much of a slowdown on 2-yr basis. AWS growth remains "size unconstrained" and ads continue to marvel.

Read 14 tweets

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