10 investing quotes I wish I read sooner:
"I try to find excellence, buy excellence, and add to excellence over time.

I sell mediocrity. That's how I invest."

-- @DavidGFool
"Checking your stocks daily is like putting up a webcam in the forest to see if the trees are growing."

-- @privatportfolj
"Everyone has the brainpower to make money in stocks.

Not everyone has the stomach."

-- Peter Lynch
"Anybody who doesn’t change their mind a lot is dramatically underestimating the complexity of the world that we live in."

-- @JeffBezos
"The true investor welcomes volatility."

-- @WarrenBuffett
"We cannot direct the wind, but we can adjust the sails."

-- @DollyParton
"only investors who can act with equanimity are fit to be shareholders.

If not, they deserve the mediocre results they’ll get."

-- Charlie Munger
"Time is your friend; impulse is your enemy."

-- Jack Bogle
“Bull markets are born on pessimism, grow on skepticism, mature on optimism, and die of euphoria.”

-- Sir John Templeton
"Compounding is hard because a bad month can feel longer than a good decade."

-- @morganhousel

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More from @BrianFeroldi

17 Nov
I asked, “What are the best resources for understanding Web 3.0?”

I received 73 AMAZING answers.

These 10 FREE resources will get you up to speed fast:
First, a quick overview:

Web 1: Read-only
Companies Create & Companies Profit

Web 2: Read/Write
People Create & Companies Profit

Web 3: Read/Write
People Create & People Profit
1: Article:

What is Web 3?

moralis.io/the-ultimate-g…
Read 15 tweets
11 Nov
Accounting is the language of business.

If you buy stocks, you MUST learn how to read a Cash Flow Statement.

Here’s everything you need to know:
The cash flow statement shows how cash moves in and out of a company over a period of time.

The most common time periods are:
▪️1 Quarter
▪️1 Year
▪️Year-to-date (usually 6 or 9 months)

The time period is at the top. Here's $NFLX recent cash flow statement time period.
Some companies show the cash flow statement in their earnings press release, but many don’t.

You can find the cash flow statement by looking at:
▪️10-Q (Quarterly Report)
▪️10-K (Annual Report)
▪️Fnancial aggregators such as @theTIKR,
@CMLviz, @themotleyfool, @YahooFinance
Read 19 tweets
21 Oct
The medical device industry is an INCREDIBLY fertile hunting ground for growth stock investors.

Here are 10 innovative medical device makers that still have HUGE growth potential:
1) Dermtech - $DMTK

What: Non-invasive skin cancer diagnosis

Stage: Commercial

Business Risk: High

Profitable? No, years away
2) Inspire Medical - $INSP

What: Implantable device that treats severe sleep apnea

Stage: Commercial

Business Risk: Med-High

Profitable? No, years away
Read 15 tweets
15 Oct
Getting an MBA didn’t make me a better investor

Learning from other investors DID

Here are 6 Twitter threads that will teach you more about investing than a college degree:
Read 9 tweets
10 Oct
Everyone knows Apple, Amazon, Microsoft...

But how do you find the next $AFRM, $PLTR, or $USPT early?

Here are 9 GREAT resources for finding stock ideas (8 of them are FREE):
1: ETFs

Look through the holdings of high-growth ETFs

Google the ETF symbol and “holdings”

These are worth cracking open:
▪️ $ARKF / $ARKG / $ARKK / $ARKW
▪️ $FFTY
▪️ $HACK
▪️ $IZRL
▪️ $TMFC
2: Fund Managers

Type a fund you respect into @Whalewisdom

You can see all their holding and get emails of any changes

These funds are worth tracking:
▪️AKre Capital
▪️AKO Capital
▪️Dorsey Asset
▪️Fundsmith
▪️Polen Capital

More funds:
Read 14 tweets
30 Sep
Accounting is the language of business.

If you buy stocks, you MUST learn how to read a balance sheet.

Here’s everything you need to know:
The balance sheet is one of the 3 major financial statements.

It shows company’s:

▪️Assets: What it owns
▪️Liabilities: What it owes
▪️Shareholders Equity: It's net worth attributable to its owners

At a fixed point in time
That “at a point in time” part is key!

A balance sheet is a SNAPSHOT of a company’s net worth.

It is usually measured at the end of a quarter/year.

That’s different from an income statement or cash flow statement, both of which are measured over periods of time
Read 20 tweets

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