1/ 🌟 Leaping emergent effects are fascinating phenomena that occur when the collective behavior of a system is fundamentally different from the behavior of its individual components

Let's dive into 10 amazing examples of such effects in our world today! πŸ§΅πŸ‘‡
2/ 🦒 Flocking behavior in birds: Witness the mesmerizing patterns created by birds in flight!

Each bird follows simple rules, like maintaining distance & avoiding collisions, yet the complex flocking patterns that emerge are nothing short of breathtaking #NatureIsAmazing
3/ πŸš— Traffic jams: Ever been stuck in a traffic jam without any visible cause?

This emergent effect arises from the complex interactions among individual drivers, who follow basic rules like maintaining distance & adjusting speed #TrafficMysteries
4/ πŸ’‘ Consciousness: Our brains consist of billions of neurons, each with simple behavior

But their intricate interactions give rise to the astonishing phenomenon of consciousness - self-awareness, perception & cognition #MindBlown
5/ 🐜 Ant colonies: While individual ants may have limited intelligence, their colonies exhibit remarkable collective intelligence

The colony can solve complex problems like finding food, building nests, and defending territory #TeamworkMakesTheDreamWork
6/ 🌐 Internet: The internet is a vast, interconnected network of computers, servers, and devices

Individual components follow simple rules for data transmission, but the resulting emergent behavior is the global, dynamic, and versatile web we know today #ThePowerOfConnectivity
7/ 🌳 Forest ecosystems: Each organism in a forest plays a specific role, but the overall health, stability, and resilience of the ecosystem emerge from their complex interactions

A beautiful example of the whole being greater than the sum of its parts #NatureInHarmony
8/ 🎨 Language: Words and sentences have specific meanings, but when combined in various ways, they give rise to complex ideas, emotions, and narratives

Language allows us to communicate and express ourselves in an incredibly rich and diverse manner #TheMagicOfWords
9/ πŸ“Š Stock markets: Driven by individual buy and sell decisions, markets display emergent behavior in the form of fluctuations, trends, and crashes

These phenomena often cannot be predicted by analyzing individual decisions alone #MarketMysteries
10/ πŸ”₯ Bronze, a game-changing alloy of copper & tin, revolutionized human history with its surprising strength & durability

This emergent effect, beyond the properties of individual metals, transformed tools, weapons, and art, and marked the beginning of the Bronze Age!
11/ πŸŒͺ️ Tornadoes, awe-inspiring yet destructive, form through complex interactions between warm, moist air & cooler, drier air

This emergent effect creates powerful, swirling winds, altering landscapes & reminding us of the incredible force of nature #TornadoTales

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More from @bkaellner

Mar 17
"The 3 best operating companies I'm aware of are Costco, Kiewit and Glenair

There is nothing remarkable about the product or field for any of these three

But there is something remarkable about the cultures of all three"

-Charlie Munger
1/🧡 Costco's corporate culture stands out among large retailers, and its success is built on some key ingredients

Let's dive into the aspects that make Costco's culture remarkable πŸ‘‡
2/πŸ’° Employee Compensation & Benefits: Costco offers higher wages and better benefits compared to many other retailers

Health insurance, retirement plans, and paid time off lead to higher job satisfaction, lower employee turnover, and better performance #CostcoCulture
Read 10 tweets
Mar 17
1/ 🧡 Discover the Hidden Gems of ChatGPT-4 πŸ’Ž: A thread on lesser-known but valuable tasks that ChatGPT-4 can perform

Unleash the full potential of this powerful AI! #ChatGPT4 #AI
2/ πŸ’‘ Brainstorming Partner: Struggling with creative ideas?

ChatGPT-4 can generate unique concepts for business names, marketing campaigns, product features, or story plots

Turn to this AI for inspiration! #Brainstorming #Creativity
3/ πŸ“š Summarizing Complexity: Need to grasp key points from lengthy documents quickly?

ChatGPT-4 can condense complex information into concise summaries, saving you time and effort #Summarization #TimeSaver
Read 12 tweets
Feb 21
What I'm digging into this week...

-Constellation Software breakdown by Akre's Chris Cerrone

-Bonsai Partners Q4 letter

-Ray Dalio on Richer, Wiser, Happier podcast w/ @WilliamGreen72

-How to calculate ROIC by @mjmauboussin

Sources below
Constellation software breakdown: joincolossus.com/episodes/23981…
Read 5 tweets
Feb 5
Thread/

Cover Your Assets: Seth Klarman's 20 Forgotten Investment Lessons of 2008
1/

You cannot predict, you can prepare
2/

Risk tends to be highest when nobody is thinking about risk
Read 22 tweets
Jun 24, 2022
1/

Mohnish Pabrai gave a rare in-person interview with Oxana Dubrovina weeks before the Berkshire meeting

Below are my highlights
2/

Buffett had codified the laws of investing, but few professional investors were following them

For example...
-Make few bets
-Hold those business for multi-year periods
3/

I presumed that if somebody simply followed the laws of investing that Buffett laid out, they would be able to do better than a lot of professionals

I tested that theory with real money in 1994, growing $1m to $13m over the next 5 years
Read 10 tweets
May 6, 2022
1/

How did Domino’s Pizza $DPZ crush the market over the last decade (12x vs 3x)?

Through a combination of earnings growth, multiple expansion, and aggressive buybacks

H/t @JohnHuber72

πŸ§΅πŸ‘‡
2/

Earnings growth is the first engine of stock market returns

Domino’s grew earnings from $100m to $500m over the last 10 years

Impact: 5x
3/

P/E multiple expansion is the second engine of stock market returns

10 years ago the earnings multiple for Domino’s was 20

Currently the multiple is 30

Impact: 1.5x
Read 5 tweets

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