George Soros is one of the world's most shrewd investors.

His infamous Pound short broke the Bank of England, he was the mentor of Stanley Druckenmiller, and he is the founder of reflexivity theory.

These 12 quotes will make you a better investor.

THREAD 1/ “It's not whether you're right or wrong, but how much money you make when you're right and how much you lose when you're wrong".

One of his most famous quotes, and goes nicely with his assertion that “I'm only rich because I know when I'm wrong". Protecting capital is key.

Monday's weekly recap:

1/ Both $META and $NVDA extended their YTD gains into triple digits; now both up over 100% in 2023 🤯 2/ Despite the incredible run in $NVDA the stock continues to be one of the most actively traded stocks amongst Commonstock investors.

Last week, it was the third most purchased stock (net) behind $SOFI and $BABA.

Stan Druckenmiller is one of the world’s greatest money managers and has traded through market cycles for more than 30 years.

In 2015, he gave what is now a timeless discussion about markets and processes at the Lost Tree Club.

Here are 7 takeaways from that speech. 1/ "The mistake I’d say 98% of money managers and individuals make is they feel like they got to be playing in a bunch of stuff. And if you really see it, put all your eggs in one basket and then watch the basket very carefully".

Benjamin Graham (right) is a legendary investor, the mentor of Warren Buffett (left) and is known for his book 'The Intelligent Investor".

Warren Buffett has suggested his own investing style is "85% Graham".

Here are three quick lessons from the father of value investing. 1/ The term "Mr Market" was coined by Graham to illustrate the fickle nature of the stock market.

He offers you daily quotations on your stocks; sometimes reasonable and most of the time not.

Graham suggests that investors would be better off ignoring him.

Peter Lynch ran the Magellan Fund from 1977 to 1990, where he generated a CAGR of 29.2%.

Starting with $20 million, the fund would grow to $14 billion by the time he left.

These 12 insights will make you a better investor.

THREAD 1/ "Far more money has been lost by investors preparing for corrections, or trying to anticipate corrections than has been lost in corrections themselves."

Focus on what you know and can control.

1/ $GOOG market share for search has barely moved, but this month showed an interesting trend in desktop share...

So far in May, Bing's share of desktop search has fallen from 7.1% to 5.2%.

• Google: 90.4% 🔼
• Bing: 5.16% 🔽 2/ Bing's share of tablet search has slowly increased over the past four months, now totalling 4.9%.

But it hasn't completely come at the expense of Google, whose share is unchanged since the beginning of the year.

$AAPL recently reported Q2 2023 earnings.

• Revenue: $94.8b (-3%)
- iPhone: $51.3b +2%
- Services: $20.9b +5%
- Wearables: $8.8b (-1%)
- Mac: $7.2b (-31%)
- iPad: $6.7b (-13%)

We've curated 7 quick highlights from the call. 1/ While product revenues struggle, services hit record highs.

$AAPL CEO: "Services set an all-time record with $20.9 billion in revenue for the March quarter. We achieved all-time revenue records across App Store, Apple Music, iCloud and payment services".

$SQ Block continues to show strong growth in Q1 2023.

• Gross profit: $1.7b +32%
- Cash App: $931m+49%
- Square: $770m +16%

• Cash App MAUs: 53m
• Square GPV: $46b +17%
• Adj EBITDA: $368m +89%

We've curated 6 highlights from their recent earnings report 🧵 1/ Usage, inflows, and monetisation are all trending upwards at Cash App.

$SQ CFO: "Inflows per transacting active averaged $1,136 in the first quarter, up 8% year-over-year and quarter-over-quarter. And overall inflows into Cash App totalled $61 billion, up 27% year-over-year".

Monday's weekly recap:

1/ After tumbling more than 89% in March, $FRC fell another 78% last week upon rumours of a government takeover.

This morning JP Morgan's bid for the struggling bank was accepted by US regulators $JPM

https://twitter.com/JoinCommonstock/status/1652965573045919744?s=20

2/ Communication services and technology sectors came back from a minor slump to hit all-time highs for 2023.

Paul Tudor Jones is one of history's most prolific traders.

Between 1989 to 2014, he generated compounded annual returns of nearly 20% without a single down year.

Here are eleven of his most insightful comments and ideas. 1/ "Don’t focus on making money, focus on protecting what you have".

Focus on not losing money, and the rest will take care of itself.

Michael Burry is a well-known value investor, famous for his housing short prior to the 2008 crisis.

Today he manages capital at Scion Asset Management.

Here are ten takeaways from one of the world's most peculiar money managers. 1/His weapon of choice? Research.

His playground? Anything.

"If I can find value in it, it becomes a candidate for the portfolio."

Monday's weekly recap:

1/ $NVDA has overtaken $META as 2023's top-performing stock in the S&P 500 after the advertising giant declined 4.4% last week. 2/ Despite the incredible run $NVDA has had in 2023, investors continue to buy and hold.

• It remains the 13th most-held asset amongst Commonstock investors (excluding options) and;

• The stock was the 10th most bought asset by Dollar value (net) last week.

Benjamin Graham is a legendary investor, the mentor of Warren Buffett and is known for his book 'The Intelligent Investor".

Warren Buffett has suggested his own investing style is "85% Graham".

Here are 12 of his most insightful comments and ideas. 1/ As a student Buffet read a copy of The Intelligent Investor and it changed his life.

"Chapters 8 & 20 have been the bedrock of my investing activities for >60 years. I suggest all investors read those chapters & reread them when the market has been especially strong or weak".

Terry Smith is one of the UK's most legendary investors.

Since its inception in 2010, Fundsmith earned a CAGR of 15.8% and has grown to more than £23 billion in size.

Here are three quick lessons from the man himself. 1. Fundsmith's desired companies:

• High quality with sustainable ROCE
• Hard to replicate advantages
• No excess leverage
• High certainty of growth
• Reinvests cash flows at high returns
• Resilient to change
• Attractive valuation

In 2010, Seth Klarman described 20 lessons from the great financial crisis of 2008, which he notes “were either never learned or else were immediately forgotten by most market participants.”

Here are the top five takeaways 🧵 1. Whatever outcome you prepare for, know that it can be considerably worse.

"Things that have never happened before are bound to occur with some regularity.

Monday's weekly recap:

1. Last week, $META overtook $NVDA as 2023's top-performing stock in the S&P 500. The advertising giant is currently up 84% YTD. 2. Our investor data shows that $NVDA saw the largest selling volumes last week, while $META appeared as the stock with the 5th largest buying volumes, behind $LAZR $AMZN $TSLA and $SPY.

François Rochon is the founder and Giverny Capital and is one of the most underrated investors actively managing today.

Since launching his fund in 1993, Giverny has beaten their indexes by a wide margin.

Here are eight takeaways from their recent annual letter. 1. Rochon's Global & US portfolios underperformed their respective indexes in 2022, but the long-term CAGRs of each are unquestioned.

Since 1993
- Rochon US 13.6% vs 9.6%
- Rochon Global 14.5% vs 9.0%

Since 2007
- Rochon Canada 15.8% vs 5.7%

Benjamin Graham (right) is a legendary investor, the mentor of Warren Buffett (left) and is known for his book 'The Intelligent Investor".

Warren Buffett has suggested his own investing style is "85% Graham".

Here are three quick lessons from the father of value investing. 1. The term "Mr Market" was coined by Graham to illustrate the fickle nature of the stock market.

He offers you daily quotations on your stocks; sometimes reasonable and most of the time not.

Graham suggests that investors would be better off ignoring him.

Mohnish Pabrai is a friend of Buffett and is one of the world's most underrated investors.

He's had great success mimicking the investing styles of Buffett of Joel Greenblatt and calls himself a shameless clone.

Here are three quick insights from the Dhando investor. 1. In his book, The Dhandho Investor, he lays out the nine core principles of his framework.

You can find them below.

Morgan Housel is a partner at Collaborative Fund and the author of one of the 21st century's most influential books about money.

His first book, the Psychology of Money, recently surpassed 3 million copies sold worldwide.

Here are nine lessons from Housel's book. 1. "Money’s greatest intrinsic value, and this can’t be overstated, is its ability to give you control over your time".

Using money as a key to freedom over your time is something few goods can compete with.

$AAPL is the most successful technology company in history.

Since 1988:

• Revenue @ 14% CAGR
• Gross profit @ 14% CAGR
• EBIT @ 17% CAGR
• FCF @ 21% CAGR
• Returned > 134,585% to shareholders

Here are five facts about the $2.6 trillion gorilla. 1. If you had the foresight to invest $10,000 in $AAPL in 1988, you would be a millionaire today; eleven times over.

That $10,000 would be worth $11.9m by 2023.