Chin Hui Leong Profile picture
Investor | Co-founder, The Smart Investor | Formerly @themotleyfool | Daddy
Apr 19, 2023 25 tweets 4 min read
$ASML is a US$260 billion company today.

But it is far from an overnight success.

The company's key product, the EUV system, took almost 20 years to develop; it took a village to get it done, every step of the way. 🧵 1/23

1997 to 2010: from concept to prototype

The idea behind EUV was conceptualised in the mid-1980s.

But it wasn’t until 1997 when ASML launched its EUV program by hiring Jos Benschop (Senior VP of Technology) to lead the charge.
Dec 1, 2022 4 tweets 2 min read
$MELI CEO Marcos Galperin (8 Dec'07)

"One of the things I think we did right relative to the rest – there were 40 companies doing exactly what we were doing – some of them raised more funds than we did.

Only a handful were able to do a couple of rounds of financing." $MELI [cont'd]

"That was a key to differentiation from other companies.

All of them [competitors] spent all of their money doing mass marketing, doing the Pets.com strategy.

We saved our cash and developed our products."
Nov 26, 2022 23 tweets 5 min read
How fear swindles investors today

Peter Lynch said you can be the world’s greatest expert in financial statements but without a strong stomach, you will sell in panic.

It's not the lack of know-how that is stopping investors, it's FEAR.

Time for a 🧵

h/t Beating the Street
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1/ Part of the reason is our ability to pattern match.

Daniel Kahneman describes two general modes of thinking:
1. System 1 (reflexive) for intuitive, snap decisions
2. System 2 (reflective) for untangling time-consuming, complex problems
Oct 22, 2022 5 tweets 2 min read
Drawing inspiration from @TessAngWrites

My favourite Peter Lynch quotes involve rocks, pants, kisses, and faith:

1/5

"The person that turns over the most rocks wins the game."

2/5

"I'm always fully invested. It's a great feeling to be caught with your pants up." 3/5

"You don't have to "kiss all the girls." I've missed my share of tenbaggers and it hasn't kept me from beating the market."

4/5

"Keeping the faith and stockpicking are normally not discussed in the same paragraph, but success in the latter depends on the former."
Oct 1, 2022 13 tweets 4 min read
Me in 2005-ish: this "investing" thing is easy.

I read a book about Warren Buffett, there were step-by-step instructions on what companies to buy and how to value them.

I can do the math. Easy peasy ... right? I decided to wade into the stock market to test my newfound investing knowledge.

Unfortunately, what I found was a mess of companies which did not fit nicely into the steps which I had learnt in the book.

In short, I quickly got confused.
Jan 15, 2022 17 tweets 4 min read
In less than 2 weeks, I will be celebrating my 15th anniversary of holding shares of $NFLX.

The experience has been both educational and financially rewarding as an investor.

Here are 15 highlights and lessons from my 15-year journey.

#asseeninbt #nflx #netflix 1/15 Start small, dream big

$NFLX started with DVD by mail in 1997.

But Hastings had his eye on the bigger prize: delivering video over the Internet. He stressed that the company was named Netflix from the start and not DVD-by-mail.