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. 🧵
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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 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 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.
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.
1/ Part of the reason is our ability to pattern match. 