Snir David (long term investing) Profile picture
Individual investor. I use software tools to visualize and explain better investments.
17 Sep
To celebrate Gitlab S-1 filing:

My thoughts on why they are in a great position to grow steadily, and why their moat might be deeper than seems

$GTLB ๐Ÿ‘‡๐Ÿงต
Even though their name has "git", they are far more than a git service provider. They started at that, but don't let it fool you.

Gitlab is a full software development process service.
- Devops tools
- Project management
- Deployment
- Security
- Code management
- And more..
Their ability to provide a full service for any development process is what drives my thesis on their ability to grow, and on the depth of their moat.

Let me explain.
Read 12 tweets
13 Sep
How REITs grow?

REITs pay most of their income as dividends, yet they can grow the business both internally and externally.

Let's talk how they grow, and how they finance the growth ๐Ÿ‘‡๐Ÿงต
This thread is a summary of a video I made on the subject where I go into more details, check it out if you're interested in the subject:
REITs have 2 categories of business expansion:

Internal growth - growing income from existing assets
External growth - growing income by getting new assets

External growth is obviously more capital intensive than internal growth, but we'll get to that.

First, let detail each:
Read 9 tweets
23 Mar
"How to make wealth"

Key concepts from @paulg essay from 2004

I write this thread because @paulg evergreen wisdom is worth resurfacing on Twitter.

If you look for another (insanely smart) perspective, there's @naval thread from 2018.


**What is wealth**

Wealth is not money.
Wealth is the ability to do and have what you want.

Money can buy you what you want, but it isn't wealth in and of itself. Having your needs met is wealth.
Read 17 tweets