I watch markets, create content about them, and build top trading & investing tech with @merchantseven
NYC 🏃♂️SF
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Buffett and Munger right now sitting on $100b+ in cash waiting for that first phone call
Apolo silva
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Imagine losing $2.75 billion and then having to go on a public Zoom call with the guy who sparked that loss and to top it off he says "I am not a cat"
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I mean, all politicians do this. But it's wild it's legal.
A short story in two photos 👇
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I often forget how young the founders of the United States were.
Thomas Jefferson 32
George Washington 43
John Hancock 39
John Adams 40
Nathanael Greene 33
That’s even more interesting when you consider in DC today, the average politician is over 60, the oldest it’s ever been.
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Live footage of Jerome Powell carrying this market nitter.app/akkitwts/status/130950…
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Walgreens is on the verge of entering the "how to implode a business" history books
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scenes that explain most people’s experience in markets:
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this Homer clip everything else
Scheplick
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Slack at all-time lows.
Uber near all-time lows.
Lyft all-time lows.
Smile Direct Club all-time lows.
Chewy all-time lows.
Fiverr all-time lows.
WeWork can’t IPO.
You have to tip your hat to the public markets and retail investors. They aren’t buying the hype.
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Let’s say Lyft and Uber don’t work out as public companies. Just say the entire model is a mess.
That would essentially make them the greatest consumer subsidy ever. We all got insanely cheap rides in various cities subsidized by private investors.
1 point for the little guy.
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investors who have spent their career trying to get that one big one
vs.
robinhood traders who did it in one week
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When you and your boy are sharing top secret trades on Robinhood nitter.app/TheoShantonas/status/1…
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Meredith Frost
That time you made an incredible trade, then tried it again, and... now you’re humbled forever.
nitter.app/buitengebieden/status/…
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I still can't believe suspending @zerohedge was *literally* the top.
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They found a billion dollars worth of cocaine on a ship owned by JP Morgan.
Why did JP Morgan own the ship? It was an alternative investment strategy for clients.
Imagine being so deep in the game you start buying cocaine ships instead of the S&P 500 markets.businessinsider.com/…
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Rivian is the first-ever company to be worth $100 billion with under $1 million in revenue.
All things considered, that's a pretty amazing accomplishment
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For those who don’t understand: He’s just realizing the Federal Reserve owns almost 20% of the debt.
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My thoughts on the Zerohedge suspension
1. I actually think it’s healthier for society to see all news, even fake news, and debate it rather than be censored from it.
2. I believe people are smart and capable of doing their own research and making the right decisions over time.
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I do agree.
Severance was incredible.
Dark Matter surprised me with how interesting the possibilities were.
Silo started off a bit meh for me, but by the end, I thought it was brilliant.
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The golden rule of investing:
Never, and I mean never, celebrate or become arrogant about unrealized gains.
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Imagine bragging about your gains in a bull market.
Very few things say rookie to me than that.
Gotta stay humble. Real ones stay level headed always.
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I guess it’s official now. @stoolpresidente has become a trader to watch according to Wall Street research
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One tax belief I have long held is that a flat 10% tax rate for everyone, no loopholes, no exceptions, would actually generate *more* revenue than whatever we are doing now
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Evan Kirstel #B2B #TechFluencer
Ruth’s Chris Steakhouse got $20 million in bailout money.
Not saying that’s bad. I’m just not sure I understand how funding a steakhouse over a biotech company looking for a vaccine or a hospital is going to prepare us for the next 6 months. But then again I’m a guy on twitter.
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Popular Science
DoorDash - $40 billion
Airbnb - $40 billion
Dominos Pizza - $15 billion
Hilton Hotels - $29 billion
No idea what this tweet means. But I feel like there’s some takeaways here.
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Portnoy is down $600k in his trading account.
But really it’s one of the best marketing budgets I think I’ve ever seen.
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Michael Burry called one of the greatest shorts of all-time back in 2009.
Michael Burry called one of the greatest short squeezes of all-time in GameSpot.
What. A. Legend.
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Masak Darurat
DraftKings is up 288% year-to-date.
Penn Gaming is up 126% year-to-date.
Investors are buying dips in gambling stocks on the basis that more people will be gambling. It’s a gamble of a gamble on a gambling company.
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Big cities may not be the same after this.
We literally, overnight, just built an entire infrastructure for distributed workforces and remote work. The pipes have been laid.
Why pay massive salaries in NYC or SF? Get one in Alabama for a 1/3rd of that. No office, no worry.
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If Lyft goes under $50 per share (currently $56), Fidelity would be underwater on their investment.
If it goes under $40, Google (Alphabet) will be in the red.
Icahn and Andreesen Horowitz have plenty of room. A great chart from The Information.
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PG&E is down 50% today. It's down 83% since last November.
Seth Klarman, the value investor who everyone praises, and founder of Baupost Group, has a 6.7% stake in PG&E. He bought between $38 and $45. It currently trades at $9.
No investor is immune to losses. It's the game.
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"Evan, $SNAP is now down 70% since its IPO. It recently made all-time lows at $6.46/share. What are you going to do about it?"
*hold my beer*
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I am enjoying income statements of Lyft vs. Twitter:
• One lost $900 million last year. The other made $1.2 billion.
• One did $0 in free cash flow. The other $855 million.
• One promises 20% margins. The other does 39%.
Lyft is currently valued at more than Twitter.
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I’m reading that they’re thinking of eliminating the capital gains tax. The rumor is swirling.
That would be the greatest bullzooka yet and I’m not sure how it could be topped.
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Me when I tried to short the market a few weeks ago nitter.app/VideosCryptic/status/1…
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I actually think in 5 years a lot of people are going to look back at this moment and say “why was 90% of my portfolio exercise bikes and gambling apps?”
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Paddy Raff
A Few Things I Learned About The Stock Market In 2018 (a thread)
1. If you’re in the market for quick riches, you will lose.
2. The worst thing you can do is talk about your portfolio when it’s up. It becomes a social status rather than a means to savings and self-sufficiency.
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When grandpa told millennials to stay away from crypto but they didn’t listen
nitter.app/Boxing_exposure/status…
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When the market awakes after a 10% correction and starts ripping nitter.app/Mako/status/1072158731…
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The largest holder of Bitcoin is an anonymous address of 1.1 million Bitcoins. It’s believed to be Satoshi Nakamoto. The anonymous founder.
Those 1 million Bitcoins are now worth $32+ billion.
That makes him one of the wealthiest people in the world.
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Imagine the guy showing up to the club with his AirPods, Apple Watch, iPhone, and Apple Credit Card telling the bartender, “I’ll take a Michelob Ultra”
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I bought
⊂_ヽ
＼＼
＼( ͡° ͜ʖ ͡°)
> ⌒ヽ
/ へ＼
/ / ＼＼the
ﾚ ノ ヽ_つ
/ /
/ /|
( (ヽ
| |、＼dip
| 丿 ＼ ⌒)
| | ) /
ノ ) Lﾉ
(_／
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A 27-year-old trader at Morgan Stanley lost them $140 million.
I don’t know what’s more wild: the fact he pulled that off at a company with 60,000+ employees or that they’re trying to put all the blame on him. bloomberg.com/news/articles/…
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when the self-proclaimed trading guru actually shows you his brokerage statements
Caleb Hull
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Imagine a day in which you can’t walk 50 feet to get outside for a run or to the gym so instead you buy a $5,000 stationary bike that lets you talk to people online rather than in person while you work out and that entire process is being valued at $8 billion
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Would you look at the time…
BTFD
BTFD ^ BTFD
BTFD | BTFD
BTFD ⊙----> BTFD
BTFD BTFD
BTFD BTFD
BTFD
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If Tesla $TSLA gets bought out:
- “$420” per share
- A valuation of “$69” billion
- Someone would now own Models S, 3, X, and Y (spell that out)
- If you name your Tesla “42” or “42.0” like Hitchhiker’s Guide To The Galaxy, it will give you the meaning to life.
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When you've lost all control of your investment strategy nitter.app/kaylasheagg/status/118…
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I haven’t taken an Uber since March.
It’s kind of remarkable their market cap still sits at $65 billion.
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I learned today Ray Dalio got fired once for getting drunk and punching his boss in the head.
The he started his own firm. Then his firm blew up and he went broke.
Then he tried again heeding the great lessons of punching someone and losing it all. Now he’s a billionaire.
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The Government shutdown is expected to cost the general economy $6.5 billion per week.
The current government shutdown is a fight over $5 billion.
Do we do math anymore?
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As someone who enjoys southeast Asian street food, especially Vietnam, this is cool.
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Jeff Bezos’ paper net worth just hit $176 billion and that alone is bigger than the following companies:
Nike
Wells Fargo
Boeing
Shopify
Twitter
T-Mobile
Chevron
Costco
IBM
Citi
Starbucks
Blackrock
3M
The entire market cap of Bitcoin
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You can’t buy dips if you don’t have cash.
It’s why I’ve never understood why people are ever 100% invested, no matter how diversified.
Optionality is your greatest advantage. Having the option, at any moment, to participate in markets is a powerful position to be in.
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