The Intersect retweeted
Armadillos collect leaf litter they use to build nests in their burrows. Because of the specific armadillo's body shape, the animal opts for bunching a pile of leaves up against their abdomens and hopping backwards toward their nest
teapawt.net/blabla112345/status/16…
The Intersect retweeted
Net Income vs. "Adjusted Net Income"
Just met a trader who's up 350%+ in 2022!
His strategy:
1. Look for one-time expenses the Street is missing.
2. Recalculate adjusted net income.
What's that?
Let's do a deep-dive.
👇
7 One-time items an investor should NEVER overlook.
🧵/
The Intersect retweeted
Warren Buffett's No. 1 Investing Rule: "Don't Lose Money"
Here's why that you should be YOUR No. 1 Rule, too.
A 70% loss requires a 233% return to reach breakeven.
The Intersect retweeted
U.S. households own nearly $38 trillion in owner-occupied real estate, just over $11.7 trillion in debt, and the remaining ~$26 trillion in equity. The national "LTV" in Q4 2021 was 30.8%, the lowest in over three decades.
The Intersect retweeted
This is Joel Greenblatt.
Between 1985 and 1994, he produced an annualised return of >40%.
He taught extensively at Columbia University School of Business. It was where Warren Buffett studied under Benjamin Graham.
Here are his best lecture notes (they're simple!) :
The Intersect retweeted
Boys from working-class families are floundering in school w/ one exception:
NYT: "Teenage boys from w-class families, regardless of race, who were regularly involved in church & strongly believed in God were twice as likely to earn bachelor’s degrees".
nytimes.com/2022/03/15/opini…
The Intersect retweeted
This has got to be one of the ugliest charts in the world right now.
High yield Chinese real estate dollar bonds.
Sector just continues to implode. bloomberg.com/news/articles/…
The Intersect retweeted
1/8 Thoughts on market this week
The challenge in this market is to remain patient. Psychologically, we have been conditioned to BTFD over the last decade as every worry eventually evaporated in a quarter or two.
Is this market different?
The Intersect retweeted
Alibaba now under its IPO price over 7.5 years ago.
In that period:
• Revenue is up ~12x from ~$10B to ~$120B
• Operating income is up ~3x from $5B to ~$14B
The Intersect retweeted
Trucking, Trash and Tractor rentals have nothing in common.
Except billionaire Brad Jacobs who built 3 companies worth $40 billion.
The craziest part?
He bought 500 businesses along the way.
Here's the breakdown and 6 lessons you can use today🧵
The Intersect retweeted
1/17 $SPOT 4Q'21 Update
If someone gave me the call transcript and press release a day before and asked me how do you think the market would react, I would probably say +5%?
In reality, stock went down 22% AH, then recovered to -10%. Investing is hard.
Let's dig in.
The Intersect retweeted
The Intersect retweeted
From The Atlantic yesterday. I’ve had Paul Offit on my podcast, and he is about as pro-vaccine as one can be, and yet he clearly sees the risk of over vaccinating young people. Why is this such a taboo subject? theatlantic.com/health/archi…
The Intersect retweeted
I didn't get mine for 3 months after I was vaccinated. The doctors told me I was in menopause at age 42 based on my levels. The nurses whispered "oh everyone's periods are getting messed up." When I mentioned this, I was told I was a conspiracy theorist. I'm currently pregnant.
The Intersect retweeted
MUST READ
“Hoenig was worried that Fed was taking risky path that would deepen income inequality, stoke asset bubbles & enrich biggest banks over everyone else”
QE would also stoke inescapable financial instability
politico.com/news/magazine/2…
ht @jessefelder @hussmanjp @adamtaggart
