partner @penderfund. stocks n' stuff. Disclaimer: https://nitter.gq/t.co/FgXcQQhN0X
Vancouver
Joined July 2013
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Felix Narhi retweeted
This is important to understand. But you can choose to not compete against the algos. Humans already lost the war of trying to move fast to create alpha. But you can play a much slower game by changing time frames. The machines are still totally naive about 5-10+ year time frames
Felix Narhi retweeted
‘Firms with the highest decade-horizon stock mkt returns tended to be younger, had larger drawdowns the prior decade & higher prior-decade R&D spending, as compared to more typical firms’
‘Can Observable Characteristics Forecast Outcomes?’ Bessembinder
bailliegifford.com/literatur…
Felix Narhi retweeted
The investment case for $PAR by Ron Shaich of Panera fame...
How top performing restaurants are embracing tech to win the consumer youtube.com/watch?v=Et9w01Mj…
Felix Narhi retweeted
"It's not that hard if you're running a public company, to make the quarter. You can cut costs, u can raise prices. But the question is, are you building sustainable competitive advantage? My view of the world is that there's nothing that matters more than competitive advantage."
The investment case for $PAR by Ron Shaich of Panera fame...
How top performing restaurants are embracing tech to win the consumer youtube.com/watch?v=Et9w01Mj…
Felix Narhi retweeted
Despite being up 28x and 35x over the last 11 years, Amazon and Netflix have only beaten the market 6 of those 11 years
Worth considering this when your a business owner how gyrations don't change the underlying trend
Felix Narhi retweeted
-People who read news have more distorted view of political opponents
-Politically Disengaged 3X more accurate in guessing how political opponents think compared w/extremists
-For Democrats, more education associated w/worse understanding of Republicans
perceptiongap.us
They don't teach you these survival tips at business school...
Fed Ex was down to its last $$. Payments were due.
Fred Smith, the CEO and founder (and @atlantafalcons HC Arthur Smith’s dad), had a plan.
He booked a flight to Vegas and won $33,000 at the blackjack table in an 18 hour session.
“Gotta believe.”
“Flying Coach”
@ringer
Felix Narhi retweeted
June's research paper: Intangible Value ✨
Can value investing strategies be improved by adding intangible assets?
👾 The Asset-Light Economy
🔮 The Dark Matter of Finance
🏰 Intangible Moats
📉 The Disruption of Value
👨🎓 Fixing the "Value Factor"
(Not investment advice)
🧵
We've already had 2 home runs investing in businesses associated with @shaich. Now we are both betting on $PAR.
Wonderful far-reaching conversation on value creation in the restaurant industry and why he thinks it has a great opportunity to dominate its niche.
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Felix Narhi retweeted
There's nothing better than talking about investing w/a like-minded investor. You swap ideas, strategies & it can be hard to stop! @BillBrewsterSCG & I met thanks to @mihaljevic & @manualofideas & this podcast is a continuation of the conversations we have enjoyed since.
@PenderDave today folks.
I hope I help introduce/amplify a very thoughtful investor. I met Dave at an @manualofideas event and immediately liked (a) him and (b) how he thinks about investments.
Hope y’all enjoy. Thank you to @mihaljevic for creating MOI Global!
Another gem from Housel.
How to Do Long Term collaborativefund.com/blog/h… via @collabfund
Felix Narhi retweeted
• Read everyday.
• Spend time with nature.
• Ask questions.
• Never stop learning.
• Don't pay attention to what others think of you.
• Do what interests you the most.
• Study hard.
• Teach others what you know.
• Make mistakes and learn.
• It's Okay to not know things!
Felix Narhi retweeted
James Anderson at Baillie Gifford:
"There’s much that I have misunderstood and misjudged over the two decades but my ever-growing conviction is that my greatest failing has been to be insufficiently radical."
Felix Narhi retweeted
1/ It's easy to find interviews with Howard Marks, but his recent presentation to Ivey Business School was particularly insightful. This interview provides an in-depth and "new" look at value investing, and we'll share some of the highlights here
Felix Narhi retweeted
Eight ways to make money:
1. Sell a thing
2. Rent a thing
3. Take a cut
4. Charge a subscription
5. Charge based on usage
6. Sell a service
7. Advertising
8. Charge on % of assets
More in 🧵
$IAC is the "I" in our ZIPSS
IAC – Digital golden goose which has created, incubated, and invested in multiple leading global digital consumer businesses and continues to lay valuable eggs.
IAC CEO on company outlook, planned Vimeo spin-off: youtu.be/jHRx1cxqZno
Beware megacaps.
The curse of size is real.
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“If you’re going to live a long time, you have to keep learning. What you formerly knew is not enough. If you don’t adapt, you’re like a one-legged man in an ass-kicking contest.” - Charlie Munger
Surprising development, but still bullish on $sfix. Interesting that @bgurley once compared Stitch fix to Dell in the early days, which was +100 bagger. Just sayin'... abovethecrowd.com/2013/10/17…
@ElizSpaulding is a powerhouse leader. One of the smartest strategic thinkers & most ambitious leaders I have ever met. And she intersects with @stitchfix at an opportune time. I have never worked with a company where at year 10, I see WAY MORE opportunity ever before.