Nihar Sheth retweeted
Built another weekend project! Please be nice - it's running on a GPU-less server in my mom's basement
.@_harshalsheth and I were building semantic search and wanted to test different embeddings strategies + models, but there aren't any good playgrounds for quickly iterating and building intuition
so we built it! embed.sheth.io/
Surprised Uber/Lyft didn’t lobby harder against this
BREAKING: The California Public Utilities Commission has voted to let Cruise and Waymo operate driverless robotaxis 24/7 and charge fares across San Francisco.
The decision came after hours of sharply divided public comment. sfstandard.com/2023/08/10/fu…
Where to play? - picking the right game in investing
niharsheth.substack.com/p/wh…
If the gov't wants to transfer wealth from innovative founders + SWEs to the hedge fund bros, they are surely succeeding
There have been a lot of explainers about why / how SVB failed.
But I’ve seen a lot of FUD / speculation on Twitter about what happens next.
A more balanced take. Thread 👇
My guess is regulators will try to announce something over the weekend / Monday to prevent panic spreading.
However, I want to be clear that this is all my best guess, and I am completely outside-in, so I don’t know anything for certain.
The last year has taught us that entry point matters. Valuations matter. Price matters.
So how much did Buffett care about valuation early on? What did he pay for his early investments, and how did entry valuation affect his returns? I'll go case by case below 👇
You should use LT average interest rate levels as an input to your valuation framework, not today’s levels.
That will filter out many stocks. That’s ok. WEB bought very little in the last decade. Valuations were not attractive.
Source: all case studies h/t @McD_Investments 's excellent book Capital Allocation: Financials of a New England Textile Mill.