BC LIFE

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Brian Feroldi
@BrianFeroldi 4 years, 3 months ago 798 views

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The 🔟 Most Important Money Lessons

I Wish I Could Teach My Younger Self 🧵

1⃣ ALWAYS live below your means

2⃣Developing a long-term mindset

is the foundation of financial success

3⃣In the beginning, your savings rate is all that matters

Eventually, your investing returns are all that matters

Focus your time accordingly

4⃣Financial freedom is achievable

The price is ~10 years of hardcore saving/investing

5⃣Wealth is built in your free time at home

not at work

6⃣If you learn how to convert your salary into wealth

you'll become financially unstoppable

7⃣There will never be a "perfect" time to invest

Just buy regularly and ignore all forecasts, declines, and news headlines

8⃣In the short-term, sentiment controls stock prices

In the long-term, earnings control stock prices

9⃣Don't worry about your short-term results

🔟Remember to have as much fun as possible on the journey

Don't take yourself too seriously

Make friends. Play games. Travel. Connect with your community!

If you don't enjoy the journey, you won't enjoy the end result

Enjoy these graphics?

I email them daily for free

https://t.co/SjeNPpNAHN

More from Brian Feroldi

$Brian Feroldi (\U0001f9e0,\U0001f4c8)$

Brian Feroldi (🧠,📈)...
@BrianFeroldi

If you buy individual stocks, you MUST watch their earnings

Here are 9 FREE investing tools that are massive time savers:📈

1. What companies are reporting this week?

@FINVIZ_com makes it easy to find out

Screener → Earnings Date --> This Week

I like to sort by market cap

2. What numbers is Wall Street expecting?

@SeekingAlpha's earnings section has TONS of great information

Ticker → Earnings → Upcoming Quarter Earnings

3. How do I find the earnings?

Search the company’s name + “investor relations”

Companies like $TSLA provide presentations, webcasts, earnings releases, and more

4. Prefer to listen to earnings calls on the go?

@Quartr_App makes it easy

Their free app allows you to pause, rewind, & speed up the call -- a HUGE time saver

Brian Feroldi
@BrianFeroldi

1/ Mission Statements 🧵

I used to think mission statements were just corporate fluff

False words that companies created for HR reasons

I've slowly changed my mind about them

They are THE BEST stakeholder alignment & decision-making tool ever

EVER!

Need convincing? ⬇️⬇️⬇️⬇️

2/ What is a mission statement?

At its core, a mission statement should answer this question:

*****Why does the company exist?*****

A profound question that is easy to overlook!

3/ When used properly

Mission Statements should guide ALL of the actions of the organization

It's like a company's North Star

If an activity doesn’t advance the mission,

it should be discarded!

If an activity does advance the mission,

it should be adopted!

4/ A Mission and a Vision statement are different

Mission: WHY the company exists

Vision: What the company/world looks like if the company is successful

Both important, but they are NOT interchangeable

5/ The reason I used to think mission statements didn't matter

is because the vast majority of companies/CEOs

don't believe they matter!

Most companies SUCK at creating & communicating them!

Why should employees/shareholders care about a mission

if the company/CEO doesn't?

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Brian Feroldi
@BrianFeroldi

Accounting is the language of business.

If you buy stocks, you MUST learn how to read a Cash Flow Statement.

Here’s everything you need to know:

The cash flow statement shows how cash moves in and out of a company over a period of time.

The most common time periods are:
▪️1 Quarter
▪️1 Year
▪️Year-to-date (usually 6 or 9 months)

The time period is at the top. Here's $NFLX recent cash flow statement time period.

Some companies show the cash flow statement in their earnings press release, but many don’t.

You can find the cash flow statement by looking at:
▪️10-Q (Quarterly Report)
▪️10-K (Annual Report)
▪️Fnancial aggregators such as @theTIKR,
@CMLviz, @themotleyfool, @YahooFinance

There are three main segments to a cash flow statement.

1. Operating Activities
2. Investing Activities
3. Financing Activities

Companies get some leeway with how they breakout each segment, but they all follow this basic structure.

Let’s start with Operating Activities.

This segment STARTS with net income (the bottom number of the Income Statement).

It shows cash movements from all normal operational business activities.

Brian Feroldi
@BrianFeroldi

Here are some of the big investors that track:

Altarock Partners
AKO Capital
Appaloosa
Akre Capital
Broad Run
Dorsey Asset
Duquense
Ensemble
Fundsmith
Polen Capital
Third Point

Here are their current top 10 holdings (in order) and links to their latest buys/sells ⬇️

Altarock Partners

Top

AKO Capital

Top 10 (in

Appaloosa: (David Tepper)

Top

Broad Run

Top

Brian Feroldi
@BrianFeroldi

1/ An ode to @JeffBezos

Jeff is stepping down from CEO and moving on to Executive Chairman

He's one of the greatest owner/operators of all time

$10,000 invested in $AMZN at IPO is currently worth

$17.3 million!

Here's a list of my favorite Bezos facts and quotes 👇

2/ "We don’t celebrate a 10% increase in the stock price like

we celebrate excellent customer experience.

We aren’t 10% smarter when that happens

and conversely

aren’t 10% dumber when the stock goes the other way."

3/ Bezos invested $250,000 in Google in 1998

That's worth several BILLION dollars today

4/ "Your margin is my opportunity"

5/ "There are two kinds of companies,

those that work to try to charge more

and those that work to try to charge less.

We will be the second."

More from Life

$\u061c$

؜
@levelsio

If you're feeling down lately, here's a quick test to figure out why:

👇

💖 Have you met up with your friends IRL this week?

🏋️‍♀️ Have you exercised today or yesterday?

🎨 Are you working on stuff that's meaningful to you?

🤝 Have you helped someone today with something you're good at?

Naval
@naval

How to Get Rich (without getting lucky):

Seek wealth, not money or status. Wealth is having assets that earn while you sleep. Money is how we transfer time and wealth. Status is your place in the social hierarchy.

Understand that ethical wealth creation is possible. If you secretly despise wealth, it will elude you.

Ignore people playing status games. They gain status by attacking people playing wealth creation games.

You’re not going to get rich renting out your time. You must own equity - a piece of a business - to gain your financial freedom.

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Mo Rajabifard
@morajabi

👨‍💻 Last resume I sent to a startup one year ago, sharing with you to get ideas:

- Forget what you don't have, make your strength bold
- Pick one work experience and explain what you did in detail w/ bullet points
- Write it towards the role you apply
- Give social proof

/thread

"But I got no work experience..."

Make a open source lib, make a small side project for yourself, do freelance work, ask friends to work with them, no friends? Find friends on Github, and Twitter.

Bonus points:

- Show you care about the company: I used the company's brand font and gradient for in the resume for my name and "Thank You" note.
- Don't list 15 things and libraries you worked with, pick the most related ones to the role you're applying.
-🙅‍♂️"copy cover letter"

"I got no firends, no work"

One practical way is to reach out to conferences and offer to make their website for free. But make sure to do it good. You'll get:

- a project for portfolio
- new friends
- work experience
- learnt new stuff
- new thing for Twitter bio

If you don't even have the skills yet, why not try your chance for @LambdaSchool? No? @freeCodeCamp. Still not? Pick something from here and learn https://t.co/7NPS1zbLTi
You'll feel very overwhelmed, no escape, just acknowledge it and keep pushing.

MaybeTheJingoAteYourBa...
@colbymommy

Try to imagine yourself as an older Republican. (Obviously you are white and you have a penis.) You have long believed R's to be the responsible ones, the moral ones, the ones who will do the right thing even when it's hard.

You remember your heroes: Eisenhower and Reagan, the Bush's? Right? You knew that they would "take care of us" while all the crazy tree huggers and hippies wanted to buy the world a Coke and and give all your money to poor people and immigrants!

...and how was THAT gonna teach them to pull themselves up by the boot straps and make something of themselves like YOU DID??
After all, this is the land of opportunity, RIGHT? Everyone has the same chance to be successful and PROSPEROUS, right???

You did it all with NO HELP--ALL BY YOURSELF, DIDN'T YOU. I mean, the G.I. Bill didn't do all that MUCH!
Rich people were taxed at 70%, and that was OK with you because you weren't one. *YET*

Just because the cost of living was MINISCULE compared to now, and you got a spiffy new job with a company car and paid health insurance, and a freaking house you BOUGHT ALL BY YOURSELF for 25 thousand freaking dollars,

Russ
@RussInCheshire

Just because.

Here's an interesting story about a man you've almost certainly heard of, think you know stuff about, but probably weren't taught any of the good, funny, ludicrous stuff that makes it really interesting.

It's long. You might hate it. I'll take that chance...

In 1588, Spain launched a huge fleet with the aim of overthrowing Elizabeth I and conquering England (sorry Britain, I'm taking about the "it's still just England" era).

At least in part, they did this to stop our pirates from being such a monumental pain in their arse...

As the 130 Spanish ships approached our coast, the English packed our most ancient and decrepit boats with junk, set them on fire, and shoved them into the Spanish lines.

The Armada scattered, and the weather took care of the rest, driving them towards the Dutch coast...

Thus, the great military achievement of the Elizabethan era was settled by a combination of a typical English summer, and an aquatic bin fire.

But somebody had to come out of it a hero, and that somebody was Sir Francis Drake...

The things you know about Drake are practically all false: he didn’t finish his game of bowls before being bothered to defeat the Spanish – that story didn’t appear until some 40 years after the events, and bad weather kept in in Plymouth: not fannying around with ball games...

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Vibhu Vashisth
@VIBHU_Tweet

Surkanda devi mandir is a famous shrine of Hindus located near Kaddukhal distt of Uttarakhand, 11 Km from the town of Dhanaulti and 35 Km from Mussoorie.
The Temple is one of the 51 Shakti Peethas spread all over Indian Subcontinent and is dedicated to Goddess Surkanda.

Nestled on a Hill at an Altitude of 2700 m approx, the place offers a splendid view of the snow capped mountains, the picturesque scenic beauty that offers an experience of the lifetime.
The Temple build in the traditional Garhwal style exuberates the Architectural splendour.

The origins of the Surkanda Mata Mandir is attributed to Goddess Sati, consort of Bhagwan Shiv who in a rage immolated herself in her arrogant Father Daksha's Yajna Kund bcoz he didn't invite Bhagwan Shiv in the Yajna.

Devastated by the death of Sati Shiva wandered all over the cosmos performing Tandava-The Dance of Cosmic Destruction.Fearing the total annihilation of cosmos, Gods requested Bhagwan Vishnu to pacify Shiva.Bhagwan Vishnu then used his discuss to destroy the burning corps of Sati.

The pieces of Sati Mata's body then got scattered all over the region which were later established as Shakti Peethas by Bhagwan Shiva himself.Its believed that the head of Sati fell here and it was called Sirkhanda Mata Temple before, but with passage of time it became Surkanda.

Greg Olear
@gregolear

Strange things are afoot at the Circle K. Let’s sort it out.

[THREAD]

1/ Two nights ago, Rupert Murdoch called on Mitch McConnell, after hours. Since then, two Fox News-related Twitter accounts have not tweeted.

2/ Trump fired Sessions on Wednesday, replacing him with human dildo/Putin collaborator Matt Whitaker. Sessions had asked to stay until Friday and was told to leave immediately. So there was clearly some urgency to install the dildo...er, puppet.

3/ The Democrats won the SHIT out of the Midterms. Come January, the House check on Trump will leave him so hobbled, he’ll be like the dude from Misery.

4/ Trump went to Paris, ostensibly for an Armistice Day centennial event. He skipped the event, and much of the dinner tonight, because of “weather,” which everyone seems to agree is a bullshit excuse.

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$Anu Satheesh \U0001f1ee\U0001f1f3$

Anu Satheesh 🇮🇳...
@AnuSatheesh5

Chennimalai Murugan Kovil
#Erode
#TamilNaduTemples 🚩

Chennimalai Murugan Temple is located near Perunthurai in Erode District. Murugan is worshipped here as Dandayudapani. Temple is situated on the banks of Noyyal river also called Kanchima Nadhi. Temple is situated in a hill

Sthala Puranam says that, there lived a Landlord who had many cows in his farm. One among them was a Black Cow, which didn't give milk. Land lord observed that evening time, when all the cows came back after grazing, this cow used to go to a particular spot and gave all the milk

by itself. He decided to dig the spot where the cow gave its milk

On digging a beautiful Vigraham of Murugan was found, but lower portion was very rough. So he called a great sculptor to soften it. Everyone was shocked to see that on the first chisel the vigraham bleeded.

Land lord realized that Murugan wanted the Vigraham the way it was.

Thus Prathishta was done on Chennimalai hill. It is believed that Sivalaya Chola got relieved from his Brahmahatti Dosha here. Kanda Shasti Kavacham was first offered here.

Muruganukku Haro Hara
🙏🕉🙏

Bharadwaj
@BharadwajSpeaks

Hinduism is a minority religion in Punjab.

During the Khalistan movement, the minority Hindus and Jains were subjected to several attacks. Hindu and Jain temples were frequently vandalized and desecrated. This thread documents a few instances.

Thread

Durgiana Mandir is one of the oldest temples of Amritsar. According to the regional Hindu tradition, the temple was built on the spot where Lava and Kusha bound Hanuman. The temple annually attracts millions of Hindus from all over the country.

Amristsar has a very ancient Hindu history.

According to the regional Hindu tradition recorded in the "Survey of Amritsar", Amritsar got its name from Amrit immersed by Lava and Kusha in a pond.

Durgiana Mandir was rebuilt in 1921.

It was used to house the Murtis of Vishnu and Durga which were thrown out from the Parikrama of Harmandir Sahib in 1905.

Because of its presence in Amritsar, it became a frequent target of radicals during the Khalistan movement.

In 1982, in what was a completely unprovoked attack, the Dal Khalsa "activists" threw a severed cow head inside Durgiana temple.

Guillaume Chaslot
@gchaslot

The YouTube algorithm that I helped build in 2011 still recommends the flat earth theory by the *hundreds of millions*. This investigation by @RawStory shows some of the real-life consequences of this badly designed AI.

Flat Earth conference attendees explain how they have been brainwashed by YouTube and Infowars https://t.co/gqZwGXPOoc
— Raw Story (@RawStory) November 18, 2018

This spring at SxSW, @SusanWojcicki promised "Wikipedia snippets" on debated videos. But they didn't put them on flat earth videos, and instead @YouTube is promoting merchandising such as "NASA lies - Never Trust a Snake". 2/

A few example of flat earth videos that were promoted by YouTube #today:
https://t.co/TumQiX2tlj 3/

https://t.co/uAORIJ5BYX 4/

https://t.co/yOGZ0pLfHG 5/