A thread of my favourite investing compilations, resources and rabbitholes I like to dive into:

The goat of compilations @kgao1412

Clark Square Capital (@ClarkSquareCap) has a great site of speeches, interview, books and other resources

Highly underrated is @choctopcap's neocities site

My good mate Erick Mokaya (@ekmokaya) has a great @mjmauboussin resource list

Things I've learned trading for the past 4 years in no particular order while reflecting this Sunday on it all:

* It always goes higher than you expect it will.

* It always comes back down.

* It is very easy to make money in these markets. It is much harder to keep it.

* You will FOMO no matter how much you say you won't. Make sure you don't FOMO with everything and blow your account.

* You don't need some fancy indicator to be profitable. Get solid with a few (personally for me, Ichimoku and OBV are my favorites)

* Horizontal levels are more reliable than diagonal.

* Trade with friends. They'll tell you when you've fucked up and shame you for it.

* You can follow someone else's TA, but you better be able to tell if they're full of shit or not.

* Risk Management will ultimately lead to your success over time. Luck runs out.

* "As soon as you stop trying to get rich quick, you'll get rich quick."

* Beware of getting sucked into coin communities. They're full of hopium, bag hodlers, and outrageous price predictions. Echo chambers are dangerous.

* Always leave behind a small moon bag. Makes you feel better when it does another 10x.

So You Made Some Money On GameStop And Want To Learn More About The Stock Market?

Here Are 7 Investment Books Worth Reading

With stocks in the news, there's been a lot of talk about where to learn investing.

Many suggestions are terrible with comments promoting Forex scammers, overpriced courses, or dull academic books like "The Intelligent Investor."

Luckily, there are also plenty of fun and interesting books on finance. Many of which are written by legendary investors who consistently beat the market.

And, there are plenty of fantastic biographies, covering historical market events and old school traders.

Below are SEVEN titles worth reading.

The first book is my personal favorite, but none of the others are in any particular order.

DISCLAIMER: I'm Using Amazon Referral Links Below, But It Doesn't Influence The List. Also, You Can Get All These At Your Local Library.

1. ONE UP ON ALL STREET BY PETER LYNCH

Peter Lynch is the greatest investor of all-time, outperforming Warren Buffett.

This is a fantastic, easy-to-read look at how to successfully buy winning stocks and multiple your money.

It’s finally here…

A vision...

To turn speaking into a superpower for you.

-In front of investors
-In front of an audience
-in front of every single person

On Deck Performative Speaking applications are

How did we get here?

The journey started in my first year of law school.

Seeing law students struggle to speak in front of the class…

I couldn’t believe my eyes.

So learn the skills, study the best, practice and refine.

Being a trial lawyer taught me what it takes to be a great speaker.

The 3 Cs

-Clear
-Concise
-Confident

Nail these three and good things happened.

Develop a philosophy and then a method.

The philosophy is Performative Speaking.

-Use other art forms as an example to create emotion.

The method is the CAP system.

-Confidence
-Authenticity
-Persuasion

The first two take you 90% of the way.

The last makes you elite.

But that isn’t enough…

Because I needed to teach these skills.

SMU Law needed help teaching persuasive speaking.

They needed help coaching the national mock trial team.

Over 3 years I taught, tested, and iterated.

My students began sweeping best speaker awards.

@AdityaTodmal @niki_poojary I think the best Indian channel for Options Selling is @ThetaGainers, by far!

As 2020 as 2020 was (no typo here), 2020 was a great year for some investors. If you invested in some stocks, you could have gotten 10 times your money. Crypto got more adoption etc

Going into 2021, the phrase “regression to the mean” has been on my mind. The phrase simply means

that life averages out, or life tends towards a steady average. That is, years of high gains or huge wins are often followed by years of lower ones such that when we look back, growth maintains a steady average

What does this mean? 2021 might not be as great a year for the stock

market and other high-risk investments as 2020 was. It also means that if you’re going into the stock market or buying crypto because you want to double/triple your money in a few months as some people did in 2020, that might not happen.

If you’re looking to invest, do it for

the long term. Don’t take high risk or invest in things you don’t understand. Take your time. Do the research.

“When the student is ready, the teacher will appear” - Lao Tzu
When the time is right, the right opportunity for you will present itself. You just have to prepare

yourself (get ready)

2020 has given some of us a taste of supernormal returns. People were doubling their funds in days/weeks etc. When we see returns like these, it isn’t easy to rate any investment that’s not offering something close to that in a similar time frame

But here’s

" ALL ABOUT HEAD & SHOULDER CHART PATTERN"
~ This pattern is analogous to the human upper body
structure.
~ Credibility of this pattern is really high.
~ It consist of 3 types-
1. Head & Shoulder Top
2. Head & Shoulder Bottom
3. Head & Shoulder Continuation

1. Head & Shoulder Top:

~ It is used to take the bearish trade. While taking trade on the basis of this pattern. The prior trend should be an upward trend before the formation of this pattern takes place.

~ Risk to Reward ratio is high.

~ If we goes wrong SL will hit.

2. Head & Shoulder Bottom

~ It is also known as Inverted Head & Shoulder pattern. It is one of my favourite pattern. It is used to take bullish trade.

~ Prior trend should be downtrend or sideways before this pattern formation takes place.

3. Head & Shoulder Continuation

~ Prior trend should be an upward trend before the formation of this pattern takes place.

~ Risk to reward ratio is high.

~Stop Loss should be on the closing basis.

My 21 stocks for 2021:

Smallest to largest...
$IRBT
$UPWK
$FVRR
$RDFN
$BYND
$ETSY
$TDOC
$ZG / $Z
$PINS
$ROKU
$MO
$MELI
$ISRG
$SQ
$SE
$PM
$CRM
$DIS
$BRK.B
#Bitcoin
$AMZN

Bonus baskets:
$ARKG
A basket of the @chamath alphabet SPACS ( $SPCE, $OPEN, $IPOC, $IPOD, $IPOE, $IPOF)

iRobot ($IRBT) – Ceiling: So much optionality in home robotics + AI to boost growth. Floor: Premium brand, profitable, good balance sheet.

Upwork ($UPWK) and Fiverr ($FVRR) – Marketplaces that win as freelancing and the gig economy take off. Upwork has more sales now, but Fiverr has more recent growth.

Redfin ($RDFN) and Zillow ($ZG/$Z) – Disrupting traditional real estate agents with optionality to extract value in all aspects of the home buying/selling process.

Beyond Meat ($BYND) – Aggressively building distribution and brand for its plant-based meat (similarly impressed by Impossible Foods, but it’s private). The traditional meat industry is a trillion-dollar space.

Sam Walton: Made in America
[Autobiography of Wal-Mart's Founder]

- Creating Value for customers
- Being obsessed with Cost Control
- Taking care of employees
- Learning and Innovating
- Why stores Failed
- Sam’s Rules for Building a Business(Must Read)

A Thread 🧵👇

2/ Wal-Mart today is a $400B market-cap company with over $500B in revenues, $15B of net profits, and over $25B in operating cash flows. It also owns a majority stake in Flipkart, and thereby in Myntra and PhonePe.

3/ Develop Communication/People’s skill: “I learned early on that one of the secrets to campus leadership was the simplest thing of all, speak to people coming down the sidewalk before they speak to you.”

4/ Be obsessed with providing value to the customers, save them money by tightly controlling costs: On business trips, Sam Walton and his colleagues used to stay in one or two rooms, once 8 of them shared one room. Expenses were capped at 1% of the purchases.

5/ “We exist to provide value to our customers, which means that in addition to quality and service, we have to save them money. Every time Walmart spends one dollar foolishly, it comes right out of our customer’s pockets."

Yesterday, I contemplated life. I thought about how we make plans and wait for the stars to align before finally living. I thought about how we rarely enjoy the fruits of our labour because we learnt to manage while coming up. 🧵

Moving from a scarcity to a prosperity mindset is difficult. It's why we keep reserving things for visitors and keep waiting for vacations before resting. It's why we accept less than ideal love and learn to compromise the sacred.

So, yesterday I decided to do something about the restlessness in my spirit. Something symbolic.

I discovered I typically sleep on only one side of my bed. It's a habit I picked up because I prefer being near the door. I chose to sleep in the middle instead and to "spread out". To use my multiple pillows instead of one.

Rather than start the day in my study, I drank coffee on my balcony, as I gazed at the beautiful mango tree in this thread. I realised there are chairs I've never sat on in my home and so, I sat on them.

0/ We've highlighted FinTech infrastructure co's like BR, FIS, JKHY, MA, V, ICE, NDAQ, etc. as companies w/ a variety of moats that have led to dominant mkt share & outperformance despite being 50+ years old on avg.

$FISV had their investor day yesterday and laid out the why.

1/ $FISV highlights the fact that they have #1 market share in core accounting processing for $1-$50B FI’s; they are doing $1.0B in global e-Commerce revenue, and have more than $30B available for capital allocation over the next 5 years (read more M&A for FinTech co's)

2/ They have global reach with clients in more than 100 countries, more than 1,000 products & services, 10,000+ FI clients, & 6M merchant locations.

All while being #1 as a core account processor, merchant acquirer, bill pay, P2P payments, etc...

3/ This business model + market positioning has led to incredibly strong outperformance since inception ~35 years ago with cumulative $FISV shareholder returns of +42,171% vs. the $SPY at 3,327% & Nasdaq at 4,355%.

4/ $FISV has grown via a series of acquisitions over the past 30 years most recently the $22B tie up w/ First Data.

They highlight the progress on the deal & new goals post integration.

M&A is a skill & FISV has it financially; tech integration leaves something to be desired

The insights of the Austrian School of Economics will prove invaluable to investors navigating the distorted global economy of 2021.

This 18-tweet thread walks you through the definitive guide "Austrian School for Investors" by @scholarium_at, @RonStoeferle and @MarkValek.👇

1/ The roots of the Austrian School can be traced back to its founder Carl Menger, whose 1871 book Principles of Economics provided a new foundation for economic theory and solved the age-old "Paradox of Value".

From Menger's work we can derive 4 pillars of Austrian Investing.

2/ 1: The Subjective Theory of Value recognises that value is not determined by any inherent property of a good, nor by the amount of labor necessary to produce it, but by the importance an acting individual places on it for the achievement of their desired ends.

3/ 2: The Law of Diminishing Marginal Utility recognises that as more units of a homogenous good are acquired, the utility derived from each additional unit declines.

This wide-ranging insight helps explain important economic phenomena such as the historical emergence of money.

4/ 3: Methodological Individualism is the principle that economic phenomena result from the actions of individuals.

Collective magnitudes like “the people” cannot act, & therefore cannot be treated as ultimate causes.

Austrians are cautious in their use of economic aggregates.

1/ Thread on Bill Foley

Over the last ~40 yrs, Foley has been one of the most successful investor-operators

Using the public markets Foley has built, invested in, and driven the growth of 6 generational fintech companies

In some ways, he is the John Malone of Fintech/Software

2/ The Beginnings:

Foley began his as a lawyer in AZ, where he came across Fidelity National (FNF), which was an under-optimized title insurance co.

Title insurance was (still is) a fragmented and arcane industry

Foley saw an opportunity ripe for optimization & consolidation

3/ In 1984, Foley led a $21mm LBO of FNF and got to work

He ruthlessly optimized and professionalized the co. Under his leadership, FNF's title margins avg'd 300-500 bps better than its closest competitor

At the same time, FNF executed a massive roll-up strategy to mrkt-share

4/ Between 1984-2020, tiny FNF acquired 90+ companies and became the country's largest title insurance and settlement services co.

But that wasn't all...

Ever the multi-tasker, during this period Foley used FNF's regulatory capital to invest in generational fintech companies

5/ With the FNF's regulatory capital, Foley created companies that are now standalone public companies:

- Black Knight
- FIS
- Ceridian
- FNFV / Cannae

Running through the public information for @PlugIntoPaysafe $BFT.

I've leveraged available information from @Square $SQ, @NuveiTech $NVEI, and @Paypal $PYPL.

1/25

@MrZackMorris

After my first reading of the draft EU-UK trade and cooperation agreement, here is a short thread with some initial thoughts:

1) this is a massive and complex document, covering very diverse & highly specialist fields. No single person could ever plausibly claim properly to master/understand it. So I’ve focused on my own (“big picture”) interests. Not, eg the (in fact marginal) details of fishing quotas

2) Let’s start with how draft treaty is being framed by UK Gov & client press. They compare it to “no deal” & thus treat it as some sort of triumph. Well: even on own terms, that is far from accurate: for many sectors, draft treaty is barely better than no deal at all

3) But of course: such UK Gov framing of draft treaty = entirely if sadly typically misleading. Real comparison should be draft treaty versus what UK already enjoyed for 45 years as a Member State of the EU. And judged by that benchmark: Johnson’s proposed deal is truly pathetic

4) Draft treaty gives UK nothing it didn't already enjoy, in relations with EU, as a Member State in its own right. Eg Johnson boasts about “zero tariffs and zero quotas” – even though we had that already for decades and Brexit simply risked throwing even those basic things away

Finance Vs Economics.https://t.co/FknPKywifs business information.

Starting a house based enterprise and not using a business plan is suicide. Distribution is how you will get your product into the arms of your prospects.

Thread: Free Options Trading Course for Beginners with small capital.

Reference: Option trading marathon series, part 1 from Mr. Subasish Pani ft. @PushkarRThakur

Collaborated with @AdityaTodmal

1/ Trading journey of Mr. Pani

• He has an experience of 7 years.

• He has made a profit of Rs. 20 cr. over these years with a capital of Rs. 2 cr.

• However, it's not easy to make such profits.

• More difficult, is to retain those profits and build more on it.

2/ How he ventured to options selling

• He started with futures and option buying however after a certain point when his capital grew, he faced scalability issues and hence he resorted to options selling.

3/ Investing becomes imp once the capital grows:

• Since his trading profits have grown well, he has started investing (investing is always for LT).

• For folks who dnt have much info regarding investing can simply buy Nifty 50 stocks & keep rebalancing as Nifty 50 does.

4/ Covered calls strategy for the portfolio:

• Pledge the portfolio and receive margin ~80% which he would then use to sell OTM CEs of the stocks which are in his portfolio.

• This helps in generating fixed income from the portfolio.

1/ A primer on how I achieved end to end automation via algos.

First up, Why?

Trades execute the moment your setups trigger. No hesitating/panicking/worrying/overthinking when you need to take a new trade daily. That's why. Also, spend less screen time going fwd.

2/ How long for the whole process?

3 to 4 weeks for your easier/easiest strategies if you have some (bare minimum is enough) amount of coding experience. Even basic experience writing loops helps the process.

3/ Honestly tho, like seriously, can we do this in under 4 weeks? Yes, for simple strategies that don't use too many indicators. You can slowly build your other strategies later on once the simpler stuff is up and running.

4/ Costs involved:
- Zerodha API subscription (2k per month).
- Historical data subscription (2k per month). You can unsub after the first month if you don't need it.
- Udemy course (Price keeps changing but it's 490/- right now).
- AWS (Free tier for the first year)

5/ What language?

Python as it is relatively easy with a lot of inbuilt libraries. C++ is better and faster I'm told but it's not like you are running nanosecond HFT strategies with your peasant like retail capital.