Elon Musk explains how anyone can learn to be innovative
“I think it’s possible to learn to be innovative. A lot of times for any given thing, you have to say, ‘Did you try?’ This may sound obvious, but actually try. Somebody might wonder, ‘Can I be innovative?’ Well, have you…
ROIC > WACC for value creation
Measure using EVA (Economic Value Added)
EVA = NOPAT - (IC × WACC)
Where:
NOPAT = Net Operating Profit After Taxes
IC = Invested Capital
WACC = Weighted Average Cost of Capital
$MSFT example:
MSFT EVA = $71.8B - ($290.7B x 10%) = $42.7B
The…
"Without passion, you don't have energy. Without energy, you have nothing."
— Warren Buffett
"The earlier you find your passion, the better—because it won’t seem like a chore to follow your dream, and you’ll outwork everyone in the process."
— Todd Combs
Charlie Munger: "If you're not willing to react with equanimity to a market price decline of 50% two or three times a century, you're not fit to be a common shareholder — and you deserve the mediocre result you are going to get." 🔥
Warren Buffett: "There have got to be consequences to the people who make the decisions."
"Anybody who is CEO of a bank that screws up and costs shareholders a lot of money [should] get no pension from the bank. They go back to living like a person who works on the production…
Lately, been reminding myself of this…
I can’t control the outputs.
Revenue. Followers. Growth.
What I can control are inputs: One cool feature. One helpful tweet. One new user call.
Focus on the work, not the scoreboard.
The results will follow.
I've seen the headlines about Buffett's "big mistake" in buying Kraft. The *actual* record isn't that terrible. IRR of almost 6% is more of an opportunity cost loss than a major blunder. Berkshire paid $9.8 billion, collected $6.3 billion in dividends, AND still has an asset…
45K Followers 5K FollowingAuthor, "RICHER, WISER, HAPPIER: How the World's Greatest Investors Win in Markets & Life" (https://t.co/7842Q0Vv1B). Host of the Richer, Wiser, Happier podcast.
273 Followers 3K Followingequity investor, real estate entrepreneur, ex IB. breaking news & all things stocks, real estate, sports, tech. interviews w/ top investors & business leaders
297 Followers 844 FollowingNo matter what difficulties we encounter, we must keep our original intention and do our best, believing that time will always give us the best rewards
92 Followers 978 FollowingContrarian stoic trader and long term investor | 2013 | drive: Philosophy & Psychology | Tweets are purely for entertainment purposes and not investment advice
45K Followers 5K FollowingAuthor, "RICHER, WISER, HAPPIER: How the World's Greatest Investors Win in Markets & Life" (https://t.co/7842Q0Vv1B). Host of the Richer, Wiser, Happier podcast.
121K Followers 1K FollowingNothing here is advice. Drop the phone and slowly back away from the Twitter. Read a 10-K. It’s a profession, not a business. Disclosure: https://t.co/Sv6Y5YsrBq
67K Followers 2K FollowingPM, Acquirers Funds® https://t.co/rjHtXEPHly. Author, The Acquirer's Multiple (https://t.co/84Cyi4G7dv) and Deep Value (https://t.co/5dE6nGGNCJ).
990K Followers 570 FollowingOfficial X account for The Kobeissi Letter, an industry leading commentary on the global capital markets. Email us: [email protected]
424 Followers 3K Following“Extreme patience combined with extreme decisiveness. You may call that our investment process. Yes, it's that simple.”
— Charlie Munger
25K Followers 470 FollowingA community that amplifies insights from top investors, backed by the performance and portfolio in their linked brokerage accounts.
7K Followers 461 FollowingPracticing capital allocator: https://t.co/MgKsXLhjmS;
Author of book on $BRKA $BRKB $BRK (https://t.co/bxZUjSa83a);
https://t.co/5jtHhXvlKF
Not investment advice
18K Followers 406 FollowingManaging Partner, Aravt Global. no investment advice. opinions mine. Hunter of global monopoly and oligopoly growth businesses.