1/ Thread: My twitter philosophy I have been active on fintwit for almost a year and half now. When I decided to get out of my lurking phase, I could never imagine this account could ever become such a huge part in my life. Let me share my philosophy for building this account.

Like clockwork, $SHW's outperformance vs $PPG continues.

#NewProfilePic (新個人資料照片)

"As in so much of tech, your incentive is to spend as fast as humanly possible if you're likely to be the winner, and to pivot to cutting costs if you expect to lose, or think that winning will take longer than the rest of the industry recognizes. That seems to be the meta-bet

really fascinating piece by Byrne Hobart thediff.co/archive/metas-…

This is a terrific piece that I deeply agree with. I used to be worried about EU's power to impose business model changes on big tech. I have come to the conclusion that EU has SO massively overplayed their hand that we are closer to the end of EU regulators' influence.

highly recommend this piece by John Loeber 🎢: loeber.substack.com/p/20-no-more-e…

While the meme of “nobody uses Facebook” sort of evolved to “only old people use Facebook”, $META reminded us that it’s just another urban myth. Full piece below.

Read the piece here: mbi-deepdives.com/meta2q24/

Some notes from the follow-up call: "as we continue to get better at driving conversions for advertisers, that will have the effect of lifting price per impression over time because we're delivering more conversions per impression served"

Updated my data on $META buyback. What's crazy is Meta is currently making almost high teen IRR on its 2021 buybacks which was considered downright crazy capital allocation not so long ago. Maybe I shouldn't have been as harsh as I was on Wehner lol.

I will cover $AMZN earnings tonight. Subscribe here mbi-deepdives.com

Almost everyone on fintwit absolutely castigated $META management for those 2021 buybacks, including yours truly. Live and learn. I apologize. 😅

In all seriousness, it's personally such a teachable moment for me. What percentage of active investors beat Meta management over the last three years? Probably less than 10%, and yet we were almost all SO confident in our judgement that Meta made a horrendous mess on their

Switzerland 🇨🇭

Beautiful place

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