doctors have the weirdest guild. med school is more cutthroat than ibanking, then they go through a sorority match, are exploited as cheap labor in a training system designed by a cokehead, and the reward is being a highly paid amazon warehouse worker but for insurance companies

heard that an analyst at p72 missed an earnings print and stevie got pete alonzo to bash his skull in with a bat

The Peter Lynch Playbook:

Who wants to see the list of 100 top paid people on wall street exactly 30 years ago to the week!

Luxury brands Hermès and $LVMH are defying all this talk of a recession to grow at double digits across all business segments:

PINNED THREAD. This is roughly 1/3 of my foundational content. So stay tuned for more (or block me if your sick of this crap...)

Our young analyst, Angus O’Quinn (50x “smarter” than I was at his age) created an updated $MC LVMH universe map. Enjoy! cc: Compounding Quality

In an O’Shaughnessy Asset Management’s blog ( Jim O'Shaughnessy ) , they mention that there are 2 advantages of active stock management. The first is active stock selection, and the second is active stock elimination. The latter doesn’t really get much attention.

I spent the past few days talking to 10 billionaires. I asked them what's the most important rule for making your first $100m. All of their answers had one thing in common:

MANAGEMENT MEETING MANUAL ✔️ It's really one of the most bizarre rituals on the buy-side. The still wet behind the ears, 23 year old buy-side junior interrogating the 55 year old titan of industry on business strategy. One of my first assignments on the buy-side was to fly

Higher margins aren't ideal if a higher ROIC could be achieved with lower margin. What matters is return on incremental capital. Gross margin isn't most important; it's gross profit dollars earned on each dollar invested. I like this thinking and the example from $HD

This is so true. Process / deal vs value.

Funny but still hard to watch the rug-pull of a junior analyst earnestly going into public markets for "intellectual stimulation" and "deep fundamental research"...only to discover the job is all calling quarters and factors.

How to find new investments? 🧵 Some hedge fund letters offer really fertile 💰💰💰 hunting grounds and are in the public domain. 👇A list of 20 funds with in-depth stock pitches in their letters 👇 I scan these regularly and have made a handful of lucrative picks already.

“I work in growth equity” bro you work in a call center 😭😭😭😭😭😭😭😭😭😭😭😭😭

2024 fundraising: ——— VC: Can you grow revenue while cutting costs? Founder: What? VC: Can you. Grow revenue. While cutting costs? Founder: I don’t know. I couldn’t say VC: Yes you can. You’ve had 42 years to think about it. And now it's here. Now you have to say

Some people I love very much got heartbreaking news today Thinking of the best advice I’ve ever received, from my old man: “The only thing that matters in life is being there for the people you love in their moment of need. Everything else is noise”

Tucker Carlson goes grocery shopping in Russia and compares the prices between the USA and Russia. 🔊