Semi’s Investing Resources for Newbies: A Thread 🧵 📈Like some of you, earlier this year I was kindly asked by my PM to expand coverage further in TMT into Semiconductors. Probably to my own fault, I was always so focused on my core sector, that I had zero idea how Semis value

Calvin on timing...

“To get rich you need to get yourself in a situation with two things, measurement and leverage. You need to be in a position where your performance can be measured, or there is no way to get paid more by doing more. And you have to have leverage, in the sense that the decisions

Thread on fundamental L/S analyst "tips and tricks," potential sources of edge & pockets of alpha, sustainable & AI-resistant areas where one can hope to pull dollars out of the mkt...unit economics/modeling, primary rsch, and translating qualitative input to quantitative output.

Strong agree. The best PM I've worked (and continue to work) for is the most self aware person I've met. (even if he disagrees with me on this) Constantly reminds me that there's enough numbers in the excel we don't have any clue about. A Ctrl+R on excel doesn't make a thesis.

Men ages 18 to 25 should NOT be “financially comfy.” They should not “play it safe” or “index and chill.” They should go way off the reservation, buy garbage stocks, read 10-Ks until 3 AM, lose money, and get humbled by Mr. Market. The best deep value investors I know all went

Roll forward of multiples to following year without reducing the multiple is the single most dishonest practice in equity research.

People underestimate just how much luck plays a role in the career path you ultimately fall down Lets take an example as simple as what deals you get staffed on as a junior investment banker. This is something given to you by a staffer and you, typically, have no control over

There is only one truth in the market, and that can be summarized in this meme.

nobody is atheist at 50x leverage

x.com/i/article/1998…

Ro Khanna Chamath Palihapitiya why not just raise income tax rates? because your real intent is not to just “provide healthcare”. you’re masking that you are proposing the creation of, for the first time in the 250 years of this American republic, an organized government seizure of private property from

A 20% drawdown is a test of conviction, a 50% drawdown is a mistake.

Facts below (1/5): In 2025, average earnings per hour (EPH), excluding tips, for a delivery partner on Zomato were ₹102. In 2024, this number was ₹92. That’s a ~10.9% year-on-year increase. Over a longer horizon also, EPH has shown steady growth. Most delivery partners work

Thanks for putting out these details in Public Deepinder Goyal I can testify to the fact that discussions on delivery partner welfare and fair compensation occupy a significant percentage of the time in Board meetings. The management and the board are bothered about these. Now the

Atlas Shrugged should be mandatory reading in high school.

As a young student in investing, what I've seen in the last 72 hrs from Deepinder Goyal, Akshant Goyal, and Zomato team on twt is a masterclass in what *really great* corporate governance truly looks like - data backed, empathetic but still firm, and transparent. Absolute respect!

If you ever have to pick up the red book, make sure it is this one.

It's just money. It's made up. open.substack.com/pub/irrational…