Tweeter’s Digest (September 30, 2018)
✨✨ A Twitter weekly recap for those who don’t check Twitter ✨✨
Topics include startups, investing, entrepreneurship, and ideas.
Articles / podcasts:
Value investor Howard Marks’ interview with Tim Ferriss provides a nice peak into the difference between growth investing and value investing. Link. Highlights include:
- “Price is everything in value investing. It’s now what you buy, it’s what price you buy it for. The things everyone feels good about is at a high price, while the things everyone feels bad about is at a low price. We make money from favorable surprises”. On there other hand, growth investing is optimistic and “looks for brilliant futures”
- Bull market has 3 phases: (1) A few insightful people believe there can be improvement (2) Most people recognize improvement is taking place (3) Everyone and his brother believes things will be better forever
- We’re in the 10th year of a bull market. There has never been a bull cycle more than 10 years. Marks believes we’re in the 8th inning.
- The future has a distribution of probabilities. You will be wrong once in a while.
- Most people can’t live in the short run with risk. “If you put your money in the stock market, 20 years from now you’ll be fine, but what about a year from now?”. Similarly, scared money never wins.
- “History does not repeat itself but it does rhyme” — Mark Twain. Study history with a grain of salt.
Interview with CEO of Shopify Tobi Lütke (Link). He wants to make entrepreneurship accessible in an era when a growing number of people want to become entrepreneurs, stating that “We want to make it so simple to partake in entrepreneurship, to add your own voice to what’s going on in the world, and so, we wanna lower the bar, lower the learning curve, make it something that almost everyone can do.” I’m a big fan of Shopify as it has become the default e-commerce platform. Everyone I know who uses it loves it. Tobi is systems thinker who holds fiercely independent opinions.
Five Forces Changing the Food Industry by James Joaquin (Link). The forces are:
- (1) Accessible: natural and organic sales are now sold more through conventional retailers than the natural channel
- (2) Organic: natural and organic sales have doubled to $100Bn since 2012
- (3) Plant-based foods: planted based meat like Beyond Burger growing 12x faster than animal meat
- (4) Local: 8,600 farmers markets now in US
- (5) Fresh: Avg. shelf space of fresh food taking share from shelf-stable food
Venture firm NFX has put together an excellent fundraising advice video series. Link.
Weekend thought:
Every piece of content referenced this week’s newsletter was not produced by a traditional media company. As this trend continues, how will the media companies compete long term as user-generated content accelerates?
Crossword results:
Shout out to the 3 people who completed last week’s crossword puzzle: Kim Chang, Wisam Abdulla 🦁, and Will Quartner!
Answers below:
Crossword #2 coming soon :)
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Check out newsletter edition 1, 2, 3, 4, 5, 6 , 7, 8, and 9.
