43. Stock ownership doesn’t necessarily represent partial business ownership in any realistic sense. He who has the gold makes the rules.
-
Show this thread
-
44. Not every company is even trying to become more competitive over time. Many exist only to provide sinecures to their agent operators. There’s money to be made in companies that bother to care.
3 replies 18 retweets 104 likesShow this thread -
45. Massive presentations about a new position are massive not because that much information is relevant, but because it looks more convincing and shows people you “did your homework” Using research as marketing. Very smart.
1 reply 14 retweets 116 likesShow this thread -
46. The best players in bad industries are worth investigating. If economics are so poor most companies can’t make money, you MAY not have to deal with new players boosting industry capacity. Top dog’s scale can let it wring out profits surrounded by a moat of broken glass.
2 replies 11 retweets 132 likesShow this thread -
47. Real estate has some unique advantages in terms of leverage and taxes, but also has unique problems. If you don’t manage it yourself, you’re subject to an agency problem with expense pass throughs. If you do manage it yourself, you’ve bought a part time job.
2 replies 12 retweets 124 likesShow this thread -
48. The Greater Fool Theory is something to be cherished, not maligned. Playing it opens up a whole new world of opportunities where psychology is a competitive advantage. But if you never try, you’ll never get better.
2 replies 6 retweets 82 likesShow this thread -
49.
$GOOG and$FB have faced a lot of criticism about their ads not working. Not a new problem. Most ads either don’t work or are hard to measure and advertising agencies have been feasting on that opacity for decades. Only when their lunch was eaten did they start crying foul.2 replies 10 retweets 99 likesShow this thread -
50. There is a misunderstanding that advertising returns could not be measured before big tech came along and provided a treasure trove of data. This is false. Keyed ads have been a thing in direct response advertising since before Silicon Valley was even an idea.
2 replies 4 retweets 48 likesShow this thread -
Halfway there. Even fifty is hard without relying on basic bitch truisms! Time for a lunch break! Thanks to everyone who has enjoyed and shared my thread so far.
4 replies 0 retweets 71 likesShow this thread -
Loading seems to be taking a while.
Twitter may be over capacity or experiencing a momentary hiccup. Try again or visit Twitter Status for more information.
