Hike, Pause, Cut - The Irrelevant Investor (theirrelevantinvestor.com)
Stocks Aren't Going Down. Why? - The Irrelevant Investor (theirrelevantinvestor.com)
What Does the Market Think? - The Irrelevant Investor (theirrelevantinvestor.com)
Too Hot For Comfort - The Irrelevant Investor (theirrelevantinvestor.com)
Whose Fault is it Anyway - The Irrelevant Investor (theirrelevantinvestor.com)
Animal Spirits: Ready to Pop - The Irrelevant Investor (theirrelevantinvestor.com)
A Reverse Minsky Moment - The Irrelevant Investor (theirrelevantinvestor.com)
Fear Sets In - The Irrelevant Investor (theirrelevantinvestor.com)
Why So Bearish? - The Irrelevant Investor (theirrelevantinvestor.com)
Animal Spirits: Is the Stock Market Getting Ahead of Itself? - The Irrelevant Investor (theirrelevantinvestor.com)
Too Hot For Comfort - The Irrelevant Investor (theirrelevantinvestor.com)
Animal Spirits: When Money Becomes a Liability - The Irrelevant Investor (theirrelevantinvestor.com)
A Government Shutdown - The Irrelevant Investor (theirrelevantinvestor.com)
Animal Spirits: Ready to Pop - The Irrelevant Investor (theirrelevantinvestor.com)
Animal Spirits: What's the Negative Catalyst? - The Irrelevant Investor (theirrelevantinvestor.com)
Talk Your Book: What Makes an Index Fund Work - The Irrelevant Investor (theirrelevantinvestor.com)
The Narrative Vortex - The Irrelevant Investor (theirrelevantinvestor.com)
Is This a New Bull Market? - The Irrelevant Investor (theirrelevantinvestor.com)
No Recession - The Irrelevant Investor (theirrelevantinvestor.com)
Animal Spirits: Is the Stock Market Getting Ahead of Itself? - The Irrelevant Investor (theirrelevantinvestor.com)
10 Predictions For 2023 - The Irrelevant Investor (theirrelevantinvestor.com)
The Compound and Friends: We Just Might Pull This Off - The Irrelevant Investor (theirrelevantinvestor.com)
Consensus - The Irrelevant Investor (theirrelevantinvestor.com)
Animal Spirits: Buy the Dip is Dead - The Irrelevant Investor (theirrelevantinvestor.com)
Talk Your Book: What Makes an Index Fund Work - The Irrelevant Investor (theirrelevantinvestor.com)
No Recession - The Irrelevant Investor (theirrelevantinvestor.com)
10 Predictions For 2023 - The Irrelevant Investor (theirrelevantinvestor.com)
Consensus - The Irrelevant Investor (theirrelevantinvestor.com)
Animal Spirits: Buy the Dip is Dead - The Irrelevant Investor (theirrelevantinvestor.com)
The Compound and Friends: No Pivot! - The Irrelevant Investor (theirrelevantinvestor.com)
The Compound and Friends: The Day Inflation Broke - The Irrelevant Investor (theirrelevantinvestor.com)
Good News is Good News - The Irrelevant Investor (theirrelevantinvestor.com)
If you retweet a parody account, your account will be permanently suspended. (twitter.com)
The Fingerprints of History - The Irrelevant Investor (theirrelevantinvestor.com)
Revenge of the Dow - The Irrelevant Investor (theirrelevantinvestor.com)
Stocks Bottom First - The Irrelevant Investor (theirrelevantinvestor.com)
Good News is Good News - The Irrelevant Investor (theirrelevantinvestor.com)
If you retweet a parody account, your account will be permanently suspended. (twitter.com)
The Fingerprints of History - The Irrelevant Investor (theirrelevantinvestor.com)
Why the Bear Market - The Irrelevant Investor (theirrelevantinvestor.com)
Revenge of the Dow - The Irrelevant Investor (theirrelevantinvestor.com)
Bad News is Good News - The Irrelevant Investor (theirrelevantinvestor.com)
Was that the Bottom? - The Irrelevant Investor (theirrelevantinvestor.com)
This is a Hitchcock Horror - The Irrelevant Investor (theirrelevantinvestor.com)
The Down 80 Percent Club - The Irrelevant Investor (theirrelevantinvestor.com)
Washout - The Irrelevant Investor (theirrelevantinvestor.com)
This is Not 2008 - The Irrelevant Investor (theirrelevantinvestor.com)
A Very Tough Year - The Irrelevant Investor (theirrelevantinvestor.com)
Stocks Bottom First - The Irrelevant Investor (theirrelevantinvestor.com)
Stocks Bottom First - The Irrelevant Investor (theirrelevantinvestor.com)
The U.S. economy is exiting a recession. (twitter.com)
The U.S. economy is exiting a recession. (twitter.com)
The U.S. economy is exiting a recession. (twitter.com)
The U.S. economy is exiting a recession. (twitter.com)
The U.S. economy is exiting a recession. (twitter.com)
The U.S. economy is exiting a recession. (twitter.com)
The U.S. economy is exiting a recession. (twitter.com)
The U.S. economy is exiting a recession. (twitter.com)
The U.S. economy is exiting a recession. (twitter.com)
Retail trading volume at Coinbase in the second quarter was 1/4 as much as institutional trading volume, and yet retail transaction revenue was ~16x larger. (twitter.com)
If you bought Bitcoin any time in the last three months, there is a 42.069% chance it came from Tesla. (twitter.com)
Fossil had a $5.4 billion market cap before the Apple watch was released. It's below $400 million today. (twitter.com)
😬 (twitter.com)
On average, stocks bottom 116 days before the economy does (theirrelevantinvestor.com)
The platinum honors tier pays 4x the standard rate at Bank of America.
Savers, rejoice. (twitter.com)
Number of addresses with more than 1 Bitcoin at all-time highs. This one surprised me. (twitter.com)
Inflation is when things you buy go up and things you own go down. (twitter.com)
Whispers are the fed is doing a 0.75% rate hike tomorrow and cutting 20% of its workforce. (twitter.com)
The S&P 500 fell > 1% for each of the last three days. The last time it hit four in a row was December 2018.
The other times this happened, with the exception of 2008, was at or near bottoms. Past performance etc etc. (twitter.com)
Where Are We in the Cycle? (theirrelevantinvestor.com)
I’m 50% certain this is a bottom. (twitter.com)
It's been fifteen years since you could beat inflation with a savings account. (twitter.com)
If the Nasdaq-100 falls more than 0.8% today (-1.5% pre market), it will be in its largest drawdown going back to the Great Financial Crisis. (twitter.com)
They're even dumping the Apple of Pizza. (twitter.com)
Six stocks in the S&P 500 are up 100% or more over the past twelve months.
I'm sensing a theme here. (twitter.com)
1 SPY is still 1 SPY (twitter.com)
Amazon, Facebook, and Netflix are in their deepest drawdown of the last 10 years (twitter.com)
The average intra-year decline for the S&P 500 is 13.5%. That's right where we are today. (theirrelevantinvestor.com)
It's the worst start to the year for the S&P 500 going back to 1970. It's also the worst start to the year for bonds going back to 1990. 😬 (theirrelevantinvestor.com)
What do you call a stock that's down 90%?
A stock that was down 80% and then got cut in half.
I felt like that was just a cute quote that people said. But wow, here we are. (twitter.com)
If you could only buy 500 companies in one index fund and hold it for the next ten years, which would it be? (twitter.com)
Kendall Roy discloses a 10% position in Netflix. (twitter.com)
*TESLA 1Q EPS $2.86 VS. 39C Y/Y
*TESLA 1Q REV. $18.8B, EST. $17.92B
*TESLA TO BUY CALLAHAN AUTO PARTS FOR $420 MILLION (twitter.com)
90s movies hit different (twitter.com)
MicroStrategy holds ~$5.9 billion in Bitcoin. Its market cap is $5.3 billion. (twitter.com)
Sam Bankman-Fried has more money than Ray Dalio and is probably gonna pass Jim Simons.
He started FTX less than three years ago. (twitter.com)
This was an actual thing people did in the 90s (twitter.com)
I can't tell you how many emails we've received from young investors over the last two years asking about using leverage.
"If I have a long time horizon, why not?"
Because you don't know what it feels like to lose 50% in less than four months (twitter.com)
Textbook: "Stock splits have zero economic impact"
Market: (twitter.com)
We started Animal Spirits almost five years ago. My wife just listened to her first episode. (twitter.com)
Headline- "Warren Buffett just invested $1 billion in crypto"
Actual story- "Buffett’s company had purchased $1 billion in shares of Nubank, a digital bank based in Brazil, and the largest of its kind in Latin America." (twitter.com)
Here's something (twitter.com)
Largest market cap decline ever, by a lot (twitter.com)
Hell of a way to start a book (twitter.com)
The last time Microsoft had 20% revenue growth for three straight Qs was 1999, when its revenue was 1/10th of what it is today.
Tech giants are rewriting the rules (theirrelevantinvestor.com)
PowerPoint should be a $50 trillion company 😂 (twitter.com)
We can't ignore the noise, but we can put it into context (theirrelevantinvestor.com)
My girl (twitter.com)
Real yields are spiking to -0.6%. Finally, savers catch a break. (twitter.com)
We're at the Henry Blodget part of the cycle (twitter.com)
With inflation running at the highest levels in 40 years, bitcoin is in a 45% drawdown. (theirrelevantinvestor.com)
Netflix is $420 in the after hours.
It was $423 in June 2018. (twitter.com)
There’s a lot of billionaires that are about to become 800 millionaires. (twitter.com)
We'll know we're at the bottom when prices stop going down and start going up. (twitter.com)
Series A money raised:
Facebook $13M (2005)
Twitter $5M (2007)
Square $10M (2009)
Airbnb $7M (2010)
Uber $11M (2011)
Stripe $18M (2012)
Coinbase $6M (2013)
Robinhood $13M (2014)
Binance $10M (2017)
Bakkt $182M (2018)
Solana $20M (2019)
Gemini $400M (2021) (twitter.com)
Topps is being acquired for $500 million.
A friend's dad bought IPOs in the 70s and 80s and never sold the winners. The family is still holding Microsoft, Apple, Adobe, and others.
Here are the Topps shares he bought at the IPO in 1972. (twitter.com)
Feels kinda early for tax-loss harvesting (twitter.com)
Tell me you’re a tech visionary without telling me you’re a tech visionary (twitter.com)
You either die a hero, or you live long enough to see yourself become a value stock. (twitter.com)
Just right-clicked and saved myself 399 quadrillion dollars. (twitter.com)
Explain DeFi in less than 30 seconds (twitter.com)
I always forget, is contango when the gas fees are above or below what you're trying to buy? (twitter.com)
I had to read this. Now you do too. (twitter.com)
A cautionary tale because all people see are the winners.
A buyer paid 8.5 ETH for this Loot. Now asking for 2.65. (twitter.com)
$55 for a $200 ticket.
This makes gas fees look cheap. (twitter.com)
We the people (twitter.com)
Can someone please explain to me why Berkshire still has a larger market cap than Rivian? (twitter.com)
Just clicked on a scam on Discord and my MetaMask wallet was wiped clean. Nice way to head into the weekend.
I'm NGMI (twitter.com)
Gas to fill up an SUV: $75
Gas to buy an NFT: $150 (twitter.com)
Markets are efficient (twitter.com)
The 8 biggest stocks in the S&P 500 have a market cap of $11.7 trillion.
That's as much as the combined market cap of the bottom 394 companies in the index. (twitter.com)
Nothing to almost $20 billion in under 5 months.
Shiba is a joke on a joke
Crypto is the fastest wealth creation of all time. (twitter.com)
If Jack’s right, 1 cup of coffee will soon cost $317,000. But 1 Bitcoin will always be worth 1 Bitcoin. (twitter.com)
JPMorgan fixes this (twitter.com)
This dude is insane (twitter.com)
NFTs are show and tell for grownups who are still children. (twitter.com)
I'm retired (twitter.com)
There have been 736 turnaround Tuesdays since 1990. Every single one of them happened on a Tuesday. (twitter.com)
Wall Street strategists warn of more upside ahead. (twitter.com)
The average person says “today’s the nicest day of the year” 37 times a year. (twitter.com)
Thinking you’re late to crypto is like thinking you’re late to the internet in December 1999. (twitter.com)
"I'm 70...I have $6 million in investments and a $1 million mortgage-free house. No debt...I can't spend money without feelings of anxiety. It's really painful." (theirrelevantinvestor.com)
💔 (twitter.com)
I’m getting paid a 1.3% yield to stake my SPY at Schwab. (twitter.com)
Just found this in my car. It’s probably nothing. (twitter.com)
The Fed needs to cut gas rates. (twitter.com)
Las Vegas Sands is getting removed from the S&P 500. It will be replaced by Chromie Squiggle #2172 (twitter.com)
Ben and I went over all the job interviews I had circa 2010.
Here's an actual email I sent to a hiring manager. I couldn't read it without dying so I had Ben do the honors. (www.youtube.com)
Ahh, simpler times. (twitter.com)
There are only 25 EtherTopazRock. I own one of them.
Tres comas, here I come. (twitter.com)
Ether Rocks -Pet Rocks on the Blockchain
100 made, 21 available for sale. The highest ask is 303,030 ETH ($960 million).
Of the other 20, the avg asking price is 1,200 ETH, or $3.8 million.
The cheapest is 265 ETHm or $840k. (twitter.com)
Me two years ago:
"I can't believe I'm going to pay off my mortgage in 13 years. This is incredible."
Me today:
"I'm never paying off my mortgage." (theirrelevantinvestor.com)
Can’t believe my kid does this. Huge red flag. (twitter.com)
Meet the 97-year-old entrepreneur interested in cryptocurrency. (twitter.com)
ARKK made $115 million in Robinhood today. (twitter.com)
Just got an email that ended with "decisively yours" (twitter.com)
Inflation has never been this high, with bond yields this low. (theirrelevantinvestor.com)
Bitcoin is approaching have fun staying poor levels. (twitter.com)
I’ll buy the next pullback. (twitter.com)
Walmart market cap: $397 billion
Microsoft YTD market cap increase: $441 billion (twitter.com)
The S&P 500 is now up 100% from its March 2020 lows. (twitter.com)
60,000 people have a net worth north of $100 million (theirrelevantinvestor.com)
We’re not talking about the biggest risk to the market because risk never tips its hand.
It’s not inflation or COVID or anything else on our radar. (twitter.com)
This dad is going places (twitter.com)
Bitcoin is down more than 50% from its highs. This could never happen in the stock market. (twitter.com)
Blink (theirrelevantinvestor.com)
If you make coffee at home for the next 100 years, you might be able to afford 1 Bitcoin. (twitter.com)
If the Fed would have just let the economy enter a Great Depression, consumer prices wouldn’t be rising. (twitter.com)
Am I diversified? (twitter.com)
AMC told investors, and I'm paraphrasing here, "We're selling stock, but you definitely shouldn't buy it."
Let's see if they listen. (theirrelevantinvestor.com)
We're at the point of the cycle where companies start adding "multi-cinema" to their name. (twitter.com)
The biggest stock in the Russell 2000 VALUE index is...GameStop (twitter.com)
I know one has absolutely nothing to do with the others, but just to show the magnitude of this move:
AMC is up 63x YTD
Amazon is 60x over the last 14 years
Berkshire Hathaway is up 61x over the last 30 years. (twitter.com)
"Why does Elon Musk have this superpower of getting big government incentives and we don't?"
From a Bezos email in 2017 after learning that Tesla's Gigafactory earned 13x more in tax incentives per job than Amazon received from a Prime Air hub in Cincinnati.
Via Amazon Unbound (twitter.com)
Ladies and gentlemen, the weekend. (twitter.com)
This is your last chance to buy the Bitcoin dip until the next Bitcoin dip. (twitter.com)
It’s been a minute (twitter.com)
The best-performing investments come with excruciating amounts of volatility.
But enduring pain doesn't guarantee anything.
Investments that fall and never recover also hurt like hell. (twitter.com)
Sunday bloody Sunday (twitter.com)
What Bitcoin looked like when it first hit $36k and what it looks like today. (twitter.com)
Pay me in dollars. (twitter.com)
The last 24 hours have been rough for Crypto (twitter.com)
Consumer prices, up 3%.
Low end wages, up 15%.
Billionaire saying that inflation hurts people without money, priceless. (twitter.com)
My Robinhood portfolio is at a critical juncture (twitter.com)
"Every crash in history was a buying opportunity," he said to himself, with the market 2% off its all-time high. (twitter.com)
Nature is healing (twitter.com)
Year 2 of a recovery is usually tough.
Great charts from @allstarcharts (www.youtube.com)
Starting to think 90x sales is not a fair price for a company. (twitter.com)
The iPad did more revenue last quarter than Netflix. (theirrelevantinvestor.com)
What do you do when someone you respect says something you disagree with? (theirrelevantinvestor.com)
Munger is worth $2 billion.
Buffett is worth $105 billion.
Time for Warren to find a new friend. (twitter.com)
Buffett says "I don't think the average person can pick stocks."
Robinhood traders: (twitter.com)
Berkshire has $145,600,000,000 in cash.
$0 in Bitcoin. (twitter.com)
The best way to think about contango versus backwardation is to just guess. You have a 50/50 chance of getting it right. (twitter.com)
This ends in tears (twitter.com)
Back (twitter.com)
James is just jealous because I’m bald and he’s not (twitter.com)
This is super bullish for stocks. Jack up rates and people will never sell.
Biden creating a nation of Diamond hands. (twitter.com)
We're in this part of the cycle:
"Hi bro, if you want to make consistent money, this group I'm in buys low price cryptocurrencies collectively at the same time making the price EXPLODE! (up to 3000% gain!) You can then sell the coin for a huge profit after a few seconds" (twitter.com)
My order history with Amazon is a great way to visualize their dominance. (theirrelevantinvestor.com)
Apples and oranges, but just for context:
S&P 500 TR since 1990: 2,250%
Dogecoin YTD: 7,200% (twitter.com)
Coinbase was founded in 2012.
Everything seems like an overnight success story from the outside looking in. (twitter.com)
Coinbase is absurd. For $400 I could buy one share of Apple, Twitter, Disney, and still have enough money left for a turkey sandwich. (twitter.com)
Just had a digital bacon egg and cheese on brioche. (twitter.com)
How dumping all of your tuition money into Bitcoin started, and how that's going. (twitter.com)
How it started. How it's going.
An update on my Top Shot experience (theirrelevantinvestor.com)
Bear markets suck (theirrelevantinvestor.com)
This is your brain without coffee (twitter.com)
Relax everybody, the lowest oil can go is -$37 (twitter.com)
If you lend the government money today, they’ll give you 2.5% per year and return all of your money in 2051.
Almost sounds too good to be true. (twitter.com)
Bitcoin outperforming Apple by 300% today. (twitter.com)
For 3 straight years, the Department of Defense has had a budget of $700 billion.
But $1,400 checks are going to bankrupt us. (twitter.com)
GameStop just fell 40% in 15 minutes.
If you don't think this could happen to the S&P 500, you're right. (twitter.com)
Inflation is below 2% (twitter.com)
Turns out Bitcoin is more correlated with the Dow than with tech stocks.
Updating my model. (twitter.com)
The most ambitious crossover ever. (twitter.com)
These retirement savings tables usually go over well. (twitter.com)
The Most Important Chart of the Decade (theirrelevantinvestor.com)
I woke up at 6:45 this morning. My kids got up at 7, or 3.5% later. (twitter.com)
My wife is quitting her job to become a Top Shot trader (www.ft.com)
Trying to charge me millions of dollars to mail an envelope.
And they say there is no inflation. (twitter.com)
There's only inflation in things we spend money on. Otherwise, nothing. (twitter.com)
I've never seen a book start like this:
"Many business books begin with a tacit promise: 'Let me tell you how to be like me: an unmitigated success!' Clearly, I couldn't say that."
From Hot Seat, by Jeff Immelt (twitter.com)
"Charlie Munger doesn't get it."
-Nicholas, 22, owner of .19 shares of Tesla (twitter.com)
An Elon Musk Pay Pal rookie card just sold for $4.2 million. (twitter.com)
The S&P 500 has been within 5% of its all-time high for 4 straight months.
To say that this pullback is normal and needed is an understatement. (twitter.com)
The S&P 500 is crashing right now thanks to Tesla, which is responsible for 0.12% of its 0.44% decline. (twitter.com)
This is rich (twitter.com)
On the one hand, stocks are looking pricey here.
And on the other hand, there can only be a maximum amount of companies in the S&P 500 at any given time.
Supply is finite. Demand is infinite. (twitter.com)
Gonna tell my kids this was a bear market. (twitter.com)
Selling 100,000 tokens for $75 a piece. They’re non-fungible.
DM if interested. (twitter.com)
Markets Are Always Changing (theirrelevantinvestor.com)
Warren Buffett has a net worth of $90 billion.
100% of that came after his seventh birthday. (twitter.com)
Can’t wait to see this place when junk bonds yields go negative. (twitter.com)
SPACs have been very lucrative for the sponsor.
"The average SPAC sponsor return less concessions, forfeiture and vesting over the last two years was 648%."
From Michael Cembalest at JPM (twitter.com)
Netflix is already in talks to make a movie about the events over the past week.
So is Amazon. So is HBO. So is CBS. So is Hulu. So is USA. And AMC networks. And Disney. And Turner. And CSPAN. (twitter.com)
The bottom 50% of Americans own 1% of the stock market.
The events of this week are about this as much as anything else. (twitter.com)
You can still trade GameStop at Lehman (twitter.com)
GameStop maximalists (twitter.com)
It’s pretty incredible to watch the evolution of “the party’s gonna end soon” to “the party’s just getting started.” (twitter.com)
This has gone too far. GameStop is now worth almost 6% as much as Elon Musk. (twitter.com)
Watching coaches kick field goals makes me understand how WSB feels watching people hold index funds. (twitter.com)
GameStop is up another 17% pre-market. (twitter.com)
$200 billion in free cash flow, growing 21% year over year.
Unbelievable (twitter.com)
Sentiment check (twitter.com)
You always hear about the person who paid 10,000 Bitcoin for a couple of pizzas. What about the person on the other side of that transaction?
Those coins are now worth almost $400 million. (twitter.com)
Large stocks are trading like penny stocks.
DoorDash is up 50% in 5 days.
Its market cap just passed FedEx. (twitter.com)
The stock market isn't in a bubble, but it might be causing them.
This one hurt my brain a little (theirrelevantinvestor.com)
Bulls make money, pigs make money, bears get slaughtered.
(I know this won't age well) (twitter.com)
Tesla is close to passing Facebook.
👀 (twitter.com)
I just got a bagel with cream cheese for $3.50.
Unbelievable. I remember when the dollar used to mean something. (twitter.com)
Crazy to think that the lows in March might never be seen again.
The Nasdaq-100 would have to fall 47% to get back there.
The Russell 2000 would have to fall 51%. (twitter.com)
This is what happens with interest rates at zero. We’ve seen this movie before.
Chart from @fbgchase (twitter.com)