Etsy: Skinny Dipping with Mask Money
Etsy took advantage of the pandemic. Well, really Etsy did nothing. Etsy’s network however went to work, quickly. Its the beauty of decentralization. In Q2, 112k sellers had a mask sale. The scale and speed ...
Facebook and Karma
Does Facebook make the world a worse place? I’ve been thinking a lot about off balance sheet liabilities lately (aka an extremely large negative externality). Essentially, this is a fancy financial way of saying karma. ...
Long $CULTS – On Peloton
Peloton makes no sense to me. The business model is boring, essentially a hardware company pretending to be SaaS. You pay $2k+ for an exercise bike, then even more to stream the classes. It’s stupid ...
Bitcoin and Trust
I’ve noticed people claiming that Bitcoin has a fatal flaw. The flaw will prevent it from being a reserve asset and ultimately lead to its downfall. The reality though, is that this isn’t a fatal ...
Amazon: Turning Weaknesses into Revenue
I bought Amazon for the first time. I’m not sure why I never bought before. If anyone asked me what my favorite stock was, I would say Spotify or Amazon. I own $30k of Spotify ...
A Changing World: Trust and Education
Airbnb disrupted the hotel business. Uber disrupted the taxi business. The beauty of these companies is that they did this all with minimal capital investment. Airbnb and Uber didn’t own the rental properties or the ...
Zillow: On the Vanguard
Zillow is a different kind of investment. I don’t think they quite know what they are doing. That happens when you are on the vanguard. Zillow Offers on the surface is stupid. Volatile inventory within ...
Elevator Pitches for my Top Investments
“As simple as possible, but no simpler” – Einstein These are my elevator pitches for my investments. Short and simple because ain’t nobody got the time. $SPOT – Spotify ($28k) Revolutionized music industry, but margins ...
Investing in the Future because of the Past
When reviewing companies with the highest market caps, you see some major commonalities. Initially, I group the top companies into two groups: tech with great financials and dopamine stocks, but the lines are blurry. The ...
My Investing Strategy
Below is a high level overview of my investing strategy. Look at marginal costs Scale is important Any companies that have a high fixed cost and low marginal cost intrigues me Companies scale now easier ...