Eric Santa
@EricSanta98
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Investments & Economics. What’s obvious is obviously wrong
London, England
Joined December 2022
En los próximos años quiero encontrar el tiempo para sentarme, reflexionar y escribir sobre cómo ha sido mi experiencia en Londres desde que llegué en 2020 como aupair. Cinco años después, he conseguido el trabajo de mis sueños. Mirando hacia atrás y uniendo los puntos, diría
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imho, if your $1B+ net worth was achieved through a successful business, then you have already served the human race more impactfuly than the 99.9999% of all humans who have ever lived. and far, far more than all the petty grandstanders.
imho, when you hit $1B+ net worth, you are morally obligated to serve the human race
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I was at a party recently and I had someone tell me that Elon is not even that smart. All his companies survived because of massive government subsidies and he only started The Boring Company to destroy traffic in LA. Remember these people also operate in the markets.
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Peter Thiel: If you graduated in 1970 with no student debt, compare that to the millennial experience: too many people go to college, they don’t learn anything, and they end up with incredibly burdensome debt. Student debt is a version of this generational conflict that I’ve
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I just wish we had some evidence from previous examples that prove whether socialism works or not.
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Charlie Munger literally revealed the secret to winning the game of life:
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The problem isn’t entrepreneurs with millions or even billions of personal funds at their disposal. The problem is politicians with trillions of public funds at their disposal.
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Can’t stop thinking about this home in Mallorca with a sunken tennis court
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When Charlie Munger was in 30s -his wife divorced him, took his house -he went bankrupt -his 9YO son died of lukemia in his arm -he lost an eye, docs removed his eye w/o anesthesia -he lived in a dingy apartment and drove a run down car. Yet, he didn’t let hardship define his
The past nine years feels entirely wasted tbh. I was 23. This year I turned 32. No job. No wife. No kids. No generational wealth like I promised myself, that it would all be worth it. I just fumbled my 20s chasing imaginary numbers on the internet. WTF
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Republicans beat Democrats: NY vs Texas. NY in 1990 was a trillion dollar economy and Texas $600bn. Now Texas $2.2 trillion and NY $1.8 trillion. Economic freedom delivers better results. And New Yorkers are about to elect a socialist. Explain.
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Charlie Munger approached human misjudgment better and more deeply than most psychologists. Here are his 25 psychological tendencies that cause us to make terrible decisions: 1. Reward and Punishment Superresponse Tendency People respond intensely to incentives, both positive
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$ROP -7%. The earnings call is an absolute masterclass. Very similar operating model to $CSU (albeit capital allocation is centralised).
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TAIWAN SEMICONDUCTOR $TSM DROPPED A VIDEO FROM ITS ARIZONA FAB SHOWING THE ASML $ASML EUV MACHINES PRINTING NEXT-GEN CHIPS… THIS IS ABSOLUTELY STUNNING TO WATCH. 🤯 https://t.co/aGJ7go1IPH
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“Cognition, misled by tiny changes involving low contrast, will often miss a trend that is destiny.”
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"I don't need an analyst to tell me when a 10 PE stock is cheap. I need an analyst to tell me when a 40 PE stock is cheap." - Steve Mandel, founder of Lone Pine Capital $ADBE $QQQ $SPY
Adobe is trading at its cheapest valuation in a decade. EV/EBIT: 16.9x Why wouldn't this beat the market from here? $ADBE
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@javierguzmandev @cramforce Sadly we had to exit Spain, insanely difficult to employ and grow our company there. We tried!
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