Maleks
@mark_aleks
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@zacalife co-founder | building a #DTC brand with my bro while value investing | warren buffett studier | biohacker | contrarian thinker | believer | mark 9:23
Denver, CO
Joined March 2008
Pabrai’s @MohnishPabrai compounding rules for 9th graders:. 1. Spend less than you earn.2. Put into compounding engine .3. Don’t mess with it . Adults should pay attention.
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A great company does not mean a great investment. That concept goes over many people’s heads.
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This is what happens when you raise the minimum wage and try to control a free market. It hurts the people you’re trying to help.
Famous restauranteur Troy Guard on running a restaurant in Denver:. "I want nothing to do with it anymore. I don’t live in Denver anymore. I don’t want to open in Denver anymore. It’s not my favorite place to do business. I have more opportunities in Houston.".
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RT @indexnforgetit: Get your 4 Fs in order . - Faith .- Family .- Fitness .- Finances . And in that order.
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This about sums up my lonnnggg entrepreneurship journey.
"The road to success is paved with mistakes well handled.".
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There’s hope in the good ol’ USA.
We thank our guests for sharing your voices and love for Cracker Barrel. We said we would listen, and we have. Our new logo is going away and our “Old Timer” will remain. At Cracker Barrel, it’s always been – and always will be – about serving up delicious food, warm
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Hence a high probability of a “lost decade.”.
If you bought the S&P at 23 x at any time in history, in every single case your annualised return over the next 10 years is between +2% and -2%. The S&P is currently trading at 23 x.
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Denver is down too.
I’ve waited a long time to write this. Home-buying opportunities in Dallas?. They’re here. Now. Today. Over the next 6-12, perhaps 18 months. The long-awaited price downturn is in full swing. Rates may soon join too.
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*in regards to interest rates. *i didn’t make this up, comes from @ProfessorWerner that studied this for a long time.
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Focus is the difference between life and death when it comes to making your business successful.
A small team can only do a few things which forces prioritization which is a gift in disguise because more startups die from chasing too many ideas than too few.
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Hypothesis:. I think the FED is largely a smoke screen, they don’t control much. They lag the economy, not lead, when it comes to interest rates. But people still think they’re in control.
Powell:. We now have inflation risks to the upside and employment risks to the downside. As a result the Fed must take a balanced approach to the dual mandate.
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How to stay poor:. - day trading.- personal debt.- too much home.- obsessing over crypto.- career/business hopping.- not consistently investing .- not knowing your numbers.- not living below your means . What did I miss?.
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Fewer than one in a thousand Americans retire with $5 million, and only 3% ever reach $1 million. The only way to financial freedom is to prudently save and invest.
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To look at probabilities of the future, study the past.
With AI, everybody will make their own software just like how we all 3D print our own furniture.
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A 401k trains you to invest for net worth. Then you retire and barely spend money because you’re afraid to run out. You must invest for cash flow, or you’ll constantly have anxiety around money.
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RT @naval: Looks like the AI doomsday cult is dying down. Several more doomsday cults to go.
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Hot take:. Alcohol sales are not down due to “health trends.”. It’s that people have substantially lower social lives nowadays.
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RT @PortfolioParrot: Too many people spend money they haven't earned, to buy things they don't want, to impress people they don't like. – W….
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Redfin Chief Economist says she doesn’t think people should view their homes as an investment. Looks like I’m not the only one.
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RT @NewsLambert: Redfin: U.S. housing market now 508,715 more home sellers than homebuyers. That’s the most home sellers have outmatched ho….
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Redfin Chief Economist says that listed prices of homes is exceeding sale price by about $50k 🤯.
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