
Equity Analyst| Ex-500, now 6900 | Love for undrvalued sh*tcoins | @UwUCorpo |https://xitter.cf/t.co/uVgxtjPZK3
Joined January 2022
- Tweets23.3K
- Following6K
- Followers19.5K
- Likes13K
Pinned Tweet
This been my thesis since 2023 for the OG eth coins - $SPX, $MOG, #HarryPotterObamaSonic10Inu - coins with provenance that started much of what鈥檚 seen throughout crypto this cycle.
If u are actually in the game, u know $SPX. If u don鈥檛, then tbh ur not in the game so idc about ur opinion. $ADA community welcomes u with open arms
I think boomers are going to have a problem where they fall into AI psychosis if they go down this route
Most roles they鈥檙e in at the most senior levels are decision making roles at their core, but it鈥檚 been years / decades since they鈥檝e done the actual research or analysis themselves
Replying to @Neil_Irwin
He goes so far as to say that if he were to run the White House CEA today he'd do it with a lot of reliance on Claude and friends.
Good advice for people just starting out
The most important trait of a junior analyst is to never get caught in analysis paralysis
With the amount of data available today, including third party data and all sorts of macro leading indicators, the biggest mistake I see young analysts make it trying to analyze every single number down to the decimal points
The correct way to approach investment analysis is to actually evaluate the qualitative aspects first
Identify the 3-5 things that really move the needle on the business, and then dive into those deeper with analysis that can help drive your forecast assumptions
Analysts who get caught in analysis paralysis either
> end up using their time incredibly inefficiently, decreasing the volume of names and stocks they look at
> end up far too much time on numbers and data that don鈥檛 really move the needle for the business
For example, evaluating whether your SG&A will be 15% vs 17% of revenue in 2 years for a software business is likely not going to inform your investment thesis today
However, understanding the qualitative aspects such as pricing power and competitive moat will inform what your gross margin assumptions will be for next year, which is a much larger driver to their cash flows and multiple
A great way to do this is to first write down how the business works from a P*Q basis (pricing and volume)
On a piece of paper, write down the 3-5 factors that actually matter in evaluating what will drive each of these
Then work backwards to figure out what analysis is actually useful vs not
Will prevent you from spending a lot of useless time staring at excel
More 2019 vibes vs. 2022
You鈥檙e unable to view this Post because this account owner limits who can view their Posts. Learn more
Don't forget that even if something is on the path to -80% lower you can't get violent 30-40%+ spikes on the way there.
their yields are spiking, ton's of concerns circulating the media no their ability to meet interest payments. Even Chamath scaring the hoes and D.A. Davidson saying it can go to zero
Hyperscaler earnings are only a few weeks out, could be a massive risk to the short-side near term
BasedGod 馃捁馃Р retweeted
scatterbrain stuff
1.
A memecoin's price is the market price of a tail scenario. Full stop. A perpetual call option on collective belief with no expiry or strike. Its value is roughly probability of the big outcome 脳 size of the big outcome (plus some of intermediate outcomes). Take the tail event away and there's nothing to price other than speculation on speculation which unravels by logic and turns the token into a hot potato.
Thus, if terminal holders don't believe in the tail outcome that a meme flips BTC, the L1 it's built on, a chipmaker and/or the stock market, it has no value.
FTSM or bust.
2.
Anyone on CT who clowns on Murad for his recent Token2049 speech should ask himself why not one session out of roughly 200 answers the only two questions that matter:
Why is a 17-year-old asset class still a rounding error next to the stock market?
Why does almost everyone outside this building dislike crypto?
btw. the closest the industry gets to an answer is Day 2, where BlackRock, Fidelity, Nasdaq and Morgan Stanley talk tokenization and Samsung puts USDC in the wallet. Read between the lines. The plan is no longer to make the tokens matter but to put the S&P 500 on crypto rails and collect the fees. Make the technology invisible, hide the wallet, never say "crypto" to the customer.
3.
On that note, there's a yuuuge divide in crypto: plumbing-versus-belief split. The rails camp sees crypto as a cheaper, faster back office for TardFi shenanigans such as dollars, treasuries and stonks. The belief camp thinks crypto's point is to create new kinds of assets.
If the rails camp wins completely, tokens become a file format, money.pdf . Crypto melts into the back office and the value flows to issuers and incumbents.
4.
But also, if crypto mostly becomes rails, then belief tokens become the only genuinely new thing in crypto. Everything else is old stuff moving through faster lanes.
5.
Read Max Weber. He described modernity as the steady disenchantment of the world: everything gets rationalized, measured, and turned into a process. The belief camp is trying to re-enchant money. To make it once again carry meaning, myth, ritual, community.
6.
The rails camp denies the value of a token in and of itself and it can't even do that properly because it moves belief-based tokens all day (such as tokenized dollars). It just insists the belief must be guaranteed by an institution.
Make no mistake. Stripped down, the rails camp is saying that only institutions should be allowed to mint belief. States, banks, asset managers are legitimate issuers and a community of weirdos on the internet agreeing on something new is not. That's a claim about who gets to create value, dressed up as a claim about what value is, so in essence, it's all about permission.
7.
For most of history, the value of meaning flowed upward to the patrons who commissioned art, the labels that owned the songs, and, for the past two decades specifically, the platforms that turned a generation's memes, jokes, images, and friendships into advertising revenue.
Culture was made from below and monetized from the top. Belief tokens reverse that flow, letting the community that creates the meaning hold a stake in what it becomes.
If the rails camp wins, it will have built a better bank. Wow.
If the belief camp wins even once, it will have changed who gets to own the value of what we believe together.
8.
Fuck the 500
How Murad shill a memecoin on stage!
- guy who's shilling an altcoin or L1 that provides no utility or value add to society whatsoever and has no reason to exist
In equity markets:
In a Bear Market - Dividend Value typically outperforms, Growth typically underperforms. Investors prioritize today's cash flow over future earnings growth
In a Bull Market - Growth typically outperforms, Dividend Value typically underperforms. Investors prioritize future earnings growth over today's cashflow
Apply this to crypto and thats your answer for why the recent winners have been winning and what things may look like in the future if conditions get increasingly bullish
Why are people assuming there won't be billion dollar market cap memecoins just because none of the recent launches went the distance in a straight line. Do you realize BTC's not even up 2x, like what are you expecting right now


















