Twitter Perspective - and mkts in general (Patreon)
Published:
2022-10-04 22:33:19
Imported:
2023-01
Content
Hey Team
Lot of talk today about Elon musk buying Twitter and people think he paid too much but the fact of the matter is TWTR was an IPO that launched nine years ago at $45 - it's up to 5% from that level in nine years.
And it's a lot bigger than it was nine years ago but the real message is sometimes stocks are flat - therefore it's always good to be in hyper growth companies!!! That is where the alpha is. Remove loss of purchasing power over 9 years and you lost 38% on Twitter.