Lyall Taylor, Discover and Read the Best of Twitter Threads by @LT3000Lyall

Lyall Taylor

LT3000Lyall

We are still in the early stages of a growth/tech sell off where people are quoting lower T+ 1-3yr forward multiples.Overlooked is that earnings can also go down - precipitously.

There are two aspects to investing: return and risk.After a long bull market investors tend to forget about risk & focus only on return. This one a key reason why

The world's total wind resources are 100TWy/y. Harvesting 100% of it would require we stop all wind blowing on earth (converting it to rotating wind blades) - not remotely possible.

Higher CGTs, corporate taxes, & taxes on wealthy, will not have negative effect on the economy & investment (as opposed to *investors*), until we move from an environment of capital

The tech bubble is w/in 12-24mths of a major bust IMO. Growth has not structurally accelerated during pandemic- it has been pulled forward. Comps will be tough from 2021; growth

What are currently being described as 'second waves' of covid-19 are actually first waves. There are no locations that got hit hard in the first wave that are experiencing second

What ppl don't understand is that these are life and death situations for the cops. If the guy had a gun tucked in his belt behind back, he could flash

(1/x) The human brain evolved primarily to enable complex social interactions, not rigorous math/statistical thinking. We are hardwired to place a lot of emphasis on isolated anecdotes, and social media