# ![@ErnestWongBWM Avatar](https://lunarcrush.com/gi/w:26/cr:twitter::1186285599419969536.png) @ErnestWongBWM Ernest Wong

Ernest Wong posts on X about $cost, canada, $atdto, $googl the most. They currently have [---------] followers and [---] posts still getting attention that total [-----] engagements in the last [--] hours.

### Engagements: [-----] [#](/creator/twitter::1186285599419969536/interactions)
![Engagements Line Chart](https://lunarcrush.com/gi/w:600/cr:twitter::1186285599419969536/c:line/m:interactions.svg)

- [--] Week [------] -95%
- [--] Month [-------] +393%
- [--] Months [---------] +241%
- [--] Year [---------] +29%

### Mentions: [--] [#](/creator/twitter::1186285599419969536/posts_active)
![Mentions Line Chart](https://lunarcrush.com/gi/w:600/cr:twitter::1186285599419969536/c:line/m:posts_active.svg)

- [--] Week [--] -13%
- [--] Month [---] -70%
- [--] Months [---] +164%
- [--] Year [---] +81%

### Followers: [---------] [#](/creator/twitter::1186285599419969536/followers)
![Followers Line Chart](https://lunarcrush.com/gi/w:600/cr:twitter::1186285599419969536/c:line/m:followers.svg)

- [--] Week [-----] +0.01%
- [--] Month [-----] +1.80%
- [--] Months [-----] +11%
- [--] Year [-----] +19%

### CreatorRank: [---------] [#](/creator/twitter::1186285599419969536/influencer_rank)
![CreatorRank Line Chart](https://lunarcrush.com/gi/w:600/cr:twitter::1186285599419969536/c:line/m:influencer_rank.svg)

### Social Influence

**Social category influence**
[stocks](/list/stocks)  [finance](/list/finance)  [technology brands](/list/technology-brands)  [countries](/list/countries)  [cryptocurrencies](/list/cryptocurrencies)  [social networks](/list/social-networks)  [automotive brands](/list/automotive-brands)  [currencies](/list/currencies)  [luxury brands](/list/luxury-brands)  [travel destinations](/list/travel-destinations) 

**Social topic influence**
[$cost](/topic/$cost), [canada](/topic/canada), [$atdto](/topic/$atdto), [$googl](/topic/$googl), [ai](/topic/ai), [business](/topic/business), [stocks](/topic/stocks), [youtube](/topic/youtube), [$cnq](/topic/$cnq) #13, [investment](/topic/investment)

**Top accounts mentioned or mentioned by**
[@barryschwartzbw](/creator/undefined) [@pythiar](/creator/undefined) [@bnnbloomberg](/creator/undefined) [@compoundpapi](/creator/undefined) [@jerrycap](/creator/undefined) [@tidefallcapital](/creator/undefined) [@nachkari](/creator/undefined) [@stockthoughts81](/creator/undefined) [@clubmaliboo](/creator/undefined) [@bizalmanac](/creator/undefined) [@lhamtil](/creator/undefined) [@invesquotes](/creator/undefined) [@fundhunterco](/creator/undefined) [@marcslans](/creator/undefined) [@sadvalueinvestr](/creator/undefined) [@jasonmiller15](/creator/undefined) [@kairospraxis](/creator/undefined) [@innocencecapit1](/creator/undefined) [@stocktalk416](/creator/undefined) [@viggykrishnan](/creator/undefined)

**Top assets mentioned**
[Costco Hot Dog (COST)](/topic/$cost) [Alphabet Inc Class A (GOOGL)](/topic/$googl) [Canadian Natural Resources Limited (CNQ)](/topic/$cnq) [Copart, Inc. (CPRT)](/topic/$cprt) [Domino's Pizza Inc (DPZ)](/topic/$dpz) [Netflix Inc (NFLX)](/topic/$nflx) [Costco Wholesale Corporation (COST)](/topic/costco) [CoStar Group, Inc. (CSGP)](/topic/$csgp) [Live Nation Entertainment, Inc. (LYV)](/topic/$lyv) [Restaurant Brands International Inc. (QSR)](/topic/$qsr) [Apple, Inc. (AAPL)](/topic/$aapl) [Adobe, Inc. (ADBE)](/topic/$adbe) [Spotify Technology (SPOT)](/topic/$spot) [Ferrari N.V. (RACE)](/topic/$race) [Brookfield Asset Management Inc (BAM)](/topic/$bam) [BlackCoin (BLK)](/topic/$blk) [Stryker Corporation (SYK)](/topic/$syk) [Moody's Corporation (MCO)](/topic/$mco) [Waste Connections, Inc. (WCN)](/topic/$wcn) [TransDigm Group, Inc. (TDG)](/topic/$tdg) [TFI International Inc. (TFII)](/topic/$tfii) [Microsoft Corp. (MSFT)](/topic/$msft) [Brookfield Corporation (BN)](/topic/$bn) [Msci Inc (MSCI)](/topic/$msci) [NVIDIA Corp. (NVDA)](/topic/$nvda) [Amazon.com, Inc. (AMZN)](/topic/$amzn) [Canadian Pacific Railway (CP)](/topic/$cp) [Tesla, Inc. (TSLA)](/topic/tesla) [Vail Resorts, Inc. (MTN)](/topic/$mtn) [Starbucks Corporation (SBUX)](/topic/$sbux) [FirstService Corporation Common Shares (FSV)](/topic/$fsv) [Taiwan Semiconductor (TSM)](/topic/$tsm) [Metadium (META)](/topic/$meta) [Garmin Ltd. (GRMN)](/topic/$grmn) [Progressive Corp (PGR)](/topic/$pgr) [Watsco, Inc. (WSO)](/topic/$wso) [Ritchie Bros. Auctioneers Incorporated (RBA)](/topic/$rba) [PepsiCo, Inc. (PEP)](/topic/$pep)
### Top Social Posts
Top posts by engagements in the last [--] hours

"Why are $URI and $AHT.L not ultimately beneficiaries of tariffs - Will get construction tailwind as plants move back to the US - Equipment pricing increases - higher residuals for existing fleet + higher pricing"  
[X Link](https://x.com/ErnestWongBWM/status/1908169176415457748)  2025-04-04T14:45Z [----] followers, [----] engagements


"Whod have thought that people actually wanted unlimited data plans $RCIb"  
[X Link](https://x.com/ErnestWongBWM/status/1187080316621590528)  2019-10-23T18:56Z [----] followers, [--] engagements


"Any $MCD bulls out there care to share their thesis on why its preferable over $DPZ Dividend growth is not a valid reason"  
[X Link](https://x.com/ErnestWongBWM/status/1197628758565498883)  2019-11-21T21:32Z [----] followers, [--] engagements


"$ALL CEO on repair costs and total losses: $IAA $CPRT"  
[X Link](https://x.com/ErnestWongBWM/status/1199042594833129475)  2019-11-25T19:10Z [----] followers, [--] engagements


"Good discussion on iShares economics $BLK"  
[X Link](https://x.com/ErnestWongBWM/status/1216826244937003008)  2020-01-13T20:55Z [----] followers, [--] engagements


"This is pretty cool $CNR.TO"  
[X Link](https://x.com/ErnestWongBWM/status/1223349572623392768)  2020-01-31T20:57Z [----] followers, [--] engagements


"Here's a summary of the $FWON $LSXM $LYV transaction this morning. 1) To start FWON and LSXM are tracking stocks of one company (Liberty Media): all the assets and liabilities of Liberty Media are assigned to a tracker though they are actually part of the same company"  
[X Link](https://x.com/ErnestWongBWM/status/1253335684313542658)  2020-04-23T14:51Z [----] followers, [--] engagements


"Not much sympathy for $LSXM shareholders this was always a risk you should have known in buying the tracker vs $SIRI outright"  
[X Link](https://x.com/ErnestWongBWM/status/1253689523030110209)  2020-04-24T14:17Z [----] followers, [--] engagements


"Has anyone read any good writeups on $syk or $isrg"  
[X Link](https://x.com/ErnestWongBWM/status/1262068758295830529)  2020-05-17T17:13Z [----] followers, [--] engagements


"Canadian bank earnings are encouraging for a V-shaped recovery so far. $NA.TO's retail deferral loan balance is down 60% and 98% of expired deferrals are making regular payments"  
[X Link](https://x.com/ErnestWongBWM/status/1298633182473003010)  2020-08-26T14:47Z [----] followers, [--] engagements


"Charles Schwab meets Candy Crush"  
[X Link](https://x.com/ErnestWongBWM/status/1329610272336736257)  2020-11-20T02:19Z [----] followers, [--] engagements


"$NA.TO reports 81% decline in retail loans under deferral (today just 0.8% of loan balances) with 98% of expired deferrals resuming regular payments"  
[X Link](https://x.com/ErnestWongBWM/status/1334250760805212166)  2020-12-02T21:39Z [----] followers, [--] engagements


"@khurrum__ We like $NA.TO. Most pure-play on Canadian market with more exposure to Quebec- lower housing risks and healthier consumer relative to other provinces"  
[X Link](https://x.com/ErnestWongBWM/status/1366406930722414598)  2021-03-01T15:16Z [----] followers, [--] engagements


"Shops/Checkout is $FB's single most important initiative right now and is the key to restoring the purchase behavior signals for ad targeting lost from $AAPL and $GOOGL's platform changes"  
[X Link](https://x.com/ErnestWongBWM/status/1366886622197932035)  2021-03-02T23:02Z [----] followers, [--] engagements


"$GOOG's TAM for advertising includes "below the line budgets" such as promotional pricing product placements and sponsorships"  
[X Link](https://x.com/ErnestWongBWM/status/1387208469460230147)  2021-04-28T00:54Z [----] followers, [--] engagements


"$PGR shareholders"  
[X Link](https://x.com/ErnestWongBWM/status/1388568069170253824)  2021-05-01T18:56Z [----] followers, [--] engagements


"$Nflx getting into podcasts I'm thrilled to join @netflix as the Head of Podcasts. [--] years ago I watched three DVDs from Netflix a day while working the late night lab shift at a university. My obsession for storytelling has taken me all kinds of places but this is truly a dream https://t.co/sn8EbS7zr0 I'm thrilled to join @netflix as the Head of Podcasts. [--] years ago I watched three DVDs from Netflix a day while working the late night lab shift at a university. My obsession for storytelling has taken me all kinds of places but this is truly a dream https://t.co/sn8EbS7zr0"  
[X Link](https://x.com/ErnestWongBWM/status/1413356451116974085)  2021-07-09T04:36Z [----] followers, [--] engagements


"$NA.TO on other banks matching zero commission trading for online brokerage: "We obviously want to capture market share and we made the bet they would be hesitant and so far so good""  
[X Link](https://x.com/ErnestWongBWM/status/1430962729494458372)  2021-08-26T18:37Z [----] followers, [--] engagements


"Long-term $CPRT thesis: a play on emerging markets economic and physical mobility"  
[X Link](https://x.com/ErnestWongBWM/status/1461435357904449540)  2021-11-18T20:45Z [----] followers, [--] engagements


"$CPRT pushing harder into newer better cars"  
[X Link](https://x.com/ErnestWongBWM/status/1467204501992050688)  2021-12-04T18:49Z [----] followers, [--] engagements


"Enjoying the Domino's China (DPC DASH) prospectus. filed for IPO in Hong Kong with $DPZ directly owning 15.7% stake. Directly operates [---] stores and plans to open [---] stores over next two years"  
[X Link](https://x.com/ErnestWongBWM/status/1508865190632300545)  2022-03-29T17:54Z [----] followers, [--] engagements


"$ADBE's "top priority" is buybacks"  
[X Link](https://x.com/ErnestWongBWM/status/1516460848293814272)  2022-04-19T16:56Z [----] followers, [--] engagements


"$COST's weak e-commerce comp for November (-8.9%) likely a combination of weakening consumer demand for large items (furniture appliances TVs) and price deflation. $COST has always said suppliers won't be allowed to keep price hikes. Bodes poorly for the $WHRs of the world"  
[X Link](https://x.com/ErnestWongBWM/status/1598333591552942083)  2022-12-01T15:09Z [----] followers, [--] engagements


"Yet another quarter where $CPRT outperforms $IAA on volumes Yet another quarter where $CPRT outperforms $IAA on volumes https://t.co/96H1VatPjg Yet another quarter where $CPRT outperforms $IAA on volumes https://t.co/96H1VatPjg"  
[X Link](https://x.com/ErnestWongBWM/status/1628405522452938752)  2023-02-22T14:45Z [----] followers, 17.1K engagements


"What is the short thesis on $WSO"  
[X Link](https://x.com/ErnestWongBWM/status/1650881176255492100)  2023-04-25T15:15Z [----] followers, [----] engagements


"Stereotypical value trap: - major player in mature industry ("deserves to exist") - capital intensive - breaks out "maintenance and growth" capex - 15% margins - debt 3x - minimal capital returns - does M&A with goal of ROIC by year [--] - trades at 13x p/e"  
[X Link](https://x.com/ErnestWongBWM/status/1652076543177379840)  2023-04-28T22:25Z [----] followers, 45.3K engagements


"$BN providing detail into the BPY portfolio - 63% of portfolio is "Core" of which half is office and half is retail. Occupancy/lease life of office portfolio appears optically healthy without excessive leverage"  
[X Link](https://x.com/ErnestWongBWM/status/1656662885970608129)  2023-05-11T14:09Z [----] followers, 42.2K engagements


"@InnocenceCapit1 cc: $NVDA"  
[X Link](https://x.com/ErnestWongBWM/status/1658538319477633024)  2023-05-16T18:22Z [----] followers, [--] engagements


"Yet another quarter where $CPRT outperforms $IAA on volumes ($IAA's 1.6% excludes share loss from one customer) Yet another quarter where $CPRT outperforms $IAA on volumes https://t.co/ooxsRQLjU6 Yet another quarter where $CPRT outperforms $IAA on volumes https://t.co/ooxsRQLjU6"  
[X Link](https://x.com/ErnestWongBWM/status/1659216478271426560)  2023-05-18T15:16Z [----] followers, 16.4K engagements


"This was $BAM's response to the "obligatory" AI sell-side question"  
[X Link](https://x.com/ErnestWongBWM/status/1663180252271505409)  2023-05-29T13:47Z [----] followers, [----] engagements


"@cadbanksonly Was a tie"  
[X Link](https://x.com/ErnestWongBWM/status/1666797987324915712)  2023-06-08T13:23Z [----] followers, [---] engagements


"Say what you want about the price for Figma but $ADBE's recent execution has been outstanding from developing the marketing funnel (freemium web mobile etc.) to building out its generative AI strategy within existing apps"  
[X Link](https://x.com/ErnestWongBWM/status/1670840903651541003)  2023-06-19T17:15Z [----] followers, [----] engagements


""When we put the (generative fill) beta into Photoshop we had. by far the most successful increase ever in net-new downloads of the Photoshop beta" $ADBE"  
[X Link](https://x.com/ErnestWongBWM/status/1673693213750599681)  2023-06-27T14:02Z [----] followers, [----] engagements


"What are some companies that do a good job with investor relations and are creative in how they organize/present IR materials and financials A few I admire are $NFLX and $BN"  
[X Link](https://x.com/ErnestWongBWM/status/1673765933288923158)  2023-06-27T18:51Z [----] followers, [--] engagements


"@marc_slans 2% dividend (incl. special dividends) + 2-3% store growth + 3-4% traffic growth + inflation = HSD/LDD return with below-average downside in bad times"  
[X Link](https://x.com/ErnestWongBWM/status/1678425361128775682)  2023-07-10T15:59Z [----] followers, [---] engagements


"@LeveragedLayman The report to some extent is the bull case though anecdotally hasn't seemed super hard for Chinese independents to open up in Markham over the last decade"  
[X Link](https://x.com/anyuser/status/1678888124674342915)  2023-07-11T22:45Z [--] followers, [---] engagements


"It's always a bit surreal to watch $BLK explain to stock pickers at their investor day why they don't deserve to exist"  
[X Link](https://x.com/anyuser/status/1679148088269602818)  2023-07-12T15:17Z [--] followers, [--] engagements


"CMA clears $CPRT's Hills Motors deal"  
[X Link](https://x.com/ErnestWongBWM/status/1679872254018985989)  2023-07-14T15:15Z [----] followers, [--] engagements


"What are some other companies that report better comps than competitors every quarter"  
[X Link](https://x.com/ErnestWongBWM/status/1687581133003800576)  2023-08-04T21:47Z [----] followers, [---] engagements


"$CPRT and $IAA"  
[X Link](https://x.com/ErnestWongBWM/status/1687581408024203264)  2023-08-04T21:48Z [----] followers, [---] engagements


"@JerryCap Many companies on this list often don't because their share prices are perpetually high: $cprt $csgp"  
[X Link](https://x.com/ErnestWongBWM/status/1689438125754351616)  2023-08-10T00:46Z [----] followers, [---] engagements


""The real money for Swift comes from the concerts with the Eras Tour set to be the first to gross $1 billion; physical scarcity is still the best way for a creator to capture value." And $LYV does a great job helping artists maximize and capture that value. Disney's Taylor Swift Era Not even Taylor Swift can fight the devaluation of recorded music but she makes it up in physical experiences; Disney isn't much different but it looks much worse given the company's old business model. https://t.co/YLijsFM16x Disney's Taylor Swift Era Not even Taylor Swift can fight the devaluation of recorded"  
[X Link](https://x.com/ErnestWongBWM/status/1691460608552771584)  2023-08-15T14:43Z [----] followers, [----] engagements


"Michael Rapino on $SPOT's challenge: "For kids today the music discovery happens on YouTube on video games Instagram social media & where they listen to ultimately is kind of the second step""  
[X Link](https://x.com/ErnestWongBWM/status/1702391383359643755)  2023-09-14T18:38Z [----] followers, [----] engagements


"Some of my biggest errors of omission: - Ferrari in [----] despite knowing that the market was improperly valuing it as a luxury car maker - CNQ in 2020/2021 mostly because I didn't have the guts to pitch an oil stock when it was universally disliked What are some of yours"  
[X Link](https://x.com/ErnestWongBWM/status/1703787007644774655)  2023-09-18T15:04Z [----] followers, 14K engagements


""Historically we were taking about [---] bps of market share. We believe in [----] and into [----] it's closer to [---] bps of market share gain" $FND"  
[X Link](https://x.com/ErnestWongBWM/status/1704546264153567661)  2023-09-20T17:21Z [----] followers, [----] engagements


"@WaterworldCapi1 They're comping transactions down LSD% vs down double digits for $MWK $LL $TTSH"  
[X Link](https://x.com/ErnestWongBWM/status/1704548021587816643)  2023-09-20T17:28Z [----] followers, [---] engagements


""Our password sharing solution is a competitive differentiator that frankly will be tough for competitors to match in sophistication" Greg Peters at Communacopia $NFLX"  
[X Link](https://x.com/ErnestWongBWM/status/1705224019123769700)  2023-09-22T14:14Z [----] followers, [----] engagements


"What products have a high "idiot index" today"  
[X Link](https://x.com/ErnestWongBWM/status/1706351040776327175)  2023-09-25T16:52Z [----] followers, [----] engagements


"@StockTalk416 @BarrySchwartzBW Hah don't look at the rest of our names if you think $mtn is overvalued"  
[X Link](https://x.com/ErnestWongBWM/status/1707558043431383112)  2023-09-29T00:48Z [----] followers, [---] engagements


"A lot of freaking out about $MTN's lack of growth/weather volatility/etc. but low-end of FY24 guidance is +8% over [--] and +25% vs pre-COVID"  
[X Link](https://x.com/ErnestWongBWM/status/1707827842787004662)  2023-09-29T18:41Z [----] followers, [----] engagements


"$KLG put out food samples at their intro Investor Day and no one took it"  
[X Link](https://x.com/ErnestWongBWM/status/1712159230998815063)  2023-10-11T17:32Z [----] followers, [----] engagements


"Has been a volatile ride but the bear thesis on $NFLX has proven completely wrong: - Pricing: Price hikes have not led to material churn - Margins: Cash Spend/Amortization has converged to 1x - Content/Competition: 3P licensing back to NFLX now - Cash Flow: +$6b"  
[X Link](https://x.com/ErnestWongBWM/status/1715081306013356088)  2023-10-19T19:03Z [----] followers, [----] engagements


"This was a very delightful book. Highly recommend if you're a Costco fan or $COST shareholder"  
[X Link](https://x.com/ErnestWongBWM/status/1716656096683651280)  2023-10-24T03:21Z [----] followers, [----] engagements


"@NestBetter There is nothing shady/misleading about this. Brookfield is doing what accounting regulations require. Berkshire does the same thing with $KHC"  
[X Link](https://x.com/ErnestWongBWM/status/1717334238016463263)  2023-10-26T00:16Z [----] followers, [---] engagements


"Anyone follow $PSMT Why has the stock underperformed $COST so much"  
[X Link](https://x.com/ErnestWongBWM/status/1717555871696273779)  2023-10-26T14:56Z [----] followers, [----] engagements


"$CSGP gives a great summary on the state of commercial real estate every quarter. As of Q3 things are not good: pricing & volume is very weak and banks are unwilling to lend"  
[X Link](https://x.com/ErnestWongBWM/status/1717589059218857987)  2023-10-26T17:08Z [----] followers, [----] engagements


"Emerging markets give you a reminder almost every day why you shouldn't invest in them"  
[X Link](https://x.com/ErnestWongBWM/status/1719433526423031824)  2023-10-31T19:17Z [----] followers, [----] engagements


"New podcast is out What we do for Halloween + reactions to Q3 earnings for $CSGP $V $CNI $TFII $DPZ $NFLX $AMZN $MSFT $GOOGL https://open.spotify.com/episode/1SvFiQYehyVyhiWRmcySkpsi=nGN70bA8S5qrBerSA9QveQ&nd=1 https://open.spotify.com/episode/1SvFiQYehyVyhiWRmcySkpsi=nGN70bA8S5qrBerSA9QveQ&nd=1"  
[X Link](https://x.com/ErnestWongBWM/status/1719790747224850921)  2023-11-01T18:57Z [----] followers, [----] engagements


"Ferrari reports +26% revenue growth on 9% increase in car deliveries #pricingpower"  
[X Link](https://x.com/ErnestWongBWM/status/1720087339979129198)  2023-11-02T14:35Z [----] followers, [----] engagements


"Ferrari CEO: Last weekend there was a client that started to cry literally right after the car was shown Analyst: I hope it wasn't because he saw the price tag"  
[X Link](https://x.com/ErnestWongBWM/status/1720170463542788592)  2023-11-02T20:06Z [----] followers, 27.4K engagements


"$SYK on Ozempic impact"  
[X Link](https://x.com/ErnestWongBWM/status/1721608497450623224)  2023-11-06T19:20Z [----] followers, [----] engagements


"One of our favorite screens is simply profitable companies with large net cash balances. Only an owner/operator would accumulate cash on the balance sheet"  
[X Link](https://x.com/ErnestWongBWM/status/1721981867052642581)  2023-11-07T20:04Z [----] followers, [----] engagements


"Not dunking on Buffett who is the🐐 but BRK's cost base for $PARA is $31. Stock is currently under $12"  
[X Link](https://x.com/ErnestWongBWM/status/1722340792973263215)  2023-11-08T19:50Z [----] followers, [----] engagements


"Winners keep winning. $RBA / $IAA losing ANOTHER large customer to $CPRT https://t.co/UKVhSmzd8l $RBA / $IAA losing ANOTHER large customer to $CPRT https://t.co/UKVhSmzd8l"  
[X Link](https://x.com/ErnestWongBWM/status/1723005350947787159)  2023-11-10T15:51Z [----] followers, [----] engagements


"Ep [--] of Long-Term Investing Podcast is up Barry and I talk about indexing in Canada and review more earnings including $CNQ.TO $TOU $AAPL $LYV $RACE $QSR https://open.spotify.com/episode/6O96czPM419RkemlfAoCPtsi=gEE3Db7jSKWVN_Qgp-_kuw&nd=1 https://open.spotify.com/episode/6O96czPM419RkemlfAoCPtsi=gEE3Db7jSKWVN_Qgp-_kuw&nd=1"  
[X Link](https://x.com/ErnestWongBWM/status/1724070904420835470)  2023-11-13T14:25Z [----] followers, [----] engagements


"@EquiCompound Same-store transactions are still 6% higher than pre-COVID despite historically weak home turnover"  
[X Link](https://x.com/ErnestWongBWM/status/1725214801410904383)  2023-11-16T18:10Z [----] followers, [---] engagements


"Costco's black friday sale: "How about a chair for $5 off""  
[X Link](https://x.com/ErnestWongBWM/status/1725251987565064367)  2023-11-16T20:38Z [----] followers, [--] engagements


"Purple Wave appears to be a very tiny company: $CPRT is acquiring majority interest for just $1m"  
[X Link](https://x.com/ErnestWongBWM/status/1726635790028190073)  2023-11-20T16:17Z [----] followers, [----] engagements


"QSR: "We've improved the Tims app to make relevant and personalized offers" Tim Hortons App: "How about 20% off an iced coffee when it's [---] outside""  
[X Link](https://x.com/ErnestWongBWM/status/1726660603987849672)  2023-11-20T17:55Z [----] followers, [----] engagements


"@Invesquotes $GRMN"  
[X Link](https://x.com/ErnestWongBWM/status/1726975971516096844)  2023-11-21T14:48Z [----] followers, [----] engagements


"It's a myth that 7-stocks drove the whole market. Most great businesses with secular tailwinds good ROIC/margins/balance sheet high insider ownership etc. have done well YTD regardless of market cap. Market is distinguishing between high and low quality businesses"  
[X Link](https://x.com/ErnestWongBWM/status/1726990231541584116)  2023-11-21T15:45Z [----] followers, 97.9K engagements


"@DiscountedTF I think that's fair though. 1) S&P [---] is objectively lower quality in terms of ROIC and balance sheet. makes sense it underperforms when rates are up 2) $MSFT was trading at 20x ex-cash last year. If you chose to invest in a levered shitco over that it's on you"  
[X Link](https://x.com/ErnestWongBWM/status/1726996744683278397)  2023-11-21T16:11Z [----] followers, 17.5K engagements


"@NonObviously In a vacuum yes. But I'd still rather own a good business where I have confidence in mgmt's ability to do the right thing rather than a mediocre business just because it looks cheaper"  
[X Link](https://x.com/ErnestWongBWM/status/1727007313851306004)  2023-11-21T16:53Z [----] followers, [---] engagements


"My apologies this is incorrect. $CPRT paid $108m for 80% of Purple Wave. Seller appears to have a put for remaining 20%. Purple Wave appears to be a very tiny company: $CPRT is acquiring majority interest for just $1m Purple Wave appears to be a very tiny company: $CPRT is acquiring majority interest for just $1m"  
[X Link](https://x.com/ErnestWongBWM/status/1727020506447262116)  2023-11-21T17:45Z [----] followers, [----] engagements


"@Hottie_Baker_ @DiscountedTF"  
[X Link](https://x.com/ErnestWongBWM/status/1727025349425578311)  2023-11-21T18:05Z [----] followers, [----] engagements


"@peter_mantas @viggy_krishnan Why do you think Apple will keep missing estimates"  
[X Link](https://x.com/ErnestWongBWM/status/1727385203373482402)  2023-11-22T17:55Z [----] followers, [---] engagements


"Why are $ORLY's levered buybacks a good idea at current prices/rates"  
[X Link](https://x.com/ErnestWongBWM/status/1727791031050027157)  2023-11-23T20:47Z [----] followers, [----] engagements


"What do you do when the CFO of a company tells you that treasuries are a more attractive use of cash than their own stock"  
[X Link](https://x.com/ErnestWongBWM/status/1729222171028021316)  2023-11-27T19:34Z [----] followers, 85.8K engagements


"@Biohazard3737"  
[X Link](https://x.com/ErnestWongBWM/status/1729229992507379944)  2023-11-27T20:05Z [----] followers, [---] engagements


"@viggy_krishnan I actually think it takes a special kind of mgmt and board that is willing to hold cash on the balance sheet for the "fat pitch" rather than blowing every penny to maximize near-term ROE"  
[X Link](https://x.com/ErnestWongBWM/status/1729355822122062151)  2023-11-28T04:25Z [----] followers, [---] engagements


"When I was trying to break into asset management Zeke Ashton of Centaur Capital Partners sent me a very kind/thoughtful response that I remember to this day. Have always tried to copy his example for those in a similar position today"  
[X Link](https://x.com/ErnestWongBWM/status/1730329090123530590)  2023-11-30T20:52Z [----] followers, 149.7K engagements


"Anyone have a "strong buy" view on Canadian banks right now DMs open 🙏"  
[X Link](https://x.com/ErnestWongBWM/status/1730672280038973613)  2023-12-01T19:36Z [----] followers, [----] engagements


"@ToddWenning A key factor regarding Costco's P/E is that they own all their stores and have a net cash position. If you sale/leaseback all of Costco's real estate and lever the balance sheet to 2x to buy back stock that would make it more apples-to-apples vs the rest of retail"  
[X Link](https://x.com/ErnestWongBWM/status/1732130033601270066)  2023-12-05T20:09Z [----] followers, [----] engagements


"@Invesquotes This is of the reasons why $COST and $RACE trade where they do"  
[X Link](https://x.com/ErnestWongBWM/status/1733164917690134921)  2023-12-08T16:41Z [----] followers, [---] engagements


"$NFLX eliminates the stock option program for executives. now grants PSUs based on relative TSR%. Curious if this also applies to the rank and file or if they still get to choose their comp mix in options"  
[X Link](https://x.com/ErnestWongBWM/status/1734055277266125283)  2023-12-11T03:39Z [----] followers, [----] engagements


"What are some other companies that do a good job of this Brookfield comes to mind both with its own shares and of its listed affiliates"  
[X Link](https://x.com/ErnestWongBWM/status/1734295957439664321)  2023-12-11T19:35Z [----] followers, [----] engagements


"Finally synergies between Pepsi and Frito-Lay $PEP"  
[X Link](https://x.com/ErnestWongBWM/status/1743039925652533632)  2024-01-04T22:41Z [----] followers, [----] engagements


"Episode [--] of the Long-Term Investing Podcast is up We discuss our outlook for [----] and break down a few end-of-year deals in Canada. Spotify: Apple: We're also on YouTube with video now:"  
[X Link](https://x.com/ErnestWongBWM/status/1744476479503651307)  2024-01-08T21:49Z [----] followers, [----] engagements


"$BLK buying GIP for exactly the thesis that Bruce Flatt has been talking about forever"  
[X Link](https://x.com/ErnestWongBWM/status/1745845036246261962)  2024-01-12T16:27Z [----] followers, [----] engagements


"@JerryCap - Massive infrastructure spending needs going forward - Capital going to scaled players in size & across capital stack Deal seems pricey to me. Not sure it has much implications for the index providers"  
[X Link](https://x.com/ErnestWongBWM/status/1745849860182737092)  2024-01-12T16:46Z [----] followers, [---] engagements


"@JerryCap As @BarrySchwartzBW pointed out shows difficulty of organically building a large private equity firm. $BLK has been trying to grow in alts forever"  
[X Link](https://x.com/ErnestWongBWM/status/1745850058946285885)  2024-01-12T16:47Z [----] followers, [---] engagements


"@nachkari Is GIP a better business than iShares"  
[X Link](https://x.com/ErnestWongBWM/status/1745850382150959178)  2024-01-12T16:49Z [----] followers, [--] engagements


"@stockthoughts81 Larry said on the call that $BLK only had one target. Could be lying though"  
[X Link](https://x.com/anyuser/status/1745850565286846807)  2024-01-12T16:49Z [--] followers, [---] engagements


"@rochonpapi Contrarian view: will prove to be good deal for $BLK. GIP gives $BLK capabilities in attractive infra. market while GIP will benefit from $BLK's distribution scale. Valuation not cheap but will prove to be reasonable"  
[X Link](https://x.com/anyuser/status/1745972200149029202)  2024-01-13T00:53Z [--] followers, [---] engagements


"@rev_cap What major business model problems do $ODFL and $CSGP have"  
[X Link](https://x.com/ErnestWongBWM/status/1746366605259399318)  2024-01-14T03:00Z [----] followers, [---] engagements


"Ep [--] of the Long-Term Investing Podcast is out. We discuss our investing philosophy at Baskin Wealth and things we look for (and to avoid) in picking stocks. Enjoy Spotify: Apple: YT:"  
[X Link](https://x.com/ErnestWongBWM/status/1747011438827229682)  2024-01-15T21:42Z [----] followers, [----] engagements


"The reason we don't do merger arbitrage @BaskinWealth is it's basically gambling (even if it's a smart gamble). You might as well go bet on whether Pascal Siakam will remain a Raptor past the trade deadline"  
[X Link](https://x.com/ErnestWongBWM/status/1747640636784717997)  2024-01-17T15:22Z [----] followers, [----] engagements


"@WagieCapital @BongCapital What concessions would Amazon even give That it won't use iRobot's mapping data to sell ads"  
[X Link](https://x.com/ErnestWongBWM/status/1748044834881880468)  2024-01-18T18:09Z [----] followers, [---] engagements


"Ferrari boat $RACE"  
[X Link](https://x.com/ErnestWongBWM/status/1749799894603489641)  2024-01-23T14:22Z [----] followers, [--] engagements


"Only a paltry $6.7 billion of FCF in [----] 🤷🏻♂ @Integrity4mkts FCF is paltry. Its like everyone forgot theyre still on the hamster wheel of content spend. Not sure why they get the valuation of big techs capital light secular growers. Shrug. @Integrity4mkts FCF is paltry. Its like everyone forgot theyre still on the hamster wheel of content spend. Not sure why they get the valuation of big techs capital light secular growers. Shrug"  
[X Link](https://x.com/anyuser/status/1749926460079395018)  2024-01-23T22:45Z [--] followers, [----] engagements


""We had high hopes for the performance of GTA on Netflix but it exceeded even those high hopes""  
[X Link](https://x.com/ErnestWongBWM/status/1750170020787704065)  2024-01-24T14:53Z [----] followers, [----] engagements


"Seems like half of twitter does no work on companies beyond looking at the stock price chart and the P/E ratio on Bloomberg"  
[X Link](https://x.com/ErnestWongBWM/status/1751982466678608216)  2024-01-29T14:55Z [----] followers, 27.2K engagements


"$CSGP entry into Residential is a good example of this today Good setups often are companies with super strong position in core with lots of FCF generation but undertaking expensive expansion into new bets. Stock usually underperforms when this happens but you get two embedded options: 1) new bet works 2) new bet is wound down FCF up Good setups often are companies with super strong position in core with lots of FCF generation but undertaking expensive expansion into new bets. Stock usually underperforms when this happens but you get two embedded options: 1) new bet works 2) new bet is wound"  
[X Link](https://x.com/ErnestWongBWM/status/1752390779488612765)  2024-01-30T17:58Z [----] followers, [----] engagements


"@tonystock_yt Not a bull case per se but valuation ex-Residential is about the same as other data services companies with pricing power i.e. $FICO $MSCI $SPGI $MCO etc"  
[X Link](https://x.com/ErnestWongBWM/status/1752403885283795424)  2024-01-30T18:50Z [----] followers, [---] engagements


"Most of $GOOGL's share price appreciation since Jan [----] is from earnings revision rather than multiple expansion or AI-hype"  
[X Link](https://x.com/ErnestWongBWM/status/1752731065305747701)  2024-01-31T16:30Z [----] followers, 19.1K engagements


"$LYV About 27% of Americans admit to doom spending to cope with concerns about the economy & foreign affairs: Credit Karma. The rates are higher among Millennials & Gen Z. Its just easier to spend money on things that will bring you immediate fulfillment https://t.co/DvFKPbWR2Q About 27% of Americans admit to doom spending to cope with concerns about the economy & foreign affairs: Credit Karma. The rates are higher among Millennials & Gen Z. Its just easier to spend money on things that will bring you immediate fulfillment https://t.co/DvFKPbWR2Q"  
[X Link](https://x.com/ErnestWongBWM/status/1752808011632890092)  2024-01-31T21:36Z [----] followers, [----] engagements


"$BIP on why $AMT's Indian towers will work for them"  
[X Link](https://x.com/ErnestWongBWM/status/1753091880407986378)  2024-02-01T16:24Z [----] followers, [----] engagements


"@JerryCap Baron Partners Fund did 19% CAGR over the last [--] years"  
[X Link](https://x.com/ErnestWongBWM/status/1753448725077238082)  2024-02-02T16:02Z [----] followers, [---] engagements


"What is Vanguard using the Vision Pro for"  
[X Link](https://x.com/ErnestWongBWM/status/1753508560972239092)  2024-02-02T19:59Z [----] followers, [----] engagements


"@modestproposal1 Bull case is that they've done this before with by literally outspending all the competitors into bankruptcy"  
[X Link](https://x.com/ErnestWongBWM/status/1754537443615748376)  2024-02-05T16:08Z [----] followers, [----] engagements


"@modestproposal1 There is no MLS for rentals so CSGP can get exclusive supply by selling to landlords (though this may change with recent antitrust cases against MLSs). at the time was also more synergistic to CSGP's core business (already has property-level CRE data)"  
[X Link](https://x.com/ErnestWongBWM/status/1754570990569345319)  2024-02-05T18:21Z [----] followers, [---] engagements


"Interesting that $COST is selecting an outsider to be the next CFO"  
[X Link](https://x.com/ErnestWongBWM/status/1754915930486763583)  2024-02-06T17:12Z [----] followers, [----] engagements


"Why is there so little interest/development for classical piano performance in the United States In the [----] Intl Chopin Piano Competition the US only had [--] entrants (less than South Korea and Italy) none of whom made it to the finals"  
[X Link](https://x.com/ErnestWongBWM/status/1755247276115570874)  2024-02-07T15:08Z [----] followers, [----] engagements


"Does anyone feel strongly that $CP is a better deal than $CNR at [--] turns higher EV/EBIT multiple"  
[X Link](https://x.com/ErnestWongBWM/status/1755624782551232925)  2024-02-08T16:09Z [----] followers, [----] engagements


"@TorontoVisual On-shoring is more of a super long term tailwind that won't materially impact CP's growth (and CN would participate as well). The "staining rep" doesn't bother me: different mgmt and there are no other major M&A opportunities"  
[X Link](https://x.com/ErnestWongBWM/status/1755630640903360642)  2024-02-08T16:32Z [----] followers, [---] engagements


"@peter_mantas $COST definitely not a value stock. But not many stocks would have worked very well if you're comparing valuations at the height of a bubble vs the bottom of a severe financial crisis"  
[X Link](https://x.com/ErnestWongBWM/status/1756004709486235789)  2024-02-09T17:18Z [----] followers, [---] engagements


""Our intention to reduce capex. and roll back fibre network expansion is a result of federal government policies and the CRTC's wholesale access rate decision. There could be more to come (layoffs and capex cuts) depending on where this goes" $BCE.TO"  
[X Link](https://x.com/ErnestWongBWM/status/1757126346986127560)  2024-02-12T19:35Z [----] followers, [----] engagements


"The accounting degree - Big [--] - controller/financial analyst - small public company CFO - big public company CFO career path is underrated. Don't need a degree from an Ivy League. just hard work and good communication skills"  
[X Link](https://x.com/ErnestWongBWM/status/1757410490093850887)  2024-02-13T14:24Z [----] followers, 22K engagements


"$WSO with very weak gross margins. do distributors start giving back their margin boost over the last few years"  
[X Link](https://x.com/ErnestWongBWM/status/1757436907821158772)  2024-02-13T16:09Z [----] followers, [----] engagements


"$WCN on recycling economics: - Technology making recycling a better business model with healthy returns. expect greater contribution to recycling over time - Growth of recycling extends life of landfills and reduce expansion capital needs"  
[X Link](https://x.com/ErnestWongBWM/status/1757873127214768516)  2024-02-14T21:03Z [----] followers, [----] engagements


"Good article on how robotics solves challenges with recycling"  
[X Link](https://x.com/ErnestWongBWM/status/1757875292956233833)  2024-02-14T21:11Z [----] followers, [----] engagements


"Is $LYV actually up 5% because JLo is doing a tour"  
[X Link](https://x.com/ErnestWongBWM/status/1758223318237278363)  2024-02-15T20:14Z [----] followers, [----] engagements


"@BucknSF The question is whether AI is truly a platform shift. the large caps would argue that AI is a product enhancer (i.e. Adobe generative fill Copilot) rather than a new platform"  
[X Link](https://x.com/ErnestWongBWM/status/1760009571710431284)  2024-02-20T18:32Z [----] followers, [---] engagements


"$CSGP not getting the memo that it's better to report accounting earnings rather than invest in growth"  
[X Link](https://x.com/ErnestWongBWM/status/1760065898268827730)  2024-02-20T22:16Z [----] followers, [----] engagements


"@premiamgmt @sadvalueinvestr @matt_levine seems relevant"  
[X Link](https://x.com/ErnestWongBWM/status/1760397163928920533)  2024-02-21T20:12Z [----] followers, [--] engagements


"$RACE dividend hike is a bad thing for Canadian shareholders. would much prefer if it was in buybacks or just kept on the balance sheet"  
[X Link](https://x.com/ErnestWongBWM/status/1761034986533134345)  2024-02-23T14:27Z [----] followers, [----] engagements


"@CapitalSpanc That would be Apple or Tesla"  
[X Link](https://x.com/ErnestWongBWM/status/1761913490330059068)  2024-02-26T00:38Z [----] followers, [---] engagements


"Wow. Ben Thompson calling for Sundar Pichai to be replaced"  
[X Link](https://x.com/ErnestWongBWM/status/1762146443928695098)  2024-02-26T16:03Z [----] followers, 182.5K engagements


"$DPZ California's new $20 minimum wage rule will exempt restaurants that sell bread handing a lucrative break on wages to the Panera chain and one of Governor Gavin Newsoms longtime allies https://t.co/fvC7QCfTla California's new $20 minimum wage rule will exempt restaurants that sell bread handing a lucrative break on wages to the Panera chain and one of Governor Gavin Newsoms longtime allies https://t.co/fvC7QCfTla"  
[X Link](https://x.com/ErnestWongBWM/status/1762852668349751485)  2024-02-28T14:50Z [----] followers, [----] engagements


"Unlike in the US where the large part of surplus deposits have already been spent Canadians still have $350 billion in excess deposits particularly in the top 40% of Canadians which helps absorb cash flow challenges from higher rates $RY"  
[X Link](https://x.com/ErnestWongBWM/status/1762898289844720019)  2024-02-28T17:51Z [----] followers, [----] engagements


"You can skip the ESG section for 99% of companies but I think it's worth paying attention for CNQ as their efforts in "E" and "S" are linked to their ability to grow production in the future. Wrote a blog about this before: Me and the boys when we get to the ESG section of the $CNQ report https://t.co/M1UnGkDFCA Me and the boys when we get to the ESG section of the $CNQ report https://t.co/M1UnGkDFCA"  
[X Link](https://x.com/ErnestWongBWM/status/1763277060204536195)  2024-02-29T18:56Z [----] followers, [----] engagements


"You can both think that A) $GOOGL mishandled its response to AI but B) the stock is attractively priced"  
[X Link](https://x.com/ErnestWongBWM/status/1763565530747658612)  2024-03-01T14:02Z [----] followers, 24.9K engagements


"Is there any evidence that country stock markets with low p/e ratios (i.e. Hong Kong today) outperform or mean revert over time"  
[X Link](https://x.com/ErnestWongBWM/status/1764748622925627615)  2024-03-04T20:23Z [----] followers, [----] engagements


"$COST is their partner in crime"  
[X Link](https://x.com/ErnestWongBWM/status/1765508374274166899)  2024-03-06T22:42Z [----] followers, [----] engagements


"No position but Chip Wilson should go activist on $LULU or stop whining about the CEO. What's the benefit of publicly bashing the management of a company you own $4 billion of stock in"  
[X Link](https://x.com/ErnestWongBWM/status/1767596801039733043)  2024-03-12T17:01Z [----] followers, [----] engagements


"$LULU is a near-identical repeat of Papa John and $PZZA. company founder who thinks no one else is qualified to run his company and keeps whining despite being forced to resign due to not being able to keep their big mouth shut"  
[X Link](https://x.com/ErnestWongBWM/status/1767597804938281373)  2024-03-12T17:05Z [----] followers, [---] engagements


"$COST uses stock to buy $PSMT Who says no"  
[X Link](https://x.com/ErnestWongBWM/status/1767927816987853277)  2024-03-13T14:56Z [----] followers, [----] engagements


""Q1 saw the highest adoption of Firefly-powered tools in Photoshop since the release of Generative Fill in May 2023""  
[X Link](https://x.com/ErnestWongBWM/status/1768389861759762588)  2024-03-14T21:32Z [----] followers, [----] engagements


"If a company is planning to buy back stock you want the stock price to go down"  
[X Link](https://x.com/ErnestWongBWM/status/1768396418333454782)  2024-03-14T21:58Z [----] followers, 10.4K engagements


"This is honestly an insane question if you step back and think about it "Your magnitude of beat this quarter was roughly half the absolute beat you've had in past quarters. is this headwind from AI macro or execution""  
[X Link](https://x.com/ErnestWongBWM/status/1768485515471224850)  2024-03-15T03:52Z [----] followers, 13.7K engagements


"Fintwit is so hopeful that Buffett is selling $AAPL Just focus on your own portfolio"  
[X Link](https://x.com/ErnestWongBWM/status/1769062204593078446)  2024-03-16T18:04Z [----] followers, [----] engagements


"@nachkari $WCN is up 15% YTD"  
[X Link](https://x.com/ErnestWongBWM/status/1769803343151419579)  2024-03-18T19:09Z [----] followers, [---] engagements


"Currently demoing Factset. Why are prices delayed when Yahoo Finance is real-time"  
[X Link](https://x.com/ErnestWongBWM/status/1770512556085350792)  2024-03-20T18:07Z [----] followers, 34.8K engagements


"@retaox $COST"  
[X Link](https://x.com/ErnestWongBWM/status/1771160503684886956)  2024-03-22T13:02Z [----] followers, [---] engagements


"$SHAK hires away $PZZA's CEO for a comp plan that is not even that much. Bad look for $PZZA"  
[X Link](https://x.com/ErnestWongBWM/status/1771186087534211552)  2024-03-22T14:44Z [----] followers, [----] engagements


"Nothing is more dangerous in investing than anecdotal evidence "No one I know watches Netflix anymore""  
[X Link](https://x.com/ErnestWongBWM/status/1771251768095060060)  2024-03-22T19:05Z [----] followers, [----] engagements


"What are some public companies that are run like private equity i.e. aggressively operated (price hikes cost discipline incentive structures) levered capital returns. Only non-$TDG answers please"  
[X Link](https://x.com/ErnestWongBWM/status/1772990941608980565)  2024-03-27T14:15Z [----] followers, [----] engagements


"@greedynofear Interesting. do you have any resources to learn more about this company"  
[X Link](https://x.com/ErnestWongBWM/status/1772991952239120456)  2024-03-27T14:19Z [----] followers, [---] engagements


"It seems obvious to me that $ADBE is going to win AI in the enterprise space given their focus on copyright-safe content generation and deep enterprise relationships"  
[X Link](https://x.com/ErnestWongBWM/status/1773060403708223507)  2024-03-27T18:51Z [----] followers, [----] engagements


""Applications like Office [---] and Dynamics [---] will have AI baked-in so that they can help us focus on things that matter the most and get more out of every moment" Satya Nadella in his book Hit Refresh (2017)"  
[X Link](https://x.com/ErnestWongBWM/status/1773390968370147573)  2024-03-28T16:45Z [----] followers, [----] engagements


"Is $EL actually up 7% because you can buy Clinique on Amazon now"  
[X Link](https://x.com/ErnestWongBWM/status/1773408960197832944)  2024-03-28T17:56Z [----] followers, [----] engagements


"Not a shoe guy but feels like $NKE Jordan brand's dominance among NBA stars has taken a huge step back with players much more willing to sign with other brands"  
[X Link](https://x.com/ErnestWongBWM/status/1775904156101771327)  2024-04-04T15:12Z [----] followers, 12.2K engagements


"The most consistent pattern I've seen in my career is that no one ever wants to buy low both for the broad stock market and for individual stocks"  
[X Link](https://x.com/ErnestWongBWM/status/1778140501897544051)  2024-04-10T19:18Z [----] followers, 33.8K engagements


""The nearly 30% increase in equities over the last year continues to propel clients towards re-risking into stocks and bonds." $BLK The most consistent pattern I've seen in my career is that no one ever wants to buy low both for the broad stock market and for individual stocks. The most consistent pattern I've seen in my career is that no one ever wants to buy low both for the broad stock market and for individual stocks"  
[X Link](https://x.com/ErnestWongBWM/status/1778811776823431386)  2024-04-12T15:45Z [----] followers, [----] engagements


"Larry Fink: "Infrastructure private markets are approaching the upward trajectory of their J-curve just as ETFs did at the time of the BGI deal""  
[X Link](https://x.com/ErnestWongBWM/status/1778814858986738102)  2024-04-12T15:58Z [----] followers, 16.5K engagements


""Put another way you private equity idiots have no idea how to farm""  
[X Link](https://x.com/ErnestWongBWM/status/1779186993206796766)  2024-04-13T16:36Z [----] followers, [----] engagements


"Sorry to disappoint everyone but a breakup of $LYV isn't going to lead to lower ticket fees or Eras Tour ticket prices"  
[X Link](https://x.com/ErnestWongBWM/status/1779999873082798213)  2024-04-15T22:26Z [----] followers, [----] engagements


"@nachkari Interesting comment from $BLK that institutions that over-allocated to P/E are being forced to hold cash to meet capital calls and thus missed out on the rally"  
[X Link](https://x.com/ErnestWongBWM/status/1780228597950677233)  2024-04-16T13:35Z [----] followers, [--] engagements


"For an extremely detailed history of Ticketmaster and its extensive track record of being accused of being a monopoly (way pre-dating the Live Nation merger) I highly recommend "Ticket Masters" by Dean Budnick and Josh Baron"  
[X Link](https://x.com/ErnestWongBWM/status/1780229736855171320)  2024-04-16T13:40Z [----] followers, [----] engagements


"@fundhunter_co At the end of the day the issue is still about concert supply and demand which Ticketmaster has nothing to do with. If tickets were fairly priced i.e. balancing supply and demand none of those tricks about the secondary market brokers etc. would matter at all"  
[X Link](https://x.com/ErnestWongBWM/status/1780240663004541391)  2024-04-16T14:23Z [----] followers, [---] engagements


"Are there any examples of deep value names where the company kept buying back stock at let's say 4x earnings and the stock price never went up and the company actually just ended up buying itself out"  
[X Link](https://x.com/ErnestWongBWM/status/1780282019554979897)  2024-04-16T17:08Z [----] followers, 75.1K engagements


"$CNQ What would you put in a "Apple couldn't kill them" portfolio I'd start with $SPOT $GRMN $V what else What would you put in a "Apple couldn't kill them" portfolio I'd start with $SPOT $GRMN $V what else"  
[X Link](https://x.com/ErnestWongBWM/status/1780679966293667842)  2024-04-17T19:29Z [----] followers, 12.2K engagements


"@breadcrumbsre $NFLX- Every legacy media company"  
[X Link](https://x.com/ErnestWongBWM/status/1781526845281685539)  2024-04-20T03:34Z [----] followers, [---] engagements


"$CSGP buying $MTTR is straight out of Andy Florance's playbook: - Buy good company with proprietary technology/dataset - Integrate spatial data library into CoStar Apartments LoopNet - Cross-sell CoStar data into MTTR's customer base - Use CoStar channels to drive Matterport adoption - Use relatively expensive stock as currency http://Homes.com http://Homes.com http://Homes.com http://Homes.com"  
[X Link](https://x.com/ErnestWongBWM/status/1782421162745635284)  2024-04-22T14:48Z [----] followers, 27.8K engagements


"$CSGP playing offense while everyone else is distracted by the antitrust lawsuit"  
[X Link](https://x.com/ErnestWongBWM/status/1782421437740884189)  2024-04-22T14:49Z [----] followers, [----] engagements


"@icemancapital Good example where a successful company became arrogant: $NKE was too confident in their own brand and market position"  
[X Link](https://x.com/ErnestWongBWM/status/1783172347899306221)  2024-04-24T16:33Z [----] followers, [---] engagements


"- Don't take on credit cards or consumer finance (BNPL) - Spend less than you earn - Don't invest in something because someone pitched it on TikTok. there is no such thing as "get rich quick" I was just asked to teach a lesson on financial planning in a high school personal finance class [--]. I consider this a great honor and am really excited to participate [--]. Help me out here: What are 1-2 things you wish you were taught in high school economics or personal I was just asked to teach a lesson on financial planning in a high school personal finance class [--]. I consider this a great honor and am"  
[X Link](https://x.com/ErnestWongBWM/status/1783206888680702078)  2024-04-24T18:50Z [----] followers, [----] engagements


"$CSGP on the US office real estate market"  
[X Link](https://x.com/ErnestWongBWM/status/1783568112568156250)  2024-04-25T18:45Z [----] followers, [----] engagements


"Burger King turnaround is working: had flat traffic in the US vs negative for McDonald's $QSR"  
[X Link](https://x.com/ErnestWongBWM/status/1785349768337649907)  2024-04-30T16:45Z [----] followers, [----] engagements


"Gotta make Patrick Doyle the exec chair of $sbux"  
[X Link](https://x.com/ErnestWongBWM/status/1785420968279634202)  2024-04-30T21:28Z [----] followers, [---] engagements


"Loblaws boycott organizer: "our target is actually all the supermarkets except Costco. We have a lot of love for Costco" $COST"  
[X Link](https://x.com/ErnestWongBWM/status/1785656722230513727)  2024-05-01T13:05Z [----] followers, [----] engagements


"Popeyes +6% comp vs KFC -7%. Burger King traffic flat vs negative for McDonald's. Tim Hortons mid-single digit traffic growth vs Starbucks -7%. $QSR plan is working. The KFC brand in the U.S. is "struggling" and the company is taking steps to reset the brand. But $YUM execs note that it is a small part of its overall operating profit. "It doesn't move the needle in the growth equation." The KFC brand in the U.S. is "struggling" and the company is taking steps to reset the brand. But $YUM execs note that it is a small part of its overall operating profit. "It doesn't move the needle in the"  
[X Link](https://x.com/ErnestWongBWM/status/1785660769318682851)  2024-05-01T13:21Z [----] followers, 22.1K engagements


"Not really what $AAPL historically does but an acquisition of $PTON (antitrust aside) makes a lot of sense at current prices"  
[X Link](https://x.com/ErnestWongBWM/status/1786027255287710142)  2024-05-02T13:37Z [----] followers, [----] engagements


"@thecashman22 What resorts could they buy that are both good and not part of Intrawest"  
[X Link](https://x.com/ErnestWongBWM/status/1786107401000620428)  2024-05-02T18:56Z [----] followers, [---] engagements


"$TFII on the Daseke acquisition "We believe we're buying at a very reasonable price in a very depressed market. the probability of going down a bit is way less than the probability to go up like crazy over the next 2-3 years""  
[X Link](https://x.com/ErnestWongBWM/status/1786116979910156564)  2024-05-02T19:34Z [----] followers, [----] engagements


"$LYV - DoJ unlikely to seek breakup. investigation not focused on practices crossing both ticketing/promotion - Business is very decentralized. each segment (ticketing promotion venues) can run as standalone - Business remains very strong both on demand and supply side"  
[X Link](https://x.com/ErnestWongBWM/status/1786229075176005943)  2024-05-03T02:59Z [----] followers, [----] engagements


"Imo it's underappreciated how experienced $LYV and its predecessors are defending itself against antitrust"  
[X Link](https://x.com/ErnestWongBWM/status/1786231174181830790)  2024-05-03T03:07Z [----] followers, [----] engagements


"$TFII's commentary on the "Driver Inc" issue needs more attention where trucking companies that use immigrants as contractors with no benefits are undercutting those that employ drivers as employees. These would be the types of things that actually help the middle class"  
[X Link](https://x.com/ErnestWongBWM/status/1786415817665487033)  2024-05-03T15:21Z [----] followers, [----] engagements


"So Berkshire selling $AAPL because he's worried about taxes"  
[X Link](https://x.com/ErnestWongBWM/status/1786768169140396301)  2024-05-04T14:41Z [----] followers, [----] engagements


"Just noticed Buffett isn't drinking Coke 🤔"  
[X Link](https://x.com/ErnestWongBWM/status/1786771236132978757)  2024-05-04T14:53Z [----] followers, 10.3K engagements


"@JasonGreenwal12 He was on the board at that point so a bit different"  
[X Link](https://x.com/ErnestWongBWM/status/1786772191045951569)  2024-05-04T14:57Z [----] followers, [---] engagements


"The single most important figure for $AAPL is that 90% of teens choose iPhone and want iPhones as their next smartphone"  
[X Link](https://x.com/ErnestWongBWM/status/1787504425562489061)  2024-05-06T15:27Z [----] followers, 61.9K engagements


"$WCN on new EPA PFAS regulations "Traditionally uniform new federal regulations are very good for well-capitalized public companies. it creates a price opportunity that generally exceeds the cost to comply and also creates an M&A catalyst""  
[X Link](https://x.com/ErnestWongBWM/status/1787537322340147407)  2024-05-06T17:38Z [----] followers, [----] engagements


"@_tbpa_ It's hypothetically plausible that the iPhone gets disrupted. Seems to me though that there's a lot of wishful thinking that the iPhone is getting disrupted despite every data point suggesting otherwise"  
[X Link](https://x.com/ErnestWongBWM/status/1787541440501096490)  2024-05-06T17:54Z [----] followers, [---] engagements


"@valuations_ Now do $AAPL"  
[X Link](https://x.com/ErnestWongBWM/status/1787985175290233146)  2024-05-07T23:17Z [----] followers, [---] engagements


"@ErinDGreenfield Very good exhibit on why stock based comp is a real expense if you compare $EA's buybacks to their actual share count reduction over the years"  
[X Link](https://x.com/ErnestWongBWM/status/1788370670776201481)  2024-05-09T00:49Z [----] followers, [---] engagements


"Got a flat tire this weekend: went to $COST tire center who charged me $12 for the repair. During the [--] minute wait I spent $120 inside the store. #greatbusiness"  
[X Link](https://x.com/ErnestWongBWM/status/1789837107357200701)  2024-05-13T01:56Z [----] followers, 10.9K engagements


"$CSU has essentially been doing this already through the Topicus and Lumine spin-offs Did Mark Leonard just say he would use $CSU shares in the right deal Did Mark Leonard just say he would use $CSU shares in the right deal"  
[X Link](https://x.com/ErnestWongBWM/status/1790035585958138029)  2024-05-13T15:05Z [----] followers, [----] engagements


"Really have to admire $NFLX's pace of execution from announcing an ad-supported tier to having 40m users and an in-house ad stack in under [--] years"  
[X Link](https://x.com/ErnestWongBWM/status/1790830782048506153)  2024-05-15T19:45Z [----] followers, [----] engagements


"Anyone have a link for the DoJ $LYV complaint"  
[X Link](https://x.com/ErnestWongBWM/status/1793661470586347733)  2024-05-23T15:13Z [----] followers, [----] engagements


"Lots of similarities between the DoJ's cases against Google and Live Nation: big focus on whether payments to be the default Search option on iPhone or exclusive ticketing provider for venues is anticompetitive"  
[X Link](https://x.com/ErnestWongBWM/status/1793778021008306528)  2024-05-23T22:56Z [----] followers, [----] engagements


"$LYV exists because the entire industry wants it to be this way. Notice how no artists or venues are coming out in favor of the DoJ's case Excellent graphic by the @WSJ showing where the money being spent on a concert is going to across the value chain. (varies case by case but this is the general idea for a big act) https://t.co/PxHNT5DGmd Excellent graphic by the @WSJ showing where the money being spent on a concert is going to across the value chain. (varies case by case but this is the general idea for a big act) https://t.co/PxHNT5DGmd"  
[X Link](https://x.com/ErnestWongBWM/status/1796202659159884270)  2024-05-30T15:31Z [----] followers, [----] engagements


"$COST is kicking ass in appliances/bulky items: e-commerce comp of +21% vs -6% for $BBY"  
[X Link](https://x.com/ErnestWongBWM/status/1796276760532701685)  2024-05-30T20:25Z [----] followers, [----] engagements


"Analyst: Why would you even want to increase the membership fee $COST CFO: Fee increases go back to members in lower prices and allows us to broaden that distance from the competition"  
[X Link](https://x.com/ErnestWongBWM/status/1796541388311724541)  2024-05-31T13:56Z [----] followers, [----] engagements


"Every company says some iteration of this when raising prices but Costco is probably the only company where customers will trust the management on this"  
[X Link](https://x.com/ErnestWongBWM/status/1796541886389428673)  2024-05-31T13:58Z [----] followers, [----] engagements


"What is the average demographic of Uber One members"  
[X Link](https://x.com/ErnestWongBWM/status/1797721205664801120)  2024-06-03T20:05Z [----] followers, [----] engagements


"Interesting that some companies like $DPZ and $COST are partnering with $UBER lately to access their customer base"  
[X Link](https://x.com/ErnestWongBWM/status/1797721761603027441)  2024-06-03T20:07Z [----] followers, [----] engagements


"Great writeup from @NonGaap on $WSO's unique culture and incentive structure. "Their "retirement age" vesting schedule serves as the lynchpin in making the M&A model work and keeping acquisitions aligned with the company" https://www.nongaap.com/p/new-series-corp-governance-lightutm_source=post-email-title&publication_id=19378&post_id=145219011&utm_campaign=email-post-title&isFreemail=true&r=2wo2p&triedRedirect=true&utm_medium=email"  
[X Link](https://x.com/ErnestWongBWM/status/1798011000660386096)  2024-06-04T15:16Z [----] followers, [----] engagements

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