Eugene Ng
@eugeneng.bsky.social
Founder @ Vision Capital Fund. Investor, author, angel. Invest in companies that reflect our best vision for our future. Musings on investing, business & life.
Running and growing.
Run too fast, and you can’t run for long.
Run slower, and you can run for longer.
With too much sunlight, trees grow too fast and weaker.
With less sunlight, trees grow slower and stronger.
Run slower for longer and grow slower to be stronger.
Run too fast, and you can’t run for long.
Run slower, and you can run for longer.
With too much sunlight, trees grow too fast and weaker.
With less sunlight, trees grow slower and stronger.
Run slower for longer and grow slower to be stronger.
December 14, 2024 at 1:43 AM
Running and growing.
Run too fast, and you can’t run for long.
Run slower, and you can run for longer.
With too much sunlight, trees grow too fast and weaker.
With less sunlight, trees grow slower and stronger.
Run slower for longer and grow slower to be stronger.
Run too fast, and you can’t run for long.
Run slower, and you can run for longer.
With too much sunlight, trees grow too fast and weaker.
With less sunlight, trees grow slower and stronger.
Run slower for longer and grow slower to be stronger.
Relentless.
Be relentless. It is difficult for others to compete with you.
Have a strong work ethic. When you do the work, you eliminate fear.
Dare to venture; you will not conquer the oceans if you stay within sight of the shore.
Be relentless. It is difficult for others to compete with you.
Have a strong work ethic. When you do the work, you eliminate fear.
Dare to venture; you will not conquer the oceans if you stay within sight of the shore.
December 13, 2024 at 11:16 PM
Relentless.
Be relentless. It is difficult for others to compete with you.
Have a strong work ethic. When you do the work, you eliminate fear.
Dare to venture; you will not conquer the oceans if you stay within sight of the shore.
Be relentless. It is difficult for others to compete with you.
Have a strong work ethic. When you do the work, you eliminate fear.
Dare to venture; you will not conquer the oceans if you stay within sight of the shore.
Japanese stocks cheap for a reason?
They have the lowest ROE.
US stocks expensive?
They have the highest ROE.
Don’t just look at price alone.
Consider all other factors as well.
They have the lowest ROE.
US stocks expensive?
They have the highest ROE.
Don’t just look at price alone.
Consider all other factors as well.
December 13, 2024 at 3:31 AM
Japanese stocks cheap for a reason?
They have the lowest ROE.
US stocks expensive?
They have the highest ROE.
Don’t just look at price alone.
Consider all other factors as well.
They have the lowest ROE.
US stocks expensive?
They have the highest ROE.
Don’t just look at price alone.
Consider all other factors as well.
Waymo going for Uber and Lyft in San Francisco.
December 12, 2024 at 11:21 PM
Waymo going for Uber and Lyft in San Francisco.
Global Enterprise AI expected to grow at 19.5% CAGR to hit $2.5T by 2032.
Estimates are going to be precisely wrong, more important to be thinking directionally, and to be approximately right instead.
Interesting to think about which winners could most likely dominate here in the years to come.
Estimates are going to be precisely wrong, more important to be thinking directionally, and to be approximately right instead.
Interesting to think about which winners could most likely dominate here in the years to come.
December 11, 2024 at 11:14 PM
Global Enterprise AI expected to grow at 19.5% CAGR to hit $2.5T by 2032.
Estimates are going to be precisely wrong, more important to be thinking directionally, and to be approximately right instead.
Interesting to think about which winners could most likely dominate here in the years to come.
Estimates are going to be precisely wrong, more important to be thinking directionally, and to be approximately right instead.
Interesting to think about which winners could most likely dominate here in the years to come.
Amazon’s advertising revenues.
December 11, 2024 at 10:42 PM
Amazon’s advertising revenues.
Shopify Black Friday Cyber Monday global sales.
2024 BFCM +24% BF +22%.
2024 BFCM +24% BF +22%.
December 11, 2024 at 10:38 PM
Shopify Black Friday Cyber Monday global sales.
2024 BFCM +24% BF +22%.
2024 BFCM +24% BF +22%.
GLP-1s being significantly more expensive in the US than other countries.
December 11, 2024 at 9:58 PM
GLP-1s being significantly more expensive in the US than other countries.
As a reminder, markets do not always keep going up.
Always be prepared for significant price declines, which could present strong and attractive buying opportunities for long-term investors.
Always be prepared for significant price declines, which could present strong and attractive buying opportunities for long-term investors.
December 11, 2024 at 4:08 AM
As a reminder, markets do not always keep going up.
Always be prepared for significant price declines, which could present strong and attractive buying opportunities for long-term investors.
Always be prepared for significant price declines, which could present strong and attractive buying opportunities for long-term investors.
Adyen overtaking Square in in-store POS payment volume.
December 10, 2024 at 2:58 AM
Adyen overtaking Square in in-store POS payment volume.
China’s overcapacity in car manufacturing which keeps rising, compared to domestic sales has been largely flat (since 2016), thus the need to export them overseas (since 2020).
December 8, 2024 at 10:05 PM
China’s overcapacity in car manufacturing which keeps rising, compared to domestic sales has been largely flat (since 2016), thus the need to export them overseas (since 2020).
Interesting chart of quality versus speed versus price for LLM models from The State of AI Report 2024.
December 7, 2024 at 11:36 PM
Interesting chart of quality versus speed versus price for LLM models from The State of AI Report 2024.
Markets are back to all-time highs, which coincides with companies' all-time high earnings.
Instead of being price-focused, focus on the business fundamentals and whether the companies can continue to grow revenues, profits, and free cash flows.
Instead of being price-focused, focus on the business fundamentals and whether the companies can continue to grow revenues, profits, and free cash flows.
December 7, 2024 at 7:23 AM
Markets are back to all-time highs, which coincides with companies' all-time high earnings.
Instead of being price-focused, focus on the business fundamentals and whether the companies can continue to grow revenues, profits, and free cash flows.
Instead of being price-focused, focus on the business fundamentals and whether the companies can continue to grow revenues, profits, and free cash flows.
Central bank buying and gold prices.
December 7, 2024 at 7:08 AM
Central bank buying and gold prices.
USD in SWIFT payments.
December 7, 2024 at 3:00 AM
USD in SWIFT payments.
TSMC winning 2/3 of the foundry market share that Samsung lost.
December 6, 2024 at 11:35 PM
TSMC winning 2/3 of the foundry market share that Samsung lost.
Looks like we could have more AI-Robots coming to us, in autonomous vehicles, domestic cleaning robots, and humanoids. (forecasts from Citi GPS)
December 5, 2024 at 10:10 PM
Looks like we could have more AI-Robots coming to us, in autonomous vehicles, domestic cleaning robots, and humanoids. (forecasts from Citi GPS)
Shopify‘s Black Friday and Cyber Monday Sales.
December 5, 2024 at 10:00 PM
Shopify‘s Black Friday and Cyber Monday Sales.
TSMC global foundry market share.
December 5, 2024 at 9:57 PM
TSMC global foundry market share.
It is important to be thinking about the next innovation cycle as they are getting increasingly shorter, of what could be, and where we are in it.
December 5, 2024 at 2:48 AM
It is important to be thinking about the next innovation cycle as they are getting increasingly shorter, of what could be, and where we are in it.
How Data Center growth could look like over the next 5 years.
December 5, 2024 at 2:48 AM
How Data Center growth could look like over the next 5 years.
The long-term driver of market returns are earnings growth.
December 5, 2024 at 2:37 AM
The long-term driver of market returns are earnings growth.
Value.
Money earned represents the value that one creates. It is the exchange of value that people create.
You receive value when you create value.
Focus on creating enormous value for others. When you can keep doing it, you can take a small portion of it along the way.
Money earned represents the value that one creates. It is the exchange of value that people create.
You receive value when you create value.
Focus on creating enormous value for others. When you can keep doing it, you can take a small portion of it along the way.
creates.is
December 5, 2024 at 2:32 AM
Value.
Money earned represents the value that one creates. It is the exchange of value that people create.
You receive value when you create value.
Focus on creating enormous value for others. When you can keep doing it, you can take a small portion of it along the way.
Money earned represents the value that one creates. It is the exchange of value that people create.
You receive value when you create value.
Focus on creating enormous value for others. When you can keep doing it, you can take a small portion of it along the way.
Impressive that Databricks is really closing the revenue gap on Snowflake.
December 4, 2024 at 2:24 PM
Impressive that Databricks is really closing the revenue gap on Snowflake.