jeff gramm @jeff_gramm Twitter profile

Last Seen Profiles

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jeff gramm

@jeff_gramm

4 years

I think Ackman is sincere and has good intentions re COVID, but advocating for full lockdown and saying Hilton is “going to zero,” while having a huge credit short on, and then covering said short two trading days later and buying Hilton, is a bad look.

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jeff gramm

@jeff_gramm

6 years

I just overheard my 7 year-old whispering to his friend, "my dad is a weirdo" to which she responded "he really is!"

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jeff gramm

@jeff_gramm

5 years

RIP Ross Perot - here are some maxims passed down from his cotton trader father:

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jeff gramm

@jeff_gramm

3 years

Front row seats to the Gannett show in Queens:

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jeff gramm

@jeff_gramm

6 years

Klarman did an interview with the New Yorker and weirdly it has not flooded my (fin)twitter feed:

The Investor Seth Klarman, in a Rare Interview, Offers a Warning. Davos Should Listen

Klarman, a low-key but highly influential investor, believes that shortsighted business practices are imperilling public confidence in capitalism.

www.newyorker.com

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jeff gramm

@jeff_gramm

7 years

I'm gonna go ahead and call bullshit on this promoted tweet claiming the average CEO reads 60 books a year.

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jeff gramm

@jeff_gramm

7 months

I'm very excited to be teaching the Shareholder Activism class at Columbia Business School this semester w/Terry Kontos. Here's the course description we wrote:

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jeff gramm

@jeff_gramm

7 years

I recently became chairman of a public company -- I didn't realize Warren Buffett sent ominous messages out to all new chairmen:

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jeff gramm

@jeff_gramm

2 years

You folks really think this thing is gonna destroy Google???

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jeff gramm

@jeff_gramm

5 years

I got into college the old fashioned way - i picked a place in a frozen city with a reputation for misery and a 65% acceptance rate.

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jeff gramm

@jeff_gramm

2 years

My wife interviewed our 10yo son today for kicks and here was his answer about what I do for a living. It’s a pretty good description of managing a fund:

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jeff gramm

@jeff_gramm

5 years

Who going?

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jeff gramm

@jeff_gramm

2 years

The Twitter board clearly needs to go back to Elon and ask for $69.420. No brainer.

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jeff gramm

@jeff_gramm

1 year

I feel like I’ve spent many a day in my investing career marveling at a Bill Martin home-run. Many congrats to a great investor.

Raging Capital Ventures

@RagingVentures

2 years

Silicon Valley Bank $SIVB reports earnings tomorrow Investors have rightfully been fixated on $SIVB's large exposure to the stressed venture world, with the stock down a lot. However, dig just a little deeper, and you will find a much bigger set of problems at $SIVB... 1/10

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jeff gramm

@jeff_gramm

6 years

I shared a table with Cialdini at a book event. I was handing out free printouts of a chapter, but not selling any books. Dr. C gave me a little script to tell people when I gave them the chapter — I sold like 15 books in the next 30 minutes.

Barry Ritholtz

@Ritholtz

6 years

Dr. Robert Cialdini author of "Influence: Science and Practice" has sold 3 million copies in more than 30 languages; @RobertCialdini His most recent work, "Pre-Suasion: A Revolutionary Way to Influence and Persuade," Now on iTunes

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jeff gramm

@jeff_gramm

4 years

Investors of my generation who shit on r/wallstreetbets forget how much we learned from msg boards during the dotcom bubble. Even in speculative times, there was great analysis there from @DanielSLoeb1 , Burry,etc. Shouldn't we root for the upstarts here? Level the playing field!

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jeff gramm

@jeff_gramm

2 years

Todd Combs is speaking at @Columbia_Biz ’s Heilbrunn Center Breakfast on October 28th - he doesn’t often do events like this so it is a rare opportunity.

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jeff gramm

@jeff_gramm

7 years

Columbia's Schloss Archive has letters written by Buffett that nobody knows about and that aren't archived on this site. I quoted one in DC.

Michael Mauboussin

@mjmauboussin

7 years

Value investors, enjoy!

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jeff gramm

@jeff_gramm

6 years

13 years ago, Dan Loeb sent his Valentine's Day massacre letter to Star Gas. My valentine to you is a free copy of the chapter I wrote about Loeb and hedge fund activism in Dear Chairman:

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jeff gramm

@jeff_gramm

5 years

I keep seeing this, but people seem to forget that DPZ was quite leveraged at IPO and almost a microcap. Give Google the same leverage at IPO and its return would be absurd.

Charlie Bilello

@charliebilello

5 years

Two revolutionary companies went public in the summer of 2004. These are their returns... Google: +2,228% Domino's Pizza: +4,196%

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jeff gramm

@jeff_gramm

6 years

Sick kid reading day

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jeff gramm

@jeff_gramm

6 years

#1 in Investing!! Irrelevant no longer @michaelbatnick

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jeff gramm

@jeff_gramm

4 years

@patrick_oshag You’ve read this puppy right? Bruce’s main thesis is that most competitive moats are regional economies of scale.

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jeff gramm

@jeff_gramm

3 years

After many years as a fund manager I’ve learned that I prefer running fully invested. Cash balances become “market timing” levers that are dangerously tempting (to me, at least). So … when I have excess cash I start frantically searching for new ideas. What’s good, fintwit?

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jeff gramm

@jeff_gramm

5 years

Lots of good investing lessons in this article about my brother, @truxtonstables :

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jeff gramm

@jeff_gramm

7 years

About five years ago I wrote the attached memo about why it made sense for Burger King to buy Popeyes. @jonathanmaze @BrianSozzi

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jeff gramm

@jeff_gramm

5 months

Even just a passing mention in Matt Levine’s column is a thrill!!!

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jeff gramm

@jeff_gramm

2 years

While I took a 100% loss on my Mega Millions lottery tickets tonight, I remain very confident in my rigorous, analytical process. This hard work will eventually pay off, and I look forward to the upcoming Powerball drawing. #trusttheprocess #processoverresult #deferredgains

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jeff gramm

@jeff_gramm

4 years

Off we go!

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jeff gramm

@jeff_gramm

4 years

The second-born left out the saddest of notes:

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jeff gramm

@jeff_gramm

3 years

I spent a few days at the place in Montauk where Bernie Madoff threw his annual company parties, and I found this sweet shirt (cc @dianabhenriques )—>

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jeff gramm

@jeff_gramm

3 years

Perhaps my best ever day birding came earlier this year in Queens — we ran into this cutie as well as a cloud of Gannets:

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jeff gramm

@jeff_gramm

6 years

Dear Chairman is one of six new additions to Bookworm at the Berkshire Hathaway meeting:

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jeff gramm

@jeff_gramm

7 years

Ben Graham walked in here 90 years ago to confront Northern Pipeline's management. Today --> eye doctor appointment.

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jeff gramm

@jeff_gramm

6 years

Library of Mistakes, a finance library in Edinburgh, Scotland cc @michaelbatnick

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jeff gramm

@jeff_gramm

3 years

Hotel rooms in Omaha!

Yaron Naymark

@1MainCapital

3 years

So what’s everyone panic buying today?

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jeff gramm

@jeff_gramm

7 years

I feel like every single time I've been in an airport over the last 25 years, there's been a People magazine with Princess Di on the cover.

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jeff gramm

@jeff_gramm

4 years

My kid has destroyed his credibility in the license plate game by insisting he just saw Antarctica.

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jeff gramm

@jeff_gramm

4 years

1/ I met Rick Guerin many years ago in Omaha. He had some great stories about his early days managing money alongside Buffett and Munger.

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jeff gramm

@jeff_gramm

3 years

My value investing teaching partner, Terry Kontos, and I haven't taught since the 2016-2017 academic year, but we are thinking of getting the band back together.

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jeff gramm

@jeff_gramm

3 months

@atomly the flyers were distributed at a Jerry Garcia vigil in Grant Park the night he died. i wish i had a better memory of who was involved. i know Dan Lav wrote the flyer, with some funny lyrical references. i don't remember who had the idea. . . James Black provided Steve's digits.

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jeff gramm

@jeff_gramm

3 years

I am surprised at the lack of $PSTH outrage. I get that in the world of finance almost everyone sacrifices integrity and cashes in on their reputation at some point, and I get that SPACs are tailor-made to execute this, but still. . . this is such a lame deal.

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jeff gramm

@jeff_gramm

6 years

My book Dear Chairman came out two years ago today! My wife's surprise pubdate cake was prophetic: 5 of those 6 people ended up praising the book.

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jeff gramm

@jeff_gramm

4 years

Hmm, thinking of sending @morganhousel ’s book to our investors with the annual letter, but is *every* fund doing that same thing? “To celebrate our unique and contrarian investment strategy, please enjoy your ninth copy of a book that you have already read twice!”

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jeff gramm

@jeff_gramm

5 years

Not a knock on Ackman, he is a good investor and we all have rough patches, but if you are down 35% over three years and then up 40% in a few months, you are still underwater. This reminds me of all those Bill Miller articles after his -60% year.

Bill Ackman thanks Warren Buffett for Pershing Square's turnaround

Activist investor Bill Ackman attributes a key investing insight to Warren Buffett.

finance.yahoo.com

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jeff gramm

@jeff_gramm

3 years

My interests in value investing and music rarely overlap, but I recently visited the cabin where legendary investor William Ruane would escape to read annual reports, and where legendary Boston show-promoter Billy Ruane would go fishing as a kid.

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jeff gramm

@jeff_gramm

3 years

Berkshire 2022 is *on* - who's going?

The Globe and Mail

@globeandmail

3 years

Buffett plans in-person Berkshire annual meeting as Omicron wave crests

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jeff gramm

@jeff_gramm

6 years

A postcard from Maine:

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jeff gramm

@jeff_gramm

4 years

@zinoman Whatever @mishacollins did tonight is trending above the President’s insane rant undermining our democracy!! Respect.

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jeff gramm

@jeff_gramm

3 years

Wow these folks added a lot of words to these five: “unrealized gains are not taxed”

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jeff gramm

@jeff_gramm

6 years

54 years ago today, Warren Buffett wrote to American Express CEO Howard Clark about the salad oil swindle. Please enjoy the full story in this excerpt from my book Dear Chairman - .

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jeff gramm

@jeff_gramm

3 years

Interspecies love child! Brant x Snow Goose hybrid at Canarsie Pier:

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jeff gramm

@jeff_gramm

3 years

@BrentBeshore You just gotta smoke a big ass joint at the end and you’ll be fine.

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jeff gramm

@jeff_gramm

6 years

Was a real honor to meet Ross Perot today with good buds @BrentBeshore and James Pappas. Ross’s grandson, Patrick, generously hosted us.

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jeff gramm

@jeff_gramm

5 years

Buffett walks in 2019:

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jeff gramm

@jeff_gramm

1 year

NYC birdwatching dilemma - do you pick up this dollar or not?

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jeff gramm

@jeff_gramm

3 years

Bandera v. Boardwalk:

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jeff gramm

@jeff_gramm

4 years

I did it—->

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jeff gramm

@jeff_gramm

1 year

It’s happening! Terry and I will be back at Columbia Business School for the 2023-2024 academic year. We are teaching a class about … shareholder activism! (COVID hair likely not included) #corpgov

jeff gramm

@jeff_gramm

3 years

My value investing teaching partner, Terry Kontos, and I haven't taught since the 2016-2017 academic year, but we are thinking of getting the band back together.

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jeff gramm

@jeff_gramm

7 years

I dunno what Friday night has in store, but maybe, if the stars align, I'll get in a huge fight with a 7-year-old about a piece of broccoli

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jeff gramm

@jeff_gramm

7 years

32 years ago today, Ross Perot wrote the best Dear Chairman letter I've seen. Here's a free copy of my GM chapter:

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jeff gramm

@jeff_gramm

1 year

Warren Buffett doesn’t make as many book/media recommendations these days but he just said folks should watch @elonmusk on @billmaher

Bill Maher

@billmaher

1 year

Finally got to talk to the guest I've wanted to have on @HBO @RealTimers more than any other - Thank you, @ElonMusk !

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jeff gramm

@jeff_gramm

1 year

Buffett is rambling way less this year and is focused on giving reasonably concise answers. I was worried last year would be a turning point in the quality of the Q&A and I was wrong.

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jeff gramm

@jeff_gramm

3 years

A nice thread from Campbell about Value Investors Club. I posted my first idea on the site 18+ years ago (!) and still log in almost daily.

Campbell Wilson

@Campbell__W

3 years

When I joined the endowment world 17 years ago, I quickly realized many fund managers we interviewed were active participants on Value Investors Club (VIC). A quick thread on VIC, including 10 of my favorite historical ideas 👇

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jeff gramm

@jeff_gramm

3 years

Played Monopoly with the kids today - Parker Brothers really nailed it when they made it a *penalty* to be elected Chairman of the Board -->

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jeff gramm

@jeff_gramm

6 years

Bookwormin'

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jeff gramm

@jeff_gramm

6 years

Warren arrives

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jeff gramm

@jeff_gramm

4 years

Staying up late looking at a lot of stocks that are down 35% but still not that cheap ☹️

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jeff gramm

@jeff_gramm

4 years

Ok value investor folks - are you ready to have this chat yet? What was the dumbest thing you did during the March pandemic meltdown? I just came across this page of doodles and it made me weep.

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jeff gramm

@jeff_gramm

6 years

I wrote a Dear Chairman letter to Loews Corporation:

Bandera Partners Issues Public Letter to Board of Loews Corporation Regarding Boardwalk Pipeline...

/PRNewswire/ -- Bandera Partners LLC, a significant unitholder of Boardwalk Pipeline Partners, LP (NYSE: BWP), announced today that it has issued a public...

www.prnewswire.com

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jeff gramm

@jeff_gramm

7 years

Pretty terrible investment advice from Winnie the Pooh:

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jeff gramm

@jeff_gramm

6 years

@ReformedBroker @RitholtzWealth @billsweet Key steps to learning to invest: 1) get screwed using margin 2) get screwed buying options 3) get screwed buying someone else's idea 4) get screwed by a disappearing "moat" around a business 5) get screwed by bad M&A 6) get screwed by a lousy board and mgmt

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jeff gramm

@jeff_gramm

1 month

Dear Chairman #11 on this @Forbes list of 25 Greatest Investment Books Ever Written 🔥

My Value Picks

@myvaluepicks

1 month

📚 The 25 Greatest Investment Books Ever Written By @Daugherty_Twit , @Forbes 1. The Intelligent Investor by Benjamin Graham 2.Common Stocks and Uncommon Profits by Philip A. Fisher 3. The Essays of Warren Buffett Lessons for Corporate America by Warren Buffett and Lawrence

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jeff gramm

@jeff_gramm

5 years

I’ve reconciled myself to the idea that my kids will one day listen to crappy music, but what do I do about this shit?

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jeff gramm

@jeff_gramm

3 months

Roadtrip to Berkshire Hathaway started in El Paso - we drove 1500+ miles tagging Big Bend and traveling less than 100 miles on major interstates. DM me for tonight’s Omaha party details. Also Mr Toad w/ @BrentBeshore immediately post-meeting.

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jeff gramm

@jeff_gramm

3 years

I often think about a quote from Alex von Furstenburg (possibly apocryphal), teasing deep value guys: “you spend all this time and energy investing in crappy companies, I bought Visa and went to the beach for a few years.”

Brandon Beylo

@marketplunger1

3 years

Investing is truly one of the highest asymmetric payoff games in the world. You can spend a few days/weeks studying a new investment idea. And if it works, you can reap the financial rewards for DECADES. There is no other game like it.

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jeff gramm

@jeff_gramm

7 years

I own stock in a heating company. Like 7 yrs ago, I'd track the weather daily so I knew volumes in real time. I did this cause I worked much harder back then. . .and was a moron. #longterminvesting

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jeff gramm

@jeff_gramm

7 years

@MohnishPabrai face-out at Newark Airport:

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jeff gramm

@jeff_gramm

3 years

@StockJabber I fetishized originality for most of my career and have come to realize that this mindset really held me back.

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jeff gramm

@jeff_gramm

3 years

I still love Berkshire annual letter day, but I did not appreciate how much I enjoyed and responded to Buffett’s Omaha meeting hype. I’m supposed to be looking at $950 middle seats to Omaha right now.

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jeff gramm

@jeff_gramm

3 years

It’s hard to believe, but my book Dear Chairman turned five years old today. Thanks to all of you who took the time to read it!!

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jeff gramm

@jeff_gramm

7 years

A paragraph from Dear Chairman about Buffett and concentrated investing to comfort you post-meeting!

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jeff gramm

@jeff_gramm

7 years

I need one of you clever millenials to program my computer to punch me in the face every time I try to book a 7am or earlier flight.

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jeff gramm

@jeff_gramm

6 years

I’ve read reports that shareholder activism is at a record high. My book Dear Chairman is $2.99 on Kindle right now, and explains how we got here:

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jeff gramm

@jeff_gramm

3 years

We saw three pheasants in Brooklyn today —>

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jeff gramm

@jeff_gramm

3 years

I listen to Invest Like the Best religiously and it seems surreal at this point that I was the first guest. Such an honor! Business Breakdowns has been superb as well.

Patrick OShaughnessy

@patrick_oshag

3 years

If you like someone’s work, you should reach out to them. I just realized first five podcast episodes back in 2016 were just five authors I really liked and cold emailed. I still do this all the time and there’s nothing more fun than meeting someone whose work you respect.

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jeff gramm

@jeff_gramm

4 years

At this point I’m expecting a “COVID-19 Update” email from whoever keeps leaving their dog’s shit in my garbage can.

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jeff gramm

@jeff_gramm

3 years

Empire of Pain by @praddenkeefe , a three-generation history of the Sackler dynasty, is a masterpiece – definitely one of the best business books I have ever read.

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jeff gramm

@jeff_gramm

7 years

Sports fandom is a waste of precious time but at least it delivers deep deep unhappiness.

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jeff gramm

@jeff_gramm

6 years

Someone recently alerted me to this sweet picture by @SallyPancakes of Warren Buffett *sprinting* to buy a copy of my book:

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jeff gramm

@jeff_gramm

3 years

Came across a fox family today that kinda reminds me of my family:

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jeff gramm

@jeff_gramm

7 years

Question - would you read a book about Valeant or are you too tired of the story? I'm tempted to write one. Is anyone else doing it?

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jeff gramm

@jeff_gramm

7 years

To be clear, I don't blame American Airlines or anything else but my own stupidity on this one:

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jeff gramm

@jeff_gramm

4 years

Hmm whose car is this and should I leave a copy of my book on their hood??

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jeff gramm

@jeff_gramm

2 years

Just got back home from a grueling trip with 1900 miles of driving and only 4 hours of sleep per night. I gotta say it was a welcome break from the demands of parenting.

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jeff gramm

@jeff_gramm

2 years

I still find it crazy that @eisingerj and @propublica published details (stolen from the IRS) about this man’s retirement account. He’s not a public figure or a CEO … Is he even an officer of a public company?