Good stuff from @mebfaber:

Cloning Buffett's 13F has beaten the S&P full cycle since 2000 by about 4 percentage points per year, placing it in the top 1% of all mutual funds. But would have underperformed the market 8 of the past 10 years.https://t.co/aPiI5o54FU

— Tobias Carlisle (@Greenbackd) February 19, 2018

A classic, from Einhorn in 2006. See, the ROE discussion beginning on page 4.
"This is why I prefer low ROEs. Great things happen to earnings when a 10% ROE becomes a 15% ROE."https://t.co/niGAgmt2Am

— Chris Mayer (@chriswmayer) February 19, 2018

My Full Transcript of the 2018 Daily Journal Annual Meeting. https://t.co/iiK5PaS2jp #CharlieMunger #DJCO #DailyJournal

— Richard Lewis (@Latticework1) February 19, 2018

EBITDA’s dominance over EBITA in explaining valuations has been declining over time, while the performance difference between EBITA and EBIT has been increasing. https://t.co/DgORWaa28N

— Danton Qu (@DantonQu) February 21, 2018

I have studied private equity for the past 7 years. I just published this article that summarizes everything I have learned.https://t.co/3oZk4DpdJ4

— Dan Rasmussen (@verdadcap) February 20, 2018

*(Updated to include a transcript of his first Periscope)* Naval Ravikant on Reading, Happiness, Systems for Decision Making, Habits, Honesty and More https://t.co/0MuWZ1EsNz

— Shane Parrish (@farnamstreet) February 17, 2018