3-Bullet Sunday (eCommerce crash course, Oprah Winfrey book and Charles Munger interview)
Hi everyone!
Hope you enjoy this week’s 3-bullet Sunday :)
I. 🧵 Evaluating eCommerce businesses
Often investors and analysts place a lot of focus on the gross merchandise value (GMV) transacted on an eCommerce platform.
But this could be misleading as GMV could be manipulated in the short run and strong GMV growth doesn’t tell us whether it’s high-quality growth that’s sticky and recurring or is it just a one-off occurrence.
Click on the thread to find out how to evaluate eCommerce platform growth!
II. 📖 Book I’m Reading
Our earliest experiences shape our lives far down the road and this book provides powerful scientific and emotional insights into the behavioral patterns we exhibit as adults.
III. 📽 Charles Munger Interview - Becoming Warren Buffett
Love this 35-minutes behind-the-scenes interview.
My favorite quote “The dumbest thing you can do in life is to ever feel like a victim.”