People associate Twitter with short bursts about breaking news.
Increasingly, financial professionals are using the platform to share insights and interests.
Dan Loeb, the founder of Third Point, is a great example. Along with Ray Dalio, he is among the most prominent hedge fund managers in the growing “Fintwit” movement on social media.
Loeb posts not only about investment strategies, but also about the travel, books and people that influence his thinking. What I’ve learned about Loeb following him:
Places he’s traveled:
Israel in April to meet VCs, entrepreneurs
Miami in June for a Bitcoin convention
Podcasts & Blogs he likes:
Common Sense with Bari Weiss
Leaders in Lending (Episode with Upstart founder Paul Gu)|
Patrick O’Shaughnessy (“made at least a dozen mandatory for my team.”)
Fiction he’s read:
Frankenstein by Mary Shelly
Count of Monte Cristo by Alexandre Dumas
One Day in the Life of Ivan Denisovich by Alexander Solzhenitsyn
The Bacchae by Euripides
Non-Fiction he’s read:
Man’s Search for Meaning by Victor Frankl
No Rules Rules by Reed Hastings and Erin Meyer
Quality Investing by Lawrence Cunningham et al.
Mindset by Carol Dweck
Art of Learning by Josh Waitzkin
Common Sense by Joel Greenblatt
You Can be a Stock Market Genius by Joel Greenblatt
The Three Body Problem by Liu Cixin
The Art of War by Sun Tsu
Talent is Overrated by Geoffrey Colvin
Books he plans to read:
Common Stocks and Uncommon Profits by Philip Fisher
The End of Accounting by Baruch Lev, Feng Gu
The Big Money by Frederick Kobrick
100 Baggers by Chris Mayer
Investing in Growth by Terry Smith
Never Enough by Mike Hayes
People he admires:
Gavin S. Baker
Charlie Munger (a “man of great wisdom whose commentary and writings are an indispensable part of the investing cannon.”)
Pat Gelsinger (“I’ve never seen a new leader step into a new company like he has at $INTC and take charge with such clear vision and articulated strategy.”)
Rivian CEO RJ Scaringe (It’s “worth getting to know about their trucks, SUVs, delivery vehicles and platform. Amazing company and leadership.”)
Mikaela Shiffrin (She “focuses on process (great turns) and let’s the outcome (skiing fast) take care of itself.”)
Things he recommends doing before you die:
Eat at Asador Etxebarri
Order 1982 Cheval Blanc
Hike from Aspen to Crested Butte
Surf in the Maldives
Topics of interest:
The Navy Seals
Loeb joined Twitter in October. He’s tweeted 540 times and has 57,000 followers.
Arguably his most significant post was on March 1 when he tweeted that he has “been doing a deep dive into crypto.”
Within a few months, Third Point made several Bitcoin-related investments. Loeb is famous as an activist investor, so a move into crypto was a big deal.
The decision by Loeb and Dalio to post on social media will likely encourage more financial professionals to post, particularly on the buy-side.
Dan Loeb tells you what he is thinking and doing every day.
For colleagues and competitors alike that will become increasingly hard to ignore.