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Spek, I know plenty of people who summer in the Hamptons every year for two months and have not been to Europe in decades. Check out how much it costs to rent a house in the Hamptons for the summer, compare it to the cost of spending two months in Greece/Spain/Portugal/Italy. You will see that it's not the lack of money, it's the lack of desire to stand in two hour security lines in Paris Airports, zero air conditioning in Europe, and having to buy timed tickets to visit any sort of attraction in Europe these days.

My point was in the face of our pessimistic atmosphere, foreign visitors seem to be having a very positive experience. “And in the middle of this humid, oppressive gloom? An unexpected, fresh burst of globalized joy, a spasm of multiracial harmony, and the real shocker: a broad, genuine outburst of love for this country, its big-hearted people, and its unsung prosperity. No one expected the World Cup to be much of a draw this year, and many were afraid it would be an almighty flop, given the global atmosphere and you-know-who. But here we are. It’s the one obvious, uplifting, positive thing going on, and it feels like a fucking tonic.”

Alright up at 5AM to watch the Belgium game, they better show up this time!

Totally. You can always tell the finance guys by the ones whom make money every which way but from the actual investments working out. Fees, marketing, newsletters. That s what I found ironic about all the Elon Musk hate. These guys who are mainly just leeches are pissed that their button push wasn’t successful so they root against, bemoan, and routinely slander a guy who’s created more on any random Tuesday than they will in their entire lives….

My favorite: If it's stupid and it works, it ain't stupid

When I was at Yale doing my undergraduate degree, I met a guy from Ethiopia who was a fellow student. He was a year older than he was supposed to be based on his class, and the reason was that he was left to repeat a class in Ethiopia when he was in kindergarten. Teachers in kindergarten had thought that he was retarded. The guy was an engineering major. Just because people think you are a retard at age 4 does not mean that you are, you may turn out to be smarter than everyone else, just wired differently.

This is the most European/EU news story ever...shut off AC for lower level workers at the EU, but Ursula and her staff on the upper levels get to keep their AC on. AC for me, but not for thee. Just like Davos where all the private jets fly in to discuss climate change...

“Friendship is like money—easier made than kept.” —Samuel Butler

LOL! Cheers!

That's awesome! They should do that on our Skytrain, which is above ground for most of the route to Vancouver. Cheers!

There's millions of these guys. The whole industry is built on institutional analysis, sales and service fees. It's what gives us an advantage over everyone else because of this. My investment partner said something really accurate this morning while we were discussing deal negotiations and how there is a real lack of creativity in deal financing. He said: "Finance guys always think they are the smartest guy in the room...and they just aren't!" Cheers!

SPGI is spinning off CarFax. One share of the spinco for each share of SPGI. It's coming in few days. FIRY is waiting to find out if someone is appealing the judgment on a lawsuit that is a verdict several times it's marketcap. Will find out in about a month. POWW is repurchasing shares. The CEO had recently tried to sell the company to the employees through the ESOP but changed his mind, so the buybacks might be aggressive to accomplish the same thing.

Reminds me of the old saying, "A months travel is worth a year in university." "There is no substitute for the real-world education, adaptability, and personal growth that comes from immersing yourself in new cultures, navigating unfamiliar cities, and stepping completely outside your comfort zone." But those who go to a foreign resort and never leave the grounds are not included.

The confict isn't over. Iran would be wise to wait for SPR to continue to decline and strike closer to midterms in order to inflict max pain and extract more concessions. Trump and Bessent are taking the risk that they won't ever need the SPR beyond the next couple of weeks. The market might be pricing in a glut barrels from VZ and from Iran post-conflict but we have to get there first. $69 is a nutty price when new ships aren't entering the gulf for new loadings and US and Iran are still in a shooting war. The crowing of the nothing ever happens crowd seems a little early.

No, but this guy, masquerading around as a professional and as a “successful investor” feeds people this bullshit constantly. His performance is disgraceful, as is the relentless marketing of his “theme scheme”. Anybody who’s taken this guy seriously has likely been harmed financially.

Something to think about. These Europoors, seem to be just average people can afford to travel 4 weeks through US, pay for multiple airplane tickets, expensive Worldcup games and see more of America than many Americans have. Only roughly half of Americans have a passport and only 10-15% have been to Europe. Those Americans who can afford a Europe trip typically do a 7day trip and scratch of the tourist traps in Paris, Berlin, Rome and Amsterdam. So who exactly is winning here?

"If you have to eat a frog, you don't want to stare at it too long." "If you see a turtle on a fencepost, you can guarantee it didn't get up there by itself." Both of these came from Zig Ziglar.

small nibbles to Tencent Music and Badger Meters. Slowly building a position. I bought a few hundred dollars of Kraken Robotics by accident. I saw that the ticker had a quote on Robinhood, but sometimes they will show a price and won't let you trade it. So I clicked to see if it would trade or just kick me out. It worked. I have my original shares on Schwab (which charges me a fee for each trade because it's Canadian listed) and eventually Merrill started allowing me to trade it. Robinhood is my smallest account, but it also has the lowest margin, so I may buy more if the price keeps dropping.

If you listened to him in 2022 or those who quoted him. The piece of shit commit is warranted.

I had a lawschool classmate who was top of the class and he told me that he didn't talk until he was 4 also. He said he understood everything, even when his parents were discussing why he wasn't talking. He just wasn't talking. I have ADHD and wasn't diagnosed until my 40s, and if I'm honest, I might have some of the 'tism though I've never been tested. You're on here so your obviously smart and it runs in smart families. Ferraris have powerful but finicky engines. On my mother's side I have two family members who were supreme court justices in Latin American countries. I also have a cousin who doesn't make eye contact, doesn't talk much, but has published more scientific papers than I have read. I'd rather be in a family that has that trait (good and bad) than one with people who go to watch UFC fights on the White House lawn and can't figure out 20% tip on a restaurant bill without a calculator. Four is very young. Too early to tell. I just had a baby, and I know that being older (55) increases the odds of stuff like that. I do worry about it. But it's not something that I will be able to know, and I don't want it to interfere with the process of raising him. The fact that you're worrying about it shows your a present and concerned parent. So I think he'll be okay either way.

He is right about the premise, but maybe not about the conclusion. Okay, the stock market is overpriced. So put your money somewhere else. Where? Gold and Silver are at all time highs. Buy a house? That's expensive everywhere. Park it in bonds? Those yields are really low. If you really believe the market is overpriced, and that's a big if, you could add up all your long positions and short S&P index futures in the same amount. That way, you avoided the "buy VTSX and Chill" strategy, and if your stocks crash along with the market, you will still do okay if they don't crash as much as the market. It's the equivalent of that old joke about the two guys who see a bear in the woods and one guy says "run". The punchline is that "I can't outrun the bear, but I can outrun you."

Added a quarter to NTDOY

One of my favorite parts of Married With Children was Al Bundy's blue collar wisdom. For example, at his 18th birthday at the strip club when Bud gave his roll of money to the first woman he saw and was bored the rest of the night, he told his dad "this place sucks if you have you money." and Al replied "son, everyplace sucks if you have no money." I was thinking of a couple of others. "No one can do you your pushups for you." - My Soccer Coach in High School. And when I used to kickbox my coach was fond of saying "If you're gonna punch somebody once, go ahead and punch them twice." What are some of your favorites?

Apple TV has Formula 1 thru 2030.

I'm surprised they aren't acquiring entire sports such as Formula One or the UFC.