All Activity

Meta datacenter investment is great news for Alberta; most of these are typically in Quebec because of the lower power/labor costs. Q1 FDI into Canada is highest in 18 years at $15.5B USD. Canada ranks 2nd behind the US in FDI Confidence Index. https://www.kearney.com/service/global-business-policy-council/foreign-direct-investment-confidence-index

Grab the opportunity by the balls, and squeeze. Just keep in mind that it's a limited time engagement; probably a solid two years ... after that, 'life' will primarily be doing the deciding! Couple of takeaways, from London (UK)/Calgary ... Push the acceptable, always seek out the colourful 5%. There is a lot more tolerance when you're young, that 5% were 'you' some years ago, and their life experiences are always 'illuminating'. Provocatively call bluffs, call aggressively, and call early. The polite "I'm not from these here parts, but you folks all sure talk 'funny'"" . For the best experience; strategically call the kettle black, right off the bat. Demonstrate a cocky willingness to learn, and cheerfully accept the knocks along the way. The "how hard can it possible be to ride a horse, and rope/tie up a calf in X seconds" ... from someone who has never ridden a horse or roped a calf . You're expected to f*** ** ... everything is up from there! You are the master, not the environment. Thoroughly enjoy, go balls to the wall, but always have a plan, stick with it, and call the shots; the environment will change you, it is toxic, and you want to be able to eventually walk away with no regrets. London/New York is not the centre of the world. That famous 'attitude' may work well in a London/New York, but you're the arsehole everywhere else. Nobody likes an arsehole. Enjoy. SD

Yea this is disgraceful and unjustifiable. At least the top floors have AC tho

yea, but then you have 1-2 people to hang out with whenever you want. it's like an extension of one of the best part of college. living with the bros....to each his own...potentially makes for better socializing with similarly situated women as well. "hey want to pregame at my 3 bedroom with a balcony that i share with 2-3 similarly eligible people...bring your friends" lands a lot better than "hey come to my studio"....anyways, I'll stop telling you how to live your life, but just something to consider.

SCR has a new deck associated with its site visit: https://www.strathconaresources.com/wp-content/uploads/2026/07/Strathcona-2026-Lloyd-Thermal-Field-Tour_vF-WEB-Version.pdf They had a strong update with Meota getting to first steam under budget and ahead of schedule. Big value creating between the cost per barrel for production versus trading multiple. EQX and ORLA announced production for Q2 ahead of estimates. Microcap holding BAMI highlighted by DKAM.

I don't think I want them too. Keep the share price low so Fairfax can cannibalize themselves more.

It’s still supply and demand. Long term buybacks will reduce supply, sellers will face bigger capital gains bills so reduce supply and passive demand doesn’t care about value. Momentum investors moving in and out will oscillate the multiple but over time it should trend higher all else being equal.

*chukle* -You 'said' it, @CassiusKing1[, not any other of us], - - - o 0 o - - - Contents PART ONE / The Bubble 1. The Less Flattering Version 3 [*] - - - o 0 o - - - (*] <John thinks it was here and the interpretation of what it implied for the contents of the book that there arised variant percentpitions of after the release of the book.> - - - o 0 o - - - It's the only book that I've started reading about Warren Buffett and Berkshire, that I never finished reading in full. And I likely never will. At a certain stage I simply got enough of insigt to 'The Less Flattering Version'. - - - o 0 o - - - - I'm not trying to phrase a book recommendation here, btw.!

Any word on this @Loss Horizon? Crap like this is why I voted Leave in 2016.

such a confusing mess of holds and similar named corps

yes 100% agreed in the short term. But the supply demand view will give ‘no’ real information on what the multiple will be in 3-5 years. Which is what I am solving for and I believe that multiple is much more likely to be driven by fundamental value with that time horizon. which ties into the buffet quote..voting machine short term, weighing machine long term

. I'm at the pay range where I don't really need roommates. Another problem here is that if you do find an apt that you want to share, it's usually those readymade walls creating the other room. Even if it isn't, still only slightly cheaper than getting a studio yourself. Might as well pay that 5-10% more for privacy and answering to none.

Appears that WEB was damn near impossible to live with from my readings and listening to Alice. Him not helping with a bat in the house due to him not being bothered by it. Dude was truly wired to do only one thing.

There was a decent amount of multiple expansion leading up to the inclusion. We went from 0.6x BV to 1.7x. The cross current was the loss of momentum investors and probably led to even more quant shorts post addition as it was in another major benchmark. That’s the thesis on why the next hard market could lead to even more multiple expansion. I’ll be surprised if we return to 0.6x BV in this cycle. I’m not trying to rationalize but I do think share prices are the result of supply and demand for shares.

European “democracy”: 276 in favor, 314 against becomes law. LMAO the European elites win again! https://www.reddit.com/r/europe/s/D4wDMOlV4M

maybe, maybe not. We can try to rationalize it in hindsight. The true test is if you can predict when it happens ex ante. I would suggest that’s impossible. for example consensus was Fairfax added to TSX will lead to multiple expansion but that didn’t happen

Shorted MU I'm ready to get squeezed, I'm ready

Casual sex has been in decline for some time now. Certainly less than when I was younger. But you may be right that a young high income guy might be viewed more attractively now than then. However if @whatstheofficerproblem meets someone he resonates with (most likely outside the bar scene) there is no reason he cannot meet a woman who he could establish a successful long term relationship with (if he so desires). I would also echo the idea of roommate(s) to share the expense and the experience. If he’s a runner, I would consider living near Central Park.

I don’t know the others besides Terravest but I think there are reasons we can clearly point to for it to get multiple expansion. It’s revenue accelerated which likely attracted quants, it got big enough for large funds to own and then went into the benchmark.

Do you have a source for that or do you just routinely make stuff up?

The problem is that European leaders pretend to be defenders of democracy but are very antidemocratic. The notion of free speech and privacy of communication between individuals from government is very important to individual rights and democracy—even if you might not think so. That’s why autocracies like China don’t have these things. It’s relevant here because it’s just one episode in European leaders’ long history of overregulating businesses (in this case tech companies with end to end encryption) while their economies stagnate. Yeah, you cab believe all the conspiracies you want, but Apple does not have the keys to end to end encrypted communication. They cannot access it. Apple is very serious about privacy. This is not true in China and basically European leaders want to do the same thing: https://www.nytimes.com/2021/05/17/technology/apple-china-privacy-censorship.html?smid=nytcore-ios-share

IIRC Warren was upset by the implication that Susie was less than thrilled by how their marriage/relationship turned out. That’s how Alice has explained her lack of access anyway.

37 years ago is like 2 @whatstheofficerproblem lifetimes lolz. Both my parents met in the city in the early 80s. 15 years ago was pretty wild, and I can’t even imagine today’s scene.

Good one!

A+