whatstheofficerproblem

I don't think so. I for one am not a fan of Indira and neither do I take any offence to their views on Indira. It is not the same when they very openly talk about balkanizing the country.

How long till OpenAI values itself at more and more money? Raising money at $90B!? Is the reason they're mostly doing private raises because they know that once the company goes public, given the burn on the balance sheet, such lofty valuations would be impossible? I don't know what to say here, this most definitely is the top. But then again, OpenAI is a blackswan.

For all the folk in the 'What are you drinking' thread, this is probably going to remind you of college.

Oban 14 has always costed $65-$70 even in Total Wines where I'm from. Maybe it's a region thing?

LOL.. Pierre literally turned a blind eye to a known terrorist even after Indian authorities warned him, the consequence of that was the 1985 Air India bombing. Terry Milewski was probably the only reporter who covered these 'Khalistan' forces, before the Canadians opened their eyes, they were already in bed with them. What is even more f'ed up is CNN and other media literally calling a known terrorist an activist. God save Canada, then again, I doubt he can do much at this point.

Shots fired . Charles Wesley Godwin, in my opinion is the recent underrated artist I have come across. Seneca Creek is a beautiful song.

Well folks, if it looks, sounds and acts like a dud, it probably is. https://www.nature.com/articles/d41586-023-02585-7 https://www.forbes.com/sites/alexknapp/2023/08/18/the-rise-and-fall-of-the-would-be-superconductor-that-transfixed-the-internet/?sh=4a4b7dce3662 Modern academia is probably one of the worst things to have happened to science. It is today nothing but a D measuring contest on who is more 'intellectual' than the other. This being from South Korea, from day 1 have said to people who asked me about LK-99 that this is bearing a nasty resemblance to the Hwang Scandal. Innovations as essential as a superconductor don't just pop up one day all of a sudden, takes decades of trial and error.

https://www.outlookindia.com/business/apple-airpods-to-be-made-in-india-at-foxconn-hyderabad-factory-news-310877 "Foxconn has approved an investment of USD 400 million for Hyderabad plant which is expected to begin mass production by December 2024" "Foxconn Hyderabad factory will make AirPods. The factory is expected to begin mass production by December" My Hometown is changing.

Gents, I must admit, when I first saw the title of the song I was thinking "Who the hell goes to Michigan for the winter!?", but the writing and the music convey what the artist was trying to say here in a very beautiful manner, one of the very uniquely written songs I have come across in recent times. Looks like it is time for me to go to Michigan this winter. I'm going to Michigan for the winter 'Tween the dark and the light of the sky and the snow Most people go south for the weather But I just wanna be alone While I'm waiting out your memory Girl, the only place that I'm supposed to be Is sittin' in a chair with a Bible or a beer 'Til my heart don't hurt no more I'm going to Michigan for the winter

Agreed. I think he was trying to place on emphasis on exploiting welfare, but that isn't really possible without grouping them together and bashing them. That part of the song raised eyebrows for sure, also agree with the food part, when I first came to this country I remember trying to eat healthy, cost me upwards of ~$6/meal minimum and this was peak inflation, eggs were like $20/60eggs, McDonald's Chicken burger was literally 2 for $1.99, guess what, I put on ~60lbs. Slowly losing it now but I get your point.

Agree with you there, except, Small Town is objectively very bad music and the only reason it is even on the charts is because of the controversy it stirred, and knowing the audience there, I'm of the opinion that Aldean did this on purpose to stay relevant. Rich Men North of Richmond is more like a libertarian/center-right song and I have seen people from both sides of the aisle enjoy it. One side for more or less the anti-control nature of the song and the other, well, because who can't relate to working for 'shit pay'.

The more I learn about the hedge fund space, the more I respect the S&P. One good capital allocator I know and admire personally, just throws everything in his retirement account into various indexes with SPY having the highest weightage. Never understood why he did that back then, but now I can't help but want to do the same. I must admit very honestly that the only reason why I wanted to get into the hedge fund business is so that I could become a better investor while leeching off of PnL, while doing risque stunts with my LPs money all the while throwing my bonuses into BRK, FFH and the likes.

I'm a sucker for good song writing and passionate raw vocals. This one was right up my alley.

It's Graco GGG.

Let's see.

The downgrade didn't even make him blink, seems like he isn't willing to bite bonds below 5%, makes we wonder what the spread between the interest rate/treasury and inflation was when he did buy these bonds. Would be interesting to see him buy junk (high-yield) again.

https://www.bloomberg.com/news/articles/2023-08-03/buffett-is-buying-treasuries-regardless-of-us-downgrade-by-fitch Is he deploying the float? The brooklyn investor was right. https://brklyninvestor.com/2023/07/04/value-of-brk-float-buffett-market-view-etc/

CEIX and DQ Leaps + LAD Equity

The $14.92/sh is the price LLY is buying it for, the first CVR is $4.06 so the stock trading above that means that the market is pricing in the first payment i.e. the possibility if the human trial being a success. So yes, the deal is guaranteed and the price is dependent on results. Worst case, if the human trial fails you lose 30%. If the human trail passes, on paper you should gain nothing but news probably moves the stock up. If the second trail is a success, you get +26.39/sh in value so that is a ~122.7% upside from here. And if this gets approved for sale, that is another +81.89/sh and that is a ~500% upside from the current level. The odds of losing 30% while the potential upside is 120% - 500% range sounds pretty sweet.

I think the first milestone is being priced in already, but from what I have been reading on these guys and the SIG-002, the drug is actually being supervised by LLY themselves. LLY is responsible for further testing and commercialization of the product, the underlying science behind SIG-002 doesn't seem all that complicated either, they explain it well in their filings. Given LLY's own history with diabetes medication, and the fact that the drug has already reached human trial stage, I think it very likely that this thing will get approved for sale. But the timeline I think will take at least 1-2 years from here. The risk/reward seems highly skewed, if a small position is taken, this is a 'heads I win, tails I don't lose much' kind of scenario.

@John Hjorth no problem, I understand you were caught off guard! I had to double check if I wrote the initial message properly too since english is not my first language either, thanks you for your understanding. Either way, I do think that merch that is relatable to the pop-culture within CoBF would be really fun. Imagine going out in town and spotting someone with forum merch, easy identifier and conversation starter. This is what financial meme pages use on instagram and the followers kind of randomly identify each other on the streets on NYC while their own their way to the goldman office.

@John Hjorth is there a misunderstanding here? Never in that sentence did I judge you or anyone for what they posted, nor is the entire message related to that. I was merely mentioning how something relatable to everyone in the board can be used on merch, the thread title 'Why buy an Egg' would look cool on a cup was what I was saying. Just pasting the CoBF would lack variety.

Rejected interns do not get access to GS mail. You have to be accepted a whole year prior and they will set up an e-mail for you a month or two before you start which would be April/May of the next year. GS recruits their interns a whole year and half before the start date as do most in finance, which I think is unfair but that would be a different discussion.