whatstheofficerproblem

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.

Can't speak on the fees, but @Parsad it would be sweet if the merchandise section had some merch. Cups, caps, and since we have a books section, add referral links to those books so that when bought the site can make money? The Merch doesn't necessarily need to have CoBF logo on it either, could be an internal joke or wisdom from within the thread, like John Hjorth talking about the Egg or his 'kinks' or Brookfield, a 'Why buy an egg' cup would be cool. Luca's reactions to a comment maybe as a picture on a cap, or Gregmal's one liners, Spek's wise words on a shirt. Food for thought.

@cameronfen, yes, you cannot view the forum unless you're a member. I first thought this was $50/month and thought I'd be missing this website. But then realized it wasn't a monthly thing, saved some money up and bought the membership. I must say, the best $50 I have ever spent. I would like it to be this way because I want the members to be small, close knit and qualitative. We cannot risk dilution, while that also comes with its cons, ever since last September, I have been gatekeeping this website pretty hard, I don't want my peers to know it, call it my competitive greed as a budding investor. It should be noted though, that I was thinking of getting CoBF access since I was 14-15 because the forum was namedropped by some of the investors I admire(d) way back when, only bought it 5 years later. And I speak about dilution with experience, if you look at some my early posts, absolutely juvenile. That of course changed when I started to get involved in investing professionally.

TSLA 2Q23 Earnings Call Analyst: With the emphasis of price cuts to drive volume growth eating into automotive gross margin, can investors expect to see automotive gross margin stabilize or even rise due to efficiencies outpacing the cuts? And if so, when? Musk: Where’s that crystal ball, again? If I may, look, the short-term variances in gross margin and profitability really are minor relative to the long-term picture. Autonomy will make all of these numbers look silly. I’d recommend looking at ARK Invest. I think their analysis is very good. It’s the best. And generally, Fintwit or the finance, Smart Finance people on Twitter, follow their accounts. They’re great. So that’s in my opinion where you’ll get the best info. So, I strongly believe Tesla is a big long-term investment. And don’t sweat when things go up and down. In fact, if the market panics, buy; if the market is a little too exuberant, sell at the time. But just generally, like -- I feel -- I’m confident we’ll deliver over long term, but can’t control short term. So -- and the autonomy is really where it’s at. I didn't know if the TSLA thread was a better place for this or this one. This is the first time I have seen a CEO of public company as big, ask veteran sell-side analysts who've done nothing but cover the same sector and stock for their entire life to look at analyses on FinTwit. This statement alone gives credibility to Cathie and ARK in the eyes of novice retail investors.

Thanks for taking the time to post this @Xerxes. This made me circle back to the Jenga Report on the Fairfax thread, I see AOT potential in BIAL. This should be interesting to track, time is our friend here when it comes to BIAL.

The first thing Pakistan does after getting an IMF bailout is spend 40Cr of that money on raising a flag bigger than India. . There is truly is a difference in leagues between having your flag on the moon and having a moon on your flag.

Wow, thank you for this. Truly enlightening, almost feels like a 'I have seen the light!' kind of moment. I'm gonna pay a lot more attention to some markets moving forward. That said, there are many companies in India that are trading below their NCAV, and are net-nets, my net-net portfolio that I have started in December-ish is already up significantly, I'd say 15%-20%.

@Parsad Any plans on making a separate section for Fixed Income? Where we can discuss bonds, debt and munis?

Agree with @Spekulatius on this. When you're buying you have to pay the ask, however. On Schwab, it's a 6.67% yield and priced at $104.86. I'd also be 105 when it matures.

"I don't think people need super fancy indicators to make money trading. I'm just using basic trend lines, support, resistance, volume, and those are all my indicators." "I think if you overcomplicate the indicators, it will actually throw off your trading because then you're trading more on the indicators than the actual price action." Someone, please put the guys at RenTech, AQR, Two-Sigma and other Quant and HFT firms on the phone! They are losing money by overcomplicating things! What a joke, does this genius trader even realize that the other side trading using complicated 'indicators' is what creates the price action. The course should speak volumes, if I had a method to make millions, I wouldn't stop at 8, neither would I teach it to strangers.

Ah yes, betting, how can I forget, gambling & betting have a special connection with me, my great grandfather was an avid enjoyer of the sport, he was such a patron that he brought , no should I say dragged, our then extremely wealthy family to below poverty line which took my family two entire generations to toil and get into the lower middle class again. The after effect is so bad that my parents to this day don't like me indulging in the stock market, my grandfather almost beat me to death when he found out I was pursuing a career in public equities. Back to the topic of horse betting, in the show Billions, the main character Bobby Axelrod says that he started winning when he quit following the horses and started following the bets, the guys that bet the last rather. How effective is this strategy? Bet at the end on the horse where there is a sudden inflow of money?

The thing with India is, most Indians don't realize the power they hold. If the entirety of India is a market, a 1% penetration would mean a TAM of 14 million people. The CCP knows the power they hold as a market and their people hold as a consumer and the wealth they can generate for companies. They have played their cards right and hence is the reason why most corporations prostrate before the CCP while spreading values in the west. While I am an open market absolutist, as an Indian, I would at least for once in my lifetime like to see some big corporations stripped of their hypocrisy in my motherland, that would be the day she would truly become a 'superpower'. Everything else aside, the start up space is booming in India, and I don't know how many of you guys noticed this, but looks like Tencent holds stakes in most of the Indian start-ups these days.

Berkshire does have women and minorities on the board, but rather than insult them by treating these highly accomplished individuals as props to generate a checkmark on some diversity grid, the proxy emphasizes that they were selected due to what they bring to the table in terms of experience and ownership. In response to a shareholder proposal that is intended to force Berkshire into the practices of most other large companies, the proxy responds with the following statement: Readers of the biographies covering Mr. Buffett’s life know that he was an advocate for civil rights from the earliest days of the civil rights movement of the 1960s. He has also made numerous comments over the years about the loss to individual businesses and to society as a whole when women are discriminated against in employment markets. None of this seems to matter to politically driven pressure campaigns intended to intimidate businesses to elevate skin color, gender, and sexual orientation over ownership and business acumen when it comes to corporate governance. I am in tears, if only.. if only all companies had this policy, a lot of good people would have their share. DEI recruitment is even worse. I don't know where the world is going, there is now a filter in school admissions and after being admitted there is a filter in employment, this double filtering is nothing but insult. Thank you Berkshire for being the voice of reason in today's world, or whatever it is.