Luke

Yeah, his humor and take on life, the occasional interviews with him where he just said the blatant truth, not caring what other people think, never been so said about a "celebrity" passing. Rest well!!

RIP Charlie

R.i.p Charlie!!!! Cant believe it.

Valaris Ltd

I completely exited BRK yesterday, which i loaded up on heavily in summer 2021, some 40% gain, very decent, market was way too expensive and back then i didnt know FFH, BRK offered me good sleep. Most of it went into FFH, yesterday i bought more Valaris with the proceeds.

Anyone enjoying black metal here?

Amazing talent!

Happy Thanksgiving! :))

Valaris LTD NYSE

Which reasons?

I also dont understand why that thread was removed, why not just delete the nasty comment? Was quite the valuable thread if i remember correctly

Yeah!! That movie completely flips into such an amazing creepy mood when he discovers whats really happening with the houses, that scene with the car, the ending "get out of here!!" Just awesome (watched twice, once alone and once with GF :D) Glad you liked it @John Hjorth @Parsad

https://www.instagram.com/reel/CzvfEDECGCd/?igshid=NGEwZGU0MjU5Mw== Another clip of a tortured blinken and in the meeting haha!

Yeah, if he would have had a mute button for biden hed start pressing hard at 0:20 lol!

Disaster

Well said, imagine how much better it could be for the little guy, how much better it could be for start ups and SMEs if you put in a bit more of a progression, it would also result in way more willingness for new business to come into existence. No tax hassle etc-->more competition-->better products and services-->better overall economy.

Look, public infrastructure needs investment and PE guys are crooks and will milk the people while invest as little as possible and make as much money as possible. Especially with things like hospitals where you as a sick person cant just say no (can say no to an iPhone 15 Pro Max), its unacceptable to have Bruce Flatt and Co have their fingers in all of that and be a parasite on sick people. At least i dont want to live in a world like that. This public infrastructure needs investment and somebody has to come up with the money. There are many things that can be scaled down moneywise in the budget but i think its still time for a slightly differently skewed tax rate in favor of the little guy. All of this combined with a keynesian boost and igniting competition where it is needed by regulation will boost the economy back to full power. The opposite would be further unwillingness to do infrastructure spending, further unwillingness to guarantee affordable basic necessities of life to the public, more consolidation, more political extremism and more ghettoization leading to a complete dystopia where you have a insect like bottom 50% and feudal technocratic lords at the top

You surely are aware that you are still taxable in the US even if you leave? Somebody making 10m a year? The redistribution HAS to be skewed downwards MORE. Who the hell wants to pay 50% tax with making 50k? Paying a very high tax rate with having 50m USD passive income by owning 20000 appartment houses or whatever is acceptable. in NY maybe, i think you mentioned NYC.

Ackman said in a latest interview that he likes to be invested in high quality names with small and great unit economics that have pricing power, feel like that fits well into this underfunded economy. People will accept a slight increase in a low fee YT subscription or that the burger gets 5-10% more expensive but with bigger things? Cars etc?

Germany pays at least 10% of its yearly budget on migrants, if not more. Its 50b a year, there are many other things that are not necessary, shrink down the parlament, stop funding for any ideologically motivated projects, be diligent in general... You can even think of a more progressive capital gains tax where the 20b USD fund pays progressively more than the 500k household trader. But you gotta get that through the government Things like these would make life better for the vast majority, improve daily life and the rich would still be very rich and happy.

Yes, tax cuts for the bottom 70% and increases for the super high income earners+more responsibility in spending--> No more unnecessary money for wars, no funding for bullshit projects at unis etc 20$ in NYC? Can you even live of off that lol?

Yeah, that is basically happening in germany now but its a bit sinister. If you dont have a job and dont work you are eligible for social safety net money which now ironically is almost as high or higher than most lower to middle class jobs because it covers rent, healtcare, money for kids etc. So the left parties had one job, which is to stand for the normie worker and defend his rights but that didnt really happen. Instead you had leftist policies that actually really send money checks to people for doing nothing and making working unattractive for the labor voter. So they failed in that regard. What is a bigger problem is that wages are so low, they havent tackled that issue much yet. Now the right parties want to get rid of the social safety net but they wont improve labor, the worker who actually works now thinks that the left destroys the system and starts voting right wing, which actually doesnt fully benefit him but he feels he has no other lever to push. In germany close to every fourth person votes right wing now, i do agree with some of their planned policies (increasing local birthrates, stopping migration from people who are not trained workers, incentivicing work etc) but i lack they keynesian and labor mindset that is fundamentally important to our economy too.

xD

Competition and the market should be used where its beneficial, so no essential public infrastructure. These things have to run perfectly without profits and milking in mind. Imagine private equity owning most of these assets, forming a quasi cartel and taking disproportionate amounts of money for a basic service, milking the citizens (US healthcare), i dont think its the answer.