Luke

part of the WOSG position at 14% gain in a month. Have concerns about rolex i just couldnt look over.

https://www.chinafile.com/reporting-opinion/notes-chinafile/its-too-convenient-say-xi-jinping-second-mao “It’s Too Convenient to Say That Xi Jinping Is a Second Mao”

Thats a very low bar you are setting. Doesnt take a "genius" to turn that company around from the shitter management this company had. And you are probably right, Elon can manage companies well but he is not a genius scientist that pushes the innovation these companies put out. Thats the entire point. He deserves credit where its due. Now on to discussing starship test launch!

Well said.

And i say this as someone who likes to listen to elon, to agree with many things he says and who is fascinated by what his companies put out!

Didnt say he is stupid, just gets too much credit

Its astonishing how you get from Xi and Putin to Elon Musk in this thread but okay. These things are totally different, rocket science and governance. I dont think both would be able to do what the tesla team does and do I even have to explain that? With respect, please move on from the China and Russia debate. Elon has a giant team behind everything that he markets under his name, many of them smarter than him and those people are left out of the picture completely. I think there are judgement errors on your part too. Him not having a proper degree that is a basic necessity to do one simple thing in this field shows me that he has some mighty smart workers that drive innovation and I am highly skeptical how much of the innovation of these firms is just due to his bachelor level physics input. Now i will leave you guys to further fanboy about Elon

Yep, Elon alone brought internet service to a disaster area (after the government failed to), unveiled a new self-driving taxi + humanoid robots, launched a 232 foot rocket, and caught it on the way back down. Just himself, alone at his office. What do the haters say to that? What have they acomplished by themselves that is equivalent to that?! He is literally Chuck Norris, alone.

Yeah, I agree. Buying twitter for 50b was just one of the "brilliant" capital allocation ideas he had. He marketed it a year and a half as the "we chat" super app and right now is only a MAGA echo-chamber with no customer-service and little cashflow. Just realize that Intel traded at 80b marketcap and he could have almost bought that instead of Twitter xD

Quite frankly, you can not pull of the innovation at spacex or tesla with an entry level physics degree which doesnt bring you anywhere and should not be taken seriously. He is a good salesman though, gotta give him that and he knows how to play the crowds.

Does anyone of the elon praisers on this thread now that he only has a bachelors of ARTS in physics and that the reason why spacex and tesla are so successful is because he probably has the most talented team that drives this innovation forward? Its truly sad that we see nobody behind these projects while he gains all the praise while he has contributed how much of the innovation exactly? As far as i see he could even only be some sort of project manager while some back office Phd team does the hard math...probably not even consisting of american nationals but asians (mostly indians lol?) on H1B-Visa living the american dream

Looking forward to this quarter's earnings season.

I meant no offense I can weather the storm!! Cheers!

But they are totally dependent on China now!

It's interesting how "unimpressed" Putin was about Western sanctions, etc, and focussed on China as the more important partner anyway based on economy size, manufacturing base, etc in the Interview with Tucker. I think also Russian Leadership sees the downfall in the EU with their current policies, lack of natural resources, climate targets that are only attainable with degrowth etc. They also see the bad manufacturing base in the US which makes it not as attractive of a partner as China.

You underestimate how deep and cheap we already have been, and I was a buyer also then!!!!

Stocks are dirt cheap, I wouldn't be at all surprised if Tepper doubles down, honestly! EDIT: As he said in the interview.

Important to remember that the statistics here are not adjusted for purchasing power parity. But americans can just move to thailand and live like a King while they can not do the reverse Greets to the retirement thread!

Many many people eager to join todays middle class lifestyle, own their own appartment/property, eat out in restaurants, have consumer gadgets etc, lots of growth left!!

Well said!

Amazing when it happens, thanks for sharing.

If you have a portfolio of a 100k-1m you are in the top 12% of wealthy people on this planet, above 1m is top 1.1%!

https://www.credit-suisse.com/about-us/en/reports-research/global-wealth-report.html Good stuff to stay grounded.

Picture of @RichardGibbons