Luke

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.

You mean to our PE friends like Bruce Flatt and Co ? They will surely take care of those assets and milk the public even more for the few BN shareholders left on this board.

Raising rates even further consolidates the status quo, a final squeeze! In Germany politicians are not willing to spend much at all, meanwhile we have a completely dysfunctional health sector, public mobility sector, public institutions are absolutely broken etc...and liberals continue running this country as a private household. The left is completely useless too because of a crazy immigrant strategy and boosting social safety nets instead of boosting wages and willingness to work. We just lack good leaders here, i am personally hoping the newly formed BSW party lead by Wagenknecht can find a balance in our political spectrum.

Yes, it was a catastrophic underfunding of everything and tax breaks particularly for people well off in the west. Everything starts crumbling now, hospitals dont have places, trains not running on time, not enough educated personnel in many sectors, underinvestment in diversified energy (europe, russia), underinvestment in local industry (industry too much in china), its crazy. Private capital wont invest because returns are difficult to be made because of the huge consolidation in many sectors over the last decades and there is a lack of demand because the bottom got squeezed out. Only solution would be a large scale keynesian boost+regulation IMO.

Stumbled on this nice Keynes quote again today, really relevant still today. "Anything we can do, we can afford." Its time to go long!

13F from FFH. That SP 500 position got cut in half, no idea what that was....and significant add to Orla Mining.