Blake Hampton

You know, Robert Kennedy Jr. also went to school at Harvard. Michael Salyor went to MIT. Lol.

From Harvard Ph.D. economist Stephen Miran: How is keeping tariffs that are high enough to raise hundreds of billions of dollars in revenue consistent with the president’s promise to lower costs for businesses and consumers? Because I don’t believe that the tariffs are ultimately going to really raise costs. I think that in the short run, volatility is possible, but in the long run, American consumers are flexible about where we import from, and if one country comes to a trade deal with us, by which they open their markets and allow us to export into their economy the way they export into ours, then we can source our production from friendlier countries, instead of countries that rip us off. Source: ‘Don’t Need a Deal’: Top Trump Economic Adviser Is All In on His China Hardball - NYT

Do you mind explaining what "globalists" are? I'm truly curious.

I think the primary pull was that it's free. "If something is free, you're the product."

I think that might be the biggest problem in the world today. I firmly believe Facebook is a cancer on society, and it's a damn shame that local newspapers had to go out of business. I believe it’s made the world worse.

Oil is priced in dollars.

I know I sound serious, but so is the situation.

Probably should’ve bought producers when it was cheaper, but I missed the opportunity. I like productive assets. Gold is just a useless metal that people tend to flock to when they're afraid of currency. Maybe it's the smartest place to be—I don’t know. How do you value gold? How do you value crypto? How do you value something that doesn’t produce anything and has no redeeming qualities beyond people’s affinity for it? It’s effectively the same game many are playing with overvalued stocks—just hoping to find a greater fool later on. But we’re heading into a future where money will likely tighten significantly, and a lot of people may struggle just to survive. Do you really think they’ll want to be holding onto this dogshit then? During the Great Depression, people literally couldn’t even afford to eat, let alone buy equities or other assets. People don’t realize how serious this all is. Huge fiscal and monetary imbalances aren’t just some joke—they define the very system we live in.

Oil and cash

Prepare for both long-term, serious inflation as well as a severe credit crisis.

Future events are gonna be a wicked slap in the face for some of you.

There certainly will be opportunity.

I disagree. I think people have just lost their minds on the upside.

What a joke.

Scott Bessent in the WSJ this morning: "Tax cuts and cost savings from deregulation raise real incomes for families and businesses. Tariffs provide income-tax relief and create incentives for reindustrialization. Deregulation complements tariffs by encouraging investments in energy and manufacturing. The engine is already starting. For the second month in a row, Friday’s nonfarm payrolls report beat expectations, with 177,000 jobs added in April. More than half a million private-sector jobs have been added since January. Add to this falling inflation and the first decline in consumer prices since Covid. This is just the cylinder firing. The American people should expect to hear the engine humming during the second half of 2025. With all pistons moving, we’ll see more jobs, more manufacturing, more growth, a more robust national defense, higher wages, lower taxes, less-burdensome regulation, cheaper energy, less national debt and less dependence on China—all while maintaining a strong dollar. This is how we restore the working class, re-establish the U.S. as an industrial powerhouse, and right the wrongs of lopsided trade policies. This is how we pave the way for Wall Street’s next 40-year run while making sure Main Street runs alongside it. This is how we make America great again for all Americans." Trump’s Three Steps to Economic Growth - WSJ

It says they spend 50 seconds on average analyzing fundamentals.

Benjamin Graham would be proud: "The median investor, often drawn to a stock because it’s in the news, spends just six minutes of research before buying that stock, according to a new study by finance professors Toomas Laarits and Jeffrey Wurgler at New York University’s Stern School of Business. And the bulk of that already-short research time is devoted to perusing a price chart of the stock’s recent performance—and often just the current day’s trading session." Guess How Much Time Many Investors Spend on Researching Stock Buys? - WSJ

Champ

What are you even going on about:

I'm a bit confused — I thought my interpretation was correct, since I assumed those operating business assets are included in the remainder of the tangible assets, outside of the specifically listed equity securities. Would you mind sharing your own breakdown of how you see things as of the most recent year-end, maybe as an example?

Long live Greg Abel.

"I understand people got emotions, but you got to check them in at the door when you invest." - Warren Buffett, 2025

I'm sorry, and I really don't mean to be rude, but you were just buying 20-year treasury debt. I would hardly call that a hallmark of someone concerned about inflation.

If you think Buffett isn't concerned about extreme inflation, you're simply not listening to him.

Buffett just said nothing he does with Berkshire is for the transition to Abel.