Spekulatius

I finally finishes this limited neo western series (The English) and think it's a masterpiece. It kept getting better each episode. Highly recommended. https://www.imdb.com/title/tt11771270/

I owned the closely related $VTRS but sold out of the stock. It's a tough business and there is a ton of debt to be serviced. I think they are a better bet than TEVA, if you think the generics business will improve. Maybe I have given up too early on $VTRS but the disappointments did keep coming. VTRS at least pays a decent dividend.

Well, the Burrito at Chipotle next to my work went from ~$7.5 in late 2018 to $11.4/7.5 - up 52% so that's about right.

@dealraker - if you never sell anything basically, where do the funds for new purchases come from? Dividends? BAX chart does not bombed out, but they do carry a lot of debt.

The English (On Prime Video) is a first rate Neo Western. I watch it now and highly recommend it.

Not a podcast, but Clare Hart from JPM sounds pretty good:

Marmon is a conglomerate on its own. Marmon within Berkshire is a nested doll - a conglomerate within a conglomerate.

I watched it when released on HBO. It’s a pretty good movie. In the similar genre, I watched the second season of Wiking Valhalla and wasn’t impressed. The first season of Valhalla (and of course the original series) was very good, but this one just didn’t cut it. I scratched Treason off my list. Looked already questionable and generic, so I am not going to put time in it @Xerxes

China (most just China) got to keep the lights on at night: https://www.wsj.com/articles/shining-a-light-literally-on-how-much-dictators-manipulate-their-economic-stats-11674183190?mod=economy_lead_pos5 A recent paper, published in October, by the University of Chicago’s Luis Martinez shines a light on the extent to which autocratic governments might be juicing their estimates of gross domestic product, the commonly used measure of an economy’s size and might.

This probably means that Ajit does not want to die in his office chair in Farnam Street like Warren. Also Interesting: The Fiorenzas paid about $9.9 million, or $2,080 per square foot, for the unit in August, which means they sold it for a 60 percent markup in about eight months.

I agree. It is much better than the reviews indicate in my opinion. It has an ominous feel throughout with the blueish color palette and the casting is strong as well.

LOL. I also look forward from the discussion moving from inflation to deflation. Mr Market is always on the move.

I was surprised to read that KBH's inventory value was actually down QoQ ($5.54B vs $5.74B). They have put he brakes on land acquisitions a while ago and now control less lots than a year ago. Inventory value YoY is still up ~15% https://www.sec.gov/Archives/edgar/data/795266/000079526623000004/exh991kbh-earningsrelease1.htm

Yes, i think Ukraine targeting Moscow is unlikely. In addition, the Kremlin is a world heritage site (just learned that when i looked it up), so that would be another argument against this particular target. I could see something along the lines happening just to force Russia to disperse resources. This would be similar thinking than the first British bombing raid on Berlin in 1941 that had only symbolic value, but led the Nazis to disperse large resources to protect German cities.

Bought just a little of $DFS pre-market because I really liked the results, despite the headline of their customers showing weakness. Many positives like strong earnings, resumption of buybacks strong capital ratios etc.

The Fidelity government MM fund currently yields 3.91%. I do nothing and that's where my cash goes to automatically in my Fidelity accounts:

Yes, you are absolutely correct that IAC looks cheap based on SOP. I do think that they have lately shown a lot of operational missteps. its not just Meredith but also with ANGI. Some of these mistakes seem strategical as well. I question why they get involved in Meredith at all, this is something that even if it works, is probably not going to create a lot of value and an acquirer like ZD which does these type of asset repositioning for a living seems to be better suited. With ANGI, they got over ambitious and intended to transform the ANGI/Homeadvisor marketing/ lead portal into a service portal and got nowhere. In the meantime, something like Thumbtack got traction and provides a much better customer experience imo. Those are just two things that come to my mind and they don't have just to do with the weakening economy.

I guess when you even have to deny things like this, you are typically done for...

Sold LEVI in my tax deferred accounts. Got scared by reports about "peak denim".

There has been some decline in defense stocks in particular LHX which has two mergers pending (AJRD and a sateeite business) so i think it ight be interesting again. No position currently but it looks interesting from a LT perspective because the threats that may increase defense spending are still present. LHX is lower now than at the start of the Russian invasion, which doesn't seem right. Just from a fundamental POV, the stocks including LHX don't look cheap yet.

It's also interesting that these cruise missile systems didn't get intercepted by Russia and have been able to penetrate deep into Russian air space. One of the targeted airbases was close to Moscow. Ukraine may be able to fly one of these ones right into the Kremlin.

Looks like they mostly invest in US tech, so the hurdle should be QQQ. And, yes, their DIA return seems completely off. I get a similar result than @Dinar using this freeware calculator: https://finmasters.com/stock-calculator/?sa=DIA&d=20080930&a=1000

I highly recommend Retrograde - a documentary about the US pullout from Afghanistan in 2020-21 from a soldier POV (US and Afghan). https://films.nationalgeographic.com/retrograde It streams on the National Geographic channel on Disney+

Every manager who holds a large position in CVNA needs to consider their analytical process. This blowup wasn't exactly hard to predict. I do think that @changegonnacome is correct that style drift occurred with many money managers because it worked very well for some time.

Yay -the paper clip is back. This makes sense. The openAI Chatbot is actually pretty good to create outlines for some standardized stuff. i can find these online as well, but having this AI Chatbot directly in Word or Excel maybe is more convenient.