Spekulatius

I have no idea and don't make the rules. In the ideal case, the people living there got a say (referendum) and decide where they feel they belong to. Same in Donbas.

Bought a starter in AMZN and added just a little to BX.

Way to early for investment angles imo. One thing to keep in mind is that nuclear fusion will likely also create nuclear waste. while fusion does not uses radioactive fuel (unlike nuclear power), the output is lot's of gamma radiation and neutrons, both of which make the surrounding material radioactive over time. So while it likely creates less radioactive byproducts than nuclear power, there will be some and they might be harder to deal with, depending on the reactor layout.

Don't worry about Putin saving face - he can stand tipsy with champagne in his golden hall blurting out unscripted whatever he wants. If need be, he can sell why he lost Crimea too to his fellow Russians , if indeed this is what happens. They may not believe the story, but they will pretend to.

@Castanza I agree with @rkbabang here - net energy gain is a technological milestone, but it's not really a commercial breakthrough. I think we are decades away from using fusion to generate meaningful energy and many technical hurdles are still ahead.

@Luca I can imagine this or that but Xi is in power for life and he believes in communism. So I think that’s what we are going to get from China. Communism is not good for shareholder returns. I don’t think it’s much more complicated than that.

Who says that crypto is safe from let's say a majority attack? It's just 14 years old construct and has never really been tested against a determined player with huge resources or a few of them working together. Once a player has control of the network , they can double spent coins and wreck the integrity of the blockchain. If you really think that a government seizes all assets, could it be stopped from wrecking crypto that way? I don't know but I don't think it safe to assume that crypto is safe from an attack from a player like China, the US, EU or even few of them working together.

I see this the same way. A truck with a huge generator should be a hybrid because if you build a truck with big generator, you might as well use it to drive the car (via electricity/ batteries and an electric motor).

@Cod Liver OilHow fast did your wife drive? I have gotten speeding tickets too in the past but typically with the driving school remediation, there is no premium increase. I think you just need to go a n insurance broker and let them find the best insurance for you. Bundle up with homeowners and umbrella and i found that i could always get better rates than Geico.

Why would the US sent patriots to Yemen to help the Houthi? The Houthi are not our friends and neither are the Saudis. In fact if I read this correctly, the Houthis are loosely allied with Iran, so if the US sends Patriots to Yemen, they could end up in Iranian hands. if there is a conflict to stay way from, that sure looks like one. Ukraine is an entirely different case, imo.

I think that's the way I see it too.

The chart really shows that 3 month worth of data isn't worth much imo. I actually agree that it looks like the worst is over, but we could still have a 5% inflation run rate right now. We cant use monthly data and I think YoY data is the right way to go about this. When you want to control something with a lot of noise, the last thing you want to do is react to every high frequency input.

Odd lots has a good podcast on the controversial stable coin Theter: https://podcasts.apple.com/us/podcast/this-is-what-we-know-about-how-tether-works/id1056200096?i=1000589836780 Looks like something build to be a black box - little is known about what they own and where they hold assets (supposedly Taiwanese banks). It's basically a crypto bank in the British Virgin island operating from HK. You can't really make this stuff off. Whoever holds this and is surprised when part or all the money is gone (peg is broken etc) is not paying attention. Mindboggling...

My main worry would be that Ukraine starts to shoot down cheap $20K drones from Iran with $500K missiles. What concerns do you have? Ukraine needs longer range weapons to destroy the drone / rocket bases from which Russia launches their missiles, imo. The US knows where they are (I presume) based on trajectories and satellite surveillance.

@Parsad That one may be more relevant: https://finance.yahoo.com/news/binance-withdrawals-surge-concerns-report-002040397.html Binance is probably toast. The owner seems weird and has been backstabbing other crypto exchanges. Looks right now that it may be his turn now.

The car/truck would need a huge generator to do so. It would be a waste for almost anyone.

This whole thing is so bizarre on many levels:

Going through the Ricky Lee Jones Apple Playlist today: That's some of the best Jazz/Folk/Pop of the 80's.

To be sure, I am not sure which way GSHD goes - MLM marketing scheme or legit insurance franchise / operator or something in between. 1) GSHD has seen strong growth in recurring revenues recently 2) I don't understand how a 50/50 split works for a franchise. it seems very high to me, comparable what a real estate agent can get when he works with a franchise like Coldwell bankers etc. However in that case the real estate will do the complete back office, pay of the office space, some of the branding advertisement etc. that's way more than what GSHD seems to be doing for their franchisees (some call center and some software / connections with insurance cos ). I could be wrong, I have neither experience in insurance nor with real estate agencies. However, I have talked with my real estate agent about how this works (she ended up going alone later).

Adding a bit more PBR A this AM. Anybody knows why it's down pre-market? I assume more political rumblings in Brazil.

Actually used car values have been coming down quite a bit since Summer 2022. Lets take a typical sedan - Honda Accord: https://www.edmunds.com/honda/accord/2020/vin/1HGCV1F16LA089349/?radius=100 Most used car charts for different brands and models etc look like this. Fred shows this too, but their trend line lags a bit behind.

Ouch, that’s more than 5x the hugely inflated prices on the European continent! What does the Uk do to alleviate the situation? Germany builds LNG infrastructure like crazy to replace the Russian NG with LNG. The problem won’t solve itself.

@Blugolds11 The interview is almost 4 h long, so it didn’t watch it entirely. Yes, I mixed up in the interviewer with the Bustamante who seemed to have wrongly assessment the situation (claimed Russia was winning) based on what happened since the interview was given.

Onex looks more like a 10% annual grower than a 15% grower (which is their stated target), but that’s still cheap at ~50% NAV. They can add a few percent of growth just buying back shares below NAV. I don’t think this business is as good as those US alternative asset managers or even BAM nor does it need to be at this valuation.

@Grenville All insurance cos do this from time to time. You need to good agent to search out the right insurance for you. On the East coast where I live, it’s often a mutual insurance cos. I also bundle everything (homeowners, car, umbrella) into one. They are also very good on the claim side - at least that’s what my agent tells me (haven’t had any). I guess that goes into @dealraker thesis regarding insurance brokers. I used to do this all myself (finding cheap insurance), but the brokers are worth their money, if you find a good one.