Spekulatius

It's not just about the money. If I feel I get wronged, i want blood. 1) Complain about customer with the retailer in question. Get manager on the phone if possible. 2) Dispute transaction with CC company (Amex is best for this). If this fails escalate to fraud (this always gets attention). 3) Complain with BBB.org 4) Look up company in google maps and put in scathing review.

It's Amazon, so you just return it. I would also file a complaint with Amazon and put in a 1* review.

Maybe the idea of national energy companies is making a comeback. The UK has BP, Spain - Repsol, France has Elf Aquitaine (now in Total), Italy - ENI, Brazil - Petrobas, Saudi Arabia - Aramco, Norway - Statoil (Equinor). Most Gulf states have national oil companies. Lower cost of capital is an advantage.

The thing I really hate about Reits is that the market prices driven by "yield junkies". Some of them are better than others, but there are a few that ignore almost everything else, they just look at yield and dividend growth. As with everything, it does matter how the sausage (NOI/ FFO) is made. That also leads to management teams chasing these metrics that these yield junkies are looking at, which can be a recipe for disaster. Then you have myopic markets (because of above investor base), dependency on credit markets ( to refinance), so there are a lot of factors other than underlying property that matter. For these reasons, I don't really like Reits in general any more.

I saw "The last Crusade" in a movie theatre. Great experience. I actually enjoyed the "Crystal skull". it felt a bit like a James Bond movie, but nothing wrong with that either. Cate Blanchet was pretty good in her role. "Temple of Doom" is by far my least favorite.

This has always been true in real estate, whether you buy a home or commercial real estate. The only thing appreciating is the land / dirt. Almost everything else depreciates.

Bought just a little of BX this AM.

My favorite Indy scene. Applies to investing as well.

@Blugolds11 Agreed that the Indy franchise needs a new and younger face. There is a miniseries around “The young Indiana Jones” that was pretty decent, but they stopped after 2 seasons: https://en.wikipedia.org/wiki/List_of_The_Young_Indiana_Jones_Chronicles_episodes

One article I read stated the redemption came from Asia mostly. I guess it is sport of understandable - everything is down, but BREIT which is up 9% in USD which itself is up 10-20% against many currencies. My guess is that these funds have some hot money. From this article, it does not seem like a fundamental issue with the fund, which has $9.3B in liquidity and assets in the right places. That said, there is probably going to be some hot money running for the exits, but I sort of doubt that there really is all that much reputational damage for Blackstone. https://www.wsj.com/articles/blackstone-limits-redemptions-from-real-estate-vehicle-stock-sinks-11669920880?mod=Searchresults_pos1&page=1

I would think that this can go easily for 7% cap rate. After all Tesla is not going anywhere and since this located in an upcoming area, why not? We have seen Walgreen leases for 5.X% Cap rates and I would rather own this one for 7-8%

you jump from the GG bridge into the net. Then you jump from the net into the water. Problem solved.

Additional color. Seems like they capped redemptions on their real estate fund:

I noticed that BX is down 6% today , maybe because of this? https://www.ft.com/content/f068d13e-e604-4a5c-a3cd-ef6dff6b076f?ftcamp=traffic/partner/feed_headline/us_yahoo/auddev Is this now round #2? Maybe BAM wins from here? No position, just rambling.

Bloomberg gives it a 100% chance of recession in an article based on their economic forecast. Other forecasters are at around 2/3 chance of recession. I think the consensus view at this point is that we will get a recession in 2023.

Thanks for sharing. They are predicting 5.4% existing home appreciation for 2023. I take the under on that one.

It was a small trading position for me and the stock chart looks parabolic. FWIW, WDAY was a tax loss swap from CRM into WDAY a few weeks ago. Growth looks good, but their SBC and income statement looks disgusting. Sold my remainder CRM position at a loss as well.

The indecisive ones can cause pretty bad traffic jams. Some are indecent enough to do their business during commute hours.

If you are actor long enough, you end up playing hero or villain in western.

Sold FRFHF in my IRA. WDAY position AH.

Yeah, one of my sons teachers (Spanish) was zoom "teaching" from his hang math from what looks like a beach. it definitely wasn't a zoom background. Probably sipping margaritas too. But that doesn't change the fact that the epidemic is long over here (or even Europe) since mid 2021 and in China they keep fumbling along. Autocrats can do their non-sense for a long time, until, they die of natural or unnatural causes. At least Democracies have elections and tend to get rid of lunacies eventually.

We know that in the Donbas, the Russians (Wagner mostly) are focusing on Bakhmut which is sort of becoming a modern day Verdun for them. I always find Michael Clarks assessment interesting:

@Xerxes is there a B21 unboxing event? If not's it's a missed opportunity. I like to see my tax $ at work.

I would at this point state that inflation, crypto and gold are three separate things and there is not direct connection or correlation between each of those. I think it's correct that inflation alone is not going to boost gold but rather negative interest rates (after inflation) will as well as fear of monetary debasement. Crypto is a high beta bet on bubbles. It caters to a different crowd than gold.