Spekulatius

Sold SEB today. Turned out ok because I averaged down, but nothing to brag about.

Whee do you get the $40M for Biden net worth from? I think the financial disclosures indicate that his net worth was ~$11M (mostly homes) and didn’t do really change that much during his presidency. I think the $40M comes from social media posts that were all debunked.

Yep, the business division at the company I work for pays for it too in a significant way. End results TBD (whether it can be passed on to customers)

I guess that will be evident at the next quarterly result and conference call.

Musk does not stand a chance against Trump in a direct confrontation. He will be squashed like a bug. The tech brothers live in a bubble that is worse than many politicians - they believe money can buy everything. Bezos wedding is another unrelated example of this is expressed in different way. I think once you are past a certain point in wealth , more money has negative utility. That point is way less than $1 billion.

First quarter results wee ho hum (due to their coffee business impacted by high coffee bean prices): https://www.italmobiliare.it/en/archive/press-releases/board-directors-italmobiliare-spa-approved-additional-periodic-financial First time they announce a small buyback as far as I know : https://www.italmobiliare.it/en/archive/press-releases/launch-buy-back-program

What a great way to spent an evening for the almighty. Amazing what billions can buy you!

Trimmed $ZS a bit in my taxable accounts -~3 bagger. I sold my shares in my tax deferred account too early. Sold SUI for a small profit. I think I am going to put proceeds into $ELS or more $MAA

@Marco Van Basten You should have picked Snake Plissken as yo screen name:

That movie was ahead of its time:

I agree with this. Judgements from lower level courts should not be used for lawsuits that apply or matter for the whole country. This would not be allowed in Canada or any other county for that matter either. I don’t think this is a method the democrats invented. Regardless it makes no sense no matter what you think about the topic at hand.

What could go wrong other than shoddy underwriting (to keep invested assets growing) and stuffing bad assets into insurance co as long duration assets. Its funny how the perfect model thought by those private equity does already exist and it’s called Berkshire Hathaway.

Yes, I did. The short thesis is based on DOGE and that so far has been far overblown. I also traded CACI and made money on that one. I still have my CACI shares in my taxable account.

You definitely want to use different AI bots for any serious work. I’d have found answers from Gemini and ChatGPT the most useful. Sometimes, the answers are contradictory so you need to pick what makes the most sense or try both. I think a better way to describe wha AI Chatbots do is coaches rather than operating systems. You can ask them for ides and then try to expand on them using other source. If you can bounce of your ideas and see if they are sense or ask them for sources. If they don’t have any or not credible ones, thread carefully. About a year ago, LLM Chatbots were totally useless for my work domain, but now they seem to ingested enough data to come up with useful ideas on well targeted inquiries. The progress that is made here is extraordinary, imo.

Just have a glass of wine, sit back and relax:

Here we go again: https://www.bnnbloomberg.ca/business/politics/2025/06/27/trump-ending-all-trade-talks-with-canada-immediately/

Yeah, it’s time for a MAGA group chat. There probably is already one going, I bet.

I wonder who is going to select to do his thing. Probably won’t matter: https://finance.yahoo.com/news/trump-says-wants-interest-rate-212756197.html Good time to own foreign currencies.

Why not? I am almost 60 and that’s what I did. It’s easier when the kid(s) is in college anyways. Easier than shoveling snow for the rest of your life for sure.

I like BAH because they are best of breed together with CACI. This year and potentially next year are going to be relatively weak, but I think at a timespan exceeding 2 years this will look quite cheap.

It is not semantics is the message is just plain wrong. Hitting a target a destroying it are not the same thing. Watch some documentaries about the Vietnam war when both were mixed up by Namara etc. Trump doesn’t like facts because he want to create his own MAGA reality.

Bought some AMRZ like many other here. I also added a bit of HCC. Starter in BAH.

Back to the office. Let’s gooo!

Thinking fast and slow from Kahnemann is a book about behavioral science but very applicable for investing and one of the best book I have read the last 10 years.

Indeed. Maybe that should be what we should be discussing here.