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Sorry to hear that John. I wish you peace. I "managed to produce" minus 32.9 percent in about a month [the period February 19th - March 23rd] while being actually mentally incapacitated, not fit & proper and ill, & doing nothing, mostly staying away from the keyboard and my monitors. On that backdrop, there's no need to complain about minus 3 percent. - - - o 0 o - - - Off topic : Ended the year with a once-in-a-lifetime experience. R.I.P., Little Brother [Passed away December 31st early in the morning, & way too early]. So here, also a huge thank you to Broeb for picking up the baton on this yearly recurring topic.

By some estimates, Softbank is sitting on $4bn gains on this one.

It will start to matter only when Democrat is a president. ;)

Jurgis - You should try this. Ad free, clean, no bullshit here and there.

I would suggest you create a poll here on pricing bands and let people vote. Many people would be lazy to DM. I think I will pay for it as long as it is reasonable and shows current equity pricing. Good luck Garpy.

Thank you.

What large amount of data points? Please share. Thanks. To me, your comment seems to imply that: A) you view the Fed much more influenced by COVID case numbers than employment numbers. Or perhaps, B) you believe that the COVID case numbers are so strongly correlated to the employment numbers so that they're basically the same thing (i.e. if COVID cases decline to zero, employment will quickly return to high levels). Or, C) the Fed cares a lot about asset bubbles and sees this one, so they'll reduce stimulus even if employment hasn't recovered. Is one of these views basically your position? Because the evidence I've seen seems to suggest that the Fed is likely to be reluctant to reduce stimulus until employment numbers return to levels that cause significant inflation. So, I'm curious if you think A, B, or C above is true, or if there's something else that I don't understand about your reasoning that will help bridge that gap for me. Thanks! B. But my bearish view is based on a large amount of data points I track, not just based on COVID alone. Those data points led me to sell out in mid Feburary and I was feeling like a fool for two more weeks back then. Right now those data points look even more exaggerated than in Feb. However, I've been weighing the two scenarios since last night. Sector rotation vs everything crash. I start to lean against the case of a sector rotation right now. When AAPL, TSLA, SHOP etc go bust, traditional value stocks could have their day. People who bought AAPL and TSLA have never bothered to look at what happened in 2000. Cisco was the equivalent of AAPL and TSLA today. When Cisco went into bust, it went down 90% while traditional value stocks like BRK went up 100%

It is good, not sure where the database is getting filled from - CapIq or Bloomberg or something internal.

This is a really clean and crisp tool. I have been using it for last six months and greatly benefitted from it. One issue I have faced is that the security page does not show the current price of equity in real time. Sometime it is dated by a day almost. Other than that, I really like it.

Just sent you a PM.

Great Post. Thanks for sharing your wisdom and being humble.

It is in China's best interest to create chaos so that India comes off as an unstable place for many businesses to pivot from China to India. The good thing right now is that India has a very strong leader so no bullying will work. If this escalates, it will be to Trump's advantage to really take on China or broker peace and look good. China is playing this multi prolonged warfare against India through Nepal, Bangladesh, Pakistan and Sri Lanka. At some point, India will say Fuck It and go on offensive even though it is not her nature. India (current ruling party) doesn't have a lot to loose at this stage, China surely does. Let's see what the next couple weeks bring. It seems to me that India is the best target. What else should China pick? Philiphines? That would be like an adult bullying a baby. Not something glory to talk about. Taiwan? That's too scary. US army may involve. No something China wants. Russia? Mongolia? No way lol. So if it is not India, which country else is a better target? And don't forget that China won the war against Indian invasion in 1962, even though the Indian army way outnumbered, with most of their Elite troops. It is natural to think that Xi wants history to repeat.

Do you mean TSX:MDI? What are your thoughts there?

100% vertically integrated but outsource most of what they do. Lot of buzz words. Unbelievable.

ValueAct was part of the Valeant initial run up too.