ratiman

Not wrong I have no idea why he's coming up in my Twitter feed but it should be amusing

Yeah I saw that. It's pretty nuts if he can't get funded, or maybe the problem is with institutions? None of my business but he should be a source of entertaining COBF content for years to come. Some of his conference call rants are

The latest 13F doesn't show any new positions except Playboy, which has already had a big move. PAR is an interesting one because I've seen some shorts circling it but I haven't looked at it. https://finviz.com/screener.ashx?v=211&t=PAR,APG,RICK,GFL,PLBY,FAT,&ta=0&p=w

The photos are something else https://www.forbes.com/sites/antoinegara/2021/05/25/how-this-democratic-senators-son-made-100-million-in-stocks-and-why-he-fled-to-low-tax-florida/?sh=3e1a88973cbc

Isn't the problem with "asset lite" businesses today that they're all valued on 2050 earnings? OK so your business was insulated from inflation but the multiple was sliced in half, that seems like a loss. If the business is priced like a bond, it will be hurt by inflation no matter what.

Gotham filed 13gs in 1999 at Sbarro, Old Guard, Commonwealth and Key3Media. It probably wasn't Sbarro, Key3 went under, and it might've been Old Guard, which was bought out at $12.

Social security and Medicare or another fleet of bombers, what is it going to be?

Yet Another Value podcast, Investing City, Acquisitions Anonymous are good ones.

I did give the podcast a listen and the light tone and chemistry between the two is appealing but I think it might be in the general interest death zone where it's competing with a lot of bigger and better known outlets. The discussion of the Klarman 13F was interesting but I wanted more of a deep dive that would go through his portfolio and try to piece out what he's thinking and why he would pick those stocks, especially some of the smaller holdings. The only people who are going to find a small investing podcast are investing junkies and they are interested in info they can't find elsewhere.

A Chicago-based truck-trailer manufacturer is increasingly hosting drive-through job fairs and raising wages by up to 7% as hiring picks up across its nine production plants. "Rising trucker wages" is such a joke at this point. WSJ, Bloomberg and Washington Post have run "trucker shortage" stories literally every two weeks for the last twenty five years.

These are two that I've found useful recently about small businesses. https://www.alexbridgeman.com/podcasts/ben-rudman-investing-in-consumer-businesses-ep-28/ https://anchor.fm/dealtalk/episodes/Dumpster-Roll-off-Business-in-SE-USA--e13-eoba40

I don't know much about this but I found this article, analyzing Amazon's R&D back in 2012, interesting. https://seekingalpha.com/article/603331-making-sense-of-amazons-market-value

If the phrase "naked shorting" were replaced by "single stock futures" then all of the dumb conspiracy theories around it would disappear and nobody would pay any attention.

The "market cap" of bitcoin is $360 billion, roughly. Nobody would suggest that the Walmart float could be cornered, how is bitcoin different? There is unlimited supply of bitcoin because it can be shorted and there are futures. There is no shortage of bitcoin in fact there is so much bitcoin that bitcoin fanboys have to constantly pump it to keep it going. You don't see Walmart shareholders constantly pumping because they don't have to. You don't see Walmart shareholders saying "Look an insurance company bought some Walmart. This thing is unstoppable! Buy Walmart!"

The difference between 2020 and 2017 is that everybody's already heard of bitcoin. At it's peak in 2017 bitcoin was traded in NBA locker rooms. Those superspreaders have moved on to whatever is cool these days, I have no idea, probably Tiktok or something. But it's not bitcoin. Bitcoin is supposed to mature into a respectable institutional asset but all those institutional buyers are secretly expecting Bitcoin 2017 to happen again. It's not happening again and when it doesn't they will be left looking like the equally stale "hello fellow kids" meme.

Manias don't happen twice. You can't get the public in a frenzy a second time about a distributed public ledger. I'll be glad to come back here again and admit that I was wrong but I think all the sharks cornering the float are like those guys who bought up all the hand sanitizer and had nobody to sell it to.

The bitcoin run in 2017 was a wild ride full of thrills and laughs and great memories. This is a grim grind higher driven mostly by strategically timed press releases. It's going to be hilarious when 100 hedge fund managers simultaneously realize that they're the bagholders.

What does MCC offer? Is it a forum like COBF?

I buy a lot of crappy $2 stocks and the commissions at IBKR are killing me. Second, IBKR will nickel and dime you and the platform is too hard to understand. Second, these brokerages put a ton of money into things I don't need like charting or news or screens or whatever. They would all be much better off just offering bare bones trading with no platform. It's not possible that anybody actually picks Etrade for the charting. I used Firstrade for a long time and it was fine. Finally, I happen to think that selling order flow is a good thing. If the buyers of order flow think I'm an idiot and want to trade against me, that would be great.

I was thinking of shifting my account over there but noticed no trailing stops. How do you find it?

He seems to be making a deliberately paradoxical argument. He's saying "the market isn't efficient, nobody can make money any more." But that's why you can make money in the market, because it's not efficient. He just sounds like a quant who's complaining because quant value strategies don't work any longer. That might be true. But there is no guarantee that mechanical strategies would work forever. I have to add that part of my annoyance with his argument is that he begins every answer with "So . . ."

Buying some Sandridge, the graveyard of oil and gas tourists. Results look good, all the debt is gone after the HQ sale.

Looks like the rule change isn't going to happen. Good work guys. https://www.msn.com/en-us/money/topstocks/sec-push-to-keep-more-hedge-fund-investments-secret-fails-report-says/ar-BB1arjw1 Public comments on the proposed rule change were nearly unanimous in their disapproval. An analysis by Goldman Sachs found only 24 comments out of 2,238 supported the rule change. Large corporations opposed the move because it would give them less understanding of who their shareholders are, and other market participants decried the reduced transparency that would result from the change, and which would depress investor confidence. Bloomberg reported that SEC officials were suprised by the level of opposition, but a statement said the regulator will continue to look for ways to reform the rule. “It remains clear that the current threshold is outdated,” the agency told Bloomberg. “The comments received illustrate that the form is being used in ways that were not originally anticipated when the form was adopted. We are focused on examining these important issues before we move forward with determining the appropriate threshold.”

If you have an Amazon sellers account you can use the sellers search tool and that will show you all the results, not just the ones Amazon wants you to see. Often there is a lazy seller who has a much cheaper price especially if its a used book that went through multiple editions.

Thanks. Secinfo does the same thing (also for a fee) but Feedly works fine.