WayWardCloud

Starter positions in SalesForce and Adobe.

I added a bit to Microsoft today. 4.1%>5.5% of net worth. Looking at Netflix, SalesForce, Adobe... Scary times but lots of opportunities too!

During the presidential last election, Macron ran up against Marine le Pen who had taken the helm at the Front National party by evicting her own father who founded it. So the joke in France was that we were having a freudian oedipal election between a woman who killed her father and a man who married his mother

I usually pay for just one month and spend that month absorbing what they wrote in the past year or two. You don't need continuous access. I think some are well worth it.

Thank you

Curious why Mastercard and not Visa? (or Mastercard AND visa?)

I find blogs dangerous because there is no pushback like on a forum which makes them very convincing. We're all geniuses when we talk to ourselves in the shower. I like that guy : https://www.mbi-deepdives.com/

I'm selling Universal Music to buy Tencent in my Roth IRA. I got lucky on timing and UMG worked out very well returning 33% in just a bit under two months. I see no reason to linger into it. I love the asset but it's pretty low growth and I despise management, meanwhile Tencent is at an all time valuation low.

I shed a tear laughing too hard, thank you. It reminds me of five years ago when the government sent everyone a check and people exchanged those dollars for imaginary dog money and monkey jpegs. I used to be enthusiastic about the idea of universal basic income until then.

Welcome back! Your risk tolerance sounds off the charts and I'm really looking forward to reading about your adventures. Thanks for sharing your current positions. Is shorting a short a way of capturing beta slippage? It sounds like a free lunch and I am wondering what I'm missing. I understand better your other post now. If I had a x40 in my past I would probably as well be a "degenerategambler" for life, trying to reproduce that high. It sounds like you've already had several other big successes since then, that's awesome. Do you follow a certain method to decide what percentage of your net worth to allocate to each idea?

That's obviously the holy grail with any trend : getting in on the upside and getting out (or turning short) right at the top. Kudos for trying and I wish you great success but how many people have been consistently able to do that in history? I worry you might be trying to be too smart for your own good. If you think there is a bubble of irrationality in a certain part of the market, just stay out of that part and find something else that you like at a price that you think is fair or cheap in another unrelated industry. Because the second you decide to "play" it, whether long or short, you make yourself dependent on that very crowd of irrational price setters that send shoe companies to the Moon. I don't personally think we're in an AI bubble but, for example, I've never believed in cryptocurrencies and I've always considered Tesla to be overvalued by a factor of at least 10x. Right or wrong, I still feel the same 10 years later, but boy has the market taken the other view! How could I possibly gauge when the tide will turn around since it's based on nothing but crowd mania? I don't have any control over those people and I have no idea what might make change their minds and when. And most importantly how do I avoid getting doubly smoked if I'm wrong? I remember some famous investor was short Tesla and long GM like a decade ago. He had a whole deck that made a lot of sense on paper. I became a better investor once I decided I should focus on making money and not on feeling smarter than others. I realized there was a lot of misplaced ego involved in my contrarianism.

Thank you. I'm curious to see what the rest of the brokers report in the next few days. The market seems to believe the issue is limited to BRO in particular since the others didn't go down too much in sympathy.

I'd be curious to hear your thoughts on the earnings

Congrats

How is SpaceX commoditized?