Gregmal

Never forget: “the market is pricing in 6-8 rate cuts in 2024 and at SPY 4600 there’s absolutely no margin for error, the market is priced to perfection”…. Zero rate cuts and 3 dots plotted on the stupid chart later….

Its a lot of these things but when they come together it creates something magnitudes worse. Like just the general lack of decency from many of these people. The way they make these "ideals" a selfish entitlement issue. How everyone just needs to eat what they have to offer and take it. How we've turned terms like "family values" into something with a negative connotation. Right, so even recently I snickered after getting a community email for one of our clubs about how "thong swimsuits are not permitted" and couldn't help but think how if it was the town pool or some city location how you'd get a parade of outraged Tik Tok videos from a bunch of mouthy, entitled whores complaining about how their civil rights are being violated LOL. People just dont think about anyone but themselves these days. Politics and social media are definitely the culprits.

Yea its happened in a lot of places. The town I grew up in, a NYC suburb has gone from like 50/50 to 70/30 blue. Look at New England in the suburbs, with all the high earning men who's wives wear the pants and push progressivism from their classrooms....gone from healthy purple to clean blue....the stuff is contagious. You used to be able to find "normal" in a lot of different places throughout the country; today IDK, the things you have to sacrifice to get normal are crazy. Theres places that are inherently loud and emblematic of the things most people hate...you expect the things that you expect in NYC, same as you expect WV things in WV...there used to be a whole lot in between NYC and WV but more and more of the map is getting into this flag planting bullshit where everyone needs to declare their positions on these dumb issues. Now that I have kids I want nothing to do with these sort of people, and my animosity just grows as I have to sit here and look at these people who lectured us on following the science through their triple masked ensemble now tell us gender isnt real....

50/50 maybe. But the noise is exponentially louder

I’m just generally over it and have given up. The last 4 years(starting with COVID, not Biden) I’ve just come to terms with the fact that the system is unbeatable. It’s not changing. You can only change what you have control over yourself. Even my great little Northern NJ town that I moved to over a decade ago now…started as probably 60/40 conservative, but the thing is, no one talked about politics. No one really cared or lived with it influencing anything they did. Then we get COVID, and all these shoebox dwelling assholes I guess apparently realized they value some space and not having the government tell them where they’re allowed to go for a walk or shop, and then come out here thinking they’re hardasses with their dumb hate has no home here bumper stickers on their $90k Suburbans and guess what? Now all the red hats come out, we have antivax rallies outside the town square, every board of Ed election is now about tampon dispensers in the boys rooms and what’s available in the libraries….and it’s the same shitshow it is everywhere else I detest. Fuck all these people. So like a grumpy old man I’m packing my shit and moving to where the only topics are what’s your t-time and how’s the investments looking? Just done with it all.

I mean watch how many people vote Biden even though the dude isn’t even capable of holding a conversation, asks his keepers if he’s even allowed to answer questions from the press who white glove him to begin with, and quite clearly is guilty the same shit they whined about Trump and his family doing? My goodness. And then when you ask them why? You’ll get some bullshit cop out like “they’re both bad but he’s better than the other guy” like some handicap 5 year old!

At the end of the day, because of the corrupt nature of it all, you have to ignore the candidate, and simply look at the policies. Do you believe in high taxes or lower taxes? Do you believe in law and order, or zero accountability chaos? Do you believe in responsible immigration or a free for all? We were obviously fucked, when even smart people like Mitt Romney, and heck LOL even a big number of folks we could see even on this site, just total emotionally crippled dumbasses, just couldn’t put their personal disdain for the guy aside, and openly supported a guy who literally ran on “open borders”…and will now listen to the same guy claim he had nothing to do with the current border situation despite reversing what? 40 different border policies within his first month in office? The same people cried about “cozying up to dictators” and voted for a guy who’s a career warmonger and guess what? Now we ve had a new war pop up pretty much each year he’s been in office. Like with religion, sometimes the enemy is just brainwashed even though otherwise they might mean well.

$30b it is

Yea FRP you can just put in limit orders and call it a day. King of fat finger or random 4-5% volume induced dumps but is otherwise very stable and with the old buyback floor at $54 I’m fine moving my expected trading range from $54-60 to $58-65 given the fundamentals keep getting better.

Yup. Small fund being put together so a few employees can pay taxes.

White whale of mine. https://www.fanatics.com

More FRPH and finally got a lead on Fanatics shares.

Yea I’ve always laughed at this aspect. I’m a buyer…I’m not a retard. I have a lawyer. I’ve always wondered why my agent would get 2-3% because the lawyer I’m paying $1200 for the transaction does significantly more work. In my life buying properties, I’ve never had a scenario where an agent earned even a fraction of the commission in relation to helping me find the property. And only on one of the transactions would I say it’s been deserved for other reasons….mainly providing info and support in and area I’m new to….so generally speaking….can’t help but think the buy side agent ends up offering shit like $499 representation deals and whatnot. Even that…it’s like ok we spent 20 minutes seeing the property and you texted my offer over…not bad pay for the work.

No real model. But generally speaking, what are the odds I make money, in absolute terms. I honestly have never cared or played the “will this outperform t-bills/S&P/whatever” game…that’s stupid. If I see an investment, EBay for instance…I can say that at $42 a share there’s virtually no way I lose money on it with a 3-5 year timeline. If risk is low, reward does not need to be super high…but the real gems are where you can find something with super low risks and some upside call options. Nintendo at $10, same thing. So I guess really, for the super majority of my portfolio, I look for things where at worst my money isn’t going anywhere and at best I can make a lot. Over time I’ve moved away from stuff like biotech or cigar butts where I might make a lot but I also might lose a lot.

The problem with the obviously great ones is people always complain that they are expensive. Otherwise, what’s not to like?

Totally. I remember making a rather irresponsible earnings wager on Apple in maybe 2012 or so and being told "thats silly, its $400B company...how much bigger can it get?"...these things are silly talking points.

But also, imagine not even buying the rock…but sitting around obsessing over the rock….whining about how only 7 particles of the rock are the only reason anyone wants the rock, wallowing about how rocks will go out of style, and then spending even more time wondering if you should short rocks, and getting mega excited every 5% pullback thinking this is the beginning of the end of rocks? Meanwhile somewhere else there’s trees paying you $12 instead of $3.56, and ponds with fish that produce $15? Pretty stupid to be focused on the rocks, eh?

It’s amazing all over the absolute obsession every outlet and market participant has with talking about “the magnificent 7”…like all consuming obsession. Recently I’ve even seen articles about “Mag 7 underperformed the market since mid January”…and it’s just like wtf is wrong with people? Takes Bruce Berkowitzs “ignore the crowds” slogan to another level…like any guesses how many of the people consumed with Mag 7 analysis(you know, as if they all have some proprietary edge over everyone else and their mother who’s staring at the same 7 stocks….” Are actually outperforming or even sniffing acceptable levels of portfolio performance? A good many Id gander probably don’t even have proper market exposure…. This is where we eventually mature and see how investing is easy if you just do your own thing and stop looking at and for the same exact shit everyone else looks at and for…

Yea, goes after a low beta snoozeCo and then starts doing his "look at me" marketing antics. Thats the formula.

Can we create a news network that is not dishonest and actually labels its guests and fodder characters appropriately? Rather than “the guy who called XYZ crash”…wouldn’t “the guy who’s made 643 predictions with a 4% hit rate” be more appropriate? How about? “the guy who’s lost 30% over the past decade while underperforming the index by 300%”…instead of “famed short seller” can we get a more honest “guy who cries wolf a lot and if enough people are dumb enough to fall for it, buys the stuff he says he’s shorting”?

At this point the guys best and highest use would be running charity auctions for the right to be punched in the face by current and former clients whom he's cheated with his antics.

I still occasionally dream of someone hacking the CPI and releasing a 15 print or something crazy just so we can see these mindless monkey boys who “brace” for these sorts releases have seizures.

As an American I’ve been disgusted by all the warmongering that’s been brought about by the current regime…but it gets to another level when the SOTU headlines are that we’re “determined to avoid sending troops to Ukraine”….huh???? Who TF was ever even talking about sending US troops? It’s bad enough we re wasting billions so a dementia ridden puppet can play stratego….now we need to kill our own over some foreign pissing match? Fuck these people.

More egg on the faces of Jerryband Friends with NYCB. This is pure awesome…force the asset sale, give the ok to the buyer(nycb), then basically pull the rug on them with the “regulatory” angle, effectively causing the typical dominos to fall(media/social media/short sellers screaming hoping to cause a run on the bank), then….blame it on bad management lol. Fuck these people, such idiots all around.

Sold the last of my SPHR.