Gregmal

Sold last of my NXPI premarket at 102. Busted merger play that ended up producing a respectable shorter term IRR after trading around it(December helped big time). Noticing a trend with this company that I'm not a fan of, and I'm already overweight GOOG, GM, and CIBR, which roundaboutly cover all the things I felt I liked about NXPI. EDIT: Also sold last of my JOE; again, thanks December!

Ive long believed that if you want to invest with somebody, you want to invest with a guy who has a great track record of individual stock picks rather than some prescient macro calls. Making a big macro call once every dozen years gets you a ton of publicity that, even to this day, still helps guys like Paulson and Kyle Bass. But its smoke in mirrors and usually reflective of a failed strategy. Give me the guy who's picked 3 multi baggers or special situation plays with 100%+ IRR's in the past 5 years.

Marketing geniuses and value creation jerk offs...

Probably about what 5/50 on your brokerage account translates to after turning out 30% for the year.....

Whats the reason for the switch? You see more upside with PayPal? Long term yes. Short term also capitulating to any bearish ideas. The original idea was to invest in some recession-resistant dividend paying companies with at least some pricing power. But growth has totally outperformed this idea. Mostly I think I need to move towards a more passive (indexing) option, at least for the near term (3-5 yrs I'd guess). Over the last year I haven't really had the time/energy/pleasure to actually do any investment research, and the results reflect it. Even worse, I haven't really cared... The reality is given my situation (age, net worth) my ROI is higher concentrating on my career than on my portfolio (ROI both in terms of amount and volatility of cash inflows). Something about whole-assing one thing vs. half-assing two things ;D ;D Its OK LC. Ill manage your money for 5/50 and show you how its done. I do for a lot of liberals.

Sold a little CRSP and swung proceeds into MSB.

I think the point he is trying to make, is the same one he's been trying to make for AT LEAST the last half decade. And it s a point worth considering for ANY investor. But he always goes about making it in a way that serves his needs and justifies his lousy performance. As you even pointed out, he misrepresents things quite often, and just doesn't learn from his mistakes. I mean look, there are businesses out there trading at prices a rational investor should never consider paying. But that's fine, no one forces you or me or anyone to go buy them. There is plenty of $$$ oozing out of other opportunities...focus on that! Its just so off putting and dishonest IMO the way some of these guys act like "Oh Tesla is crazy...thats why I lost 20% last year...the market is out of control"... when thats just not really something that makes a whole lot of sense to me.

Congrats to the bunch of people buying GOOG not too long ago on that dip under $1100. This is why its baffling people can't outperform if actively managing. You should not be managing anyones money; not even your own, if you cant/couldnt see the merits of GOOG from an investment standpoint. From early June this is up near 20%....

This guy just doesn't learn... "Einhorn: “For those that think the 2000 bubble was the big kahuna, consider Chewy, which went public in June 2019."" https://seekingalpha.com/news/3481765-einhorn-picks-chemours-dillards-scientific-games-pan-chewy Not everything is a carbon copy of some other event that occurred in the past couple decades. But I'm sure in 5 years, after his underperformance continues and assets dwindle down even further, we'll here about how he nailed it and see numerous victory laps when the market does finally correct and one of his highly touted 150bps short positions goes to 0...

This jerk off failed at managing money in one of the easiest environments ever... now he's running a bs newsletter....and people are bidding up stocks based on his touts? LOL suckers https://seekingalpha.com/news/3481080-home-plus-16-percent-tilson-tips-buyout-activity https://empirefinancialresearch.com/articles/snap-is-ripping-stock-idea-of-the-day-at-home-gabriel-gregos-takedown-of-bio-on-when-martin-shkreli-tried-to-stiff-me The only question anyone paying for his services or considering acting on his recommendations needs to ask is this... If you are worth listening to, why couldn't your fund make money?

His neglect of BRK shares for the past couple years while off "elephant hunting"...

Bought some of this right now lol. 19.4

trimming some CLF

Here we go again with this scumbag. https://nypost.com/2019/07/18/singers-2b-deal-for-qep-on-shaky-ground-after-bid-reduced/

Slowly wading back into MSB now that the small distribution announcement is out of the way. Such an easy seasonal trade.

Bingo. The tri-state area is not the same "NY" as Flatbush Ave. Yes, hence the: Except they already determined it was a blown transformer. They could be lying and it could be something more devious they are trying to keep under wraps, but most likely it isn't. So who is there to "hold accountable"? More likely just another politically motivation investigation, where they'll rail on the big bad corporation and utilize the talking points for political highlight reel material.

Example number 1 of criminal justice system being totally fu**ed? https://www.yahoo.com/news/teacher-jailed-20-years-having-144000464.html Chick who has a clean record, along with likely some mental issues and a sex addiction gets 20 years for doinking a 13 year old who supposedly was obsessed with her and pursued her relentlessly. Not to mention, is it not a fantasy of pretty much every teenage boy to screw the hot teacher at school? Epstein got what, 12 months for trafficking and rapings galore of teenagers around the same age? Hopefully he gets 20 per kid going forward.

So my first post was kind of mocking this and being facetious, but in a more serious manner, if this is the case, and such a short period without power could cause mass harm, shouldn't there be contingency plans, back up power sources, etc? Like it really wouldn't take much for a foreign terrorist organization to knock out power for a day or two and cause something really, really bad, no? Like yesterdays event seemed like a normal course of business event. A shit happens and that's to be expected situation. Transformers go all the time in most areas. NYC, from an infrastructural standpoint, needs to get its shit together.

Are New Yorkers.... https://www.cnbc.com/2019/07/14/con-edison-apologizes-for-manhattan-blackout-as-governor-orders-investigation.html I lose power occasionally during storms for a short period of time; maybe 1-2 a year. Have had a few 12+ hour outages during incredibly bad weather spurts over the past decade. Shit happens, this sort of stuff is part of life and expected. These tools lose power for 4 hours and now want an "investigation", to "hold all parties accountable", because losing power for a few hours is "unacceptable"? So glad I moved from that area. And clueless De Blasio, out campaigning rather than doing his job despite having less than 1% of the lefties, blamed a manhole fire LOL

Pretty interesting theories out there. This is guy is said to be a billionaire, but has no known clients and has never traded with anyone. http://nymag.com/intelligencer/2019/07/hedge-funders-have-some-thoughts-on-what-epstein-was-doing.html

Trimming CVS a bit

SPACs are great. I dont know why people invest money in CDs and Treasuries. SPACs more or less give you a worst case treasury type return, with upside on a good deal announcement. Plus warrants/rights. This should pop, but holy he heck, 2.5x 2023 revenue! Talk about a margin of safety. LOL. Good trade though here with a floor on the stock.

Definitely recommend Montreal. Great restaurants, reasonable on the cost side compared to big cities, so clean it blows your mind, especially if coming from a shit hole like NYC, people are welcoming and friendly, hardly any homeless people, and everyone loves hockey. Oh yea, world class strip clubs too. I remember seeing someone rush across the street to pick up and throw out a soda can and thinking, we need more of these people in US cities. People bump into you on the sidewalk? "I'm so sorry" is often the response. Not the "what are you looking at" stuff you get from the savages in NYC/Chicago/etc.

Started BUR.L Also added AVM last night

Sold to close OSTK $10 Sept calls