Gregmal

Happy Holidays everyone. Grateful for another awesome year!

And while my shitty private crypto company keeps stuffing cash in my pockets, CNBC pumping articles about how “Wall Street Likes These Bonds For Strong 2025 Income”…. Huh? Isn’t bond income just income? What you get is what you get….if I buy a 6% bond, that’s not “strong”, that is what I signed up for….

Ripple now tendering for another 5% of shares at $125 per share. Roughly $25b valuation.

Yea fuck you money ain’t a few million. Even if you’re independent financially, you’re one lawsuit or bad break away from reconsidering that stance. Best example of fuck you money is Musk willingly overpaying for Twitter to troll a bunch of nutjobs.

I asked awhile ago. They insist on being near a major distribution route, which out there would be I10. I did however get a nod and a smirk when asking about the Costco of gas stations, which is Buc-ees. Think that would fit in nicely on 79 somewhere.

Yea Sazerac/BTs late November releases.

Took the yuge news about quarter point rates cuts and dot plots as an opportunity to pick up some bourbon. ‘Tis the season

Haha all good my man. If only they were all as easy as Ebay!

I agree. Dying for standalone Topgolf. Meh on Calloway. Outside of EBay, didn’t really have a top idea for 2024. 2025, think it’s finally time for MSGE. Buybacks, valuation and balance sheet will allow it to finally do what everyone’s been hoping for since the Sphere separation.

Yea there’s plenty of cheap stocks right now except all everyone wants to do is pontificate about macro bs and be the next Mike Burry to call a bubble lol.

NKE

I started off wanting to do law school. The GFC occurred and I thought finance(being totally wrecked post 2008) was more appealing than another 3-4 years of school and tens of thousands in wasted money. I ran into a friend who was doing a job interview for a stockbroker job while at Webster Hall one night. The rest is history. As they all say, I was just “lucky” on the timing….maybe, but everyone who gets somewhere catches a break and then runs with it.

Yea good point. I kinda think the tax aspect is underrated in terms of a point of discussion. My style, largely manifested from being a technically unsound schmuck with nothing whom tried to fund his IRA like “you’re supposed to” and after a couple years out of college getting disqualified for income purposes just giving up. I couldn’t put a measly $5500, less than 2% of my income, into an IRA…for, I don’t know why, purposes. So I gave up on that $11k in the IRA and just did everything after tax. And as the balances grew, so did the tax burdens. And at that point I had to make choices. Short term investing is so hard on many levels but also mentally taxing bc it’s not a cruise control thing, you have to consistently keep generating new ideas. I’ve shifted now to focus more on quality of life. And I don’t focus on short term trading bs or fluctuations. Quality of life is higher. Compounding is easier although not better, but I would not trade it for the other side of things.

Private placement

Yall are just behind. Theres been 24/7 trading for decades. America closes and Asia and Australia open.

These people are idiots. The worst is when they try to validate their nonsense whenever we do get a correction or two. One should never listen to them. You need to have a different mindset than these losers in order to find investments, period. Otherwise you end up being so scared of the macro that you miss great bottom up situations.

Back when I used to run the biz, we used to jokingly tell guys to keep the Hussman performance charts handy. That way, regardless of how much we sucked, we could always say “hey Hussmans still in biz”…or...”can’t sue me for honestly just sucking at my job”. lol

Ive made a living in the small and even super microcap space over the years. Returns are extraordinary if you figure it out. You either need good management AND a good capital structure, or you need a clear catalyst. Then market cap doesnt matter.

Nah, if you’ve been around long enough, and seen enough, you know there’s clearly pig moments where you can make fortunes speculating.

Yup, the exact opposite of what everyone does. Poor people try to get rich by speculating. Rich people buy solid, stable assets and then speculate. Basically, you should speculate when it’s funded from your passive income, not your day job.

I sold the XRP as it was really just a trade, but I still have all my Ripple Labs shares minus a few that have been tendered. You start doing a little math on the Ripple balance sheet which holds XRP and is cash flow positive…an IPO would be fun.

I cant help but think part of the problem people have keeping up with the index or really any semi competitive benchmark is that every tick up we're worried about it being "the top" and every tick down is "the start of the crash"....Seems like a recipe for failure but a cure for ones ADHD in terms of always being busy.

Yup the “virtual” meeting is a disgraceful way to screen anything incoming from shareholders. If you’re doing shit that’s gonna make people wanna kill you, at least you’re getting paid $10m a year. Man up. Same shit as the old school boxers getting $20m a fight and then having brain damage later in life…not up for the job? Don’t take it. Why do shareholders always get shortchanged?

Eh just like Covid companies will use this as an excuse to be less transparent and accessible to shareholders.

The ultimate grifter