Castanza

Collins vs Yellen https://www.supremecourt.gov/opinions/20pdf/19-422_k537.pdf "The Court says "it is not necessary for us to decide . . . whether the FHFA made the best, or even a particularly good, business decision when it adopted the third amendment. Instead, we conclude only that under the terms of the Recovery Act, the FHFA did not exceed its authority as a conservator, and therefore the anti-injunction clause bars the shareholders' statutory claim."

This is actually a pretty interesting business. Any companies you know that focus on this (not necessarily public)? As someone who spent a summer setting up gas powered lights and testing water at frac sites this seems likely a very profitable endeavor. Gas companies loved contracting out to independent third parties.

https://podcasts.apple.com/us/podcast/what-bitcoin-did/id1317356120?i=1000526017403 interview of the man who brought Bitcoin to El Salvador. Seems the primary function is for remittance of those who work in the states to send money back to their families. At least in the near term.

I don't think it's fair to use the BTC went from .01 to 33k argument when talking about adoption by countries. The only people who had this on their radar until 2017 were nerds in dorms and 4chan users. I mean, should govt be buying all these other sh1tcoins because they are cheap? USD is still the reserve currency backed by the US and it's military. China owns like 50% of BTC and the majority of the miners are there no? I don't see that as a positive even if it's a simplistic view. For the record, I am not against crypto and would probably buy some BTC for trading if the price came down substantially. To me it's history and present "antics" seem way to opaque and volatile to justify adoption by a large country.

Wow that's a pretty interesting development

El Salvador used USD....If everyone in El Salvador had BTC instead, they would have just lost 65% of their wealth. How can anyone argue that BTC in its current state can provide stability to a country?

Id be curious to know what the sentiment is of citizens in El Salvador for BTC. I mean, what reason do they have to trust their governments decision? I think you could argue BTC adoption starting in a risky country is more risky for BTC ecosystem. If this fails in El Salvador like all the other currencies then it would crush mass country adoption. Their goal imo is to hold on hoping someone bigger adopts (which is possible). I could see adoption in the US if the majority of people became invested in it. But that is more bottom up, and it still would require a binary decision by the govt. I think Sharper has the best view that govts will simply establish their own crypto.

You’re expecting the US and other G7 countries to adopt policy of a country that 99% of people probably couldn't even point out on a map? I think when people talk about “ANY” country and policy adoption at a high level, it’s generally assumed they mean influential countries. Again, I’m not trying to shit on El Salvador….but from a purely influential standpoint I’d call it a nothing burger. if someone “bigger” adopts it, then we can talk. But it (insert country) certainly isn’t going to be because El Salvador did. I still think it’s likely the government (US) takes action before their own currency is debased by Bitcoin.

Countries that are basically failed states

Added to BSM and RRC

Small starter position in RRC Management has been very disciplined with paying down debt. Target is to get to sub 2x by end of 2022. At this point they would consider dividend or stock repurchase. Projections show sub 1.5x by 2023. Management is focused on generating free cash flow They have the best assets in Appalachia and are also the most efficient operators. Continued efficiency growth is on the front burner. I believe in the call they said they got under 12k per linear foot and as a result are revisiting their best producing wells. they see tailwinds for propane and gas in Asia. Consolidations and acquisitions are only on the table if it checks multiple boxes. Efficiency, debt pay down or RFC generation. Q1 call had a lot of good questions.

Michael Kao had an interesting commentary recently. can’t remember if someone else already posted this on another thread.

Was looking for a better mobile experience and everyone and their brother was saying IBRK is the best figured I'd give it a shot.

Have been using IB for about 6 months now and absolutely hate it. All of the features feel "hidden" and the platform is always lags (I have GB internet). Stuff that should be blatantly obvious and in plain sight like margin exposure and maintenance seems to be "hidden" as well. Can't even get my watchlists to load half the time. And they are very clunky to update. Foreign stock exposure is nice but tbh I don't buy that many foreign stocks. Does anyone use ETrade? Or any other recommendations? Might just go back to Fidelity

Yeah that’s correct

So the Lamberth trial is delayed 45 days to see what SCOTUS rules? Are we expecting a ruling before 45 days? Or is this a minimum before another extension needs to be filed? edit Lamberth trial not Collins

BSM, VNOM, FLMN Made it a basket

What gold miners do you like?

It's interesting for sure, but how does one trade carbon credits? It seems unactionable as a retail investor.

You could opt for a 2x or 3x levered treasury

Anyone try any good wines lately? Looked for some suggestions for an upcoming party.

The one major Canadian city I haven’t been to Thanks for sharing, I figured it was something along those lines, but also assumed there were some policy differences between there and the states. Sounds pretty familiar

What's the primary driver of home prices in Canada? Every time I go up there is seems like there is so much room to build. Even just outside of the bigger cities the urban sprawl doesn't seem that terrible. I don't see the same geographical constraints that some cities like NYC have.

+1 BSM

I would say the moat of NOW is greater than Splunk. The difference is, one is a foundation for ticketing, event monitoring, external documentation db reference, team organization (think corporate teams, IT depts, engineering depts.), external tool building db reference. Where the other tool (Splunk) is more of a bolt on/ external tool. Both are sticky, but I think the Splunk segment is a bit less “rootable”. It will be interesting to see what companies like Palantir push out for corps.