Castanza

On what budget? Once this pandemic is over I wonder how much money any city/state in the US will have to do anything new and non-essential.

I cut about 15% off of my “accumulation pile” and added it to my cash pile. Rally does seem emotionally driven but either way there are some good companies trading at great multiples. Definitely certain sectors in staying away from but telecoms seem like a solid bet along with some banks.

Have you read the book The Economic Consequences of Debt-financed Peace? I would be surprised 'cause the book has been written but is still not published. A good synopsis https://mises.org/wire/economic-consequences-peace-100-years-later

Regarding microdroplets transmission in enclosed environments, the Chinese turned off all air circulation systems during the quarantine in buildings. Likely due to experiences with SARS. Do that during warm weather and your sure to end up with millions of dollars tied up in mold damage. My hometown built a new HS and to save costs they turned off the HVAC systems over the summer because the building wasn’t in use. Well when school came around they weren’t to happy to see their brand new building filled with mold costing hundreds of thousands of dollars to treat while also pretty much guaranteeing more issues down the line. Investment angle? Idk perhaps a lot of these commercial office space companies will likewise implement similar measures to cut costs unwillingly knowing what they’re doing.

Lmfao at some of you who don’t understand a metaphor and then simultaneously prove my point. “Shout him down!” Burry was a fucking genius to most of you leading up to 2008. Now because he has a differing opinion on a topic he’s a goddamn degenerate ;D I’m not sure what his GameStop investment has to do with his covid19 opinion. If that’s your logic then perhaps you should part with your beloved BRK.b because ol daddy WB messed up his airline play. Idk if he’s right or wrong. But he’s smart enough and respectable enough for me to listen to what he has to say and give it thought.

A form of what Dr Burry is suggesting is likely what we see as we move to the next stage in the battle. Is the church of “scientific consensus” going to change their view? Will the epidemiological popes allow Galileo to give his opinion or will he be burned at the stake for heresy? My guess is the latter...

Yeah, it's the federal government that is in charge of the CDC, HHS, DHS, FDA, the national stockpile, army corps of engineers, etc.. They're the ones who are supposed to protect the country from what's happening right now as a first line of defense, and then coordinate resources and do clear national messaging/planning during the crisis, as well as coordinate with international allies and suppliers. Why are taxpayers paying for all that if not for times like these? The failure of the federal government is what is leading to individual governors having to pick up the slack as best as they can. Meanwhile, the president's failed-developer son-in-law is running point on a pandemic... It's amazing that people can see the blatant failures of government in the current yet continue to advocate for more. All while the innovations and solutions come directly from private industry and people thinking on their feet. ;D FWIW: https://www.factcheck.org/2020/03/false-claim-about-cdcs-global-anti-pandemic-work/ "Those hypothetical cuts were avoided, however, because Congress later provided more funding for the CDC’s global health programs, the CDC told us in a statement. " “CDC did not have to cut back its work from 49 to 10 countries,” said Maureen Bartee, CDC’s associate director for Global Health Security, in a statement to FactCheck.org. “In the FY18-FY20 annual appropriations, CDC received base appropriations for global health security from Congress. This was used to continue the essential public health capacity development in the four core areas that was started in 2014 with the one-time supplemental funds.” "Those amounts went up again in fiscal year 2020, when the CDC was awarded $183 million for global public health protection, overall, and $125 million specifically for its global health security efforts. For fiscal year 2021, President Donald Trump has requested that CDC funding for global disease detection and other programs be increased further — to $225 million total, with $175 million going directly to global health security. With its current funding, Bartee said, the CDC is actually working in “more than 60 countries” — not 10 — to address the threat of global infectious diseases and outbreaks."

Perhaps after restructuring - have you looked at their balance sheet and cash flow statement? E-commerce is hard enough to begin with, let alone when you are trying to sell heavy, difficult to ship products at 20-25% gross margins. Also consider that a company that enjoys a negative working capital cycle when sales are expanding (and finances growth from that) will see that unwind, with declining sales causing a cash drain. Good point. That could come back to really bite all the SAAS darlings as well. Dig into their wonderful FCF generation and it's mostly D&A, stock compensation (which will likely decline either due to lower headcount, which kills the growth narratives, or employees demanding more comp in the form of cash), and upfront cash payments on multi-year contracts. In the furniture retail world, many brick-and-mortar stores have embraced the negative working capital model and now the negative aspects related to cash flow generation are starting to show. Isn't Wayfair the 'champion' of the negative working capital model? Won't slowing (or heaven forbid negative) growth mean losing even more money for a while? https://finbox.com/NYSE:W/explorer/nwc I see Wayfair as a company coming back to earth. What am I missing to explain the potential rebound? Edit: Apologies as I realize that the link submitted may require subscription. The graph in the link basically shows a pattern similar to what Dell accomplished at some point but in an exponential (negative) way. Dell was profitable though. All fair points, and I realize it's not a risk free name, but that's why it's even in the discussion, because if it was not down something like 85% we wouldn't be talking about it. On the other hand, I don't think it's unrealistic to think that if they can survive relatively unscathed and that this crisis impacts their competitors much more than them. Of course, I could be wrong on all of this. W up 42% today...

GOOG

https://www.factcheck.org/2020/03/false-claim-about-cdcs-global-anti-pandemic-work/

The market did come down the last few days, were you trading out prior to that? Essentially asking whether you are slowly accumulating or simply trading around the market volatility? For me I bought some WFC, T the last few days. Was planning on buying some more WFC today but was caught up and didn't have time. Hopefully further opportunity presents itself! I was trading in and out of GOOG and a few others but started to accumulate in the above positions today. Still have quite a bit of cash and continued cash flow that I’ll deploy if we keep going lower. Timing is too hard. Less stressful to just dca on good companies and think 20 years down the line.

Freeze your credit

The durability of this in this market has been unreal. What was your expiration date on these?

GOOG VZ T CTL RTX PCYO BAC

AER CTL

This is great and noble. And I got a laugh out of it because I picture the real Castanza doing this, which would be comical. ;D Dr. Art Vandelay

Overall doing well. I have taken a good thumping initially but have had enough cash to average down on a few long positions. I have also had some good luck trading a few equities and buying some puts to free up more cash. Trying to be patient from here as I was quick to jump back in initially. There seems to be a lack of activity on the "What Are You Buying?" thread lately so I'm guessing others are doing the same? Jobwise my wife is busy (healthcare). It's an odd situation because financially it's comforting to be in healthcare yet from the personal risk standpoint it's somewhat concerning. We are both young and healthy so lord willing if we happen to come down with it we should live to see another day. I have to say my wife is encouraging in this situation because she has the mentality of "I signed up to provide care and care I will provide through hell or high water." I do not condemn those in healthcare who take a leave of absence, quit or have some type of underlying condition or potentially pose a risk to loved ones. Also if they feel they aren't properly protected it's completely understandable! But my wife being young, also having no kids and only being exposed to each other is taking all of this in stride. On the side of this I actually got a call last night about the volunteer position at her hospital. I begin next week (at least training) and will work just a few days a week (evening shift) to help run errands, resupply carts, stock rooms, etc. Don't really know what to expect. I have to fill out daily reports on my health and the hospital will be taking my temp upon arrival of my shift. My guess (and my wifes) is that I will be running supplies from the hospital staging area to the tents they put up outside. It seems like they are trying to create a buffer zone between the hospital and covid central as best they can. This will be a good way to get out of the house and do something supportive of the real heroes out there. I've been pent up for a little over 4 weeks now and the only thing that placates my stir craziness currently is my daily 5 mile lunch break jog.

Yeah you should go spend your time posting more nonsense like this: "If patient is a male and rolls vagina = anus first then repeat test with same used swab in their own throat If patient is a female and rolls penis = anus first then repeat test with same used swab in their own throat." "Maybe I should borrow a petri dish from VIDO SK of corvo19 and redeplloy it on to Trumps wife's orifices and whils the supposedly Manchild Broods with little mama he may just perish ims a week or sol? Just saying cuz you Americans our Fuked you know dominoes fell dudes so step up maybe and grow a pair maybe Enough is Enough when little Canada can put him in his place and not his own residents geesh"

Please go seek help. But I meant to say "Roughneck" which admittedly has a much different connotation. But is widely used in the industry to describe the low men on the totem pole.

At my wife’s hospital, managements response to all of this has been complete nonsense. They told staff they aren’t allowed to wear masks unless they are in direct oversight of a patient with a confirmed case because it “scares” other patients. They also said you’re not allowed to wear your scrubs outside of the hospital because it could cause public panic. At least blame it on supply issues. This is one of the highest level hospitals on the east coast....people want to blame leadership all the way at the top (and they deserve a lot) but the leadership at “boots in the ground” levels have been abysmal as well.

Skilled worked shouldn’t be a problem. The article quoted by LC seems to say that "Skilled worked shouldn’t be a problem" is a myth. But what about all those people fired from factories in Midwest? IDK. Maybe they are not skilled enough? Maybe they are in a wrong place (labor geographic mobility is way lower than needed). Or all the O&G rubber necks

+1 If you need laptop only functionality and ergonomics etc. But... A dock and a pair of screens also makes a huge difference working from home. I'd rather have some $300 Walmart laptop with a dock and 2-3 screens than only a 15in + Macbook Pro to work from. I guess it depends what you'll be running but even for tedious document filling two screens is better. edit: I will add, there is no way I would buy a $2300 laptop for a temporary work from home situation. But that's just me.

Why do you have an obsession with me? Literally every comment I make you immediately respond. Half the time you say something either extremely cryptic or unreadable as if your in a drunken stupor. My guess is you think my opinion is far different than what it actually is.

The second doctor is a boob. He is making some very interesting logical errors. Firstly, he claims, without proof that covid-19 is widespread - at some points he conflates covid-19 with other strains of coronavirus, which he says represent 10-17% of common colds, and then uses that conflation to claim that covid-19 is probably as widespread as the common cold. Then he takes the unfounded leap that if covid-19 is so widespread, maybe we are mis-attributing mortality. Someone who dies and tests positive with covid-19, according to this guys faulty logic, may have died from something else. Musk made a similar dubious argument regarding the Italy death data on twitter, arguing since the dead often had other underlying conditions, maybe it was those conditions that resulted in their death and not covid-19. This line of reasoning lacks even the most basic understanding of pathology and causation. If an elderly person with heart disease, for example, died and tested positive for covid-19, the cause of death can be reasonably determined. Covid-19 infection serious enough to cause death presents with a severe ground-glass pattern pneumonia, decreased oxygenation, fever, increased white blood cell count (and a myriad of other objective measurements) that are NOT present in a cardiac death. To disingeniously claim that we can not tell the difference is so ignorant of the basic facts it would be laughable in any other circumstance. M. I’m not claiming the validity of eithers arguments. Simply saying it’s interesting to see differing opinions. Hence the (fwiw). What were your thoughts on the first?

FWIW: Differing opinions from doctors. https://m.facebook.com/story.php?story_fbid=793985471088619&id=100014315194592&_rdr https://m.facebook.com/story.php?story_fbid=793945707759262&id=100014315194592&_rdr