Sweet

Yes and it’s a huge problem. But if there is another way to get exposure without them in it I’m all ears.

Unfortunately - this I think the tech companies with really long runways aren’t Apple, Google, Meta etc. and it’s just about impossible to predict the next ones.

This should probably go into the cannibals thread but what the heck: Too performers by share price appreciation in 10 years No 1 - Murphy USA No 2 - Avis No 3 - Dillards No 4 - RH No 5 - Autonation No 6 - Allison transmission No 7 - Voya financial No 8 - eBay No 9 - Jack in a box No 10 - DaVita Only the top few outperforming the SP-500 sadly.

I wonder why they fired him? It can’t have been without reason. One Twitter poster showed a clip of him telling congress he had no equity in OpenAI, then it linked a tweet of him saying he had shares - doubt this is what him fired but he potentially lied to Congress.

https://www.nature.com/scitable/topicpage/discovery-of-dna-structure-and-function-watson-397/

It’s going to be a lot harder to apply CRISPR to other types of tissue type. With blood you can wipe out the entire bone marrow and slowly replace it. It’s going to be difficult to do this at whole body level. Great technology but long road ahead.

Yes - notional

Market value of the position is 1.6 billion I believe. Another one of Burry’s brilliant macro calls.

Interesting method for whale watchers in biotech: https://whalewisdomalpha.com/baker-brothers-holdings-13f-replication-strategy/index.html

The end of work would be a disaster for society. Life would be so god dam boring too.

IMO - it’s not. I anticipate a sideways grind for a while longer. If rates stay at close to 5% stocks need to be yielding more than a 5% earnings yield. Forward looking PE for the SP-500 is now 18, so we are getting there.

This sounds so bad lol

But Dalio objected: And so McDowell “assigned an underling to go into the software and program a new rule”1: The book is full of stuff like this: Dalio would call a big meeting, some underling would say something to the effect of “buddy this is a cult and the Principles are nonsense,” Dalio would turn to other underlings and say “do you agree,” the other underlings would say “oh no boss definitely not” in unison, and the objector would get shamed and fired. (One of these stories is excerpted in New York magazine today. And Vanity Fair has an excerpt about some of Bridgewater’s show trials, conducted by James Comey.) A system of radical transparency in the service of making the boss feel good. Copeland also reports that this applied to investing decisions. From an excerpt that ran in the New York Times this weekend: No idea if any of this is true, wouldn’t surprise me, but I do think he is full of shit.

Yeh wonder why they aren’t there? Perhaps because they are conglomerates, or known as investment companies.

Will have to go through some of these names: Many I don’t recognise

I think there is going to be a decent opportunity here at some point, and I would like to own some REITs, just don’t understand the area well enough yet to make an informed decision.

Thread on some interesting REITs

Lol, payback.

That’s a major problem for shareholders.

https://www.eia.gov/petroleum/production/ New highs from the cowboys. They never learn.

Crazy moves today in many of the regional and even big bank names. Bill Gross thinks this is the bottom - not sure on that but would be nice to see it.

Dam, some of those ITM calls have 1 dollar premiums.

China were pegging their currency and making their economy more competitive. China is a bit stuck in some respects, Western countries have become more suspicious and Western companies are finding it is easier and cheaper to make their goods elsewhere. China wants to try and be more self reliant and consumer based which requires a stronger currency.

To quote a US general on this, referring to US equipment being the best in the world, but Chinese are building their kit rapidly - “quantity is a quality of its own”. Having advanced technology is important but you also need the ability to pump out military equipment at a vast rate. Even if is lower technology, quantity is important.