Sweet

Are you OK Blake? You seem to be imagining a different conversation than the one we just had. Check above for reference.

I know you don’t, but you are reciting some of their mantra. Mantra which is just false.

That is not wealth hoarding. And even if billionaires are hoarding wealth it makes no difference since wealth is created. This idea that the rich are preventing everyone else from getting rich is economically wrong socialist garbage.

You’re on an investing forum and you don’t seem to know a basic economic fact. Wealth is created, not hoarded.

I mean, how many times has Trump been called a threat to democracy, dictator, hitler etc. How does that rhetoric not fuel assassinations?

Yes, the pattern stuff, there is a slight predictive edge in some patterns but it is very small - like 52% more likely in one direction. It’s not useless but it’s practically useless in my view. I’m similar to Spek. Whilst I don’t look at the chart first it’s certainly something I pay a lot of attention to for the reasons mentioned earlier. I also still look at 52 week highs and lows but I’ve never really looked at volume - maybe I should. I saw a post on Twitter recently which basically amounted to - that nearly all public companies are just terrible and not worth investing in. And when you go through the list of really great companies there are about 100-200 globally. The more I do this the more I really feel that’s true, and it’s just about buying them and decent pricing and AFKing.

If the chart keeps rising on a very long term view - 10 years. Charts like MA, Autozone, NVR, Costco. When charts look like that something about that business is working. Each of them have a slightly different story about why they are killing it, the chart doesn’t tell you want, but it tells you there is something. Terrible charts I don’t think they need any introduction. Look at most biotechs or O&G shit cos. Charts that make you pause and think, ‘well this company’s value looks attractive but maybe there is something I don’t understand because of that terrible chart’ - GM, F, INTC, OXY. Charts where the stocks have been historically awesome but have had big drawdowns which are understandable - AMZN, GOOG, Meta (during covid), banks, insurances (during GFA) etc. Looking at a chart is like a gut check. If I find a great company and the chart is long term terrible / flat - it means I’m probably wrong about the company. There are exceptions of course.

I look at all the charts of something I buy, I think it’s hugely under rated, but I don’t do technical analysis at all. For example, if you think you’ve found a great company, and the chart looks great, chances the stock will be a winner. If you find a company that looks interesting, say an undervalued play, and you look at the chart and it’s flat or down for many years, very often there is something wrong. There are times when the chart is just wrong, Meta, Amazon, recently. So it has its limitations for sure too.

You have to laugh, war with Iran is the oil traders wet dream and XOP is up 1.4% on the day.

just because life is more complex than yes or no. btw - not saying I agree with him, imo he should be saying yes, but if your view is ‘yes in these circumstances’ or ‘no in these circumstances’ then its hard to articulate that when the guy is demanding yes or no.

The ‘yes or no’ line of questioning is sorta bullshit, but he was being evasive too.

Bit of a leap.

This is quality

But pupil, ICE are implementing the law. LA is a sanctuary city and are not cooperating with federal government to administer the law.

Nah, this is not how this work. In the UK, London churns out much of the UK GDP contribution and there is a large net fiscal transfer to the rest of the country. It’s a huge population centre where all the big businesses go, and they have all sorts of tax breaks and incentives. But it derives its GDP from being the capital of the UK, chop off the rest of the UK and London doesn’t work they way it currently does. Same with many of the places you listed. How does the GDP of California and Washington and Texas work if they had trade barriers erected with the rest of the states? And let’s not take an ‘all California is a mess’ maximalist interpretation of the critiques. Most places are obviously fine, but there are be places which are hell on earth - like skid row.

None of those has to do with applying the law. It’s a different topic. I’m more than happy to agree Trump is arse but that’s a different matter.

Remember not controlling the border? Remember Biden pardoning his son? Remember the weaponisation of the legal system against Trump? The right didn’t start this.

It’s more than just politics and image. They are actively preventing the enforcement of the law.

This, unfortunately. If the shoe was on the other foot there would be no care at all for the Jews. And probably much less international outrage too.

In this case Spek they read it right. This part of the ‘Prevent programme’. It’s anti-radicalisation government scheme were anyone can report another person. However, the problem is that people can be referred to on the basis of held beliefs. The issue with this is that you might get your name logged by the police and put on the safeguarding database, and employers doing background checks might have a red flag raised against your name for having the wrong view. I don’t think there have been too many cases where this has actually happened, but it is being challenged by the ‘Free Speech Union’ because it “skews away from suspicion by conduct to the mere possession of beliefs that are perfectly legitimate but regarded by Prevent policy wonks as problematic”. Which follows in a long line of free speech issues in the UK.

Cultural or ethno-nationalism is now a terrorist ideology. So if you think European culture is being eroded by mass immigration that’s a terrorist ideology. And if you think European should be for Europeans, terrorist ideology.

This has to be fake - right? Lol

People are too online these days (me too). Both guys are tools. I don’t even find it entertaining.

Always been that way since I’ve been observing or participating in owning shares in this industry - which is 10 ish years now. It’s always the same crap, producers have found religion, rigs are down, US growth over etc etc. I think production is up 1.5 million bpd since I sold out my last shares. I haven’t checked in on Eric Nuttall or HFIResearch in a year or two, but I bet they are repeating the same bs talking points. With exception of a handful of companies, most of the O&G plays are run for the benefit of the board or the founders, not the shareholders. You’re out of you mind buying this industry unless it’s in the depths of a serious recession and everything is down 60%+. Just a horrible area to invest.

Let’s be honest Blake. There will always be terrorism against Israel by the Palestinians. It’s why Israelis right now don’t give a crap.