Malmqky

Bought last week: More Valaris stock and warrants More Hershey Starter in Leons Starter in SWBI probably some other small adds I’m forgetting Sold last week: Sold half the Chinese basket, the IRR is good enough for me. Didn’t touch Tencent/Prosus though, those are longer term holds.

So DOGE could end up being glorified contractors/advisors to Trump? Seems like Elon, Vivek, and Trump is a too many cooks in the kitchen situation. Can't believe the egos will coexistent. There have to be some kind of opportunities here. Not sure what they are though besides the shitcoin.

Is DOGE even a thing? Doesn’t congress have to create a new department? Seems like Elon and Vivek are some LARPers atm?

Writing is good for the mind and soul. Reflection, Communication, etc. Keeps you sharp too. Maybe he wrote this letter in the time he would have been otherwise doing crosswords or meditating or golfing. But yeah, if he took away 50 research hours to write this..not great.

I remember! Reading my comment back, I think I came off wrong. I meant it’s hard for ME to see these in the moment. Not implying you/junior didn't catch this one.

Next time a great company is at a big discount let me know These things are tough to see in the moment.

Thanks for sharing. I hope you and your family are doing alright. A decade is a long time, but losing someone like that is a wound that never fully heals. Also thank you for sharing the info about HAT. This is precisely what I was envisioning. Interested in looking more into this. I have trouble believing legalizing heroin/fentanyl possession would dramatically increase use among the youth. In my opinion, drugs like these are used by individuals due to prior addiction, extreme mental health issues, extreme pain, etc. It's heavily stigmatized. Drugs like weed, coke, acid, etc? Well...we have enough data with weed in canada/parts of the usa being legalized. I was under the impression weed use was dropping among youths. Yes, I do not trust a government like mine/ours to get this right. But, I also don't trust them to continue the war on drugs/keep trying the same things.

Of course the black market wouldn’t be eliminated, but the international drug trade/organized crime portion would be destroyed/crippled. Addicts would just buy the cheaper, easier, cleaner, better and legal product. The goal is to make it so there’s no money to be made by manufacturing/reselling on a massive scale. Yes people would still resell in small quantities and stuff, I meant the government shouldn’t be selling to non-addicts. Impossible to buy from government (prescription needed maybe?). This is a fanciful thought that I don’t actually think is the complete answer, but worth discussing.

I almost think the US should just legalize the possession of all drugs. Then, sell them to addicts at low prices. Destroy the black market by offering an easier, cheaper, and better/safer quality product. The goal would be to tie this to treatment in someway, and make it impossible for someone who isn’t an addict to buy stuff like heroin. In a perfect world I think it’s actually viable if executed right. Unfortunately, execution is our governments weak point when it comes to this stuff.

This is why AI won’t replace software devs. Clients don’t know what they actually want. Gathering/translating requirements is the hardest part imo.

Most jobs could be eliminated / done in a few hours per week. EDIT: white collar jobs that is

I wildly speculate this is the case too.

MSGE

I agree MSGE looks attractive here, added a bit myself today. If one were to like SEA, MSGE should look twice as appetizing imo. ABNB certainly looks interesting as well...especially with a Trump presidency.

EVO, maybe Coupang later today..

EVO, CROX.

https://www.businesswire.com/news/home/20241025235193/en/The-New-York-Stock-Exchange-Plans-to-Extend-Weekday-Trading-on-its-NYSE-Arca-Equities-Exchange-to-22-Hours-a-Day Sign of the top imo.

Little EVO and more VAL/VAL warrants. Wanted to buy HAYPP inside my IRA as well, but fidelity won't let me. Maybe I'll buy some in the IBKR brokerage instead.

some more frph cuz I'd rather own that than cash, a smidge of google.

Sold the Fairfax shares I bought in August for a nice little gain. Back down to “only” a 20 some % position.

If someone is really doing SPY+30% over multiple decades/cycles… well I’d rather just give them my family’s money to manage vs cloning them. Who is it @Ver?

I don’t think a single 50 point cut is going to do much in terms of valuation. I know in the past 5% treasuries have been something WEB likes, seems like less than that and they aren’t attractive to him…

What would you have him do with the cash? Not too many elephants out there at the moment.

basket of Chinese e-commerce - JD, PDD, BABA, .05% position each. I figure I'll add if these continue to fall, would be comfortable making each a 1% position.

Have the recent batch of republicans even been better than democrats when it comes to spending? Seems to me like democrats like to tax and spend and republicans like to cut taxes and spend anyways these days..