benchmark

Totally, Gurley is awesome, Gerstner just tries to sound intelligent.

I think that it still have some runway when the rate is finally cut...

Yes. I think we have found a good repeater/AI. No matter what new jobs get created, the repeater/AI will be the main worker in these new jobs. Thus the need for regular/average human will be greatly reduced unfortunately.

Thanks Prasad. Is that too packed for 10 days? Did you mostly travel by plane or train?

I need to go to Bangalore for business, but wants to spend around 10 days after to explore the country. Which area is too hot to visit during that time?

Going to India in late March to April for 10 days for the first time, any recommendation? Thanks.

Did you mean to something like buying Jan 25 45 puts, for example?

Merry Christmas and have a great new year. Really appreciate everyone's contribution to this great forum.

when do you expect that CPRI deal to close?

ah, ok

when did this happen?

Interesting to see that Credit Suisse and Charles Schwab at the top, and USB, PNC at the bottom.

This makes sense. From the owner's earning perspective, isn't SBC always bad? i.e., you now have more dilution. In this case, they have close to 4% dilution from a year ago.

Thanks @gfp So how should one treat SBC from the 'owner's earning perspective?

Thanks @Dinar @gfp On page 21, they've accounted for SBC in cogs and expenses, and it showed that they have $54 million (loss). But since SBC are 'funny money', they've added it back to cashflow to demonstrate the 'true' earning power (cash flow). Do I get this right? even if this is standard, but it's somewhat deceiving.