Frothy Assets

@UpslopeCapital That implies a robust existence of fairly neutral/temperate funds. Seems like both bulls and bears have each doubled down since the conflict began.

Proper positioning would make most long/shorts care a whole lot less about whether he TACOs or not

@PythiaR @evrgn11112231 Your point is fair. I think Mark can be influenced somewhat, the extent can be argued.

@PythiaR @evrgn11112231 Incentivizes like this also create more executive risk taking/larger left tails for the stock since that is a huge jump in 5 years. I.e. hoping for a moonshot feature via even more CapEx

Worth ~$800m to Susan Li if she hits $3,727.12 in 5 years. I'd say she's reasonably incentivized $META

“Hełło sir yes I am łegitimate Czech businessman in needing of 120,000 military grade drones capabłe of fighting over the eastern płains of … of the Czech Repubłic of course.”

While golfing 60 rounds in 2025, found over 20,000 balls (no joke) with help of younger brother. Have been hawking for over a decade, started when I was 12. Barely worth the time now. Prices for used balls have barely budged while new balls keep getting more expensive. Huge pricing power given mostly price insensitive boomers. $60/dozen ProV1s now vs $45 ten years ago. Don’t bet against the boomers, huge recent asset price appreciation means big pricing power for Acushnet. (Not to mention Gen Z secular tailwinds for the sport.)

I think Acushnet Holdings outperforms other consumer cyclicals over the next decade. Golf is growing in popularity. K-shaped economy long, got a starter position today. Also, congrats to golf ball manufacturers who somehow convinced many 5-15 handicap players that they can’t play used balls…

@finphysnerd I think the ETF managers think they are fine because they note something like “not for long term holding” but it isn’t too dissimilar to handing out fentanyl and saying don’t take too much.

@frothyassets The worst one $BMNU has underperformed the daily returns of $BMNR by 80% annually (not even including volatility drag). The guys that make it should be locked up.

This is still the highest alpha post I've ever put out. The 2x leveraged ETFS arbitrages have been printing for me and helping smooth volatility in the portfolio. Thank you to the evil ETF companies who just keep bringing new ones to market for me to short.

@finphysnerd oh really, sheesh, that is really awful

@frothyassets No there's a difference. These funds have 30-70% embedded financing costs that aren't disclosed anywhere in the prospectus (you need to read the half yearly reports). I don't judge the guys offering 2x ETFS with reasonable finance costs, but these are a genuine scam.

We're calling them "technology" now?

@JonnyRoot_ Jon, grow up crybaby. Reaves is a quick-twitch/explosive + aggressive slasher, not typical traits for white players. If someone were to say that you have hops (or schlong size) like a black guy, that’s a big compliment. It is okay to notice differences between races.

LeBron says teammate Austin Reaves doesn’t “play like a white boy” 1. What does that even mean? 2. Imagine if a white guy said this about a black guy. Media would have a meltdown. 3. How does Steve Nash sit there & listen to this nonsense?

@SowingAlphaSeed Perhaps I am missing something with the graph, but it shows shorting shares generating a return greater than 100% ? (If adding to the short continually >100% is understandable.)

Short $VIXM is an interesting chart. Borrow is <1% now.

I don’t know why everyone is worried about the LNG market. Canada is HERE TO BACKFILL QATAR’S LOST VOLUMES. If we start today, and work all-out around the clock, in just a FEW SHORT YEARS Canada can confidently deliver a preliminary environmental impact assessment. After that it’ll just be a couple of hundred weeks before the indigenous consulting is complete after which the ascension to final decision by the federal environment minister can take place. When the federal agencies make their decisions, we can FINALLY BEGIN provincial permitting. This won’t take long, and once provincial permitting is complete we just have to execute a short 5 year ecosystem monitoring study. After that, when we submit final plans to the provincial government, we should be GOOD TO GO AHEAD AND BUILD a very comprehensive community information pamphlet for the mandatory 720 day public comment period. When the public comment period is complete, and the final investment decision is reached, it’ll be SHOVELS IN THE GROUND on the local fencing needed to secure the site for 2 years to give migratory species enough time to change their patterns. Once migration patterns are changed, and the final hazardous emissions diffusion studies are complete, the community is consulted, and all permits are obtained, CONSTRUCTION WILL BE UNDERWAY on the monitoring systems needed to ensure that no local Salmon population feel personally slighted by any new infrastructure. While this sounds like an arduous process, it’s TOTALLY necessary to ensure Canada remains carbon-competitive. Have no fear all those that may be unable to heat their homes in a few short weeks, Canada is here to deliver ENERGY SECURITY TO THE WORLD… unless it impacts the livelihood of one single snail, then you’re on your own kid.

@irbezek Good point. I think there is plenty of overlap between value investors and general knife catchers. There are some people who like to call themselves value investors, but they are mostly attracted to buying things down a lot (regardless of valuation fundamentals).

If $FICO at 40x GAAP earnings and 30x EBITDA is apparently a consensus "value" stock, it's time to retire the idea of value investing. It had a good run. And now it's done.

@tbpn @MartinShkreli Plenty of unknown risks, this should be most stressed. But the answer to “What is your upside to taking illegally manufactured retatrutide?” is pretty clearly the ability to retain/add muscle, unlike the skinny-fat physique majority get with Ozempic.

.@MartinShkreli says taking retatrutide is the "worst risk-reward decision you could possibly make": "The people that are taking peptides, and have these 'peptide stacks,' are mostly people in SF, maybe in NY. They're very wealthy people. They don't know what the rest of the world looks like." "Nobody else in Middle America is excited to do this. It's not normal to inject yourself with things. This isn't a thing everyone should be doing." "What is your upside to taking illegally manufactured retatrutide — you can't verify it, etc. — versus just taking Ozempic?"

Since middle of last year, after any market drawdown people are now expecting a TACO and are trying to front run it. The looming notion of a TACO keeps vol pretty constrained now vs before liberation day. YTD due to the looming TACO expectations, equities haven’t sold off huge (and not a single VIX close above 30).

I can’t be the only one noticing the seeming diminishing returns of a TACO

@P_Remarks There are zero bonus points for market martyrs, but your points still stand.

@EffMktHype I suppose a benefit of low birth rates is that the men have more money to buy stocks….if they had a family the money would go elsewhere.

*KOREA RETAIL TRADERS BUY RECORD 7T WON OF KOSPI STOCKS MONDAY

@EffMktHype They won’t hike this year, threatening/signaling a potential hike would do plenty to tighten financial conditions (if needed).

lol i cant wait to see Fed hiking and cutting in the same year

@rev_cap x.com/esaagar/status…