The CBR Show

More like Chris ASSit #orioles

@RiskHToIshqH @ryancohen So after 4/20? 👀

$GME - Did some research and realized there was a legal hurdle to announce the m&a until today. As @ryancohen bought GME shares on 20/21 Jan. There’s a 90 day cooling off rule that blocks the company making an announcement. That ends on 21st April. But, By filing the 10-K today, GameStop has officially updated the public on its $9 billion cash position, its new investment policy, and its risk factors. This "clears the slate," meaning the company is now legally "clean" to disclose new material information (like an M&A) because the market has been updated on the baseline financials. Standard corporate best practice is to allow two full trading days for market to absorb the annual report. So, the m&a news can get published anytime between now and 21st April. I still believe @ryancohen has already progressed on the deal else he won’t hype it like he did in the last interview. He never did that in last 5 years, why will he hype now. Let’s wait and hope for the best🙏 @michaeljburry , do you agree?

@NCAAPortal Roll Tide 

No chance Iran could beat Saban if he had 2 weeks to prepare

The Hollow Men American capitalism is rotting from the head down. We have replaced the "Owner-Operator"—the risk-taker-with a new, parasitic class of corporate bureaucrat: The Risk-Free Insider. By "Insider," I am not referring to a specific title. I am referring to the entire administrative state that has captured the modern corporation. This includes the Directors who exist solely to collect fees, the Executives who exist solely to collect bonuses, and the Managers who exist solely to hire consultants. These are the hollow men of the boardroom. They are masters of PowerPoint. They wear the right suits. They say the right buzzwords about "governance" and "ESG." But they are mercenaries fighting a war with someone else’s ammunition. In a functioning economy, authority is tied to liability. If you make a bad decision, you lose your own money. That fear of loss is the only thing that keeps a business honest. It forces you to cut waste, obsess over the customer, and stay late to fix what is broken. Today, we have severed that link. We have rigged the game so that heads, the Insider wins; tails, the shareholder loses. If the stock goes up, the Insider collects a massive performance bonus. If the stock crashes due to their own incompetence, they are fired with a "Golden Parachute" worth tens of millions. They are gambling with the house’s money, and they never leave the table poorer than they arrived. This looting starts in the boardroom. We have normalized a "Country Club" culture where directors are selected based on social profiling rather than their ability to build a business. The modern board member is often a professional tourist—paid an average of $350,000 a year. Let’s be brutally honest about what that number represents. The average director is paid nearly five times the GDP per capita of the United States. They earn more for attending four quarterly lunches than the vast majority of Americans earn in five years of hard labor. And for what? Most of these directors are "over-boarded," sitting on three or four boards simultaneously. They treat directorships as a gig economy for the elite. They fly in, rubber-stamp a compensation package they didn't read, and fly out. They collect checks from companies they do not understand, do not use, and certainly do not love. They are not there to ask hard questions. They are there to be collegial. They are there to protect the other Insiders. And what happens when these boards hire executives who also have no personal capital at risk? We get the Delegation Economy. When a Risk-Free Insider faces a crisis—bloated expenses, a broken supply chain, or a stale product—they do not roll up their sleeves. They hire a consultant. They pay a strategy firm millions of shareholder dollars to produce a 100-page deck telling them what they already know. This is not management. It is intellectual money laundering. They use shareholder capital to buy an insurance policy for their own careers. If the plan fails, they can blame the consultants. They delegate the work because they are terrified of the responsibility. They would rather preside over a slow, comfortable decline than risk a bold mistake. While American Insiders are busy optimizing their severance packages, our global competitors are optimizing their products. They are not slowed down by bureaucracy. They are not waiting for a slide deck. They are outworking us. If we continue to fill our C-suites with administrators instead of operators, we will lose our edge. We will see iconic American franchises hollowed out by fees, managed for the benefit of the Insiders, while the true owners—the shareholders—are left holding the bag. The time for polite governance is over. If we want to save the American economy from mediocrity, we must demand a return to the "Owner’s Mentality." We need leaders who treat shareholder capital with the same reverence they treat their own savings. The era of the Risk-Free Insider must end.

@ryancohen buy $snap Start a snap pay feature. This would crush payment apps used by the teens ….. #gme

This is surreal. We are honored to win 2nd place in X's Article competition. A special thank you to our followers on X for being part of The Kobeissi Letter and supporting us on this incredible platform. Thank you, X, for this award of a lifetime.

@DOMOCAPITAL @michaeljburry AGO

Looks like @michaeljburry came out with some $GME ideas. Interesting take (essentially suggests they could buy three separate companies). I am of the mind that $GME acquires one single (much larger) company and does it in a much more clever way than what Burry is suggesting. We'll certainly find out soon it seems...

@DOMOCAPITAL @ryancohen

$GME Update - @ryancohen buying a "FAR LARGER" company than itself....

Broncos by a million

Me as soon as the #VerizonOutage is fixed

HOLY SHIT DA BEARRRRSSS

@GamblerInChief @JennaHarner11 I guess not 😢

@CraftBeerReview @JennaHarner11 Is he really?

A priest just blessed the field with Holy Water

The Ravens playoff hopes

@luireigns Future generations will never understand the greatness of this moment

Stone Cold returning at Backlash 2000 and helping The Rock is still one of my favorite moments ever 😭

21 years ago Desmond called Penny. December 24, 2004. Christmas Eve.

Joe Flacco for Orioles manager

@JustinHerzig Musa Smith

football is back you know what to do name a forgotten RB to celebrate

There’s no spitting in football #Eagles #Cowboys