GSP

Been in drawdown mode all autumn, always tough, especially when markets are doing well. With a 10 year track record one can start to put it into a different perspective. I crystalized some profits around peak which has reduced drawdown - 25% YTD

Im a sucker for Chuck Norris jokes, RIP to another legend. youtu.be/e3P0yVIyvEQ?si…

@mihaljevic @IggyOnInvesting what is the misunderstanding?

I've been long European natural gas via Kistos $KIST, thanks to the excellent writeups by @IggyOnInvesting. Great owner-operator, accretive acquisitions, pursuing niche (and smart!) strategy on the liabilities side. Still massively misunderstood IMHO.

@memyselfandi006 Edenred calling

Is there any sectot that is more contrarian than European Chemicals at the moment ? Asking for a friend ...

There are so many investing writers these days that it really hard to know what is worth paying for. Michael’s professional approach really stands out from the crowd and no wonder, he has been dedicating his life to this for many years now, highly recommend it

@Larryjamieson_ It was Covid, all huddled in-front of our screens as markets crashed, not a bot in sight, we were depressed for being locked down and the losses we made, yes, but we had each other and then the FED stepped in, market ripped, and nothing was ever the same again

2020 fintwit is gone and it's never coming back

@searching4value Always painful these ones

Missed out on a big run in $MBB.DE 🙈 searching4value.wordpress.com/2023/03/19/bou…

@MikeFritzell Yeah I think if you want out of the box great picture Sony is real good perhaps with other brands you might do to some own calibration. Anyhow all TVs are mad good now, I hesitate to pay up for the more advanced models as they are all good.

@GlobalStockPick Well the big difference between TVs are the panels. I think Sony gets its panels from LG, which are top-of-the-line. Then it's a question of the chipset (Sony uses the most high-end, cutting end chips). And calibration, which is where Sony really shines I think.

In the market for a new TV, the previous generation Sony TVs are sold at good discounts. Anyone with knowledge about the Bravia XR90 and XR50 vs other brands? Im reading that the reflection is pretty strong on the tv surface, anything else to consider? Mini Led vs OLED etc?

@MikeFritzell It seems like TCL is really taking over the TV business. One could question a bit why pay the premium for Sony, just buy a TCL?

@GlobalStockPick I love my Sony TV. It's an old one, and entry-level. But the menus are super snappy, and the panel produces realistic images. Samsung TVs are often too colourful to be realistic. OLED better but it's also a cost issue. Worth the extra $1k+? Btw Sony TVs just sold to TCL.

@stckpkr 🔥

ni röstade, jag knapprade (speciellt bra är den dock inte för det är ju omöjligt ha TID så ni får skylla er själva om ni köper den - om och när skiten kommer ut)

@Vastkusttradern Häftigt, visar vilket slit det kan vara innan det lossnar, hoppas detta är islossningen!

Otrolig milstolpe efter drygt 15 år som bolag! Riktigt stort för oss och alla inblandade! mfn.se/a/flexqube/fle… $FLEXQ #flexqube

@FredrikHjelm4 Macau is a bit dissapointing if you benchmark it to Vegas, much less fun and much more serious gambling. Hotels are nice though.. Would go across to Shenzhen instead to see "the future"

@GlobalStockPick Nice, i’ll go in a couple months..might detour to macau as well to check it out

Sweden: we are a high-tax socialist country, everyone contributes, we take care of each other The income tax story is real. Starts at 30%, hits 55% at the top, add employer social fees at 31.4% and you're north of 65% fully loaded on senior salaries Also Sweden: >inheritance tax abolished 2004 >gift tax abolished 2004 >wealth tax abolished 2007 >property tax capped at $900/year regardless of what your home is worth >no tax on unrealized gains >borrow against your holdco personally and live on the loan tax free >capital gains at 20-30%, only when you actually take money out >ISK accounts (think Roth IRA but works for unlisted assets too, no capital gains tax on the inside) I spent years believing the story. Running a company and making some money changed it The big families didn't build dynasties despite the tax system. They built it, across Social Democrat and centre-right governments alike, because the rules never changed when the party did I ran the California comparison. Top income is similar pain, roughly 50% combined. But California taxes capital gains as ordinary income, around 37% combined. Federal estate tax hits 40% above $14M. Sweden is more capital-friendly than California in almost every category that matters for building generational wealth The story Sweden tells about itself is not the real story. It punishes labor and protects capital, same as everywhere else. Just with better parental leave so nobody complains Look, the low capital taxes are actually good policy. Abolishing inheritance tax brought capital back and the data supports it. But the gap between how labor and capital get taxed is hard to justify on fairness grounds. A flatter, more harmonized rate between the two would be simpler and more honest It would also save the country billions of hours in admin overhead, for individuals navigating the rules and for the civil services enforcing them Why not just do a flat level across? Seems easier

@marketplunger1 great call

So far so good. 👀👀👀

@Alpaca_Capital @FredrikHjelm4 Maclehose Stage 2 most beautiful hike, you can take speedboat back to Sai Kung. Beautiful swim at the beaches in the picture, bring plenty of suncreen will be real hot in Mid-May.

@GlobalStockPick @FredrikHjelm4 Will be there for a few days on holiday in mid-May if you have suggestions or recommendations for places to check out, hikes, etc.

@FredrikHjelm4 Well nothing crazy, still just a salary man. Hong Kong got a bad rep during the 2019 protests and even more so after Ukraine invasion. I still love it, it an amazing vibrant city with hiking, beaches great weather. Its expensive, but super safe and quality of life is amazing.

@GlobalStockPick Nice, well done in life it sounds like! How is HK to live in?

@tracyalloway @Jesse_Livermore That was indeed one of the weirdest times in my 20 years of investing. We were scrambling for toilet paper and markets were flat. What an opportunity to sell or go short and I did basically nothing..

I was in Hong Kong in Feb 2020 and remember this being a very weird time. Investors had been worrying about the US-China trade war under Trump 1.0. Then China effectively shut down most of its economy and markets basically shrugged. Similar vibes right now

@MBrooks87621 Its a tough market for sure to find forever holds that just keep compounding capital. Tencent has done it, would say AIA decent also among large caps, more examples among smaller companies, Techtronic etc

@GlobalStockPick I find it puzzling. They have hot money IPO's but the good companies don't really seem to compound much value. They go on a yolo every five years, but I honestly have never made any money in Chinese equities -ever.

Very interesting, I hold a position in $DIDIY in the anticipation that they would list in Hong Kong, this probably delays it, anyone with deeper insights on this topic?

@MBrooks87621 Indeed this throws some cold water on that thesis, some moderation for HKs IPO market is not all bad though, its pretty crazy..

@GlobalStockPick I thought the narrative was Hong Kong is back? Beijing always has the hand on the scale.

@phil_hk I was too quick to jump into it, I think its better to wait for a bottom and that it starts to trend upwards again, that could be now but it could be visiting 70-80 before it does that, which would be an amazing entry

@GlobalStockPick Definitely interesting but haven’t bought yet. Maybe use some divvies from others to allocate to it. Did you buy?

Vice allocation - Nicotine/Tobacco $BTI $BATS.L, Alcohol $DEO $DGE.L $RI.PA, Gambling $EVO.ST $EVVTY $EVO $FLUT.