Price to Tangible Bruce

You've all read the value investing classics, but what about these? Link in usual place.

@boring_invest It's P/S and P/TB ratio vs it's own 10 and 20 year median. Not perfect because a quick way to gauge if a potential bargain

Someone gives you a ticker: What’s the 3 first things you check? With so many tickers being mentioned every day, I’m interested in learning how people apply different filters.

@Valuehunte I recently enjoyed Capitalism Inc. The history of American capitalism. Fascinating.

Looking for book recommendations, fiction, non-fiction, biography, investing, anything really.

Time to go long dollar then. Sorry, I don't make the rules.

@Larryjamieson_ I see what you did there.... I think.

Would you let an utility executive manage your money

@stoked_on_waves Not sure the additional time spent doom scrolling will add to quality of life though!

I think you could probably argue that self driving cars will be a bigger actuarial quality of life win than curing cancer

@MoS_Investing Winner

he is looking for something serious on twitter. now show him 12 of these memes in a row.

@ValuSeeker20 @HighyieldHarry I don't disagree. Not the part of market I fish in.

@Tangible_Bruce @HighyieldHarry One of these days, it won’t work anymore.

I like how Bill Ackman's whole thing now is just buying Mag 7 names that have traded off.

I am worried about the war, I am worried about an energy crisis, I am worried about market narrowness, I am worried about the Capex boom, I am worried about trillion-dollar IPOs, I am worried about central bank hiking, I am worried Berkshire holds 400bn, I am worried about meme-like activity. I am worried two non-investor friends sent me brokerage screenshots this morning. But I am not really that worried about my portfolio of cheap stocks with solid balance sheets.

I give you a multi decade figure as to why he's a good investor; you didn't like it. I give you his permanent era figure; you don't like it. I give you his "non activist era" figure, because that was your rebuttal; you don't like it. None of those are cherry-picking dates; you just have a problem with him, which is fine. I'm using data, you're being emotional. Have a good day, bud.

@Tangible_Bruce When people pick specific period to prove a point..🤦‍♂️🤦‍♂️

Hot take: 🔥🔥 Bill Ackman is a trader, not an investor, and not even a good one.. Why do people still consider him a superinvestor? 🤔

@DeepIceValue 28.4% gross annualised returns since 2018. Pretty good from 2022 too, albeit fairly pointless timeline to measure on.

@Tangible_Bruce As an activist not investor

@jupiters_string Altman Z-Score

@Tangible_Bruce Z score of what

Day 14 of 100 days of Net-Nets Nexteq #NXQ UK Market Cap: 36m NCAV ratio: 0.95 Cash: 19m Z-Score: 4.8 Debt/Equity: 3.5%

@iancassel Basically the tax you pay for buying mispriced assets instead of consensus stories

Winning normally looks like sitting on dead money for 1-2 years longer than you thought and then having the stock triple in a month. As long as the business is improving, being too early and being forced to wait a few more quarters is a curse in the short-term, but a blessing in the long-term. It forces you to form a deeper conviction in what you own.

Day 16 of 100 days of Net-Nets Cofidur (ALCOF) Market Cap: 11m NCAV ratio: 0.85 Current assets: 54m Z-Score: 2.3 Debt/Equity: 46%

@MikeFritzell Value for entry but technicals for exit (eg moving averages) to let winners run, is a very valid strategy

Value to protect the downside. Momentum to capture the upside.

@AsifSuria @BluthCapital I got 90% through writing this one up last week then the tender news hit. I'm just rewriting the draft a bit and plan to publish it in the coming days.

I remember looking at Expensify $EXFY again after this tweet by @BluthCapital and almost started a position but the penny stock part kept me away. The tender that was announced yesterday between $0.98 and $1.20 makes it even more interesting. I wrote about it briefly in July 2025 after the F1 movie came out. It is crazy that spent several hundred million dollars advertising in the movie and the enterprise value now is $15 million.

Isn't it a little odd that the market is incredibly efficient at making cheap things feel dangerous and expensive things feel safe.

From my limited understanding, Japan’s debt headline looks scarier than the reality. Most JGBs are domestically held, and backed by a central bank that can effectively stabilize funding conditions. Japan also remains the world’s largest net creditor: this is less a solvency crisis and more a liquidity shift.

Japan carries the world's highest debt-to-GDP ratio (~260%). As rates rise, the cost of servicing that debt becomes alarming, and investors are demanding a risk premium. Japan's bond market is the second largest in the world. And Japanese institutions (life insurers, pension funds) are among the largest holders of foreign bonds — if JGB yields become attractive enough, they repatriate capital by selling US Treasuries, European bonds, etc., pushing global yields higher. The yen carry trade (investors borrow cheaply in yen to buy higher-yielding assets) gets unwound, which can trigger sharp volatility in equities and EM assets It suggests the era of "Japan as the last bastion of ultra-loose policy" is definitively over.

@W98AB ii is the same too. I recommend using sharesight for tracking

AJ Bell one of the biggest brokers on the UK cannot tell you what your returns where over the last 12 months or any period.