@MebFaber I estimate that by 2029 or so, the S&P 500 will have reverted back to the days of Assessable Stock #TechnicalAnalysis
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alfromaus
6K posts
The S&P 500 dividend yield just hit an all-time low of 1.08%, going back to the 1800s. The prior low was 1.1% in 2000.
There are now "dividend" mutual funds with negative yields (their expense ratios are higher than their dividend yields).
Stock buybacks have exceeded dividends since the late 1990s.
And yet, nearly all stock funds still focus solely on dividends, which is crazy. (And it's not just about the buybacks, but also the share issuance!) Buffett's been talking about this more than anyone for decades...
We wrote a book on the topic 13 years ago, and the 2nd edition is free online.
As you tune into the Berkshire meeting, and gasp at the $400 billion in cash on their balance sheet, understand why they consistently choose buybacks over dividends...
mebfaber.com/books/
Chart: Multpl
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Wonder if anyone had written a history of “common-sense” political movements in Australia that try to break the labor/anti-labor system? Afaik the first was the All For Australia league. Wouldn’t count Teals as they are a lobby but Rennick and this bs probably fit.
Skull@ThreetothePower
Charlotte Mortlock is recreating Tealism from first principles.
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@H_Fletcher49 Fresh Cod everyday is a pretty big indicator as well
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are you ok babe you barely touched your based fish and chips
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My other favorite example was the Australian civil service’s experiment with sex-blind promotions, which ended up promoting fewer women because they had been receiving a slight, likely inadvertent, leg up before.
Wilfred Reilly@wil_da_beast630
This is one of the all-time funniest stories. As it turns out, true-blind selection makes most fields - from music to nursing - LESS diverse in gender and sometimes race terms. So, we don't do it anymore.
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@hogsbreathvip82 Hard one to solve given the efficiency of modern agriculture and food's wide consumption, though: less than 1% of the pop. are harvest workers and want higher wages, the other 99% want cheaper food.
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Heard an ABC interview recently with a dairy farmer who complained that because of “challenging economic conditions” had to rely on imported filipinos but also dairy farming was a “great way to build wealth”.
Large farmers always fought for more migration to keep wages down.
Craig Emerson@DrCraigEmerson
One Nation is hostile to immigration. Tell that to the people of Griffith and Leeton who rely on immigrants. They celebrate each other’s special days together. Multiculturalism at its best.
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@owenbroadcast @gingertophat Did the illustrator ever do a version of "The Origin and Behavior of Mutable Loci in Maize" for kids?
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@gingertophat no. the artist has some legit stuff, i read a few of her books here (danielle, adele and simon)
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a guy sent me a kids book based on a yiddish tale: a grandfather has a coat, when its worn out he sews it into a vest, when thats worn out he sews it into a tie, then a handkerchief, and so on, and i was like: wow this is kind of beautiful but also its really almost a jewish joke
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@Discoplomacy And on that stake
there was a holder
and on that holder
there was a plan
and on that plan
there was a framework
and on that framework waaass a staaaake...
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WTI crude 72% y-o-y vs XLE (energy equities) 47% y-o-y.
* Rising ratio = oil outperforming energy stocks
* Falling ratio = energy stocks outperforming oil
The WTI/XLE ratio turning up is the signal. It suggests a shift from energy as mature, low growth, cash-returning industry to a scarce resource in tightening, commodity constrained system.
This setup tends to coincide with:
* Tight real economy
* Industrial demand > expectations
* Inflation persistence
👉 Which supports our broader thesis:
* Cyclicals > defensives
* Small/mid > mega-cap growth
* Cash flow businesses > duration assets
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@_TheGMan @CptHastings1916 The moment when you come to terms with the fact that you *did* say Free The Mandem.
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@CptHastings1916 Just involuntarily drinking skimmed milk on the week the clocks go forward may be enough.
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A lot of British politics, across the spectrum, can be classified as “Reactionary for the Very Recent Past”, ie wanting to revive the political climate of one of:
• June 2020
• July 2012
• June 2007
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@lowlandsapien I was surprised this story didn't get more traction last year: ethnic patrols now operate in Sydney because of crime concerns.
https://
abc.net.au/news/2025-05-2
8/chinese-australians-demand-tougher-youth-crime-laws/105342534
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Your adult life is basically spent interacting with the same three people over and over again in very slightly different guises each time and I have absolutely no idea why
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@Peter88902568 Don't cut him off, he said "I think Accidentally Kelly Street needs to make a comeback. Takes me back to the early 90s."
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@VeryLargeShips The transients detected by VASCO. Look up Beatriz Villarroel.
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Tens of thousands of reflective objects in geosynchronous and supersynchronous orbits showing up in astronomical survey data acquired years before Sputnik was launched, which make themselves scarce during geomagnetic storms, and show a particular affinity for nuclear tests.
BD@BrianDoher37387
We trained an ML classifier on 107,875 transients from 1949-1957 Palomar plates to filter out plate defects. Turns out the real ones avoid Earth’s shadow/clusters around nuclear tests. Either something reflective was in Earth orbit a decade before Sputnik, or dust on a glass plate has really strong opinions about nuclear weapons. arxiv.org/abs/2604.18799 @DrBeaVillarroel @esaagar @AlchemyAmerican @joerogan #VASCO #science #astro
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@HariSel57511397 @KeinUnsinn Do you have the time/energy to become a catechist and help others with your knowledge?
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@KeinUnsinn I’m familiar enough with Scripture that pretty much all cursory study is useless to me
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I’m at a point in my faith life where platitudes, even from homilies, feel completely empty. I seek something real but have yet to find it in personal prayer or the Sacraments. This isn’t a cry for help or a drama post. I’m never converting to another religion, so don’t bother in the replies. I’m fine.
The reason I’m posting this is because I literally have no other avenues to ask for advice on this on this conundrum.
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@haravayin_hogh Thought: give back the land with a veil on it and then reveal that it's not the land they wanted and they'll have to wait another 6 years?
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Loophole used by Israel to void a religious prohibition on agriculture on Jewish land for 1 year out of every 7. Israeli minister sells all land to a goy for a trivial sum. Non-Zionist Rabbis object such sales are a sin, the response this doesn't apply to ficticious transactions.
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@hogsbreathvip82 BREAKING: Giridharan Sivaraman, Race Discrimination Commissioner announces "Racism has now reached acceptably low levels: stop paying me $400,00 + speaking fees and treating me like an important public intellectual."
GIF
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“Your thoughts are your own”
Rhys Muldoon@rhysam
Booing at ANZAC Day, in the dark. It doesn’t get much lower than that. The entire point of ANZAC Day (essentially our national day) is to be quiet and reflect. Your thoughts are your own. Destroying that silence is pathetically selfish. Silence is fragile and powerful.
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