Cobus Bergsman

Charlie Munger: “The big money is not in the buying or selling, but in the waiting.” Yesterday, Howard Marks showed why during an interview at Wharton: “As I recall, I think Amazon was $90 in ‘99 on the tech bubble. And then when the bubble burst in 2000 or 2001, it was $6. So it went from $90 to $6. It was down 93%. So what if you were smart enough to buy it at $6? Would you have held it at $12? Or would you have said, well, I’ve doubled my money. I’m going to take some off the table. I’m going to take out my cost and let my profits ride. And let’s say you held it at $12. You’re tough. What about when it got to $60 and you’ve made 10X your money? Would you sell it? Most people would. What about when it got to $600 and you’ve made 100X your money? Would you sell half? Would you sell 3/4? Would you sell 90%? And at the time I wrote it, as I recall, Amazon was $3,300. So if you sold it at $600, when it was up 100X, you left, basically, 85% of the money on the table.” Peter Lynch put it this way: “Stand by your stocks as long as the fundamental story of the company hasn’t changed.” Most people use this line as a reminder when their stocks are down… But it also allows you to stay invested long enough to make 100X or more when your stocks are up.

@SamaHoole @grok is this good advice? My doctor tells me statins reduce inflammation and I should take it. Which advice is better? This post or my doctor’s?

Statins are safe and effective. Until you realise that: - The absolute risk reduction in primary prevention is about 1%. The "25-35%" figure is relative. 99 people out of 100 take it for life for nothing. - Roughly half of heart attack patients have normal or low LDL. If cholesterol were the driver, this number should be near zero. It never has been. - The whole framework rests on Ancel Keys picking seven countries out of twenty-two. France was excluded because France ate butter and refused to die on schedule. - Muscle pain affects 5-30% of users. The profession called it nocebo for twenty years. A 2020 meta-analysis finally admitted it was the drug. - Statins raise blood sugar enough that the FDA added a diabetes warning to the label in 2012. A drug to prevent heart disease, increasing your risk of the single largest cause of it. - The same 2012 label update added a warning for memory loss and confusion. Patients reporting brain fog had been told for two decades they were imagining it. - Statins deplete CoQ10, the molecule every mitochondrion needs to produce energy. The heart is the most mitochondria-dense tissue in the body. The profession's response was to not supplement it. - Rhabdomyolysis, elevated liver enzymes, cataracts, tendon rupture. Each described at launch as theoretical. Each now on the label. - The over-75s, the group most aggressively prescribed, are the group the trials mostly excluded. - PCSK9 inhibitors crashed LDL to levels never seen in nature and produced mortality benefits so small the trials had to be reanalysed to find them. Eight of the nine members on the 2004 American panel that expanded statin eligibility to tens of millions of new patients had financial ties to statin manufacturers. The guidelines were written by the people selling the drug. Safe and effective. Have a careful read of what that phrase has meant, historically.

If you are serious about options trading, this 1-hour Yale lecture is non-negotiable. 60 minutes lecture can teach you more about options trading than 99% of options trading courses. Save this and watch it without distractions. 📌

@GerberKawasaki Just make FSD transferable @elonmusk For everyone who bought it outright, ever

Not a good conference call for current tesla owners. Basically HW3 customers are screwed. They sold about 3 mil of these teslas and about 285k have FSD. So the liability is in the billions. $TSLA

@farzyness We don’t know which one of the two questions you asked he answered

I HEREBY RELINQUISH MY CROWN. STEERING WHEEL AND PEDALS ARE FOR LOSERS. ONLY AN IDIOT WOULD SAY CYBERCAB WOULD NEED A STEERING WHEEL AND PEDALS. I MEAN SERIOUSLY WHO WOULD EVER SAY SUCH A THING.

@larsmoravy @farzyness @elonmusk @robotaxi 🤦‍♂️

@farzyness @elonmusk @robotaxi No

Hey @elonmusk @larsmoravy @robotaxi could you please clarify if the 2,500 limit for AVs applies to Cybercab or not?

@TSLAFanMtl He’s got merger on his mind. Can’t be bothered running Tesla anymore

Elon being unusually cautious on some of the forward-looking statements tonight.

@nerdalert I’m worried that they’re not striking while the iron’s hot. It will be too late. Mercedes is getting close. Chinese almost there. Advertise now 🙏@elonmusk

I don’t understand how they can have this line in here while they still refuse to advertise! 😑

@stats_feed You never been to Europe? Cruisin see speed

Who’s ever driven over 100mph (160kmh)? Why?

ボディメイクのトレーナーさんがやってた肩に特化したラジオ体操。 これ最後までやると血流が良くなって即効性すごい…固まってた筋肉や肩甲骨がゴキゴキ動きだす。 簡単な動きなのに運動量エグくて背中痩せする理由もわかる↓

This 2-hour Stanford lecture breaks down how models like ChatGPT and Claude are actually built, clearer than what many people in top AI roles ever get exposed to. Save this and set aside two hours today. It might end up being the most valuable thing you learn all week.

@piloly Zero

How many $TSLA shares would you need to retire at 50?

Amazing summary of what went wrong in Germany

@thejefflutz @Polymarket @Chansoo Some other countries outside EU also use them as a guideline. Taiwan for example.

@Polymarket @Chansoo Netherlands regulatory approval will be adopted by 27 other EU members likely in the next few months. Basically other countries in Europe need not have their own regulatory or new test requirements is the key takeaway. This is a big deal

JUST IN: Netherlands approves Tesla’s Full Self-Driving, the first European country to do so.

@iam_smx @grok how’s Sam Altman in trouble now? And how’s the lawsuit with Elon going? Any news ?

Sam Altman should’ve taken Elon Musk’s $97.4 billion offer to buy OpenAI, because OpenAI is collapsing badly right now.

@business Why use the oldest possible car model in the picture?

Dutch regulators approved Tesla’s partially automated driving system, marketed as Full Self-Driving software, a move that could help open the door to a future approval in the European Union at large. bloomberg.com/news/articles/…

@DrJStrategy @grok what stocks should you have in your portfolio based on this post

Investors are sleepwalking into the biggest repricing of the modern era. When Trump says “WORLD’S MOST POWERFUL RESET,” he isn’t talking rhetoric, he’s signaling a shift in capital flows, risk premiums, energy policy, and global power structures that Wall Street has barely begun to price in. The playbook is about to be rewritten, and most portfolios aren’t ready.

@DrJStrategy @grok what reset?

@FrankLeeSG Marriage could also imply immense strength in a relationship. Also, should people have babies and let the infants decide who their parents are? 😂😂😂 Dye your hair purple

The traditional concept of "family" is one of the most evil ever created What is a family? In essence it's a random grouping of souls. Sometimes these souls like each other and get along, sometimes they don't. If you need to be married in order to have a relationship with another person, that says something about the (lack of) strength of that relationship. Similarly, if you need to be part of the same family as another person to have a bond with that person, that says something about the lack of desire for the existence of that bond. If you don't like your parents or family, consider that you're perfectly well within your right to choose who your parents and family are, if anyone. Furthermore, all a birth certificate provides evidence for is that as an infant two individuals brought you to a courthouse and had a birth certificate created in your name. Unless you've done a DNA test, there isn't any proof of who gave birth to you. And the only thing that most people can personally verify is having lived in the same house as others during their childhood. If you like those individuals and want to call them your parents/siblings/family and want to have connections with them, that's great! But if you don't like them and don't have to have any connections with them, you're also well within your right to do that!

@RandyWKirk1 I hope his wife beats the 💩 out him

Macron is a twat, inserting himself into the situation with absolutely nothing of value to add. Glory hog, and a stupid one at that.