Daniel Gladiš

Initial sales exceeded expectations and stocks of the book sold out quickly. A reprint has now been made, so you should be able to place your order in time for Christmas. shorturl.at/qfW7k

@janhajekcfa ...of fraud

we are in the golden age… 😅

@AGebrian 💪💪💪

Absolutní nádhera! Neskutečný machr!

@AGebrian V přípravě pro to dělal fakt hodně. Bohužel ten poslední kopec je moc krátký a mírný na to, aby si udělal náskok před tou rovinou do cíle. Ale moc bych mu to přál.

Dneska bych hodně přál vítězství Tadeji Pogačarovi v prvním monumentu sezóny Milan-San Remo. Bude to mít proti MvdP zatraceně těžké, ale pokud to může někdo dokázat, bude to on. Pokud se mu to podaří, poskočí v tabulce vyhraných monumentů na dělené 2. místo. První je Eddy Merckx.

@Simesshop Mezi Prime Brokers se dost mluví o tom, že Jefferies má velkou expozici v private credit. Někteří jim už zpřísňují risk limity.

Jefferies se chystají prodat pytel 💩. Pročítám si emisní prospekt k novému CLO od $JEF .. Nejen, že mají téměř 15% expozici na software, ale ještě k tomu už v momentě emise má 80% portfolia rating B negativní a dalších Cca 10% portfolia má rating CCC negativní. Ale celkově má A1 tranše rating AAA. 👍🏻😂 Hodně štěstí. Splatnost je nejvyšší ve 2032 a spuštěno by to mělo být někdy v dubnu. O Jefferies jsem psal na mém substacku, takže pokud ještě nesleduješ, odkaz je v BIU :)

Every March, I have the Value Spain investment conference marked on my calendar. I really enjoyed it yesterday - just as I have in all previous years. The day before, I also had the opportunity to give a talk and discuss my book *Hidden Investment Treasures* with members of the CFA Madrid chapter. It was a very pleasant evening. Madrid is wonderful, and so are the people there. @CFASpain

@robertvlach Gratuluji a držím palce do příštích měsíců, kdy tě čeká zdánlivě nekonečná a nezáživná editace. 😀👏👏👏

Las Palmas de Gran Canaria, 19:00 hod. Po 3 letech přípravy a roce psaní jsem předal vydavateli hotový rukopis mé nové knihy „Na vysoké noze“ o finančním sebeřízení a osobních financích. Teď je u editora, oponentů a 20 betačtenářů na připomínkování. Když všechno půjde dobře, vyjde v říjnu v Melvilu. 🇪🇺 Las Palmas de Gran Canaria, 7:00 p.m. After three years of research and a year of writing, I handed over the finished manuscript of my new book about personal finance and financial self-management. It is now with the editor, peer reviewers, and 20 beta readers for feedback. If all goes well, it will be published in October (in Czech, for now).

@ZuzanazReckovic Ano. Na rohu náměstí a Bognergasse.

@danielgladis to je to jak je vyloženě součástí Park Hyatt? Díky za tip.

Byly jsme (s dcerou a kamarádkou) v mé milované Vídni v kavárně Demel. Vzala jsem si nějaké sladké pečivo sebou a zastavila mě paní, obsluha kavárny, že si všimla, že to mám zespodu moc tmavé a že to takhle nejde. Šly jsme, vybrala světlejší a říká, že teď je to v pořádku. :)

@ZuzanazReckovic Zkuste někdy Cafe Am Hof

Ten Apfelstrudel to die for

@memento_money I don't know. I stopped following them closely several years ago. I felt then that their business is worsening.

@danielgladis What about the $CACC ? They might face the same flaws, dont they ?

$GSY.TO disclosed a much larger-than-expected credit hit at LendCare, including an incremental Q4 charge-off of about C$178m, a related C$55m write-down of interest/fees, and total Q4 net charge-offs of about C$331m. Worse, management now expects 2026 charge-offs in the mid-teens, withdrew guidance, flagged prior credit-metric reporting issues, and said covenant breaches are possible without lender accommodations. When a subprime lender loses both earnings power and investor trust at the same time, the stock gets repriced violently. I have been following this company for many years, and its financial statements have always been full of question marks (in the past) and red flags (more recently). This only confirms my assumption that only a tiny fraction of investors pay attention to the numbers. In the case of Goeasy, however, I am struck by the fact that several big names have also invested in it.

Given the potential private credit crunch, does anyone still consider Berkshire's nearly $400 billion in cash to be a "problem"? $BRK

@pansvarc Děkuji!

@danielgladis Velká gratulace.

I have been coming here for years. Dreaming of a podium, but never made it. Finally, totally unexpectedly, I managed to win 20 km race today. Biela stopa is the biggest race in Slovakia with a long tradition and I feel super happy! 😀

@Floebertus A lot.

How many people do you know that are focused on investing? Not doing internal meetings to build a career, not driving sales, not building a Firm, not making a media product... Actually spending the majority of their time on understanding companies ?

@Marek7Tomi @TamauPogi Good that Seixas is so good. That will make it more int.

@danielgladis @TamauPogi True. Actually we can also say, that others can do more to beat him. Just make alliances between other teams and attack UAE left and right from the start.

I can't wait for Pogi to show us his 2026 level for the first time tomorrow! @TamauPogi

@Marek7Tomi @TamauPogi I see it differently. We are lucky to witness one of all time greatest athletes performing at his peak.

@danielgladis @TamauPogi He is legend, but races including him are a bit boring. Like movie when you know how it ends.

What are oil futures telling us about the Iran war? The curve has moved into steep backwardation: near-term oil is much more expensive than longer-dated contracts. That tells us three things the market believes: There is real short-term disruption risk (shipping, logistics, Hormuz). A geopolitical premium of roughly $7–$15/bbl is currently priced in. The market does not expect a permanent loss of Middle East supply. Notice something important: Long-dated oil prices barely moved. In other words, traders expect temporary tension, not structural damage to global oil supply. Market message: Crisis in the prompt barrel, normalization in the long barrel. Let us see if the market gets it right or wrong.

@JK_Trader23 Let us not forget spring and autumn! 😀

@danielgladis Summer mountains are great as well ;)

I love mountains in winter. 😍

It seems that Greg Abel and Warren Buffett shared the same opinion, and on the same day, for the first time since 2024, Berkshire began buying back its own shares, while Greg Abel himself purchased shares worth $15 million. $BRK