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@calvinfroedge
You can't pay me to say what you want or not say what you don't want.
I strive to say what needs to be said and sometimes settle for saying what I want.
Joined October 2019
My wife had to get an emergency abdominal surgery in Panama. We don't have health insurance. It was $1400 for a 2 day stay in a private hospital and $1900 for the surgery. Would have been $100k+ in the US Panama has the same life expectancy as the US- I had an ex girlfriend whose parents were multi millionaires, 30 houses on the west coast. Absolutely massive passive income. She got SNAP benefits and student loan forgiveness.
- This is a shipping container. You can get them cheap, right now (~$3000). The steel value justifies the cost. You can fit ~$250k worth of nickels in a shipping container.
- Last night I met with a guy who did marketplace fraud detection for eBay using machine learning. He said his team was laid off because eliminating fraud reduced sales volumes. Management decided it was more profitable to allow fraud and fight chargebacks than stop it.
- I just read a book on semiconductors on a 15 hour flight and I'm now even more confused as to why $nvda has a $5t valuation. It seems like they are extremely vulnerable to competition as they own none of the critical tech like lithography or fabrication. What's the moat?
- $60B in $nvda buy backs seems like a big number on the surface but it's basically all of their cash, 9 months of profit, and still only about 1.5% of their market cap. It's a market signal that they can't squeeze out any more growth. It really is the biggest bubble in history.
- They are literally telling you they're going to spend trillions of dollars by the end of the decade building data centers. What's the #1 ingredient in a data center? COPPER. Instead of speculating on AI stocks, acquire thousands of tons of US nickels. MAKE THEM PAY YOU
- Bill Ackman is basically a socialist himself Every time the market goes down he whines like a bitch for somebody to save him Let Bill Ackman fail
- If you lost millions yesterday on leverage but you still have $2M+ left over, here's my advice to you: Take it out of the casino, pay the taxes, buy a house with low property taxes, put the rest in boring dividend boomer consumer stocks, and enjoy your fortress of solitude.
- The economy is worse than 08 and we're at ATHBREAKING: Chipotle COLLAPSED after reporting horrible earnings today. The consumer is OUT of money.
- New York hedge fund managers who benefited from socialism and bailouts are now shocked that the unwashed masses also want socialism and bailouts
