Mc'Burnerson 🛡

Burner account, currently in an Oilfield near you. Shipping Ops. DeFi maxi. Retweets are notes to self.

[Wide Awake Media @wideawake_media]

Australian broadcaster, Alan Jones:

"CO2 is 0.04% of the atmosphere. Human beings create only 3% of that 0.04%. Is anyone seriously suggesting that we should stand the economy on its head, force up energy prices, damage business, jeopardise employment, because 0.04% of the atmosphere is CO2?"

Yes Alan, that’s exactly what the climate totalitarians are suggesting, because none of this really has anything to do with saving the planet, and everything to do with deliberately wiping out the middle class, drastically reducing our standard of living and exerting absolute totalitarian control over every aspect of our lives, under the guise of "saving the planet" from the non-existent "climate emergency".

Source: https://t.co/bGp5TL5zEJ

For more content like this, visit: https://t.co/KIgEQYjeJS

#ClimateScam #ClimateCult #NetZero

[Excel Dictionary @exceldictionary]

Utilizing keyboard shortcuts will save you hours when working in Excel. Here are the top 50 Excel shortcuts to maximize productivity:

[Ed Finley–Richardson @ed_fin]

Average MR rates in August, by year:

August 1990 $10,708/day
August 1991 $7,043
1992 $7,062
1993 $8,315
1994 $10,196
1995 $12,342
1996 $9,671
1997 $12,230
1998 $11,015
1999 $9,071
2000 $16,911
2001 $15,919
2002 $11,578
2003 $18,251
2004 $20,904
2005 $20,156
2006 $29,906 (!) 🤑
2007 $18,591
2008 $23,623
2009 $5,430 (!) 😢
2010 $11,873
2011 $11,301
2012 $7,827
2013 $9,944
2014 $9,061
2015 $24,806 (!)
2016 $10,270
2017 $9,652
2018 $6,210
2019 $11,133
2020 $10,508
2021 $7,939
2022 $34,419 (!!) 💸💸💸

Average 1990-2022 $12,707/day
Average during 2004-08 $20,820
August 2023?
Year to date average: $26,412/day
Last week: $29,899/day
The week before: $22,223/day

All numbers are non Eco, w/out scrubber

Data source: Clarkson's

$TRMD $STNG $ASC $INSW $HAFNI $DIS.MI

[Brandon Beylo @marketplunger1]

Bruce Greenwald invited Li Lu to speak to his class on value investing.

The result is a 90 minute masterclass on how to be a value investor.

If you haven't watched the video, do it now.

If you have, it's worth re-watching.

Here is a list of my favorite quotes from Li Lu 👇

PERSONALITY OF A VALUE INVESTOR

• "Understand who you are as an investor, because you will be tested. You will have to ask yourself if you truly are a value investor."

• "Value investing goes against our evolution of following the crowds to survive."

• "You will spend most of your time as an investigative journalist. To have insatiable curiosity."

• "You almost have to be curious about everything. Because you never know where you'll get that one major insight."

INVESTOR CRITERIA

• Is it cheap?

• Is it a good business?

• Why is this opportunity available to me?

"Once you answer those questions, you really have to go for it."

INVESTMENT CASE STUDY 1: TIMBERLAND

• "The first thing I check in a company is it's valuation."

• "If you're an investor you don't care where it traded before."

• "What matters isn't the price-to-book ratio itself, but what's in the book value."

• "You want to compare the capital invested in the business to how much pre-tax cash flow the business generates using that capital."

• "So Timberland generated $100M on $200M in capital invested. So why does the opportunity exist?"

- Nike, Reebok, all the shoe brands fell off a cliff during the Asian Financial Crisis.

- Founder owns 40% of the stock

- Company was profitable and didn't need financial markets (no sell-side)

- Tons of shareholder lawsuits

• "What would be your conclusion if you were a normal mutual fund hearing this information? That management is milking the company for their own gain."

What does Li Lu do next?

• "I download every file of the shareholder court cases. That's the investigative journalist part."

• "The result was that the founder withdrew guidance and shareholders didn't like it. That was it."

How do you determine if management are decent people?

• "You've got to be an investigative journalist and find the trail of evidence. Go to their community. Introduce yourself to their friends/family/neighbors."

Total Time Commitment: "A couple of weeks of diligent/obsessive work"

• "Investing is intensive work for short bursts of time."

HOW MUCH TO BUY?

• "If you go join a fund, they'll tell you not to risk anything more than 25-50bps."

• "Think about how much effort you put in to this work. You have no downside and its trading at 5x profits."

• "So, I put a shitload of money into Timberland. Over the next 10 years it went up 7x. It was never more than 15x earnings."

• "If you're not a good analyst, you'll NEVER be a good investor."

• "When it goes up, you don't have to do a damn thing. You just sit on it and ride with it."

INVESTMENT CASE STUDY 2: KOREAN COMPANY

• "Don't think about per-share numbers. Think of yourself as an owner."

• "$236M in book value, $60M market cap, $25M net earnings."

How do you know it's cheap?

• "You must confirm that the earnings are there, and that the book value is real, liquid, and tangible."

• "They're trading at the cash value in the bank with no debt. They have hotels and department stores that they own outright. They're making $30M+ in pre-tax earnings. And insiders own 50%."

The result: Went up 5-6x

VALUE INVESTING IS NOT NATURAL

• "There's a lot of money in value investing. But it's still unnatural to most people."

• "One thing you have to do, is you have to do the work. You have to do the reps. You can make a ton of money if you really do this stuff."

• "I benefited by listening AND THEN DOING my own work. Making my own investments and mistakes."

WHAT MAKES A GREAT ANALYST

• "You must provide accurate and complete information. If you can't succeed on that, you can't succeed in this business."

• "If you're not confident about your prediction and what you know, you can't put any money when the stock's in free fall."

WHAT PROVIDES THE BIGGEST RETURNS

• "Your biggest returns will come from no more than ten tremendous insights. That's it."

• "The only way to build those insights is intense curiosity, intense study."

INVESTING MISTAKES

• "The biggest mistakes come when you buy before you've done all the work."

• "My biggest mistakes aren't buying and losing money. It's not buying and missing out on 50-60x returns."

HOW MANY COMPANIES SHOULD YOU BUY

• "I don't have any set rules on how many stocks or companies I buy. Opportunities are sporadic and it depends on the environment."

• "I usually have 3-4 big ideas. If the market is exciting, I have more opportunities. Or if the market is boring, I have fewer."

HOW LI LU ALLOCATES TIME

• "Most of the time I spend reading and studying about everything. Learning new companies and industries."

• "If I find an idea that captivates me. I stop everything and obsess over that idea."

• "Besides that, I spend a lot of time with my kid and my wife."

TL;DR:

• Be an investigative journalist.

• Work obsessively in short bursts and spend the rest. of your time learning.

• When you've done the work and have conviction, buy a shitload to make it worth it.

• Before you invest $1, make sure you can answer the three big questions: Is it cheap, is the management team good, and why does the opportunity exist.

• Never stop learning.

• Become a curiosity machine.

[Alamin @iam_chonchol]

This is mind-blowing 🤯

$12,880 worth of Storytelling Degree in just 4 minutes.

Just look at this video. Kurt Vonnegut explained stories better than anyone I’ve ever heard.

[Bookmark]

[John Ʌ Konrad V @johnkonrad]

If you want to follow the 1% who understand the outsized role shipping has played in the overall economy, here are some excellent accounts to follow in rough alphabetical:

All post about shipping at lest occasionally.

People with S after their name specialize in shipping but also post about a few of the other groups

The others are experts in other things but understand - at post about - shipping’s outsized role in economics.

I have given
E = economic expert
O= oil/energy
F = food/grain
G = geopolitics
T = other transport modes

@gCaptain S
@biancoresearch e
@chigrl eo
@MaritimeAmerica S
@mercoglianos S
@MikeSchuler S
@FreightAlley T
@JavierBlas OF
@TimothyDooner T
@ed_fin S
@exit266 F
@GMJournalist S
@HJBirkett S
@maphumanintent F
@SamChambers S
@preston_holland T
@TheStalwart E
@MikeSchuler S
@mintzmyer S
@MartinSkold2 G
@TonyNashNerd E
@NavyStrang St
@ndcarson F
@PeterZeihan G
@OKalleklev O
@rrpre T
@typesfast T
@stavridisj G
@ChrisVonheim S
@Lloydslisted S
@joeriwestland S
@SusanSakmar O
@Lloydslisted S
@sizov_andre F
@SStapczynski E
@JHannisdahl S
@christankerfund S
@Michellewb_ S
@HelloMrBond F
@brentdsadler G
@joshyoung O
@JoshuaSteinman G
@vtchakarova G

I’m missing a ton of my favorite names (please add your favorite ship related follows below) but if you follow those accounts you’ll start to piece together why the global economy feels so uncertain.

Spoiler alert: it’s not uncertain, it’s just that few understand shipping so they come up with BS reasons for the economic issues we are experiencing

[BowTied Biohacker @BowTiedUM]

Men that use lifting gloves should be released with the women & children in hostage situations

[Michael Girdley @girdley]

I look at private companies for sale all the time.

I’ve learned every good investor has “stock” questions they ask.

To really understand a business well.

Here are 14 of my favorites.

* What happens if you raise prices? What happened the last time you raised prices?

* Why do customers love the product? How do you know that?

* What’s the number one thing you can do to increase retention?

* Why do customers leave you? How do you know?

* What is the biggest impediment(s) to growth?

* Why am I the lucky buyer/investor? ← asking myself this sometimes!

* When you win deals, why? How do you know?

* When you lose deals, why? How do you know?

* What’s your biggest problem(s) right now?

* Why are you selling the business?

* Pretend you have to fire everyone but three people. Who do you keep?

* Pretend you must reduce staff by three tomorrow. Who do you let go?

* What keeps you up at night?

* What would happen if you didn’t come into work for 6 months? (for SMBs for sale)

—

What’s your favorite question? Disagree with any of these?

(If you liked this or found it helpful, give this tweet a like, retweet, or comment. Show the algorithm you like helpful, nontoxic content.)

[Mc'Burnerson 🛡 @MBurnerson]

@gunsnrosesgirl3 Thicc

[Mc'Burnerson 🛡 @MBurnerson]

@hardestgeezer You're a fucking machine mate. Much respect.

[Mc'Burnerson 🛡 @MBurnerson]

@gas_biz Sounds like you work in a supermax prison.

[Mc'Burnerson 🛡 @MBurnerson]

@btc_charlie Swissborg

[Mc'Burnerson 🛡 @MBurnerson]

@heyalexfriedman Just realise they're lashing out because they nuked their own lives & ruined their family lives, usually with drink and hookers.

If you mean for banter, just give as bad as you get. If you can't say anything nice, say something witty (funny) and devastating.

[Mc'Burnerson 🛡 @MBurnerson]

@heyalexfriedman Years of working in extremely hostile environments in remote areas with weathered and bitter men.

[Princess @defiprincess]

c0ffeebabe.eth made $5.3M with just $32

How ?

With free money & a whole lot of brain work

Here’s her story 🧵:

[Ali Abdaal @AliAbdaal]

I’ve read close to 1000 books.

I’ve narrowed it down to 15 books everyone needs to read (2023):

[Wall Street Apes @WallStreetApes]

"Millionaire: Makes $20m in 2022

Millionaire: Hires "artist" to make "art" for $25k

Artist: Puts one streak on canvas

Millionaire: Thanks artist and has art appraised by an appraiser in his same circle of friends

Appraiser: Values artwork at $20m

Millionaire: Donates $20m artwork to museum to get $20m tax write off

Millionaire: Pays no taxes in 2022

Me at museum: This is stupid, it's just a line on a canvas

Hipster next to me: No, you just don't understand it because you're uncultured."

—-
Ohh and millionaire can also register the walls in his home as an “art gallery”

Donate the newly appraised “art” to his walls & write off the total amount

Welcome to America

[Mc'Burnerson 🛡 @MBurnerson]

@CL207 Imagine the smell

[LondonCryptoClub @LDNCryptoClub]

Yesterday in the UK, the House of Lords passed the Financial Services and Markets Bill (FMSB).

This is another big step in the UK’s efforts to regulate crypto.

Here’s what you need to know…