Mario Morissette

Journaliste à la retraite prématurée, membre du Temple de la renommée de B-Q, maraicher du Potager du Chemin Carrier de Lambton ou de Port St. Lucie.

[Jennifer Joy Brenley Nyhof @Jenny82146]

@mikedeportes With thanks and gratitude: The Aviation Safety Network website @AviationSafety https://t.co/jkUK0Zrwrg

[Rahul @sairahul1]

Apple went public at under $2 billion.
15x revenue.
1980.

SpaceX wants you to buy at $2 trillion.
100x revenue.
2026.

That is not getting in early.

That is being the exit for venture capitalists who bought in years ago at a fraction of what you are being asked to pay.

Almost none of the retail investors buying this IPO will read the 300 pages before the book closes on June 11.

I fed all 300 into AI and read them for you.

Here is what you will miss ↓

[Mario Morissette @Meojdeq]

@PierrePcouture Je dirais la même chose si je détenais un bloc d'actions achetées pour une fraction du prix. Mais à quoi bon garder des actions dans l'au-delà?

[Mario Morissette @Meojdeq]

CPDQ zéro

[Sawyer Merritt @SawyerMerritt]

The Ontario Teachers’ Pension Plan is sitting on a potential windfall of as much as $11.6 billion from an initial investment of about $300 million into @SpaceX in 2019.

This would make it the single most successful investment the pension plan has ever made. The Teachers portfolio, which manages $279B in assets for about 346,000 members, includes working and retired teachers in Ontario. https://t.co/IEcclT7UWb

[Bitcoin Teddy @Bitcoin_Teddy]

Mark Cuban just described the largest wealth transfer of the AI era.

Almost nobody understood what he said.

Cuban: “There are 33 million companies in this country. Aren’t going to have AI budgets. Aren’t going to have AI experts.”

Not tech startups.

The shoe store. The regional trucking outfit. The accounting firm with 12 employees.

The businesses that actually run the physical economy.

They know AI is coming. They have no idea what to do with it.

Cuban: “You’ve got the head of Microsoft saying software is dead because everything’s going to be customized to your unique utilization.”

Software is dead.

The SaaS era ran on one rule. Build a generic product. Force millions of companies to bend their workflows around it. Charge rent forever.

AI ends the contract.

The business stops bending to the software. The intelligence bends to the business.

But customized by whom.

The third-generation manufacturer cannot tell Claude from Gemini. The county hospital is staring at a reactor asking where the light switch is.

Cuban: “Who’s going to do it for them?”

That question is worth more than the frontier models themselves.

Hundreds of billions are being burned to build the foundation. The smartest engineers alive are locked in a bloodbath over who owns the base layer.

Let them fight.

Let them burn the capital. Let them drive the cost of raw intelligence toward zero.

Because the wealth does not collect where the brain is built.

It collects where the brain meets the business.

Every ambitious kid in college right now thinks survival means a seat at OpenAI or Anthropic.

Cuban is staring at the other 99 percent of the economy.

Learn the models. Then learn the messy, unglamorous reality of how a 50-person company actually operates.

Walk through the door. Understand their problems. Wire the intelligence directly into their revenue.

That is not a job title. That is an entire economic class being born.

You do not need to build the brain. You need to build the nervous system.

The biggest winners of the electricity era were not the engineers who built the generators. They were the ones who walked into dark factories and showed the owners where to plug in.

33 million companies are standing in the dark right now.

Silicon Valley is racing to build the god. The fortunes will belong to whoever teaches him a trade.

[Mario Morissette @Meojdeq]

Y’aura toujours dès fidèles prêts à boire le kool aid

[Laurent Albie @laurentalbie]

Pourquoi le parcours boursier de Space X ne pourra jamais ressembler à celui de Google !

L'IPO de Google avait valorisé l'entreprise à seulement 23 milliards de dollars, à un prix de 85 dollars par action et le titre a depuis lors progressé de 17 000%. Pour que SpaceX reproduise une telle performance depuis son prix d'introduction, sa capitalisation boursière devrait atteindre 300 000 milliards de dollars — un chiffre complètement absurde, même si nous partons tous habiter sur Mars et que Musk fait du business avec les autres habitants de la Voie lactée !! 😂😂

[CommonSenseSkeptic @C_S_Skeptic]

For the simple-minded Musk fans out there planning on buying into SpaceX, believing against all forms of reality that this will make you gobs of money - here is the simplest way to break things down for you.

If you can't grasp this, you should not be in charge of your own finances.

You are planning on buying a fraction of a company, where the company is telling you - without any form of proof or backing fundamental - that it is worth $2 trillion. For each of the smallest slivers of the company, they are going to cost $135.

Before you can hope to double that amount to $270, the company value has to double to $4 trillion.

The company expects to be included in the S&P 500, where the majority of companies operate in a P/E multiple range of 5 to 10x. Meaning the company would have to make $400-800 billion profit each year to support that valuation in the same manner as their peers.

SpaceX currently BURNS money across the spectrum of divisions. They sit on a loss-to-date of $40 billion. There is no profit to be had in the Starship programme. The AI divisions incinerates a billion per month. Twitter is floundering. And StarLink MIGHT be turning a profit, but that business model is atrocious, with neverending CAPEX into eternity or liquidation.

So, where is the $400-800 billion profit per year going to come from? Moon rocks? Asteroid mining? A city on Mars? There is actually no economic case for any of the above.

And this is just to DOUBLE your money.

[Oguz Erkan @oguzerkan]

Bill Ackman is right.

- $META at 18x forward earnings
- $UBER at 16x forward earnings

Two of the strongest companies in the world, trading at no brainer levels.

Yet, people prefer owning unprofitable stocks at 100x sales because they are related to AI.

Never ends well.

[Thierry from arvy 🇨🇭 @ThierryBorgeat]

The greatest investor you've never heard of was destroyed by being right.

Julian Robertson ran Tiger Management. From 1980 to 1998, he compounded at 31.7% per year. The best record on Wall Street. He turned $8 million into $22 billion.

Then he looked at the dot-com bubble and called it exactly what it was: an irrational Ponzi scheme. Companies with no earnings at impossible valuations. He refused to play.

He was completely right.

And it nearly destroyed him.

Tiger lost 4% in 1998 and 19% in 1999 while tech stocks doubled. His investors revolted. At the 1999 annual meeting, the people he'd made rich for two decades screamed at him. Money fled. AUM collapsed from $22 billion to $6.5 billion.

In March 2000, he gave up. He returned all outside capital and closed the fund, writing that he could no longer operate in "a market which I frankly do not understand."

The Nasdaq peaked that same month.

The exact month.

The market waited for the one man who saw it clearly to leave the building, and then it collapsed.

His final portfolio, run with his own money from 2000 to 2006, returned 120% while the S&P 500 returned -7%.

He was right about everything. His investors never saw a dollar of it.

Here's the lesson that matters today.

You are not rewarded for being right about a bubble. You are rewarded for surviving it. Those are completely different skills.

The investor who shorts the mania gets carried out. The investor who simply refuses to overpay, keeps buying quality, and waits, gets to be standing there when the vindication finally arrives.

Don't try to call the top.

Just don't be the one holding the most expensive stocks when somebody else does.

[Mario Morissette @Meojdeq]

False

[Brock Crocker @CrockerBrock]

Trump’s right — Canada’s supply management is a protected cartel with 200-300% tariffs that screws U.S. dairy farmers. We export way more to them than they do to us.

We’re the only G20 country in recession, yet Carney says it’s “off the table.” That’s not strength — it’s swimming upstream while Trump laughs.

Time to fold on supply management, open access, and cut a real deal. Protect consumers and key industries instead of outdated sacred cows.

Realism > slogans.

[Mario Morissette @Meojdeq]

Ho! There’s no taxes on meat. Est chickpeas and get a degree

[Chansoo Byeon @Chansoo]

This is where Canada 🇨🇦 is at today.

$81.52 for 3 steaks. Almost $100 bucks after tax. I am paying for it with my money which is already taxed 💀💀💀

Shame on @markjcarney

[Mario Morissette @Meojdeq]

Tous ceux qui se tiennent loin du houblon citronné ou à saveur de framboises? 😂😂😂😂

[Lord Frederic Bourget ®️ @fredbourget]

Quel pays fait les meilleures bières?

[Mario Morissette @Meojdeq]

Ça va benaller…

[Acyn @Acyn]

Trump has a meltdown and ends the interview

Welker: Just to be very clear, there's no evidence of what you're saying.

Trump: There’s a lot of evidence. There’s tremendous evidence. There’s nothing but evidence. The election was rigged. And it’s happening again in California. They’re cheating.

Welker: Do you have evidence?

Trump: All I have to do is look.

Welker: That’s not evidence. The local officials acknowledge they are slow

Trump: They’re crooked. Just like you’re crooked. You’re either crooked or stupid.

[Mario Morissette @Meojdeq]

@simonbussieres @1keezybaby J’en coupe trois et je joue au sol

[Mario Morissette @Meojdeq]

Ce n'est certainement pas à cause des producteurs artisanaux! Pourtant, les gros ont reçu de juteuses subventions pour des serres qui devaient révolutionner la culture selon l'ancien ministre pilote de ligne.

[Le Journal de Montréal @JdeMontreal]

Hausse de 32% des prix depuis un an: pourquoi vos tomates vous coûtent aussi cher?
https://t.co/seDWAheNxC

[Mario Morissette @Meojdeq]

Marner etait vraiment le problème des Maple Leafs. Evidemment ce n’était pas la faute de tous les jambons embauchés comme entraîneurs, directeurs généraux et pseudo vp aux opérations engagés depuis 50 ans!

[Mario Morissette @Meojdeq]

Parfois faut protéger les plus faibles de notre société. Qui vous interdit de glisser sur une butte de neige?

[FRANK @frankdedomiseur]

L’obsession maladive pour le risque zéro va finir par nous anesthésier comme peuple : butte de neige, réseau sociaux, temps d’écran, red bull, éclipse solaire, virus en tout genre, etc. Tout doit être réglementé pour former une nouvelle génération d’anxieux généralisés.

[Mario Morissette @Meojdeq]

@JocelynPlouffe @huguesfoucher1 @HelsinkiBou @simonbussieres @LeBlitzNFL @SCadoretteJDQ @LioButon @LeFrontOffice @NFLFrance @ZoneSportUS @danlang2016 @cote_phil @VictorRoullier @MichelGroulx8 La chorale média de South Boston souffre d’une extinction de voix et d’otites

[Mario Morissette @Meojdeq]

@JocelynPlouffe @huguesfoucher1 @simonbussieres @LeBlitzNFL @SCadoretteJDQ @LioButon @LeFrontOffice @NFLFrance @ZoneSportUS @danlang2016 @cote_phil @VictorRoullier @MichelGroulx8 Le Met , un stade inaccessible (légalement) pour les marcheurs!

[Mario Morissette @Meojdeq]

@huguesfoucher1 @JocelynPlouffe @simonbussieres @LeBlitzNFL @SCadoretteJDQ @LioButon @LeFrontOffice @NFLFrance @ZoneSportUS @danlang2016 @cote_phil @VictorRoullier @MichelGroulx8 Ou ce sera la déchéance, sur le scotch à 6 heures du matin et des soirées de luxures quatre fois par semaine