TJB

Investor, Principal of PFH Capital

[TJB @PFHCapital]

@marketplunger1 @LOWO64 Still own it! Probably will until the soda ash market finally recovers when I'm in the old folks home.

[TJB @PFHCapital]

Meanwhile, us deep value dorks are finding dozens of growing, profitable South Korean microcaps trading below net current asset value. How is this the same market?

[zerohedge @zerohedge]

Korean Bubble Mania: Retail Investors Max Out On Margin Debt, Choose To "Risk Complete Collapse" Than Miss Stock Rally https://t.co/8SZT5jKAUB

[Asia Frontier Capital @AsiaFrontierCap]

https://t.co/0JtLjcguKM

[TJB @PFHCapital]

@GoldPanda10 @Floebertus @SimeonResearch_ AI fears + strategic changes (plans to list on foreign exchange cancelled/delayed, etc).

[TJB @PFHCapital]

FWIW, here’s Buffett concerned about this issue back in 2003 (the negative US NIIP has more than 10x since this article)… https://t.co/wZ0zuHNjh3

[TJB @PFHCapital]

Long term, the most important chart in investing…

[Michael Fritzell (Asian Century Stocks) @MikeFritzell]

What will happen to the US Dollar when these flows reverse?

H/t: Jefferies

[TJB @PFHCapital]

@Geiger_Capital Is this where @rabois is handing out free money?

[TJB @PFHCapital]

@radigancarter I guess the question is which countries are eligible to pay the toll. Are major US allies (e.g. Japan, South Korea)? Genuine question.

[TJB @PFHCapital]

@MicroCapClub @Valuehunte Unless I’m gonna to go long Botox, I should probably update my headshots every two decades lol

[MicroCapClub @MicroCapClub]

Here is our latest Club Conversation with @PFHCapital.
Thank you @Valuehunte for hosting.

https://t.co/32jxz8Q5Nj

[TJB @PFHCapital]

@MikeFritzell @smartkarma We discussed them in the annual letter if interested $066620.KS

[TJB @PFHCapital]

@BobbyKKraft Congrats Ian and Bobby!

[Bobby Kraft @BobbyKKraft]

[NEW PODCAST] Planet MicroCap Podcast: LIVE! with Thomas Bachrach @PFHCapital, Jason Hirschman @EightTrack180, Whit Huguley @Whit_Huguley + Kevin Shea @thegoodprick #MicroCap #Investing #Podcast #Education

YouTube: https://t.co/aKL3512FX2

Apple: https://t.co/DHdLbU3NbY

Substack: https://t.co/fmc94YlWY8

[TJB @PFHCapital]

@DouglasPollitt @LukeGromen ChatGPT’s explanation makes sense to me…

[TJB @PFHCapital]

@DouglasPollitt @LukeGromen If this is the case, would that show up as an import? If an owner simply moves gold from a vault in London to a vault in NY, how does that show up in the import data (no USD were exchanged)? Honest question.

[TJB @PFHCapital]

@amlivemon What’s the source on your 400%+ figure?

[TJB @PFHCapital]

@pedroleongarci2 @Franfra51045228 Here's the section on Spyrosoft $SPR for those interested...

[TJB @PFHCapital]

@BobbyKKraft Stay safe buddy 🙏

[TJB @PFHCapital]

@capitalemployed @Juzt1one My $0.02… it remains cheap due to cultural/linguistic barriers and illiquidity (many micro/nano caps with limited float due to high insider ownership). And certainly proximity to Ukraine hasn’t helped.