pricesignals

25 years on the buy side, mostly in EM fixed income & global macro

"I offer nothing more than simple facts, plain arguments and common sense" -- Thomas Paine

[pricesignals @PriceSignals]

Grateful for my 2nd best financial year ever: big jump to all-time highs in W2 comp for both me & the wife ($800K combined!) + Brazil + bottom fishing stocks during the tariff tantrum

2021 remains the high watermark: +$2.2M in real estate equity, +$500K in the stock portfolio

[pricesignals @PriceSignals]

Dayam

[Fervent Flâneur @ferventfinance]

Robert Caro's only child graduated from Princeton and then got a JD, got into the real estate game and stole from his clients and family. Was sentenced to prison and had to pay $1.1M of restitution from three thefts... Now according to LI he runs Facebook marketing campaigns.

[pricesignals @PriceSignals]

@DavidTaggart LOL

[pricesignals @PriceSignals]

Ignore all tweets that start with "Bill Ackman just said"

[Manpreet Kailon @preetkailon]

Bill Ackman just said investors are repeating the same mistake they made in 2000.

Chasing the new new. Ignoring quality.

In 2000 it was dot-coms. Today it’s chips and energy hype.

Meanwhile $MSFT is sitting at a 25x P/E. Its 5-year median is 34x.

The market is literally discounting one of the best businesses ever built.

Ackman called it “one of the best times in a long time to buy quality.”

You agree?

[pricesignals @PriceSignals]

It's from Chamath, but it's interesting. Worth a read

[Chamath Palihapitiya @chamath]

https://t.co/kJc3ewLW69

[pricesignals @PriceSignals]

🙃

[𝗦𝗵𝗼𝘄 𝗠𝗲 𝗧𝗵𝗲 𝗗𝗮𝘁𝗮 @txsalth2o]

I'm grateful to women who hyphenate their last names, because you immediately know that they're going to be a pain in the ass.

[pricesignals @PriceSignals]

100%

[Wesley Chambers @investwithwes1]

People getting excited that Mastercard is trading at 4% fcf yield. That 4% can become 8% real quick.

[pricesignals @PriceSignals]

The Biden era grift seems so small and dare I say innocent compared to the scale of what we're seeing now. A bygone era.

[Hunter Biden @HunterBiden]

Yes I sold paintings. About $225,000 a year over four years. The whole of my business while my father was President. Congress investigated it.

If you’re outraged about that, where is all your outrage now?

Kushner's Affinity Partners holds roughly $5 to $6 billion. Close to 99% of it comes from foreign sovereign wealth funds. Saudi Arabia. The UAE. Qatar. Over $90M in fees annually.

[Hunter Biden @HunterBiden]

Yes I sold paintings. About $225,000 a year over four years. The whole of my business while my father was President. Congress investigated it.

If you’re outraged about that, where is all your outrage now?

Kushner's Affinity Partners holds roughly $5 to $6 billion. Close to 99% of it comes from foreign sovereign wealth funds. Saudi Arabia. The UAE. Qatar. Over $90M in fees annually.

[pricesignals @PriceSignals]

This is my quant

[Aria Radnia 🇮🇷 @ariaradnia]

SINCE WHEN IS MASTERCARD THIS CHEAP???

23x FCF IS A BARGAIN

$MA

[pricesignals @PriceSignals]

We have a star in the making

[Hunter Biden @HunterBiden]

So let me get this straight.

Jake Tapper is focused on attacking my Mom.

Jared and Ivanka are building a private island paradise on Albanian protected land.

Don Jr married the daughter of Epstein’s banker, and a startup his fund backs just got a record $620M Pentagon loan.

Eric is taking an Israeli drone company public for $1.5B in the middle of a war with Iran that nobody wanted.

And I know: “But what about your paintings, Hunter?”

Please.

[pricesignals @PriceSignals]

I was thinking about this other day and it struck me that Kamala is like the democratic version of Sarah Palin - unqualified VP choice, inarticulate alcoholic lightweight, reduced to an inconsequential nobody

[pricesignals @PriceSignals]

You know this story is fake simply because you can't buy a "ton" of food at a restaurant in this country for $80

[FortWorthPlayboy @FWPlayboy]

Game Principle: Self-Amusement (extreme example)

[pricesignals @PriceSignals]

not surprising at all

[Nick shirley @nickshirleyy]

🚨 This is a prime example of fraud and waste inside California's homeless industrial complex

California bought this hotel for $8 million in 2020 and now wants $20 million to fix it. That is $625,000 per homeless person.

6 years later and NOTHING to show.

EXPOSE IT ALL.

[pricesignals @PriceSignals]

@robin_j_brooks Japan has a large net positive NIIP while the UK, US have a large negative NIIP. Makes the macro backdrop very different

[pricesignals @PriceSignals]

I went back to the management track after 18+ years because I thought it would be a good way to end my career. In hindsight, I was a genius for deciding in 2007 that managing people was not for me. The entitlement is through the roof. Can't wait for the recesion to hit.

[pricesignals @PriceSignals]

🙃

[pricesignals @PriceSignals]

Short sellers are not welcome in the golden age of grift

[Hiroo Onoda @OnodaCapital]

I am genuinely disturbed that they convicted Andrew Left given the amount of highly visible, egregious financial crime and corruption happening everyday

[pricesignals @PriceSignals]

🙃

[pricesignals @PriceSignals]

Eric remains a total class act

[Exec Sum @exec_sum]

NEWS: Former Google CEO Eric Schmidt scores win in arbitration after a judge ruled his ex-girlfriend falsely accused him of rape and must pay him $10 million+ in damages.

[pricesignals @PriceSignals]

Why do they emphasize the Mercedes G-Wagon?? Is that a flex now

[CBS News @CBSNews]

Seven properties, a Mercedes G-Wagon, sneakers worn by Kobe Bryant and a Mickey Mantle rookie card worth $1.5 million. All of these things were bought with taxpayer money.

Paul Randall pleaded guilty in one of the largest Medicaid fraud schemes in the California history – diverting more than $270 million in tax dollars.