I told a guy at a barbecue last weekend that I had been buying busted small-cap software stocks at 4x free cash flow, and he looked at me with the specific facial expression of a man who has just realized he is trapped in a conversation with someone who voluntarily reads 10-Ks on vacation. He asked, with great gentleness, if I had considered Nvidia. I said I had considered Nvidia in the way one considers jumping off a bridge: briefly, theoretically, and with a clear understanding of the outcome.
I told him I owned a company that sells dental practice management software to 11,000 orthodontists and that the CEO, a 64-year-old man named Greg who has not updated his LinkedIn since 2017, was, in my professional opinion, the single greatest capital allocator alive in North America today, and that I would, if legally permitted, have Greg’s name tattooed on my forearm.
He asked if Greg knew this. I said Greg did not know I existed, and that this was the foundation of our relationship and the source of its strength. He excused himself to go check on his children, who, I observed, were not present at the barbecue. I stood by the grill alone for the next 40 minutes, eating directly from a bag of buns, thinking about Greg, who at that exact moment was, somewhere in suburban Indianapolis, almost certainly buying back stock at prices that will, in 2031, be regarded as the single greatest gift any small-cap CEO has ever given his shareholders, and the host’s wife came over and asked, with palpable concern, if I needed a ride home, and I said no, I needed nothing, I had Greg, and Greg was enough, and I have not been invited back to that house, and I do not care, because Greg loves me even though Greg does not know I am alive, and the math, as it has always been in every great deep value trade in history, is the only thing in this country that has not lied to me.
rumors of this rumors of that
thats all we get now days, rumors.
nobody knows whats going on
but we know things are happening
while nothing ever happens
if they smash gold down to 3888 that may be the last good opportunity to exit the system before the cbdc surveillance state push. I think that push comes before the next selection in 28 so you’ll have to take it or risk losing it forever
notice how nothing really changes for the better no matter who is elected? everything slowly getting worse.. getting worse is the new normal. the US has always been getting worse wym? just watch the sportsball and have sex bro don’t pay attention to the negativity said the slave
we are on the cusp of a surveillance state that will make slavery look like child’s play
so many people are asleep right now but they will wake up soon
insider trading for thee but not for mee
the social contract that made america work is broken and running on fumes.
it’s a game of musical chairs, the music is still playing but they’ve turned on the lights in the adjacent room.
cbdc rails imminent to block the exit doors
So you’re telling me you’ve arrested more American soldiers involved in capturing Maduro than people on the Epstein list, or politicians who somehow magically became better investors than Warren Buffett the second they took office?
Wild priorities.
anything(but not everything) that has a liquid market priced in fiat can be outcome influenced
that’s why they push the gamble on everything economy so hard.. to influence outcomes and maintain control(while profiting in the process)
the information space has been flooded with slop to destroy your sense making ability.
no one knows what’s true anymore so the man on the street looks to the number in the market to make sense of what is real(impact) or not.
but what they don’t tell you is positioning > fundamentals and knowledge is vol dampening.
wat mean? distribute information in private and allow greed to front run public information
insiders position first and if enough of them position before the info is released to the public there will be no market reaction and if it’s never reflected into the market, as an extension, it’s not real.
markets direct reality not reflect.
it won’t last forever. once this becomes mainstream knowledge the mechanism will no longer work and I’m guessing markets begin to break seriously.
that’s why they are all in on trading fiat power for ai power and looting the system in such a blatant way on the way out.
a lot of headlines lately are the type you see when sides are realigning before a major conflict
every western country is moving the overton window preparing their countries for wartime economies and people still think ww3 hasn’t started yet
Together with my committed team, I have reopened today the Spanish Embassy in Tehran in order to join in efforts for peace from every possible quarter, following Minister @jmalbares instructions
it’s kind of sad people still think we are voting our way out of this.
this only ends with revolution or surveillance state based slavery.
which way western man?
if you fail to decide, it will be decided for you.
chinese robots can do kung fu but ours can barely walk a straight line.
bullish $koid as they inevitably throw the kitchen sink at robotics to play catch up