Will Sun

Curious Gamer

[Will Sun @WillSun_1]

@CharlotteYTYang Thanks! This is great. Couldn’t find much in their own IR site.

[Will Sun @WillSun_1]

@BrianTycangco What’s your expectation of the ipo of the t-head semiconductor spin off

[Will Sun @WillSun_1]

@systemdesignone Playbook

[Neo Kim @systemdesignone]

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[Will Sun @WillSun_1]

@MohnishPabrai Great show again!!

[Will Sun @WillSun_1]

@lilianr Congrats

[inthemoneypod @inthemoneypod]

At what point is large cap tech a buy?

Veteran investor @pboockvar says their fundamentals can be great, but it's just not where market leadership is going to come from

Do you agree? Comment below 👇🏽

Watch the full interview: https://t.co/RP8kFFibCJ

[Peter Boockvar @pboockvar]

Thanks Tony and Jared

[Will Sun @WillSun_1]

@pboockvar Good job, agree that $khc is in the process of an extremely reasonable turnaround. Just doing business, offer good pricing, and getting back to innovation + basic retailing

[Josh Young @JoshYoung]

Instant classic

[Will Sun @WillSun_1]

@semivision_tw @grok remind me in 6 months

[Bill Ackman @BillAckman]

Some of the highest quality businesses in the world are trading at extremely cheap prices. Ignore the MSM. One of the most one-sided wars in history that will end well for the U.S. and the world. And we have the potential for a large peace dividend.

One of the best times in a long time to buy quality.

Ignore the bears.

[Will Sun @WillSun_1]

@saranormous Yes

[Will Sun @WillSun_1]

@BojanRadojici10 A copy

[Cassandra Unchained @michaeljburry]

Say what you want, but I'm right.

CNN: Tesla scraps Model S and Model X to build robots
"Tesla (TSLA) CEO Elon Musk, who turned an upstart electric vehicle maker into an industry-changing powerhouse, is pulling the plug on the two models that helped get him there, as he struggles with another quarter of declining profits and car sales.
He announced the end of production of two models – the Model S and Model X, among the company’s most expensive models, on a Wednesday earnings call. Instead, the company will use that factory space to build humanoid robots instead."
Foundations: The Tragic Algebra of Stock-Based Compensation https://t.co/LuacufI6Ps

[Will Sun @WillSun_1]

@JoshYoung Well done!

[Josh Young @JoshYoung]

My latest interview:

[Josh Young @JoshYoung]

It's amazing how pronounced the difference has been: https://t.co/PrR0p4Hhm6

[Cassandra Unchained @michaeljburry]

Fannie and Freddie are falling. The 200B MBS buy order does not hurt them. This is exactly what they do- it is their business. It in fact means to do more they need to raise capital, and the way to do that is an IPO.

What I said in my December post below- I think we are in this lull now.

“
Again there are many scenarios here.
So this is neither an automatic nor a necessarily quick win for long-suffering common and junior preferred stockholders.
If the companies do not go public, they will continue to build their respective capital reserves and shrink ERCF funding shortfalls. This means there is not a lot of financial pressure from within the GSEs themselves to move the IPO up on the President’s agenda. They become better capitalized the longer the IPO is put off.
True investors can take heart that further delays alone do not destroy value, as both are now growing book value by double digits. Sentiment will likely drive the securities down significantly if the next year is unproductive on the IPO front, but that could be an opportunity for long-term investors.”

https://t.co/8Aw83ptETF

[Cassandra Unchained @michaeljburry]

Just your daily reminder that stocks are expensive.

To put it in the context of my recent “Fee Fi FOUR Umm…” post, specifically the expected return discussion surrounding FISV, the difference between a 20% expected annualized long-term return on a common stock and an 10% one is logarithmic. The 20% return price can be 4x times the 10% expected return price and 8x the 8% expected return.

This also explains why value investors look like idiots for extended periods. When a stock trading at the 8% expected return price ($160) falls to the 10% return price ($93), it's down 42% and everyone assumes something is broken. To get to the 15% price ($38), it needs to fall 76% from that $160 level. At that point, the business is being treated as terminal. The 20% price is just where everyone wants to give up and go home. And we only see that in any widespread fashion when everyone is indeed giving up and going home - like the 2008-2009 bottom and the second half of 2002. 2020 early in COVID got close but not like that. It’s been a long, long time since it got like that.

Value investors have looked like idiots for a long, long time. Adjust the PE correctly for SBC, Depreciation, Amortization, Fixed/Capital Leases, etc, and it gets worse.
https://t.co/lf65ye9uvs