A. Bench Presser

Relax, the world will spin beside itself and suck you in, with threats and hopes beyond compare.

[A. Bench Presser @abenchpresser]

We are all Bill Hwang

[A. Bench Presser @abenchpresser]

@FredWick7 @cburniske Seems like all the crowded (institutional) trades are going pear shaped in big ways today

[A. Bench Presser @abenchpresser]

@Citrini7 was sitting just a little too high on this one. waiting for another sub 10bp implied (on the #360) print in the night session when the euros panic buy.... nice one that you got in there... just beware of the July meeting

[A. Bench Presser @abenchpresser]

@Citrini7 hobby vacations are the way to avoid this feeling imo. for me its the surf trip with friends (or solo). sitting by the pool stresses me out way more than sitting in front of the screens.

[A. Bench Presser @abenchpresser]

@WaterworldCapi1 You live near the ocean?

[A. Bench Presser @abenchpresser]

@Citrini7 Maybe Raoul Pal? 😂

[Arun S. Chopra CFA CMT🧐 @FusionptCapital]

So here's another 'fun' one, $NVDA's TTM P/S has now passed the highest level for a megacap (at that time) seen in the dot com era ( $CSCO).

*Note the forward P/S is listed also, just slightly under 25X's.

[Conks @conksresearch]

The Fed will likely once again intervene and reiterate its tightening stance, which they’ve seemingly forsaken over the past few months. The latest Transitory Pause will end, not via a “TGA refill”, but by a more powerful trigger: the return of a hawkish Fed.

[A. Bench Presser @abenchpresser]

@hkuppy And you get a delicious fruit a month and change after that

[Travis Lundy 👹 @travislundyasia]

Japan Buybacks Announced 12 May 2023

¥405bn in total announced today.

Six smallcap ToSTNeT-3 trades for Monday pre-open at top in gray, some delayed starts, two extensions (in red) of existing programs.

[ADV reference is last six months]

[A. Bench Presser @abenchpresser]

@Citrini7 daily ice bath was a game changer for me on this issue. 37 degree water makes it hard to think about anything else. if you have the space highly recommend adding it into your daily routine (before bed is best), it was a game changer for me

[A. Bench Presser @abenchpresser]

@diamondhand_ape @Citrini7 Please tell us more about this crystal ball you are looking into 👏👏

[A. Bench Presser @abenchpresser]

@nntaleb Thanksgiving came early in Korea. This turkey was fed every day, until....... quite a few more of these over the last few days in Korea.

[A. Bench Presser @abenchpresser]

@puppyeh1 @tomi yup. when the JPX publishes stuff like this https://t.co/rXFSLSMK5l, they make it seem like Japanese mgmt are missing some knowledge of how to run profitable companies... when the reality is what you just said above.

[A. Bench Presser @abenchpresser]

@JossFong Time to put on the Dyson Bane mask

https://t.co/9yxqqhVKHi

[A. Bench Presser @abenchpresser]

@davidboxenhorn @ScottAdamsSays Ha yes. Through the “politics is everything” lens, the binary red/blue dystopia that evolves from AI paints a much simpler picture of the future than the reality of what it will bring.

[A. Bench Presser @abenchpresser]

@FusionptCapital Why is today not an option. Still an hour and change left. Ask @Citrini7 what the ladybug is doing

[A. Bench Presser @abenchpresser]

@bentan__ TSE pushing so hard on improving governance to reduce the number of below 1x book value listings. I do agree though low ROE for a decade should trade below book.... but there are still plenty of examples of 20%+ ROE that trade below book.. Buffett wont be looking at them though.

[A. Bench Presser @abenchpresser]

Warren Buffett buying woke everyone up. The TSE is pushing hard on a corporate governance improvement plan. Trying to address the fact that over 60% of all listed companies trade below book value in japan. Lots of cash hoarding companies may be forced to return to shareholders. Also cross shareholding unwinds encouraged

[A. Bench Presser @abenchpresser]

@Japan_too_cheap no worries. that info came from the Kaga IR team..."Domestic sales of Socionext is handled by Kaga"... Im sure it is less 10% of consolidated sales for Kaga since they are big. Either way its an interesting one to watch!

[A. Bench Presser @abenchpresser]

@Japan_too_cheap Kaga handles all domestic sales of Socionext (which is around 30% of March 2022 sales)