VBar

Investor

[VBar @AppalacheGlobal]

@jrlevine @Muse Garmin, Strava

[VBar @AppalacheGlobal]

@alexandr_wang When in Canada? Excited to try it

[VBar @AppalacheGlobal]

@ErnestWongBWM SPGI index + ratings only

[VBar @AppalacheGlobal]

@deepvalueco Tell that to all the private wealth advisors with 35% of client portfolios in Canadian banks (to be fair, they've had a good run)

[VBar @AppalacheGlobal]

@compoundpapi @ErnestWongBWM Reflexivity in action here - Overvalued stock → issue/use shares to fund crazy goals → show (small) progress on crazy goals --> overvalued stock ... and on and on

[VBar @AppalacheGlobal]

@TidefallCapital Lots of parallels to airlines - capital intensive, absolutely essential to our daily lives but commoditized and low margin

[VBar @AppalacheGlobal]

@MrJulius007 @CorneliaLake Looks like we can all be friends

[VBar @AppalacheGlobal]

@marc_slans Ronnie just bought 10m CAD in the open market…hang in there!

[VBar @AppalacheGlobal]

@TidefallCapital @FinanceJack44 I agree (unfortunately)

[VBar @AppalacheGlobal]

@CJ0pp3l You are probably right - good catch

[VBar @AppalacheGlobal]

@TidefallCapital @FinanceJack44 100%. For what its worth, last Q was the first time in a long time that Sachin talks about accelerating the buyback based on intrinsic value

[VBar @AppalacheGlobal]

@marc_slans A fellow MA/V, MCO/SPGI, WCN bagholder it appears

[VBar @AppalacheGlobal]

@marc_slans Apple and Meta actually pretty good diversifiers vs capex trade IMO, especially Meta at this price

[VBar @AppalacheGlobal]

@marc_slans Not sure sure about that - Meta was very green on deepseek morning in Jan 2025

[VBar @AppalacheGlobal]

@MrJulius007 @OnodaCapital >30% account growth at IBKR last Q vs 6 at hood… smaller base but still

[VBar @AppalacheGlobal]

@citrini @Larryjamieson_

[VBar @AppalacheGlobal]

@compoundpapi And Brennan from Long Path Partners has a history of taking portfolio companies private if things don’t work out in public markets - wouldn’t be surprised it it happens here too

[VBar @AppalacheGlobal]

@compoundpapi @treasury_bill LPX a quality/levered name to housing reopening trade

[VBar @AppalacheGlobal]

@TheGarpInvestor Would recommend looking at everything that @borrowed_ideas and @scuttleblurb have written on bro, ryan and brokers more broadly