Brookgate

Public Equities. Do your own research, assume I have a position in any stock mentioned. This is mostly a personal investing journal and is not financial advice.

[Brookgate @brookgatecap]

“I never use valuation to time the market. I use liquidity considerations and technical analysis for timing. Valuation only tells me how far the market can go once a catalyst enters the picture to change the market direction.”

— Stanley Druckenmiller

[Brookgate @brookgatecap]

@Wexboy_Value @chesir3cat The net asset value is net of those payables though

[Brookgate @brookgatecap]

@VistryBaggie What’s happening?

[Brookgate @brookgatecap]

@valuehurts @ErnestWongBWM Surely the Diageo distribution infrastructure and combined bargaining power is worth a lot to Guinness?

[Brookgate @brookgatecap]

@benitoz ….because commodity prices can’t go up if demand outstrips supply?

[Brookgate @brookgatecap]

Armada off the coast of Antibes?

[Brookgate @brookgatecap]

@TheStalwart Door-to-door shovel salesman telling people there’s gold under their houses

[Brookgate @brookgatecap]

@MingeTMerciless @samueljenkinson I think a lot of people have this impression that old money people go around in shitty old cars and clothes because they don’t care. I’m just saying that, from my experience, that’s generally not true. And yeah they are ‘properly posh’ people.

[Brookgate @brookgatecap]

@ozzzmund @Laocailarry @landofangle I don’t think that’s why people like him so much. It’s because he’s very articulate and incredibly engaging

[Brookgate @brookgatecap]

Is there any other politician as craven and pathetic as Robert Generic?

[Peston @itvpeston]

.@Peston: That is a travesty of Kemi Badenoch’s position!

@RobertJenrick: No it isn’t.

Reform UK’s Robert Jenrick is shown @KemiBadenoch’s GMB interview and denies ‘manipulating’ a tragedy to score ‘petty political points’

#Peston

[Brookgate @brookgatecap]

You’re making an assumption there that these companies will drive appreciation, which is far from certain. They are burning cash subsidising AI-usage by their customers and it’s not clear their customers would pay a profit-making price for their services. That, combined with high initial valuations, means it’s likely they will fall in value from here IMO

[Brookgate @brookgatecap]

@PythiaR @BirchCourtCap @RyanKemper10 @angryinvesting Most days I feel like I need quite the opposite!

[Brookgate @brookgatecap]

@PythiaR @BirchCourtCap @RyanKemper10 @angryinvesting I’ve never ever seen a stock pitch using the term ‘52W Low’ on a forward, not trailing, basis lol

[Brookgate @brookgatecap]

@BirchCourtCap @RyanKemper10 @PythiaR @angryinvesting Maybe it’s just a skill issue on my part, would love to be able to look at a stock at ATH and say ‘it’s at the 52W Low actually’

[Brookgate @brookgatecap]

@taobanker why is cement worse than aggregates?

[Brookgate @brookgatecap]

@PythiaR @angryinvesting 🤷‍♂️ ok

[Brookgate @brookgatecap]

@PythiaR @angryinvesting Yeah but you said you could ‘see’ a 52W regularly for every stock which just isn’t true

[Brookgate @brookgatecap]

@PythiaR @angryinvesting No they’re not, because you can’t see into the future, and that’s why a 52W Low must be a backward looking metric.

A stock that goes up in a straight line will be at *a future* 52W low but not at *the* 52W low as we can describe it today

[Brookgate @brookgatecap]

@tleilax___ Can you explain to a newbie why sugar prices aren't rocketing as a result?

[Brookgate @brookgatecap]

@AynRand_is_Dead @venta_belgarum @richyphillips @Fr64551577Peter I don’t know that, because I’ve never seen it. If you could point me to an instance of an MMTer saying that total state expenditure should fall, I’d be grateful