Buried Value

Value Investor, all tweets are my opinions. Invest at your own risk

[Peter Schiff @PeterSchiff]

Trump wants to impose an unconstitutional one-year 10% cap on credit-card interest rates. This is the same kind of socialist price control he criticized Harris for proposing on groceries. It will force lenders to cut credit limits and close accounts for higher-risk borrowers.

[Brian Krassenstein @krassenstein]

BREAKING: Trump announces a one year cap on Credit Card Interest Rates of 10%.

FACT CHECK: Trump has no authority to do this. It would take an act of Congress.

ALSO Millions WOULD lose access to credit. Credit cards price in risk.

At 10%, banks would stop lending to:
- Lower-income borrowers
- People with imperfect credit
- Young people and first-time borrowers

The people it claims to help would likely be hurt most

[Bill Ackman @BillAckman]

I think President @realDonaldTrump’s goal of reducing credit card interest rates is a worthy and important one. My concern about capping rates at 10% is that doing so will inevitably cause millions of Americans to have their cards cancelled as credit card companies lose the ability to adequately price subprime credit risk.

Consumers denied credit cards will be forced to turn to loan sharks whose rates and terms will be vastly worse for borrowers. While 20% or more is a high rate, loan sharks can charge multiples of these rates, and the cost of default can be physical harm or worse.

I have no investments in the credit card space so I am not the expert, but the market for credit cards appears highly competitive. The best way to bring down rates would be to make it more competitive by making the regulatory regime more conducive to new entrants and new technologies.

I commend the President for his focus on affordability for all Americans. Mortgage spreads and rates are coming down significantly due it his actions. Finding a way to bring down credit card rates without taking credit away from many Americans would have a very positive impact on the most disadvantaged Americans.

[Chris Perruna @cperruna]

This, with regards to credit cards...

$V $MA

Remember, the banks on the cards set the rates and hold the bag, not Visa and Mastercard! Visa and Mastercard make their money on the transaction fee, regardless of interest rates.

[Buried Value @Buried_Value]

Don’t worry, it’s “transitory”

[zerohedge @zerohedge]

PPI 0.9% MoM, Exp. 0.2%
PPI 3.3% YoY, Exp. 2.5%

PPI Core 0.9% MoM, Exp. 0.2%
PPI Core 3.7% YoY, Exp. 3.0%

[jim iuorio @jimiuorio]

Kroger currently has a profit margin of 1.43%. This is BELOW their average over the last 24 years…if they are, in fact, “price gouging” they are comically bad at it…

[Buried Value @Buried_Value]

@carlquintanilla George Clooney sold Casamigos to Diageo for $1 billion a few years ago. It’s odd, he didn’t have an issue with a large conglomerate buying his company…

[New York Post @nypost]

Austin ‘at the brink of disaster’ as police staffing shortages set city back over 15 years: ‘Policies epically failed’ https://t.co/bGrnPQZ5Hs

[Buried Value @Buried_Value]

@NeckarValue -Albuquerque (La Luz Trail - its high elevation and tough but great)
- Santa Fe (Picacho peak)
- Durango (Ice lakes trail)
- Boulder (Flat irons)

[Joe Lonsdale @JTLonsdale]

An important primary is coming up in Austin, TX: we have a radical Soros DA who hasn’t indicted 1000s of crimes and is terrible (see below too), against a moderate-left candidate.

US cities don’t need to be dangerous!

Austinites, don’t forget to vote.

https://t.co/5SFCFSZgtM

[Buried Value @Buried_Value]

@buccocapital Travis Swift 😂

[Buried Value @Buried_Value]

I got a lot of pushback on this. I felt pretty much on an island 18 months ago buying big into $META but it worked out. 💪

[Buried Value @Buried_Value]

New CFO at $META just kitchen sinked the Q3 guide. They are blaming the macro and sound like they are seeing very different data than $GOOGL is. I’m thinking this is a kitchen sink and at a 13x earnings it’s a good risk/reward. Zuckerberg sounds really bullish.

[Buried Value @Buried_Value]

https://t.co/DRNiQfarT4

[Sharad Dubey @Sharad9Dubey]

My iPhone has turned slow and even slow charging down since last two weeks.

Sept 12 is iPhone 15 launch date.

Anybody else having this problem?

[Buried Value @Buried_Value]

Well, it’s that time of year. Apple has announced the date of the next iPhone and now they are slowing the performance of all previous iPhones and draining the batteries to boost sales of the new phone . I will add to this thread examples of people who are noticing the same thing

[Buried Value @Buried_Value]

https://t.co/V0pD3U2SK7

[Amiey Laureen x @amieylaureenx]

Can’t wait for my iPhone to randomly be really slow and have an awful battery life with the new iPhone coming out 😒😒😒😒😒