ci

[溺心海Xinhai Ni @NIxinhai0]

美团创始人王兴说了一段话，我深有感触：

我们犯了很多错误，交了很多学费才知道了，这个世界没有神话，只有一些很朴素的道理。

便宜的打败贵的，质量好的打败质量差的，认真的打败轻率的，耐心的打败浮躁的，勤奋的打败懒惰的，有信誉的打败没信誉的。

我这一年最大的进步便是学会了客观，学会尊重常识。
客观的看待事物，不再有不切实际的幻想，不会期待什么突飞猛进，一日千里，一鸣惊人。

[Mike Zaccardi, CFA, CMT 🍖 @MikeZaccardi]

Fidelity: Global business cycle in unsynchronized expansion

USA just past mid-cycle peak

[ci @ci36209209]

@bjmtweets rddt is trading at 21x 27 eps?

[Accrued Interest @accrued_int]

I am doing more tactical valuation updates for subscribers. Please see my first - How Much Lower Can AppLovin Fall? (link in bio🔗)

If you own AppLovin shares and want to know how much further it can fall OR if you are thinking of buying for the first time - let’s talk valuation. $APP

[ci @ci36209209]

@TradingDeskTy 1.24 roas seems very low? Why this is good

[Koda @wadezone]

美团创始人 王兴说了一段话，我深有感触

我们犯了很多错误，交了很多学费才知道了，这个世界没有神话，只有一些很朴素的道理：
便宜的打败贵的，质量好的打败质量差的，认真的打败轻率的，耐心的打败浮躁的，勤奋的打败懒惰的，有信誉的打败没信誉的.”

我这一年最大的进步便是学会了客观，学会尊重常识。
客观地看待事物，不再有不切实际的幻想，不会期待什么突飞猛进、一日千里、一鸣惊人

[Neel Somani @neelsomani]

I'm a former Citadel quant who covered power & gas.

There's constant talk about chips & memory, but power is the central bottleneck for AI.

Very few people understand it, so I'm posting a canonical primer on power pricing & data centers: https://t.co/LO5ovj2imA

[Drew Cohen @DrewCohenMoney]

https://t.co/y6Unh66Iwq

[投机实验室 @LabSpeculation]

日本股神老爸 太将，年轻时用打工存下的50万日元开始做交易，目前的资产已经达到了80亿。

按现在的汇率，相当于把约2.4万人民币，做到了3.3亿。

不幸的是，前两年他确诊了癌症，医生说他可能时日无多了。

于是他决定，把自己20多年总结的选股和卖出方法写成一本书，留给两个女儿。

太将主要在行业低谷里寻找还能撑到复苏的公司，等经营数字转向后买入，股价提前反映未来利润时卖出。

[Koyfin @KoyfinCharts]

In 2016, Morgan Stanley published a paper titled "The Equity Compounders".

"These compounders have generated superior risk-adjusted returns across the economic cycle".

🧵 Highlights from the paper:

[ci @ci36209209]

@AlexMoonvestCN 虚假的profit

[ci @ci36209209]

@Futurenvesting @aveer30 Well Hood’s gaap gross profit is 1/3 of block?

[ci @ci36209209]

@BillAckman Who cares.

[ci @ci36209209]

@davidrisher @Mobileye @lyft @Marubeni_Corp do you have the legal permit to test out av in dallas?

[ci @ci36209209]

@GerberKawasaki Trust them better than putting money in your fund

[Caitlin Johnstone @caitoz]

Xiaohongshu and then DeepSeek have had an unusual volume of westerners speaking positively about China for the last couple of weeks, which of course means we're also seeing many westerners falling all over themselves to say "Well actually China is actually quite bad actually" in response.

Western liberals who fancy themselves enlightened and critical of power tend to get very squirmy and uncomfortable in their skin when they hear people saying positive things about the PRC, and love nothing more than to tell you that China is just as evil and tyrannical as the western power alliance, if not worse.

This is objectively, measurably false. China hasn't spent the 21st century killing people by the millions in wars of aggression. China isn't circling the planet with hundreds of military bases while working to destroy any nation or group anywhere in the world who disobeys it. China isn't strangling nations around the world with starvation sanctions for refusing to bow to its dictates. China didn't just spend 15 months lighting the middle east on fire and backing a live-streamed genocide. China hasn't spent the last three years endangering the world in frequently terrifying acts of nuclear brinkmanship with a rival nuclear superpower. Only the US-centralized empire has done this.

Whenever I point this out I get empire apologists going "Well yeah, SO FAR! We haven't seen China doing all that evil foreign policy shit YET because they're still not powerful enough!" Which is just silly. China absolutely is powerful enough to be a whole lot more abusive and murderous abroad, and it simply isn't. Westerners love to claim that China has secret agendas to conquer the world someday (hilariously implying that these hypothetical future abuses make China morally comparable to the US empire's current known abuses), but if you actually dig into the evidence for these claims what you'll find every time is that all they provide evidence for is China's openly stated goal of a multi-polar world that isn't ruled by Washington.

Our ancestors set sail to conquer the world; their ancestors built a wall. This notion that China has an interest in ruling over a bunch of white foreigners has as much rational basis as old racist superstitions that black and brown people wanted equal rights so that they could come and steal white men's wives and have sex with their daughters.

They're just a better civilization than ours — not because theirs is miraculous or perfect, but because ours is just that murderous and dystopian. They simply do the normal thing while we do the freakish thing: they make the lives of their citizens better and better and avoid unnecessary wars, while western governments make the lives of their citizens worse and worse while plunging into new acts of mass military slaughter every few years.

Any criticisms you could level at China — that their domestic policy is more authoritarian than ours, that their culture is more conservative, etc — are eclipsed in moral terms by the depravity of our own western governments by many orders of magnitude. And why would you even level such criticisms while living under the single most bloodthirsty and tyrannical power structure on earth? That would be like a German living under the Third Reich looking overseas and bitching about Brazil.

I find nothing more pathetic than a westerner who lives under the shadow of the US empire spending their time and energy criticizing the abuses of nations who lie outside that power structure. It's an embarrassing, bootlicking way to live. Focus on criticizing the far greater abuses of the far greater evil that you actually live under, loser.

[ci @ci36209209]

@I_loves_deep_nn They are open sourcing it so everyone can use, while u are busy tracing it… what a narrow mindset

[ci @ci36209209]

@davidrisher @lyft Can you pls publish this data? Important for investors

[ci @ci36209209]

@davidrisher @lyft Why are you keep destroying shareholder value?

[ci @ci36209209]

@tomangell Appreciate the note. When do you think rescheduling will happen?