David Claggett

Retired Executive, Sake student. Family, music, golf, curiosity, truth.

[LinksGems @LinksGems]

Back for a week from a visit to Lost Rail and still very much dazzled by the place.

Scott Hoffman’s first solo design is magnificent - I suppose I shouldn’t be so surprised by that, given some of the places he worked for Fazio and Jackson Kahn, but its been a long time since I’ve seen a debut effort anywhere near as good as this.

And on the whole, the club passes the most important test there is: I already can’t wait to go back for another visit. 🔴🛤️🟡

[BuccoCapital Bloke @buccocapital]

Some genuinely amazing businesses have been dead $$ for 5 yrs and might be dead for several more b/c COVID pumped them from all-time highs into an era of structural inflation, fiscal dominance, then AI-driven “can’t disprove a negative” narratives

In other words, price matters

[@amuse @amuse]

https://t.co/5tedBik5II

[Monday Q Info @acaseofthegolf1]

I spoke with @JodyBrothers about when he took over the @EpsonTour he saw a player buying balls in a pro shop. He was determined to make sure it didn't happen again.

@CallawayGolf made it possible.

[Anthony Scaramucci @Scaramucci]

https://t.co/y48uKx3uod

[Council on Foreign Relations @CFR_org]

“When Mark Carney said, ‘The middle powers should get together’—it’s a fantasy. They did that, it’s called Europe,” says Jamie Dimon, chairman and CEO of JPMorganChase. “The GDP of Europe has gone from 90% of America to 70%. And in our view, it will probably continue to erode over time because [of] high taxes.

🔗 Watch the full conversation: https://t.co/uDTOcHyxli

[David Claggett @clags_1]

@terrynewman Dust….

[zerohedge @zerohedge]

Wendy's should convert all restaurants into data centers. Stock will 100x overnight

[Fried Egg Golf @fried_egg_golf]

- Everything you need to know about the sweeping changes made to the PGA Tour schedule

- Takeaways on the new-look system from @BrendanPorath, @AndyTFE, and @JosephLaMagna ⬇️
https://t.co/oc9GSwtXOj

[David Claggett @clags_1]

@lindayaX @BeckersHR Curious: what are the long term side effects?….

[Kevin Carpenter @kejca]

Warren Buffett: "If you run a financial institution that can, in effect, bring down the system unless the federal government steps in, if you get to that point, I think something very bad should happen to you."

"I don't think you should walk away with a lot of money — or even with 10% of your previous net worth. And I think the directors who selected you and let you operate in that manner should have some real downside. I'm not for shooting them, but I want to make it painful for them."

(Charlie Rose Show || 2009)

[David Claggett @clags_1]

@TigerWoods @brianrolapp @TravelersChamp @PGATOUR word shaped air….

[David Claggett @clags_1]

@GolfChannel @PGATOUR it’s not LIV and it’s not the Tour….its SSG….

[MikesMoneyTalks.ca @moneytalkstweet]

Supply Management

Facts Matter: Although dairy operations in Alberta, Saskatchewan, and Manitoba are more than twice as large as those in Quebec, the government restricts milk production in the three western provinces to 16% of total domestic production, whereas Quebec accounts for 37%.
- Macdonald Laurier Institute

[David Claggett @clags_1]

@moneytalkstweet crazy….

[Rudy Havenstein, Senior Markets Commentator. @RudyHavenstein]

Jeff Gundlach on Private Equity, Private Credit, offshore re-insurance, and other menaces to society:

“I’m getting that feeling that I had in 2005, 2006, where I feel like everybody’s lying about everything.”

[John LeFevre @JohnLeFevre]

I went to a prestigious prep school (Choate).

By default, I know way too many people who slid into the USAID grifter circuit.

It’s way worse than you think: nauseating buzzword-filled circle-jerks on Zoom calls, business-class conferences in Zurich, private champagne dinners, and endless layers of outsourcing (each one taking their fat cut) - all on unlimited expense accounts.

Saying 90% of the “aid” disappears into admin, overhead, and fraud is a gross understatement.

And for what?

So these con artists can LARP as humanitarian saviors, feign respectability, and send their kids to private school…

…all on the backs of hardworking American taxpayers.

It's a lifestyle racket. A facade.

And the worst part is that we're all expected to hold these people in high regard.

[QE Infinity @StealthQE4]

This is the death of the Middle Class.

There are signs everywhere.

There’s no way they can service a 9% dividend.

Looks like bankruptcy is straight ahead.

This is frickin Wendy’s people.

[BTG @BowTied_Golfer]

Attended a wedding at Aronimink this past weekend.

Found an all time golf photo and fit from @TrevorImmelman in the final of the 1997 US Junior.

Wearing Jorts for 36 is quite a move. Almost respect it.

[Ray Dalio @RayDalio]

https://t.co/ZNaQtDhoH6