When sci-fi and valuation fiction intersect, consider THE TWO RULES OF INVESTING:
Rule # 1: Never lose money.
Rule # 2: Never forget to not pay 125 times SALES on the first trading day for the most overhyped, overpromoted, overvalued, capital-intensive, largest IPO ever.
It was marketed and structured to open today much higher than yesterday’s insane $135/share, $1.8 trillion offering price. At the end of the day, price matters.
Ben Graham said it best: “The distinction between investment and speculation in common stocks has always been a useful one and its disappearance is a cause for concern.”
🗣️ "I've been saying for 10 years, I don't like co-ownership, I don't like A/B teams"
McLaren CEO Zak Brown speaks out after Mercedes confirmed they are looking to buy a stake in Alpine.
Yet another phenomenal article by @SpencerGuard. This one covers Operation Midnight Hammer in the early hours of this morning in Iran.
Another must read from one of the best on X🔥
@hollandlively@AmericanAir We have. Nothing. The plane we were supposed to take arrived this morning at 7:20 from another airport. How could this plane possibly have “mechanical issues”. This is insane. So many flights are operational and departing. Why not us. We need more answers.
Someone forced an AI with the intelligence of a starfish to teach itself how to play golf.
Only three conditions:
- Incentive for generating power
- Incentive for swinging club on plane
- Disincentive for moving club off plane
Here’s the golf swing technique it cooked up 🤣
From the outside looking in… this game is easy. But in reality it’s the worst game of all. We are very fortunate to get what we do from this game but over the last 24 hours it’s hit me. We do it for not only ourselves but for our family, friends and fans. What Rory has gone through is as tough as it gets in our game but I would like to encourage people if anything please be kind ☘️
🏡 RIGGS EXPERIENCE GIVEAWAY 🏡
One winner and their friend will get a FREE round trip to Pinehurst for 2 nights & 2 rounds of golf, PLUS fully scripted travel outfits from @PeterMillar.
5 other winners will be selected to receive scripting golf outfits from Peter Millar & a Barstool Prize Pack.
To enter:
-Follow @petermillar & @foreplaypod
-Retweet
-Tag the friend you’d bring to Pinehurst
Scottie Scheffler worldwide since Jan. 1, 2022 (does not include team events).
• 51 starts
• 9 wins
• 3 missed cuts
• 34 top 10s
• 22 top 3s (!!)
• 5 major top 10s
• 123 rounds in the 60s
• 540 under par
• $46.3M earned
Find you someone as loyal as Kylie Kelce.
Jason’s wife, a Philadelphia native, refused to wear Kansas City Chiefs apparel to Super Bowl 58 — instead opting for University of Cincinnati gear (the Kelce brothers’ alma mater). 🐾
It’s been a crazy few days which have been filled with a whole range of emotions.
But as you all now know, after an incredible 11 years at Mercedes-AMG PETRONAS F1 Team, the time has come for me to start a new chapter in my life and I will be joining Scuderia Ferrari in 2025.
I feel incredibly fortunate, after achieving things with Mercedes that I could only have dreamed of as a kid, that I now have the chance to fulfil another childhood dream. Driving in Ferrari red.
Mercedes has been a huge part of my life since I was 13 years old, so this decision has been the hardest I’ve ever had to make. I’m incredibly proud of all that we’ve achieved together and I’m very grateful for the hard work and dedication of everyone I have worked with over the years and of course Toto, for his friendship, guidance and leadership. Together we have won titles, broken records and become the most successful Driver-Team partnership in F1 history. And of course I cannot forget Niki who was a huge supporter and who I still miss everyday.
I must also share my huge appreciation to the whole of the Mercedes-Benz board and everyone at the company in Germany and around the world for supporting me over these 26 years.
But the time is right to make a change and take on a new challenge. I still remember the feeling of taking a leap of faith into the unknown when I first joined Mercedes in 2013. I know some people didn’t understand it at the time but I was right to make the move then and it's the feeling I have again now. I’m excited to see what I can bring to this new opportunity and what we can do together.
However, right now, I’m not thinking about 2025. My focus is on the upcoming season and getting back out on track with Mercedes. I am more driven than ever, I am fitter and more focussed than than ever and I want to help Mercedes win once again. I am 100% committed to the job I need to do and determined to end my partnership with the team on a high.
Thank you to all of you who have been on this journey with me, you have all lifted me up as I chase my dreams and I hope I can continue to make you proud. As always, sending you my love and positive energy.