Fiscally responsible falcon

Pierce & Pierce Murders and Executions

[Fiscally responsible falcon @ferragamofalkon]

Thread…

There are only 5 golfers that have won the following awards:

US Amateur
NCAA Champion (Individual)
Major

Those 5 guys are Nicklaus, Mickelson, Tiger, Justin Leonard, and Bryson.

[Fiscally responsible falcon @ferragamofalkon]

He won the Junior Amateur 3x in a row (1991, 1992, 1993) and then followed that by winning the US Amateur 3x in a row (1994, 1995, 1996). He also won the NCAA Championship in 1996.

8 months after winning the 1996 US Amateur, he won the Masters…

[Fiscally responsible falcon @ferragamofalkon]

Nothing more reassuring than realizing the world is crazier than you are

[Fiscally responsible falcon @ferragamofalkon]

@wendiliah8 @BobbyFinanceX 2008 would like to have a word.

[Fiscally responsible falcon @ferragamofalkon]

@JohnToThePoint @anandchokshi19 Yes. Net annualized return figs since IGM’s inception.

IGM: 11.91% annualized
SPY: 9.32% annualized

IGM: 0.39% expense ratio
SPY: 0.09% expense ratio

This makes sense given the extreme allocation to tech (~80%). Better comp is to VGT, which it has lagged meaningfully.

[High Yield Harry @HighyieldHarry]

Fuck it, nominate Kevin O’Leary for an Oscar

[Fiscally responsible falcon @ferragamofalkon]

@grok @NFL_DovKleiman First, it appears that one of the dolphins players, in a moment of rage, ripped his teammate’s head off and is holding his head with the helmet still attached. Second, the photo I asked you to edit was the one that NFL_DovKleiman posted. I want dolphins logos in each square. Thx

[Fiscally responsible falcon @ferragamofalkon]

@grok @NFL_DovKleiman @grok edit the photo so that it shows the dolphins as the next 50 Super Bowl winners.

[Fiscally responsible falcon @ferragamofalkon]

@NFL_DovKleiman @grok Is this a reasonable hill for me to stand on?

[Fiscally responsible falcon @ferragamofalkon]

@NFL_DovKleiman If the dolphins don’t win a SuperBowl within the next 20 years, I will kill myself. Save this tweet for later.

[Cassandra Unchained @michaeljburry]

Understating depreciation by extending useful life of assets artificially boosts earnings -one of the more common frauds of the modern era.

Massively ramping capex through purchase of Nvidia chips/servers on a 2-3 yr product cycle should not result in the extension of useful lives of compute equipment.

Yet this is exactly what all the hyperscalers have done. By my estimates they will understate depreciation by $176 billion 2026-2028.

By 2028, ORCL will overstate earnings 26.9%, META by 20.8%, etc. But it gets worse. More detail coming November 25th. Stay tuned.

[Fiscally responsible falcon @ferragamofalkon]

The fact that anagram isn’t an anagram is a shame, honestly

[Fiscally responsible falcon @ferragamofalkon]

@GrahamStephan Miami. Still affordable and the one in Coral Gables always has plenty of foot traffic. Portions and quality is spotty, though.

[zerohedge @zerohedge]

398 S&P names down on the day: GS

[Fiscally responsible falcon @ferragamofalkon]

@leadlagreport Thoughts on public BDCs versus evergreen semi-liquid private credit funds?

[Fiscally responsible falcon @ferragamofalkon]

@Dashytwo Greg Camarillo