Beverley100

[Mark Carney @MarkJCarney]

LIVE: from the World Economic Forum • EN DIRECT : au Forum économique mondial https://t.co/fcNf3WUYbf

[Steve Burns @SJosephBurns]

“Recognize reality even when you don't like it—especially when you don't like it.”

— Charlie Munger

[Beverley100 @JP18064]

@michaelxpettis If you find yourself in a hole, stop digging. Unfortunately, the leaders are too afraid of the consequences.

[The Transcript @TheTranscript_]

Seth Klarman: "Buffett’s imminent retirement at the age of 95 is a moment to reflect on the qualities that have made him the most successful investor of all time. These qualities—relentless curiosity, analytical consistency, focused effort, and humility, along with high integrity, a personality unchanged by wealth or success, and a sunny optimism about the United States—have made him an American role model"

https://t.co/oyVRUrsGTG

[Beverley100 @JP18064]

Pricing strategy difference

$Wise - Cost plus model with 40 - 50% contribution margin

$Rely - Intelligent pricing decisions powered by elasticity insights

[Beverley100 @JP18064]

$WISE platform
https://t.co/3LpqZPkpma

[Beverley100 @JP18064]

@JShamess @primobasement One correction is the cost are paid by home buyers. Developers not only didn’t paid for DC, they also profited by adding markup on top of the DC. Another point is, if DC is a form of taxation. Is it fair to have previous buyers pay but not the new buyers?

[Beverley100 @JP18064]

@jevgenijs The major roadblock is the tired 1 banks don’t want to give up billions of hidden FX markups revenue (rip their clients face off without them knowing it). The SWIFT is reacting because banks are losing more and more customers who find out the hidden fees.

[Beverley100 @JP18064]

"It's not whether you're right or wrong that's important, but how much money you make when you're right and how much you lose when you're wrong."

— George Soros

[Beverley100 @JP18064]

@BenRabidoux @HanifBayat Government policies are dictated by voters who have vested interests in limiting housing supply.

[Beverley100 @JP18064]

@KairosPraxis @mario_cibelli Remitly hides its fee in FX markup. Some customers reports that Remitly's fees are different on the same transfers initiated using different accounts. The fact is that most customers are not aware of the hidden fee.

[Beverley100 @JP18064]

@FriendlyCapMgmt 😂

[Beverley100 @JP18064]

@michaelxpettis Very insightful as always. Thanks for sharing.

[Investment Wisdom @InvestingCanons]

Charlie Munger:

“A wonderful life lesson for you...There's a whole lot of things that aren't going to work for you...Avoid the crooks, crazies, egomaniacs, people full of resentment, people full of self-pity, and people who feel like victims...Avoid them like the plague.”

[Nithin Kamath @Nithin0dha]

"Druckenmiller: What I actually learned is that position sizing is probably 70 to 80 per cent of the equation. It's not just about being right or wrong, it's about how much you make when you're right."

[Beverley100 @JP18064]

@JohnPasalis @grok fact check if cities like New York, Berlin and Copenhagen, developers build first then sell?

[Beverley100 @JP18064]

@michaelxpettis The central government understand that. But China is in recession which needs strong stimulation to revive the economy.

[Beverley100 @JP18064]

@BenRabidoux What's the typical ROIC on rental projects in GTA?

[Beverley100 @JP18064]

@danielfoch @ribeirda It's true. All major cities in China have built extensive subway lines since 2010. Only a few of them are profitable.