Marc Pearson

[Marc Pearson @pearsonyha]

@tclaugus2 I agree with you. Our boys at $DAR are going to have a ripper of a comeback next year. Check out their 3Q call.

[Marc Pearson @pearsonyha]

@UpslopeCapital Haven’t listened to that one but Invest Like the Best one had similar commentary about markets. More interesting part was his take higher interest rates (to a point) are actually stimulative to consumers given their net balance sheets and mostly fixed debt. Said a year ago.

[Marc Pearson @pearsonyha]

@bucketshopcap The goal isn’t to make the most and most safe money. It’s to be your best.

[Marc Pearson @pearsonyha]

@bucketshopcap agree it is harder but it is better intellectual pursuit. I did it but when I was young through b school transition. Ultimately you are right as I had to start my own firm vs stay forever in large sm firm but if you can make transition around 30 you can learn and start your own

[Marc Pearson @pearsonyha]

@RobertMSterling @BillAckman As a guy that personally does autistically meticulous research to short stocks I can’t help but point out he doesn’t short stocks anymore but your point remains.

[Marc Pearson @pearsonyha]

@NorwoodBob Reading James Clear quotes :)

[Marc Pearson @pearsonyha]

@RambleCiz @Zero2Crow @DoubleDumas @JunkScience It was moved closer to water to be on shoreline in 1921 from 1880 location which was not it's original location. it's current location is closer than it's 1880 location and is over 100 years old. This is all complicated. Many areas of world have receding water, not increasing.

[Marc Pearson @pearsonyha]

@qcapital2020 The underated part of this is that he chose an arbitrary point in time in which Buffett still managed his fund and this was just one of the investments. It was misleading and dishonest from the start. He is comparing his return to a textile mill for most of those years.

[Marc Pearson @pearsonyha]

Phew! Banking crisis is transitory, Fed can raise rates.

[Marc Pearson @pearsonyha]

@patrick_oshag Cool thread. Lots of good ones here. Someone needs to say Petra monastery so will add, loved it. Setting of Hallstatt and Lake Bled are amazing. Favorite was climb to top of one of temples of Tikal and sun rise view. So many. Amazing how much effort dedicated to these places.

[Marc Pearson @pearsonyha]

@commbankerguy ..Second, by looking at unrealized losses among HTM securities, but not doing the same for traditional banks’ loan portfolios, the analysis penalizes firms like Schwab that in fact have a higher quality, more liquid, and more transparent balance sheet."

[Marc Pearson @pearsonyha]

@commbankerguy "Focusing attention on unrealized losses within HTM has two logical flaws. First, those securities will mature at par, and given our significant access to other sources of liquidity there is very little chance that we’d need to sell them prior to maturity (as the name implies)..

[Marc Pearson @pearsonyha]

@SirBaby6 And the advance rate is fixed so they could end up pledging collateral yielding 2%, draw at 5%, and if they end up having to cut rates the banks would be locked into higher rate financing. Double whammy of getting interest rate timing wrong.

[Marc Pearson @pearsonyha]

@MadThunderdome @johnlouisxiv Dude you need to prune your followers

[Marc Pearson @pearsonyha]

@commbankerguy Just did a rough run through a number of bank 10-Ks. Lots do not have the EVE in them this year.

[Marc Pearson @pearsonyha]

@dontflytoohigh @commbankerguy Loans are assets, they are capital

[Marc Pearson @pearsonyha]

@commbankerguy That model assumes no change in deposit flows though right? I think that is misleading. Raises interest rate on earning assets and not on funding liabilities.

[Marc Pearson @pearsonyha]

Some dude working through the night at the FDIC flipped out when he saw his phone go from 1:59AM to 3AM. "I thought I had more time!!!"