Peter Soltes

In Marketing since 2008, CEO @promiseo_sk since 2010, trading stocks since 2012,

[Josip @l3d1c]

>be senior devops engineer in Germany
>master's degree, 10 years experience, five interview rounds
>72,000€ before tax
>C2 German required
>All team members based in Asia speaking English
>mandatory office attendance to sit on Teams with people at another mandatory office
>"we have a startup mindset"
>company founded in 1894, CEO is the founder's great-grandson
>"we have flat hierarchies"
>eight people can veto your decision, none can approve it
>hired to "drive digital transformation"
>need department head's signature to install Docker
>service account request rejected because "accounts must belong to a person"
>CI/CD pipeline ends with a ticket for Jürgen
>Jürgen on holiday until the 23rd
>AI tools forbidden because Datenschutz
>database password in an encrypted Excel file called Passwörter_final_NEU.xlsx
>root password in Confluence
>on-call every weekend
>company phone listed under benefits
>ask for a raise
>unfortunately the salary band is exhausted
>no budget for a second monitor
>external consultant gets 1,400€ a day to ask you how the code works
>take banana from company fruit basket
>office manager says those are for the upcoming customer visit
>Fachkräftemangel

[Bruno Maçães @MacaesBruno]

Best summary of America I have seen

[doomer @uncledoomer]

the engineers who design these machines for weird random physical tasks in manufacturing are so cool. "hey we need a bottle stander upper machine, can you do it?" "sure thing, itll be a big wheel and we'll slap em. we'll just the slap the shit out of em"

[Rob Wiblin @robertwiblin]

Christ this data is so grim:

"The troubling decline in conscientiousness. A critical life skill is fading out — and especially fast among young adults."

[alex @shitshowdotinfo]

Printing this out and pasting it above every thermostat at work

[Woodrow Oates Montague @sadvalueinvestr]

I’m so fucking done I can’t take this anymore

[Lee Roach @leevalueroach]

Of course that’s your contention. You’re a first-year deep value investor.

You just finished The Intelligent Investor, think net-nets are a cheat code, and you’re tweeting P/B ratios like they’re scripture.

Right now, it’s all about Ben Graham, "margin of safety," "cigar butts," you even printed out a checklist.

Next month, you’ll discover Klarman and start saying things like “risk is not volatility” in casual conversation.

By fall, you’ll hit Greenblatt, run a Magic Formula screen, and convince yourself you’ve reverse-engineered Buffett’s brain.

Next year, you’ll be at an obscure value conference in Omaha, pitching a furniture liquidation business with asbestos liabilities and calling it “unloved but cash rich.”

You’ll use terms like “mispriced optionality” to describe a company that hasn’t turned a profit since 1998.

You haven’t even begun to suffer yet.

You haven’t held a 0.4x book stock that got delisted to the Expert Market and now trades by appointment only.

You haven’t emailed IR five times with no response and still doubled your position out of spite.

You haven’t stared at a balance sheet so long you start dreaming in GAAP.

You think this is about numbers.

It’s not.

It’s about pain tolerance.

Come back when you’ve held garbage for five years, been diluted twice, and still called it a win.

Then we’ll talk deep value.

[chandler @gitphysical]

Ladies and gentlemen I give you AB testing at its finest:

[gaut @0xgaut]

everyone: it’s just a cable

literally everyone: yea it charges things

Apple:

[Min Choi @minchoi]

It's over.

Boston Dynamics' Atlas robot can now be a cameraman.🤯

Pinpoint shots, keeps camera crew safe.

[Klaas @forgebitz]

google is entering its yahoo phase

[ian bremmer @ianbremmer]

last one i promise

[Illia Ponomarenko 🇺🇦 @IAPonomarenko]

"Marine Le Pen condemns the "brutality" of the United States' decision to suspend aid to Ukraine"

I give up trying to navigate this timeline.

https://t.co/ml3k7rJt00

[Peter Soltes @peter_soltes]

Nieco sa v Europe pomaly meni, podnikatelske prostredie nemoze na mile vzdialene za USA a cakat rovnake inovacie ci rast alebo aspon naladu v spolocnosti.

[Mario Nawfal @MarioNawfal]

LVMH CEO BERNARD ARNAULT: FRANCE ALSO NEEDS TO APPOINT SOMEONE TO SLASH BUREAUCRACY

“I've just returned from the USA, as you so kindly noted, and I was able to see the wind of optimism prevailing in that country.

And when you come back to France after spending a few days in the USA, it's a bit of a cold shower, I must say.

You get the impression that in the USA, you're welcomed with open arms, taxes are going to drop to 15%, the workshops you can build in the USA are subsidized in a whole series of states, and the American president encourages this.

The market is growing fast.

Just look at the new boutique Pietro has opened in New York, which is an incredible success.

Frankly, there are 100-meter-long waiting lines.

It's really quite exceptional.

And yet, it's very, very elitist.

So when you come to France and see that we're about to raise taxes by 40% on companies that manufacture in France, it's almost unbelievable.

So we're going to tax Made in France.

If you want to cool down optimism, it's hard to beat that.

It's the ideal way to encourage relocation [of companies to other countries].

We offered other solutions.

Obviously, bureaucracy [prevents that].

To do that, we'd have to do what they do in the U.S., appoint someone to slash the bureaucracy a bit. 

But as soon as you try to do that, you're sued, it's impossible.”

Source: LVMH/Nouvel Obs, January 28, 2025

[Peter Soltes @peter_soltes]

Fico si vybral súpera vyššej vahovej kategórie.

[Volodymyr Zelenskyy / Володимир Зеленський @ZelenskyyUa]

Ok. Come to Kyiv on Friday.

[Peter Soltes @peter_soltes]

Poliaci našich kolaboarntov na výlete do Moskvy nepustili cez svoju krajinu, tak si museli urobiť obchádzku. Asi tak, na 4 svetove strany...

[Peter Soltes @peter_soltes]

@AnnaShirley35 Nemáte v skole office365? Ten má copilot, čo je veľmi podobné a teda by to škola už aj platila.

[Peter Soltes @peter_soltes]

@HanesMiki A Slovensko? :-)

[Peter Soltes @peter_soltes]

Japoncov v Kosiciach nepribudne. Z dealu US Steel - Nippon Steel nebude nic. Sice Japonci slubili investicie, bonusy, ziadali to zamestnanci, starostovia ci miestni odborari -nepresvecili vsak sefa odborov (na obrazku), ktory je blizky hlavne druhemu, neuspesnemu, zaujemcovi o kupu USS - Clevelend Cliffs. Investicie do Kosic su tak este vo vacsom nedohladne. Toto nie je pre Kosice a Slovensko vobec dobra sprava.

https://t.co/uq6obhMjzI

[Scott Bryan @scottygb]

What are the farmers planning?!?!?