@Greenbackd How much of this is because of the timing disconnect from the AI capex boom? $700b gets spent, capitalized, not depreciated for 6-12 ? mos while it's under construction > but $700b hits revenue and earnings (at inflated prices/margins due to temp shortages) - all of it?
@ThomasStapp1@orrdavid the -50% move in this since last apr (liberation day bottom) is even bigger than the post covid (march '20 > 1y later was -40% on this during that melt up)... interesting calibration point..
“In my youth I made it a rule not to drink a drop of alcohol before lunch. Now that I am no longer young, I keep to the rule of not drinking a drop before breakfast.”
Winston Churchill was the only British Prime Minister ever awarded the Nobel Prize in Literature. Reading him, you realize that to be a brilliant writer you don’t need to write long books — and to be a true philosopher, you don’t either.
Here are some of his quotes:
One. If you’re going through hell — keep going.
Two. You have enemies? Good. That means you’ve stood up for something in your life.
Three. Every crisis is a new opportunity.
Four. A smart person doesn’t make all the mistakes himself — he gives others a chance too.
Five. The best argument against democracy is a five-minute conversation with the average voter.
Six. Success is the ability to go from one failure to another without losing enthusiasm.
Seven. A kite rises highest against the wind, not with it.
Eight. A man who never changes his mind is a fool.
Nine. When eagles are silent, parrots begin to chatter.
Ten. Power is a drug. Anyone who has tried it even once is poisoned by it forever.
Eleven. Do not wish for health and wealth — wish for luck. On the Titanic, everyone was rich and healthy, but only a few were lucky.
Twelve. A lie travels halfway around the world before the truth has a chance to get its pants on.
Thirteen. Politics is almost as exciting as war, and quite as dangerous. In war, you can only be killed once — in politics, many times.
Fourteen. My tastes are simple. I am easily satisfied with the best.
Fifteen. If you want to have the last word in an argument, tell your opponent: “You may be right.”
Sixteen. The greatest advantage comes to those who make their mistakes early enough to learn from them.
Seventeen. People are very good at keeping secrets they do not know.
Eighteen. War is when innocent people die for the interests of others.
Nineteen. The greatest lesson in life is that even fools are sometimes right.
Twenty. It is far better to bribe a person than to kill him — and far better to be bribed than killed.
Twenty-one. It is easier to rule a nation than to raise four children.
Twenty-two. We live in an age of great events and small men.
Twenty-three. Nothing earns authority like calmness.
Twenty-four. The best way to ruin a relationship is to start trying to “sort it out.”
Twenty-five. When two people fight, the third one wins.
Twenty-six. If you kill a murderer, the number of murderers does not change.
Twenty-seven. A pessimist sees difficulty in every opportunity; an optimist sees opportunity in every difficulty.
Twenty-eight. You will never reach your destination if you stop to throw stones at every barking dog.
Twenty-nine. A nation that forgets its past loses its future.
Once, during a speech, Churchill was asked:
— Isn’t it pleasing to know that every time you give a speech, the hall is packed?
He replied:
— It is, very much so. But every time I see a full hall, I cannot help thinking that if I were not giving a speech but being led to the gallows, the crowd would be twice as large.
@TheShortBear so if this logic is true then the price goes to infinity? They presumably can't tap the ATM until after earnings released (would think they'd want to get earnings 8k out asap to tap it at these prices??).
@orrdavid seems to be tied with GME for peak market cap $ ($30b) of crazy short nonsense... obviously going to turn at some point but... what gives clues to when that happens (today's -20% intraday move seems it's getting on shaky ground now?)