Joe Bassett

Renegade Capital

[🏴‍☠️ @calvinfroedge]

The worst money manager in America is buying Google and you're bullish

$googl

[Joe Bassett @studtrader1]

Nothing like running a $70B buyback and issuing $80B of new shares in the same year.

Glorious!

[🏴‍☠️ @calvinfroedge]

Issuing capital at nosebleed valuations ironically won't be the competitive advantage that people think

Because again, they're all spending money to chase the same business model

Which means they will fight each other on margin

It's like mighty empires in a nuclear war

[Joe Bassett @studtrader1]

Proper effort brother!

That belly was rockin before

[THE GREEK TRADER 🇬🇷 @GreekTrader777]

Update: still going hard 6 days a week! 6 more weeks to Greece and Italy so lady's be ready! I have never felt better in my life. All about diet mainly then cardio and lifting. Feels sooo good! all 100% natural! people who know me know I wont even take advil if I have pain. 👊

[Joe Bassett @studtrader1]

I love everything about this tweet

[Silicon Salvage @SiliconSalvage]

I told a guy at a barbecue last weekend that I had been buying busted small-cap software stocks at 4x free cash flow, and he looked at me with the specific facial expression of a man who has just realized he is trapped in a conversation with someone who voluntarily reads 10-Ks on vacation. He asked, with great gentleness, if I had considered Nvidia. I said I had considered Nvidia in the way one considers jumping off a bridge: briefly, theoretically, and with a clear understanding of the outcome.

I told him I owned a company that sells dental practice management software to 11,000 orthodontists and that the CEO, a 64-year-old man named Greg who has not updated his LinkedIn since 2017, was, in my professional opinion, the single greatest capital allocator alive in North America today, and that I would, if legally permitted, have Greg’s name tattooed on my forearm.

He asked if Greg knew this. I said Greg did not know I existed, and that this was the foundation of our relationship and the source of its strength. He excused himself to go check on his children, who, I observed, were not present at the barbecue. I stood by the grill alone for the next 40 minutes, eating directly from a bag of buns, thinking about Greg, who at that exact moment was, somewhere in suburban Indianapolis, almost certainly buying back stock at prices that will, in 2031, be regarded as the single greatest gift any small-cap CEO has ever given his shareholders, and the host’s wife came over and asked, with palpable concern, if I needed a ride home, and I said no, I needed nothing, I had Greg, and Greg was enough, and I have not been invited back to that house, and I do not care, because Greg loves me even though Greg does not know I am alive, and the math, as it has always been in every great deep value trade in history, is the only thing in this country that has not lied to me.

[Joe Bassett @studtrader1]

🤣 booking his charitable donations at revenue and catching the personal tax break on the back end.

[Kashyap Sriram @kashyap286]

The $NVDA $CRWV incest is reaching new extremes.

Giving it away for free is one way to drive sales, especially when "free" comes with a $108.3 million tax write-off.

[CatGPT 🐈 🤖 🤖 🤖 @loggyrhythm]

Twitter, please stop switching me to “FOR YOU” from “FOLLOWING”

@elonmusk

[Gavin @GavMcCracken]

Governments engage in nonstop theft globally. Until you realize the system is built to steal from you, you will be a pooron.

[ALX 🇺🇸 @alx]

Turns out it’s hard to sell influence without influence

[Joe Bassett @studtrader1]

I might debate Alfa Romeo as a luxury vehicle

[Secretary Brooke Rollins @SecRollins]

In just ONE state, 14,000 individuals receiving SNAP benefits were driving LUXURY VEHICLES!

🚗 3 Bentleys
🚗 3 Ferraris
🚗 11 Lamborghinis
🚗 59 Maseratis
🚗 141 Porsches
🚗 244 Alfa Romeos
🚗 306 Land Rovers
🚗 2,098 Teslas

And this is just in ONE STATE. We need to defend our nutrition programs for those most in need, not for scammers gaming the system.

These individuals are taking advantage of the American taxpayer. And together with @VP’s Task Force to Eliminate Fraud, this ends NOW.

4.3M Americans have been moved off of SNAP — but more work to be done!

[Secretary Brooke Rollins @SecRollins]

In just ONE state, 14,000 individuals receiving SNAP benefits were driving LUXURY VEHICLES!

🚗 3 Bentleys
🚗 3 Ferraris
🚗 11 Lamborghinis
🚗 59 Maseratis
🚗 141 Porsches
🚗 244 Alfa Romeos
🚗 306 Land Rovers
🚗 2,098 Teslas

And this is just in ONE STATE. We need to defend our nutrition programs for those most in need, not for scammers gaming the system.

These individuals are taking advantage of the American taxpayer. And together with @VP’s Task Force to Eliminate Fraud, this ends NOW.

4.3M Americans have been moved off of SNAP — but more work to be done!

[Joe Bassett @studtrader1]

Preach brother!

[Geiger Capital @Geiger_Capital]

A country is not it’s land.
A country is simply it’s people.

Is Japan the way it is because of the soil?
Is Haiti the way it is because of the soil?

If you picked up all of the Haitians from Haiti and dropped them onto the island of Japan, would the magic soil there change them?

If you picked up all of the Japanese from Japan and dropped them onto the island of Haiti, would the magic soil there change them?

No.

The island of Japan would become Haiti.
The island of Haiti would become Japan.

There is no magic soil.
A nation is simply it’s people.

[Joe Bassett @studtrader1]

@chamath I believe all of this except Stephen Colbert being +10

Not a fuk

[Joe Bassett @studtrader1]

@hkuppy 😂😂😂

[Joe Bassett @studtrader1]

“Melting away faster than morals at a bachelors party”

I’m stealing that line! Great article too

[Louis-Vincent Gave @gave_vincent]

The financial architecture of the post WW2 world rested on three assumptions:

- US is a benevolent hegemon with an embedded interest in maintaining global trading order
- US controls the world’s sea lanes
- US treasuries could always be transformed into commodities at a moment’s notice

These assumptions are melting away faster than morals at a bachelor party.

So how do we now position portfolios?

I wrote the following last weekend and a number of clients asked me to unlock it, so here is the paper

https://t.co/PpxYN0UswZ

[Joe Bassett @studtrader1]

Trading at 5x forward P/E

[The Long View @HayekAndKeynes]

Micron now has margins higher than NVDA.

They were 80% over the last quarter

[Joe Bassett @studtrader1]

$9.6B seems like nothing

[Bespoke @bespokeinvest]

Goldman says Thursday saw the most selling from long only investors across their trading floor since they began tracking it in 2022. Contrarian or not?

[Joe Bassett @studtrader1]

Death, Taxes, & TACO

[Joe Bassett @studtrader1]

If you know the movie and know markets, this is hilarious

[peepeepoopoo @DeepDishEnjoyer]

buy the dip again. buy the dip again, i dare you, i double dare you motherfucker, buy the dip again one more goddamn time!

[Joe Bassett @studtrader1]

💯👇

[🏴‍☠️ @calvinfroedge]

Dubai being attacked is disastrous for the perception of Dubai as a safe haven

[jim iuorio @jimiuorio]

I have no opinion on the situation in Iran. I don’t know what’s true and what isn’t. The only thing I know for certain is the same people who demanded we get more involved in support of the Ukrainian people are saying we have no business supporting the Iranian people.