Jurgis

I checked @Fido and they don't show any Cimpress bonds available. Just FYI.

You guys are really fucked in US if this is the typical attitude of a non Trump supporter. Start a civil war, already. Just in case it needs to be said: Do not put household disinfectants into your body ;D Don't listen to LC. He's a liberal who's trying to confuse you with facts. Listen only to Herr Presidente. Make America Bleached Again!

My opinion about the article is similar to yours.

All Trump supporters please start injecting bleach intravenously asap, kk thx OK. Your sacrifice is appreciated. We will remember you fondly.

Yes, I see it now: intravenous bleach infusion, bombardment with UV rays, gamma rays, etc etc and patients will be straight up cured! Perhaps Donnie could personally demonstrate how this works for all of us. I've heard bleach infusion and gamma radiation makes the orange skin color even more beautiful. It would be a win win demonstration! I'm fine if he volunteers Mikey for it too.

that all sounds nice. but now rewrite what you wrote, but change SHOP to AMZN and pretend it's 1998. amazon used to trade at what? 40x sales in the 90s? That turned out ok. and back then it was "just a bookstore". it was ONLY collecting a small fee on each sale of...a book. how quaint! They used their customer base to expand into other businesses, something SHOP could potentially do. I'm not even advocating for SHOP, but your analysis is way too simplistic. I am not advocating for SHOP as well, but Scott McNealy set up a rather straw-man argument. A company trading at 10x revenues might be trading at 20 P/E if it has 50% margin or 25 P/E if it has 40% margin. Plus saying "10x revenues" does not account for growth at all. If company has 50% growth, it would be trading 4.4x revenues in 2 years assuming no price change, which could be 15PE with ~30% margin.

Agreed, times have changed, but they have also made a national energy policy more of a necessity than it has ever been. Lack of money, has a wonderful way of concentrating the minds of everyone, Like it or not, there will be climate driven constraints, but it can be done intelligently (ie: orphan well clean-up) The Supreme Court has ruled there is 'duty to consult', not a 'duty to agree'. A sick community cannot veto a pipeline, because it cannot make a decision. The obvious industry 'consultors', are the governments of the day, under a national energy policy. There will be quasi-privatization. Crown corporation in-ground SPR, pipeline company, oil company, rail (oil/grain car) fleet, tanker (nfld) fleet, supply-chain (medical, food) infrastructure, etc. Most likely as oiligarch, crown corp and 1-2 private corps. And perhaps one of the biggest lessons from Covid-19. All of the above are essential services, with immense value-add, and robust . When the sh1te hits the fan, the gig economy, and non-essential services break down. Interesting times. SD What this says to me is that if you have pipe already, it will become increasingly valuable. The repercussions for future supply are interesting to say the least. SA, And to a lessor degree the other large Mideast countries are going to be facing revolution if the oil price stays down for very long. We saw what happened to Libya’s and Venezuela’s supplies when governments become unstable. Simultaneously we have a virtual elimination of long tail projects by every major player in the world. The outcome is likely toppled regimes, and a massive price bounce back, down the road. It may become more like railroads, with very few players making a lot of money. We could speed up the rebalance really quick by turning the gulf fields into glass. China may take exception but I sure Moscow would be on board. Are you saying to Nuke the oil fields in the middle east? Don't give this idea to Orangina in Oval Office.

Maybe you should open a business selling coastal cities to horny tech guys based on the f&&kability potential. ::) How do I open such a business? You kind of need land, building, and skyscrapers, subway systems, lots of labor from years ago, etc oh wait, it's called the real estate business. You've got to go ass-et lite dude. Second level grind'ing. 8) I'd never.

Maybe you should open a business selling coastal cities to horny tech guys based on the f&&kability potential. ::)

EXPE and BKNG say "Ouch!".

It is really sad that the conclusion drawn from "It’s Time to Build" essay is "too much regulation". ::)

"There are more important things than living"!

It's very idealistic essay. That's not necessarily bad since it's supposed to be call to arms. So perhaps I should not comment further. What he asks people to do is not easy. Some what he asks is not rational. And some is not even possible. We are not doing what he asks us to do. Why? Let's take a look at concrete examples. Affordable housing: not economic, NIMBY, lots of entrenched interests. I don't know a capitalist solution to affordable housing. And government solution(s) may not work well. (I guess capitalist solution is that people with low incomes should live in South Dakota and not in San Francisco... It does not resolve the issues though.) Superfast transportation: - Supersonic jets. Technical issues, affordability, no ( ? ) business case. This is one of the areas where you have only an irrational agent (Elon Musk) trying to do something. - High speed trains. This is clearly possible (see Japan, China). Mostly affordability and business case. Plus NIMBY and cost of eminent domain (battles). I could say it's a failure of capitalism, but overall it's somewhat rational for private companies not to get into this area. It's a mess with likely huge cost overruns even if project gets started. And not much profits if any. Plane tickets are cheap and competing with (budget) airlines is hard. Education: - I think this is an area where we don't know what good solutions are. Bill Gates tried and found this is really hard area. - Cheap education for everyone seems only possible from the government pocket. Clearly (semi) capitalist universities have not provided this and won't do it in the future either. - One qualified tutor per one pupil is impossible both on cost and availability basis. Healthcare: - Vaccines and drugs are hard. This one is somewhat being handled by capitalist means. But you cannot just remove testing/approval/etc costs and time consumption. We can see what happens when untested or badly tested drugs are rushed to the market. We can see what happens when disease test kits are rushed out without quality assurance. You cannot easily have both speed and quality. You probably cannot have speed, quality and cheap prices period. Unless there's some kind of automated AI-driven factory that manufactures everything to spec. But then automated AI-driven factories that manufacture everything would resolve all problems. Manufacturing: - I may know little about this (and I have a nagging suspicion so does Marc Andreessen). IMO, automation is one thing that is spreading through manufacturing mostly "just fine". Maybe not at Elon Musk speeds, but this is likely closer to "we are doing it" than other areas. Energy: - Nuclear reactors. Technical issues, regulatory issues, safety concerns, NIMBY, possibly not economic. It's likely not happening. - OTOH, solar and wind and possibly energy storage might be happening just fine. So maybe again closer to "we are doing it" than he admits. So skipping the areas where "we are doing it", are there solutions for areas where "we are not doing it"? Affordable housing: I don't have solutions Superfast transportation: - Supersonic jets. Elon Musk is a possible solution. - High speed trains. Government driven solutions perhaps. Education: - I don't have solutions. Healthcare: - I don't have solutions. I'm sure that various people will keep trying all these areas and more. It's not gonna magically resolve anytime soon. But there might be progress. And probably that's the best we can expect.

https://www.npr.org/sections/coronavirus-live-updates/2020/04/21/839919655/maryland-gets-500-000-test-kits-from-south-korea-drawing-criticism-from-trump Mike Pence would have done 500,000 tests himself! Single handedly! For men only, of course.

Not much. That's why I asked you. :) There were more at March lows. I haven't bought much since then. Some CVS and STNE.

OK, thanks. Agreed on FB.

Care to share which ones?

It worked so well for the US coal and steel industries! Well, at least hotel and casino industry is doing great!

Trump is getting killed on how he has managed the virus and it is getting worse. So what does he do? He manufactures a new ‘issue’ that the news media will shift their focus to. The messier the better. Smart, smart man! However, this is not good for the US. Among other things, immigration brings in needed skills. It also provides a nice boost to GDP as all those immigrants provide a nice economic boost (need to eat and sleep somewhere). Yes this is not good. I am very worried about where this is going. Is anybody thinking about what happens with vegetables from California, Georgia and all these places? Or we're all just gonna have to shift to eating corn? I am sure the great value investors from CoBF will finally get jobs picking strawberries. Your all hard work is going to be sincerely appreciated.

Poor Melania. It was nice to know her.

Yeah, but it says that the broadcast starts at 3pm: So that implies there's nothing before that.

- that's an honest answer for Feb 25, 2020... ::) Overall an interesting and informative video.

A sorry excuse for a leader. The virus is coming for your guns! Buy more guns and shoot it! That's the only way to make sure.

To be fair almost anything (over 90%? over 95%? of active managers) vs QQQ is a loser.

I really hope that our company won't institute "grab a temp desk" office. This totally sucks (as do open plan offices). My cube is my castle.