Gregmal

That seems reasonable to me. A chance to cool down. I think Cardboard added value on the investment side, and it'd be a shame to lose him permanently. Obviously this place belongs to one person, and it isn't a democracy. So that is just a suggestion not a vote. Yup. At one of the first firms I was at, one of the BSDs used to routine say to the younger guys "you know who they listen to? The producers, not the bitches in the back office"...At least there, the back office actually provided some, albeit marginal value. By and large Ive found that the people who complain or report posts, such as Sanjeev alluded to, provided little, or in many cases, no value to the site themselves. I bring this up, because just within the past page on FFH, I can highlight Viking and SharperDinegaan as folks who I know I have quite different political views from, at least in some instances. They both bring significant value on the investment side. When I see posts of theirs that lean political, the last thing on my mind is crying like a baby. I respect them as individuals and they are entitled to their views as I am mine. Even if I was appalled by the politics, without question the investment value outweighs whatever nonsense one could just easily ignore. It takes a certain mentality to be successful investing. These folks have it. I would bet bigger money most of the complainers dont. I have never in my life blocked anyone or reported a post, and I would be shocked in either of the above mentioned individuals had either. My point, is to reiterate what I asked in the prior post. What is you goal for this website Sanjeev? Is it to be more like Facebook, or VIC? Because if its investment related I'd say with confidence that the 5% of Cardboard posts relating to investments significantly outweighs what many other folks and complainers bring in their entirety, in terms of value. No one is forced to be here, but I do think there should be more skew towards being like VIC where others can watch but if you dont produce you dont have any say. Cheers. EDIT: just for honesty's sake, I will clarify that one time I reported someones post, but only out of pettiness and spite since they did it to me first.

Next legs of the recovery money flow. CLPR and IMAX(LEAPs).

It depends what markets people are referring to. The broader market? Real companies? IE S&P components? Sure. But there's plenty of signs that some of the other stuff is beginning to crack and its been occurring for weeks. For instance, there is an inevitable shift in supply demand that occurs. Over time, companies realize an outsized demand, and something as simple as an ATM will soon tap that out. A lot of the more speculative names Ive been following dont even do secondaries anymore. BEAM did an offering at 23.50 a few months ago and the stock then went to $90. So now you have companies like that just signing brokerage arrangements that are going to flood the market as long as prices stay where they are. This is just one example/data point of many. HTZ didnt stay at $5 for similar reasons. Just like AMC is inevitably going to 0 as well.

Its actually a pretty splendid opportunity. Buy yourself some Liberty shares and worst case is that you end up owning more AYR. Im not sure what the Seeking Alpha author is bitching about. I dont think he mentioned how much stock they controlled, while insinuating they are close to 51%...which leads me to believe its nowhere near 50%. This is a company who just put up sales of 700 ounces in addition to NEO departures...get real. Separately, it does warrant a tad bit of caution IMO seeing how bananas they've gone with the acquisitions. If all plays out as expected its a home run. But its certainly no walk in the park integrating a half billion $ worth of companies in a couple quarters. Disclosure, Ive been buying LHSIF.

I'm sure I am up there as well. I even from time to time get DMs from people asking about stocks or wanting to shoot the shit and then I go to respond and it says they have me blocked! I dont think rubbing people the wrong way should be held against anyone. Its the internet and we(try) to deal with investing/financial markets, which is like the UFC for smart people. Folks need to toughen/lighten up. Nothing should be personal. People who complain about what others are posting are even more of a problem than those that post. It is a message board after all, no?

Jeez Sanjeev. Thats harsh. Especially when Cardboard does contribute and engage on the investment side of things. Particularly even here on FRFH in a way thats at least presenting differing viewpoints. There's so many others who dwell here that dont do shit or bring even pee wee level investment insight to the table. You've generally been fair, but occasionally, IMO, things like this go overboard. You've said for the better part of 4 months now that the new website will be up and no politics. And that until then, this site is what it is. The covid thread was allowed to be a political thread for the entire year. Getting into macro stuff begs for political pondering; I dont think thats unreasonable. Of all the shit Ive heard from Cardboard, I think banning him for this is quite petty. Sometimes its Jeckyll & and Hyde with you in regards to the bans....I say this wondering if this will be my last post as well, even though I am certainly not crossing any lines with what I am currently writing. If you dont think Prem's bearishness up to 2016 and then bullishness(under Trump) wasnt somewhat politically inspired....then I dont think you're assessing the entire picture in a thorough manner. Even if it wasnt, it certainly isnt outside the realm of consideration to try and account for that going forward. Will Prem be bearish under a regime change with the rumored objectives? IE increase taxes and greater social programs plus widespread debt relief? If you invest in fixed income this is very relevant. FFH invests in fixed income. But its your site, you do what you want. I just question whats the purpose? Investing? Or something else? I can probably list a dozen people ahead of Cardboard on the "they offer nothing" if the goal is to build an investing community....but maybe Im missing something.

Theres also the issue of the folks who run small funds and trade semi/illiquid stock constantly talking their book or promoting their interests on places populated with investors, something I see more of on sites with larger audiences(surprise, surprise) than on forums like this. Not that there is necessarily anything wrong or mischievous about this; its fine to a certain degree, especially if you invest for a living. But its a sensitive area and when there's a bunch of other red flags all over the place, its reasonable to be suspicious. We've all seen folks randomly come here and post stuff and right away they get an earful if it smells fishy. I've never frequented shitboxes like FB or Twitter where this stuff is at its worst, but just seeing here how many folks are invested in this, or PDH, or even FRFH simply because of certain halo effects is enlightening. And a case can be made, if you are of a certain ilk, that utilizing the aforementioned places to promote certain things can also be beneficial to some while detrimental to others. I dont know any of the folks involved in this. Ive never spoke to them, met them, or anything. But Id raise the same question here as I have to Sanjeev, who I do genuinely like and respect....why are you keeping the lights on? You are a numbers guy. You know damn well how this is likely to play out and are (IMO) doing a disservice to the notion of shareholder value by deliberately keeping it going.

ARKK, what else? My dad was asking me about a Vanguard Discretionary Consumer ETF. I looked at the thing, and 31% of the fund was Amazon and Tesla. He said it had returned 45% for the last 3 or 4 years. I told him congratulations on riding Tesla, but sell the POS immediately. All the Arks. SPAK is juicy as well. To me, its almost eerily similar to the mortgage bond stuff in a poetic sort of way. People are demanding something and the banks/firms, who give zero shits about quality, are building them these mega steaming piles of poo-poo. As a short seller, I hate the risk of single stock shorts, although I will do it anyway from time to time. So having a diversified poo-poo basket is just awesome.

Sold this, rolled profit into MSGE Feb $100 calls. Sold all but 15 contracts here. Who says you can be north of 75% of open interest on an illiquid OTM option? Also bought some mid January VIX calls, shorted some ARKK, added small amount of AMT and a few NATH. Covered the ARKK and rolled profit into ARKK puts. Bought a few CLPR with some MSGE call proceeds. Gotta keep the NY recovery theme going. Just slide further down the ladder. Also added to ZM short.

Yup. Its been topping out in slow-motion. I wouldn't fuck with the FANGs. I have a small AAPL put position and own GOOG and MSFT. The stuff you want to be hedging with and/or outright shorting is all conveniently placed inside a few of the worlds greatest ETFs.

Gravity. Momo all around taking a bath today.

Isn't this a good thing? Share price down significantly and business is performing well? Are you confusing share price with business performance? Seems like an opportunity more than anything if you're a real investor and not a trader. Note: No position and don't know the business in detail, just making an observation. Not directed at you personally, but this is the type of Buffett/value investor rhetoric that leads otherwise rational investors into the abyss. The market is and has been on fire for a decade. If your investment is working, you are making money. The only * would perhaps be some kind of smaller cap, special situation type of investment. Fairfax is not "under the radar" and its certainly not buried under a rock somewhere that most investors dont know of....Its like looking at WFC and being like "oh price is what you pay and value is what you get", when realistically I just look at JPM or BAC and go "makes sense"...

Well, the activist is already in and his fund owns the majority of the shares. We know how well this structure works - check out Mr Big’s BH or Premier Diworsified. That said, I still don’t think there is evidence that SYTE share price is manipulated by Mr Kiel. Yea I dont know if whoever made the comment about manipulating share prices was serious or joking or whatever, but regarding the business and investment ramification I am not sure anything changes either way. There were at times signs of hope for shareholders and it seemed that some of the people involved made efforts to be somewhat transparent on this board...but theres the old adage about what one says and what one does. And if one takes the time to sift through this thread, there's been an awful lot of stuff that shouldn't really get a pass. The absurd share issuance to a select few and then the "we just wanted to hold our meeting and didnt think we'd have quorum" joke. The July 3 news dump. This material info release lags. The whole Lexington property debacle. Maybe the HVAC biz was an honest "lets give it a go" and it didnt work, but everything else? I mean shit, wasnt one of the guys who ran in here guns blazing from the same neighborhood where these turd bomb apartments were located? As I said back then, I dont even know how its possible to lose that much money on that kind of investment assuming ANY due diligence took place. These types of investor traps always have stories tied to them. Someone, maybe it was ratiman, said it well a bunch of pages(and years now) ago...they got rid of the old management and now effectively shareholders have the same problem that the "activists" where supposed to take care of. If Willow Oak is the only hope of a future here, why not wind down everything else and take G&A to nil or as close to it as you can get? What are the people getting paid bringing to the table here?

If the issue is bad management, all we need then is for an activist to come in here and shake things up, appoint themselves to the board, do an equity raise to themselves at a significant discount to market, buy some real assets like income properties...

If you can buy a dollar for 60 cents in perpetuity....is it really a dollar you're buying?

Firm or just a one man shop type accountant? I guess the easier way to ask the question is, what kind of accounting budget range will you be in? I could probably put you in touch with the former if you're looking for a commercial RE operation type thing. Childhood friend of mine works with a few of the big NYC RE guys always in the news who happen to pay very little in taxes. But if its under lets say $10k annually, I would just look into doing it yourself/finding a one man advisory shop. My wife is an accountant as is half my family so I do all the stuff for my properties and LLCs "in house". Not worth the fees unless you're clearing $100k in rental revenue, IMO. Pure 1099 stuff, I think a half reasonable person can work through as well.

Sold this, rolled profit into MSGE Feb $100 calls. Sold all but 15 contracts here. Who says you can be north of 75% of open interest on an illiquid OTM option? Also bought some mid January VIX calls, shorted some ARKK, added small amount of AMT and a few NATH.

BABA here is a buy. Hows that?

^^^You dont think clearing those issues benefits shareholders? $10B to settle lawsuits probably creates more value for shareholders than a similar sized special dividend or repurchase. This currently trades like shit because of all the shit. Clean it up and you'll get a better multiple. No position, but it is on the radar.

It is just my 2c, but from experience, if you are going to play something, play it. Dont half ass it. IE Buying BRK in late 2018/early 2019 during crash bc I liked financials and AAPL(I did this). MSTR is a cute idea and all, but if you want crypto/BTC, just buy BTC.

Absolutely hilarious.

This is amazing and certainly worthy of utilizing a gift from the Donald/congress which is the 2021-22 tax deduction for "triple martini" lunches!

I consider paying $12 for a four-pack of Founders Breakfast Stout a splurge! With my taste buds, I think I would not appreciate the Royal Salute 21. Have you ever tried Pappy Van Winkle? Haha no I have not and a quick google was kind of awe inspiring. My typical hard stuff is in the $30-50 a bottle range. Once in a while the $200-300/bottle but above that is where I get to the point where I rather buy a case of good $50 a bottle type stuff than just one bottle of legendary booze. I saw a 72 year McCallans at the liquor store for $140k and first thought was "what happens if the guy stocking the shelves drops it?". I do like the Founders as well. A few of the DuClaw varieties I liked when I tried them a couple years ago as well. The oatmeal/peanut butter/ chocolate/espresso ones I find are great when they are done right.

Such as forcing a business to close without fair compensation? Not that much different than here then.

Above is the documentary. Worth a watch. Incredible how they are in many instances, such as with the NFC/RFID stuff, probably a decade ahead of even the most technologically advanced US places.