Lakesider

I sold my second lot of puts for break even when I realised the second dip was ecouraging FOMO instead of fear causing people to buy. They saw it bounced back up before and didnt see a way it could act any differently the second time.

Do you think product development expenses are owners earnings like PJM suggest above, some of the expense could be treated in the same way as Growth capex? Thinking of how people were wrong on amazon when it seemed unprofitable.

Me also

So results are out, trading at just over 22P/E, If we add back the fine to GAAP income, profits grew 15% Yoy. Revenues up 40% yoy.

Comvita also had an explaination why their sales drop was temporary.

Sorry if ive missed something here, but you know alibaba sells to users globally right, not just in China? All of its revenue doesnt need to come from inside china.

I think it was a health fad in china. Same thing happened with Manuka honey companies, they had tremendous china growth for a while, suddenly the growth dissapeared.

Looks like a pay day lender where they lend money short term and charge a huge interest rate. These were very popular in the UK a few years ago until the government capped the rate they could charge in a big way. When people couldnt pay back the loans they ruined lives. Goverment enforced rules. "Borrowers pay no more than 0.8% of the amount borrowed per day, and a maximum of 100% of the loan in fees and charges."

My European broker only charges me a comission of 1c per share on US trades. Im sure there is little difference between low cost broekers and payment for orderflow companies, the issue is that its a shady and opaque way to charge someone fees.

Its not comission free, they are selling orderflow, They are saying its free but getting you a worse price? Thats the issue here, Its just a more complicated way than charging comissions. "payment for order flow, generated about $331 million in revenue for Robinhood in the first quarter"

What an ass.

I just went with a low cost one, Vaguard total china.

"Buying stock we dont know a great deal about because we prefer them to treasury bonds." Same thing Charlie said about Baba.

One question I have been asking myself that has brought me great sucess with recently is, "How long will it be until the current valuation is cheap using simple metrics like PE?" You might find this as helpful as I have or might not get why I find it helpful at all.

Timely article on the WSJ, about naspers. I may have understated the discount, https://www.wsj.com/articles/naspers-has-a-100-billion-headache-11618738200 "The sale, its second reduction in three years, cut its stake to 29%, currently worth about $226 billion.The market capitalization of Naspers is 1.53 trillion South African rand, equivalent to about $107 billion."