Liberty

Sorry, my powers don't extend that far ¯\_(ツ)_/¯

General Mattis: https://www.theatlantic.com/politics/archive/2020/06/james-mattis-denounces-trump-protests-militarization/612640/

If I can make it move this easily, then I'm happy to help

I'm actually impressed by how this stock never really goes anywhere. That's a lot more unlikely than either going down or up over time. It's like a weird case of financial homeostasis.

https://www.ft.com/content/dae6d006-9adc-46d5-9b4e-79a7841022e8 “ Swedish expert admits country should have had tighter coronavirus controls Shift comes as Stockholm promises a commission to investigate approach to pandemic”

Board additions: https://www.csisoftware.com/category/press-releases/2020/06/02/constellation-software-announces-appointments-to-its-board-of-directors Also, TSS FY19:

Two good ones from CGP grey, about pirates:

Tesla stock back near all-time highs... Also, good video of cold weather testing in Alaska for the Y and 3:

This is cool: https://www.bloomberg.com/news/articles/2020-05-25/-sunshine-to-asia-power-plan-moves-forward-with-cable-contract "Sun Cable project, backed by Atlassian co-founder Mike Cannon-Brookes & Fortescue Metals’ founder Andrew Forrest... plans to export power from a giant solar farm in Australia to Singapore via a 3,800km undersea [high voltage DC] cable."

Watched the launch live with my oldest son. Quite a moment to share.

NZ showing how it’s done: https://www.sbs.com.au/news/new-zealand-is-down-to-just-one-active-coronavirus-case

Something is going on at the CDC...

New acquisition by HomeBuilder (Perseus): https://www.prnewswire.com/news-releases/constellation-homebuilder-systems-acquires-landdev-a-leading-system-for-real-estate-land-developers-301066540.html "Zoominfo shows 29 employees (Leverance Inc)" h/t @pearnick

You should spend less time thinking about Trump. Tony Schwartz isn't even a psychologist. I'll think about whatever I want, thank you very much. I guess I can't know anything about investing, I've never studied it and don't have a degree. I suggest you watch this documentary, it's very interesting: [Part 1] [Part 2] [Part 3] [Part 4] [Part 5] [Part 6] [Part 7] [Part 8] [Part 9]

On the psychology behind the man, which helps explain a lot of the COVID reaction (and the rest of his life, frankly): https://medium.com/@tony_schwartz/the-psychopath-in-chief-aa10ab2165d9 This is written by the man who wrote The Art of the Deal for Trump and spent hundreds of hours with him over 18 month, so he's got plenty of first-hand experience.

I posted some of my highlights from the conference call in this thread, for those interested:

Probably very very low, though not impossible, as it depends what you're doing outside (touching surfaces touched by many others?). Source? I think wearing a mask inside can be a very good idea in certain situations, and not do much in others. ¯\_(ツ)_/¯

Very exciting. Safe travels! Launch scrubbed for weather

No. I think they have will need to raise debt. Not saying it will happen, but it might. By way of comparison, TDG is very proactive. They raised debt, and said it was insurance against a longer downturn. I like that strategy: raise debt when it’s available, not when you need it. I still don’t understand why HEI hasn’t done this. Maybe their covenants are too restrictive, or their cash burn much smaller than TDG. I think it is because they have the non-aerospace business that is producing cash still so not necessary. TDG has a lot of leverage - wouldn't you rather a fresh balance sheet if this is becomes a prolong contraction? Management is surely in talks with banks regularly, I would feel pretty confident they could easily get financing if needed even in a pretty dire scenario. Heico management has said at least a couple times that for the right opportunity(ies), they'd be ready to lever up 6-7x (iirc), as long as they knew they'd be able to delever relatively quickly after that.

https://www.lifehacker.com.au/2020/05/no-wearing-a-mask-isnt-dangerous/

Q1 is out: https://www.businesswire.com/news/home/20200526005811/en/HEICO-Corporation-Reports-Quarter-Fiscal-2020-Results

Interesting vaccine context vs SARS-Cov1, MERS, etc

https://www.wsj.com/articles/wuhan-tests-nine-million-people-for-coronavirus-in-10-days-11590408910

Saw this riff on an old one on reddit, thought I'd share: (and the first comment: "But he's a cunning old sod, and he sends a project manager down... and it all turns to shit and the engineer begs for release .")