Liberty

My first purchase was at $135, so still > 10x. Unfortunately, I started very small. Look like we started around the same time. I know an investor who I think started buying in the 20s. She still holds it afaik.

https://vitamindforall.org/letter.html

The most dangerous lies are those based on a grain of truth. Like, yes, it's true that these other car companies sell a lot more vehicles than Tesla. But that's just part of the picture, right? So Tesla may be incredibly over-valued, but that's not the way to show it.. Should also take into account growth rate and TAM and TAM expansion and things that one is doing well that the others aren't doing well (EVs and software). Otherwise, it's a bit like 10 years ago comparing Coca Cola's multiple to Monster beverage or whatever. Doesn't mean Monster isn't over-valued, but you can't just straight compare multiples or number of cans sold in a static view.

Heico Q3 (fiscal Q4): (I don't like how they did that press release, without the usual calculated %... tsk tsk tsk): https://www.businesswire.com/news/home/20201221005710/en/

Started the Mandalorian, after all the praise for season 2. I figure I can be patient with season 1, as I hear it takes a bit to get good...

As soon as it is offered to my age group. Death isn't the only possible bad outcome, this virus can cause damage through vasculitis in all kinds of organs including the brain. No thanks. I don't know why anyone would take that risk when a much much much less risky and highly effective vaccine is available.

Good interview with Tobi: https://www.theobservereffect.org/tobi.html

Some people had estimates, I don't remember off the top of my head... Real answer is we don't know for sure, we'll see ¯\_(ツ)_/¯

Topicus back on the calendar: https://www.csisoftware.com/category/press-releases/2020/12/18/constellation-software-inc.-files-final-prospectus-and-declares-dividend-in-connection-with-proposed-topicus.com-spin-out

Writeup on FB by Packy M: https://notboring.substack.com/p/everybody-hates-facebook

Writeup on CSI: https://seekingalpha.com/article/4395117-constellation-software-is-strategic-crossroads

Most days I drink their plain sencha and it's fine. My fave is Harney & Sons, but I feel bad paying that much for tea + the shipping to Canada..

100th acquisition at Jonas! "Jonas acquired RewardOps (Canada), 100th acquisition "an engagement commerce platform creating positive disruption in the loyalty space." "The RewardOps platform surpasses 2M reward orders processed" (2019) 58 employees Founded in 2013" https://jonassoftware.com/jonas-software-acquires-rewardops h/t Pearnick and Chris Peng

Twitter largely going to AWS: https://www.businesswire.com/news/home/20201215005162/en

https://www.cnbc.com/2020/12/14/amazons-self-driving-company-zoox-unveils-autonomous-robotaxi.html

Couple more, including a public one in Poland: TSS makes a cash offer for all the issued shares of Simple SA (SME PW) at a price of PLN 13.01 "Simple SA is a well-established VMS platform in Poland, with a position in the public segment, especially within Universities, Hospitals, and Scientific Institutes" financials here: "TSS does not own shares, but has today signed an investment agreement with shareholders representing a majority of the total outstanding shares." "The company had revenue of PLN 47m in 2019 and has 230 employees. (...) expected to be completed in Q1 2021." And: Perseus acquired Selectapension Ltd (UK) "SELECTAPENSION provides market leading pension and investment planning tools and services for Financial Advisers in the UK." "comparing over 200 products and over 50 Providers" Founded in 2004 31 employees h/t @pearnick (follow him for up to the moment M&A on CSU)

Expanding the revolver: https://www.businesswire.com/news/home/20201214005232/en/

Good video with a bunch of context on Apple's custom ARM chips and the M1:

https://www.bloomberg.com/news/articles/2020-12-11/mastercard-loses-supreme-court-case-over-u-k-class-action

A bigger one: https://www.csisoftware.com/category/press-releases/2020/12/11/volaris-group-a-constellation-software-company-enters-into-agreement-to-acquire-ssp-limited Announced at CSI level (>$50M): Volaris acquired SSP Limited (U.K.) "the leading global supplier of technology systems and software for the insurance industry" LinkedIn shows 1,141 employees Zoominfo shows $298M revenues Update: "Zoominfo seems to be wrong. RBC: “assuming that SSP’s revenue has declined over the last 2 years at the same rate as FY18, we estimate that SSP likely generated $89MM annual revenue in FY20.”" h/t @pearnick

https://press.aboutamazon.com/news-releases/news-release-details/amazon-becomes-worlds-largest-corporate-purchaser-renewable "Amazon Becomes World’s Largest Corporate Purchaser of Renewable Energy" ("The addition of 26 new utility-scale wind & solar projects in Australia, France, Germany, Italy, South Africa, Sweden, the UK, and U.S. bring total number of projects to 127")

New one in the US: FOG acquired Vortx Inc (U.S.) "creates and hosts eCommerce solutions in vertical markets with unique business requirements." "Clients come to us with a single, specific need" Founded in 1991 Over 10,000 users 18 employees h/t @pearnick

Transcript of long interview with Musk, from Germany: https://www.businessinsider.com/elon-musk-interview-axel-springer-tesla-accelerate-advent-of-sustainable-energy

Sad news.

New over-the-ears headphones: https://www.apple.com/airpods-max/