"due diligence", my brother in christ it had no board of directors, no cfo, no head of risk and was incorporated in antigua and barbuda. 2 mins of googling would have got you there.
Immediately after FTX collapsed, we extensively reviewed our due diligence process and evaluated our 18-month working relationship with SBF. We concluded that we had been deliberately misled and lied to.
I asked, “What company is worth less than $10 billion today but you think could be worth $500+ billion in a few decades?”
I received 710 answers
Here are 20 top stocks that have 50x+ potential:
u can’t sell houses u don’t own
u can’t sell cars u don’t own
but
u *can* sell stock u don’t own!?
this is bs – shorting is a scam
legal only for vestigial reasons
In 1971, Soviet geologists working in Turkmenistan set a crater on fire to prevent the spread of methane gas, expecting it would burn for a few days.
The hole has since been burning for over 52 years and is know as The Door to Hell.
guys, i'm new to this value investing thing but just came across this stonk growing ebitda at a rate in the mid-40s w 30% margins, a 24% ROE, and its trading at JUST 3 TIMES EARNINGS. what am i missing?
#deepvalue
#investing
#stocks
why the hate on $TSLA's stock dividend and share pop? the company is effectively raising guidance by delivering more of its core product to its key customers.
serious question: is there another company in the history of capitalism that claimed it was "supply constrained" and was simultaneously slashing prices every quarter? $TSLA
estate agent: "lot of buy to let investors looking at this place, at asking it yields 4.5% which is really good"
me: "why would you buy a property for 4.5% when risk free 5-year gilts are at 4.6% and capital gains aren't taxed?"
estate gent: "..."
dont think he liked me
Behold, the Nikola One in motion. Pre-production units to hit fleets in 2019 for testing. The Nikola Hydrogen Electric trucks will take on any semi-truck and outperform them in every category; weight, acceleration, stopping, safety and features - all with 500-1,000 mile range!
Telegraph splash:
Boris Johnson plans to slash income tax for 3million people by hiking 40p rate threshold from £50,000 to £80,000
The move will cost estimated £9.6bn, funded from the £26bn 'fiscal headroom' currently set aside for no deal
🌘some personal news🌖 friday will be my last day at
@ftalphaville
and the FT. it’s been a a privilege to write for the best financial news organisation on the planet, and i’m sad to be leaving the brilliant FT fam behind.
@Billbrowder
kind of like making your fortune from the questionable and unregulated privatisations of industrials after a nation has just emerged from communist rule eh?
Tiger Global: tell me about ur SAAS business
SAAS: revenue number go up
Tiger Global: sounds good, we'll give $50m at a $500m valuation
SAAS: gr8
Fintwit: wow, such speed of process, such genius
Extraordinary interview with Friedrich Hayek on John Maynard Keynes: "Keynes was Brilliant, but Economics was Only a Sideline for Him." "Not well read. Not a master of the subject …”. And so on and so forth … breathtaking!
question for fintwit: what's the first book you'd recommend to someone who wants to learn the basics of investing but has absolutely zero knowledge? and no, the answer is not McKinsey on Valuation.
uk econ commentators opining about a decade of lost productivity, stagnant wages and failing social + hard infrastructure after supporting austerity from 2010-15
is there a website/ blog that has caused people to lose more money than ZH over the past 10 years? bar, like, Ackman's quarterly letters between '13-'15
A parade of
@Tesla
cars underneath the
@LVCVA
convention center. We get a first look at the underground transportation system. We’ll go for a ride at 11
@News3LV
@ajb_powell
It’s actually not. There are many $250 billion market cap companies and they all have different stock prices depending on growth rate, profitability, industry, valuation, etc
@danprimack
Wow. Great for fathers to spend time w their kids and support moms, but any man in an important position who takes 6 months of leave for a newborn is a loser.
In the old days men had babies and worked harder to provide for their future - that’s the correct masculine response.
after we used a photo from THG chief executive Matt Moulding's Insta this morning in a post, the company got in touch to have the photo removed on copyright grounds. so we made it in Paint instead.
Perhaps the CFA's ethics questions next year should ask how a investment advisor should act if they're not able to perform a paid service for a client within the promised timeframe?
Incredible quote directly from the article: “We're kind of struggling to hire because the only people who are applying are teenagers," the McDonald's manager said.”
@sgorlick
you left out the part where $UBER sold 50c for a $1 and skirted local regs with impunity leading to all sorts of awful neg externalities. but cool.
Some personal news...
I am <extremely> excited to tell you that I will be joining
@FTAlphaville
next week. Very much looking forward to covering economic oddities and market misbehaviour within such a talented team of reporters.
Going after Russian Dark money could cause house prices in Central London to crash overnight.
Rents could plummet, jeopardising the livelihoods of tens of thousands of landlords.
Hold Mr Putin to account, robustly, by all means. But do so sensibly. Pragmatically. Declare war.
weird full circle moment for me: one of the first pieces i wrote at school was a review of Madvillainy -- 16 years later i got to write MF DOOM's obituary for the FT
nothing new under the sun -- pretty much every famous banker's wiki goes along the lines of "he was an anarcho marxist at oxford and then joined SG warburg in 1981"
🇺🇸
@BillAckman
: HARVARD INDOCTRINATED MY DAUGHTER LIKE IT WAS A CULT
"She became, like, an anti-capitalist. Like practically a Marxist. We'd talk about capitalism, and she would freak out at the table. That was an indicator, but I didn't know if that was just my daughter or
Jeremy Grantham says the historic collapse in stocks he predicted a year ago is underway and even Fed intervention can’t prevent an eventual plunge of almost 50%
Fox News "journalist" posts a "Hunter Biden text exchange" which is a screenshot of an iPhone whatsapp message on a 2011 Blackberry connected to MTS Network -- which only operates in Russia, Belarus and Armenia. cool cool cool
Hunter Biden text exchange from June 2017 obtained by
#FoxNews
ranting to his business partners about not wanting to "sign over my family's brand", "the keys to my family's only asset" to Tony Bobulinski. Warning: foul language.