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jkrow.bsky.social @jkrow.bsky.social · 1d

I mean, hell, Obama didn’t even have a cage fight (sorry, Ultimate Fighting Championship) in his backyard.

jkrow.bsky.social @jkrow.bsky.social · 2d

Remember when Christ held that cage fight (sorry, MMA) in his back yard 2,000 years ago?

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jkrow.bsky.social @jkrow.bsky.social · 10d

One. Less. Pocket watch chain.

jkrow.bsky.social @jkrow.bsky.social · 10d

This says that “a more comprehensive valuation framework” and “multiple valuation metrics beyond CAPE” are needed… but doesn’t offer anything.

jkrow.bsky.social @jkrow.bsky.social · 15d

Are you by chance implying that Don the Con is practicing Crony Capitalism?

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jkrow.bsky.social @jkrow.bsky.social · 17d

Does this mean that the 100-year bond that Argentina issued in 2017 might not be money good after all?

jkrow.bsky.social @jkrow.bsky.social · 21d

Right. So 30% above pre-Covid levels isn’t all that impressive.

jkrow.bsky.social @jkrow.bsky.social · 21d

Does that roughly buy you the same basket of goods as it did pre-covid?

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jkrow.bsky.social @jkrow.bsky.social · 26d

Don’t worry, he’ll reduce the deaths by 1,000 percent.

jkrow.bsky.social @jkrow.bsky.social · Sep 10

And yet the board will probably still feel the need to give him mega option grants (>$100 million) every few years. As if he was going to leave the company or otherwise not be financially motivated to see it succeed.

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jkrow.bsky.social @jkrow.bsky.social · Sep 10

Tyreek Hill accused of domestic violence by estranged wife.

Is this even a problem? Not a crime according to the President.

jkrow.bsky.social @jkrow.bsky.social · Sep 8

And further additions to a massive fiscal deficit.

jkrow.bsky.social @jkrow.bsky.social · Sep 4

It would be very interesting to lay in the S&P 500 too. Curious if your statement would be Coke, Pepsi, or S&P 500? In the long run, it did not matter.

jkrow.bsky.social @jkrow.bsky.social · Sep 4

Speaking of tools

jkrow.bsky.social @jkrow.bsky.social · Sep 2

Yup. Earnings cagr of mid-5% over that period in the U.S.

If that’s the experience over the next 18 years, and starting dividend is 1.3%, then maybe a ~7% total return IF the multiple is held constant.

jkrow.bsky.social @jkrow.bsky.social · Aug 29

With a CAPE of 52x… about 20% higher than the .com peak multiple… now that will be a bubble. Imagine thinking that is the base case.

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jkrow.bsky.social @jkrow.bsky.social · Aug 27

86% of Republicans support this? We’re in trouble folks.

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jkrow.bsky.social @jkrow.bsky.social · Aug 27

I guess that was the end of that discussion?

jkrow.bsky.social @jkrow.bsky.social · Aug 26

Definitely more worthy of the prize than, say, Mother Teresa.

jkrow.bsky.social @jkrow.bsky.social · Aug 26

50x? Looks more like ~95x ‘25e.

Tom, do you not think stock-based comp is an expense?

jkrow.bsky.social @jkrow.bsky.social · Aug 25

Ah, now I get it. You’re using the Price to Bullshit Earnings figure that excludes a good deal of employee compensation expense that comes in the form of stock-based comp and magically turns a projected loss of $1.23/ share into a profit of $1.83.

jkrow.bsky.social @jkrow.bsky.social · Aug 22

What?! They actually have positive earnings now?

jkrow.bsky.social @jkrow.bsky.social · Aug 22

So, he cut their tax rate in 2017, and now reclaims a good deal of those forgone taxes in 2025.

jkrow.bsky.social @jkrow.bsky.social · Aug 22

What a hat

jkrow.bsky.social @jkrow.bsky.social · Aug 14

At least he’ll be able to tell the time quickly with his pocket watch chain at the ready.

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