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Posted
2 hours ago, Brisketexan said:

Because it's all fake and imaginary....see below.

So much this.

And a dangerous amount of this.

Valuation in the stock market shouldn't be materially different than any other "business valuation."  I've litigated multiple cases where the value of a closely held enterprise was at issue.  Valuation is almost always done as some function of a revenue or earnings multiplier, or a discounted cash flow, something like that.  Yes, there can be some adder in there for "good will" or reasonable future potential....but it shouldn't be THE source of value, because that's just fucking imaginary bullshit.

So, not saying that every company on the stock exchange should be valued solely at a revenue multiplier or somesuch.....but when you have enterprises like DJT and Tesla where the massive valuation is completely decoupled from actual performance, it's fucking nonsense.

Yes, anything is worth what people will pay for it (so, DJT stock has been "worth" what people would pay -- today, that's apparently $12.40), but when you see such a decoupling from all performance and fundamentals, that highlights the "meme stock" vulnerability of any stock market.  If enough buyers are delusional, they can boost the share price of "We sell baggies of rancid shit, Inc., but nobody has yet bought a single baggie, and nobody is likely to do so" to $1,000 per share.  In that respect, stocks share the same vulnerability of tulip bulbs, beanie babies, crypto, etc.  Sure, it's worth $1,000 because enough of you say so....but if enough of you stop saying so, then it craters, and there are no fundamentals behind it as a backstop.  If you're holding DJT when it craters to $.02 per share, you aren't going to be bailed out by a liquidation of its assets, or a dividend based on its annual profits.  There's nothing there.  Zero.  It's all smoke and hocus pocus.

GameStop?

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Posted
5 minutes ago, Fudge Nuggets said:

If a stock is on the “hard to borrow “ list which DJT certainly is, you can be paying over 20% interest on the initial valuation of the shares you borrowed to short. 

Hans, Bubi.  I'm your white knight.

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Posted
18 minutes ago, PenelopeWitherspoon said:

Anyone mentioned that Dotard came out and said that people that criticize the Supreme Court should go to jail?

https://www.rollingstone.com/politics/politics-news/trump-supreme-court-people-who-criticize-jailed-1235110537/

It was a minor story for a few minutes yesterday. Already forgotten (would be the biggest gaffe by a democratic presidential candidate since the time Howard Dean made a funny noise and dropped out in disgrace). 

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Posted
7 minutes ago, High Plains Drifter said:

 

whats all this bullshit about kamala saying she worked at a mcdonalds?

She worked at one. But trump and is insinuating she’s lying because she didn’t put it on her adult resume. 

Posted
2 hours ago, Red Five said:

It was a minor story for a few minutes yesterday. Already forgotten (would be the biggest gaffe by a democratic presidential candidate since the time Howard Dean made a funny noise and dropped out in disgrace). 

If the consequences weren’t so dire, I would love to see Kamala come out and just repeat word for word entire paragraphs said by Trump the same day and watch the media have a meltdown about how disqualifing her statements are, all while completely ignoring Trump.

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Posted
3 hours ago, PenelopeWitherspoon said:

Anyone mentioned that Dotard came out and said that people that criticize the Supreme Court should go to jail?

https://www.rollingstone.com/politics/politics-news/trump-supreme-court-people-who-criticize-jailed-1235110537/

2 hours ago, BevoAbyss said:

This just shows how far have fallen 45-50% of the US population... there is no bottom (as brisket says).

And just how the US media have fallen. Ex: using terms like "far right" and "extremism" and "weird" to normalize Christian fascism and their outspoken call for a violent Biblical tyranny. They let MAGA and the GQP off easy far too much of the time. And the idiot world of Christianity gets a free pass all the time. 

That's because Dotard and Leon Musk both think of the concept of "free speech" and the 1st Amendment as whatever stupid shit they believe in that moment.

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Posted (edited)
22 hours ago, South Austin said:

There's a reason why I didn't go into finance, but after operating at a loss for quite a while, how can this company even be valued at $2.5 billion.  Is it the office furniture?

It possesses the personal information of hundreds of thousands of morons, as well as hundreds of thousands of bots.  Now I doubt that information is worth $2.5B.  But it might be worth, say, tree-fiddy.

 

/signed, and English Major

Edited by dcbc
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Posted
24 minutes ago, dcbc said:

/signed, and English Major

Hey, you're talking to a fellow English major, and one who barely passed his pass/fail Accounting for Non-Accounting Majors course my last semester of undergrad. 

In all fairness, I got early-admitted to UT Law the prior December, and by the time my Spring semester senior year rolled around, I was in full fuck-off mode.  Still, to this day I can't really tell you what a balance sheet is, or why, for some reason, it always balances.  

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Posted

Well, I guess you might say the first rule of finance and economics pertaining to valuation of an asset is:

An asset is worth whatever you can get some dumbass to pay for it.  Also known as the greater fool theory.

Posted
59 minutes ago, Bozo_Casanova said:

I gave y'all two whole days, come back and still talking about burgers.

Would you like to hear about a great burger? The Champions Grill at Trump Doral does a pretty great deconstructed bunless burger called the “naked burger.”

It’s a half-pound chuck patty, more of a chopped steak really, topped with pesto, served with arugula salad, heirloom tomato lightly dressed with balsamic and olive oil, and a lump of burrata the size of a woman’s fist. 
It’s legit delicious, great for a hangover, and so good I ate it twice a day for two days in a row when I was there in 2017.

feast your eyes, people:

image.thumb.png.c669c5877bd2a688b42a8bed6c543510.png

 

 

IMG_8832.gif

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Posted (edited)
57 minutes ago, South Austin said:

Hey, you're talking to a fellow English major, and one who barely passed his pass/fail Accounting for Non-Accounting Majors course my last semester of undergrad. 

In all fairness, I got early-admitted to UT Law the prior December, and by the time my Spring semester senior year rolled around, I was in full fuck-off mode.  Still, to this day I can't really tell you what a balance sheet is, or why, for some reason, it always balances.  

My brother!  I ended up taking accounting (to finish my business foundations "minor") at HCC after I walked.  I barely was hanging on and have never grade-grubbed in my life.  But I remember talking to the professor before our last exam that summer and telling him I had been accepted to law school and I needed this credit to graduate.  I promised him that I never would do any accounting or bookkeeping for anyone or any business if I just could squeak by in his class.  I did . . . barely.  And I've been true to my word since then.

Edited by dcbc
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Posted
1 hour ago, Bozo_Casanova said:

It’s a half-pound chuck patty, more of a chopped steak really, topped with pesto, served with arugula salad, heirloom tomato lightly dressed with balsamic and olive oil, and a lump of burrata the size of a woman’s fist

burrata nikto???

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Posted

I was blissfully attending a wedding held on the Northern California coast enjoying the cool air and astonishing beauty of the place. I only heard vaguely of the golf course assassin. I saw about two minutes of FOX News howling about calling Trump a threat to democracy is putting his life in danger. 

Of course, they're absolutely right about labeling Trump a threat to democracy. He's made it clear that he's an enemy of democracy by:

  • Denying fair election results.
  • Inciting an attack on the Capitol.
  • Publicly supporting Project 2025.

We won't stop speaking the truth because a villain worries about the backlash.

 

I caught wind of the McDonalds huge dire horrific story where a constant liar accuses his opponent with a baseless lie.

I'm so glad I missed this. I know the template. You know the template. I might have taken up arms.

13 hours ago, BevoAbyss said:

This just shows how far have fallen 45-50% of the US population... there is no bottom (as brisket says).

And just how the US media have fallen. Ex: using terms like "far right" and "extremism" and "weird" to normalize Christian fascism and their outspoken call for a violent Biblical tyranny. They let MAGA and the GQP off easy far too much of the time. And the idiot world of Christianity gets a free pass all the time. 

They don't see the new paradigm. They're hide bound and lazy. They don't know how to be real journalists and report what they see and hear without running it through the template of presidential race coverage.

Every fucking story becomes, "Thanks, Dana. We'll be back in a minute with our panel to discuss how this might impact the polls."

Lazy. Stupid. Now dangerous.

 

12 hours ago, High Plains Drifter said:

 

whats all this bullshit about kamala saying she worked at a mcdonalds?

 

12 hours ago, SydneyCarton said:

She worked at one. But trump and is insinuating she’s lying because she didn’t put it on her adult resume. 

Pete B. put an icepick through the eye of the media with his concise retort published above. He shames the media. He's fucking right. He's a great man that his country needs in any number of high level responsibilities including the White House.

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Posted
1 hour ago, South Austin said:

Hey, you're talking to a fellow English major, and one who barely passed his pass/fail Accounting for Non-Accounting Majors course my last semester of undergrad. 

In all fairness, I got early-admitted to UT Law the prior December, and by the time my Spring semester senior year rolled around, I was in full fuck-off mode.  Still, to this day I can't really tell you what a balance sheet is, or why, for some reason, it always balances.  

 

20 minutes ago, dcbc said:

My brother!  I ended up taking accounting (to finish my business foundations "minor") at HCC after I walked.  I barely was hanging on and have never grade-grubbed in my life.  But I remember talking to the professor before our last exam that summer and telling him I had been accepted to law school and I needed this credit to graduate.  I promised him that I never would do any accounting or bookkeeping for anyone or any business if I just could squeak by in his class.  I did . . . barely.  And I've been true to my word since then.

Co-sign.  and if you told me to pass calculus or my sons would die I would just kiss them and say “goodbye. Daddy loves you.”

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Posted

What is most interesting to me at this point in time is how Netanyahu is trying to tilt the scales in Trumps favor.  Like Trump Netanyahu must stay in power, or he is likely going to be convicted and incarcerated.  But Netanyahu's recent excalations are having an effect. In trying to help Donald Trump, in two ways. First he makes it impossible for the Biden/Harris administration to do much of anything before the election, to counteract Netanyahu's decision to push closer to a regional war.  Which in turn hurts Harris in Michigan, with it;s large Muslim population.  In essence it drives a wedge into turnout and support amoung this demographic.

Secondly instability and responsibility usually fall on the incumbent.  

If you doubt my assertions, look at the DJT stock price.  After heading towards this shitter, likes it's balance sheet, the stock is again rising.  Thanks Netanhayu.  

It's amazing that both Isreal and the United States we allowed be led by men as completely corrupt and amoral as Trump and Netanyahu.  But that's where we are today.  Trump is praying for a wider way in the Middle East to help sell chaos.  And he has a willing participant in Netanyahu, how will do anything and sacrifice every single hostage, to preserve his own personal freedom.  Everything and everyone else is collateral damage.  Exactly like Donald J. Trump.

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Posted
1 minute ago, horn4life said:

Trump is praying for a wider way in the Middle East to help sell chaos.  And he has a willing participant in Netanyahu,

At the same time, Trump is wiling to drop sanctions, which can't please Netanyahu

 

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Posted
4 minutes ago, atomheartbevo said:

At the same time, Trump is wiling to drop sanctions, which can't please Netanyahu

 

1.) This is terrifying.

2.) He was the fucking guy who sanctioned Iran into the fucking stratosphere. And now he wants to remove them? 

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Posted
57 minutes ago, SydneyCarton said:

1.) This is terrifying.

2.) He was the fucking guy who sanctioned Iran into the fucking stratosphere. And now he wants to remove them? 

Russia needs Iran’s missiles and electronics. 

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Posted
59 minutes ago, SydneyCarton said:

1.) This is terrifying.

2.) He was the fucking guy who sanctioned Iran into the fucking stratosphere. And now he wants to remove them? 

Wearing this hat, Trimp could shoot a lib Supreme Court Justice on Fifth street and not lose a vote.

image.png.43edeef1d7b64e574978e27c4d4eaf54.png

 

 

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Posted
1 hour ago, horn4life said:

I think it's funny that some of you actually think that the ramblings of a misinformed man are "policies." 

 

If that's the case Trump is in a fantastic position.  As he holds both sides of every single issue.  All you have to do is wait, and he will say nearly the exact opposite of what he said previously.  Some folks actually probably believe that Trump was going to unveil a Republican helthcare plan in two weeks.... 6 years ago.....

No shit. He's devolved into a candidate telling whatever his audience wants to hear at that particular time and then promising the exact opposite to the next group.

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Posted
3 minutes ago, C-Man said:

No shit. He's devolved into a candidate telling whatever his audience wants to hear at that particular time and then promising the exact opposite to the next group.

that was the norm back in the day.  McCullough’s excellent biography of Truman talked about him going to rural areas of Missouri and saying one thing - and then going to the big cities and saying the opposite.   They did not allow unfriendly reporters to accompany them, and there were no cell phones to record stump speeches.   To a great extent that was always normal politics - at least until we had the ability to record every word out of a politicians mouth, no matter where he or she went.

Posted
3 hours ago, horn4life said:

I think it's funny that some of you actually think that the ramblings of a misinformed man are "policies." 

 

If that's the case Trump is in a fantastic position.  As he holds both sides of every single issue.  All you have to do is wait, and he will say nearly the exact opposite of what he said previously.  Some folks actually probably believe that Trump was going to unveil a Republican helthcare plan in two weeks.... 6 years ago.....

I think everything he says is pure bullshit. The problem is the 70+ million people do believe everything he says, even when it's the exact opposite of what he just said, and many of those live in states where the election may be decided by less than 100k votes. There is no sensible reason why he's still a viable candidate, other than people are fucking idiots. 

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Posted (edited)
3 hours ago, horn4life said:

What is most interesting to me at this point in time is how Netanyahu is trying to tilt the scales in Trumps favor.  Like Trump Netanyahu must stay in power, or he is likely going to be convicted and incarcerated.  But Netanyahu's recent excalations are having an effect. In trying to help Donald Trump, in two ways. First he makes it impossible for the Biden/Harris administration to do much of anything before the election, to counteract Netanyahu's decision to push closer to a regional war.  Which in turn hurts Harris in Michigan, with it;s large Muslim population.  In essence it drives a wedge into turnout and support amoung this demographic.

Secondly instability and responsibility usually fall on the incumbent.  

If you doubt my assertions, look at the DJT stock price.  After heading towards this shitter, likes it's balance sheet, the stock is again rising.  Thanks Netanhayu.  

It's amazing that both Isreal and the United States we allowed be led by men as completely corrupt and amoral as Trump and Netanyahu.  But that's where we are today.  Trump is praying for a wider way in the Middle East to help sell chaos.  And he has a willing participant in Netanyahu, how will do anything and sacrifice every single hostage, to preserve his own personal freedom.  Everything and everyone else is collateral damage.  Exactly like Donald J. Trump.

Usually, having some kind of "existential enemy" galvanizes a country and keeps it sort of on its toes, see the Cold War and the fact that we've been sort of lackadaisical nationally since its end.

Trump has made up such an existential enemy in vague terms of non-whites, non-Christians, and Democrats as a whole.  Although Israel has real, but ineffectual, existential enemies, Bibi has exaggerated them and provoked and even lain behind the log to create a tail wags dog scenario.

But those who see clearly see that it is Trump himself that is the existential enemy.

Fuckers.

Edited by TwiceHorn
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Posted
4 minutes ago, TwiceHorn said:

Usually, having some kind of "existential enemy" galvanizes a country and keeps it sort of on its toes, see the Cold War and the fact that we've been sort of lackadaisical nationally since its end.

Trump has made up such an existential enemy in vague terms of non-whites, non-Christians, and Democrats as a whole.  Although Israel has real, but ineffectual, existential enemies, Bibi has exaggerated them and provoked and even lain behind the log to create a tail wags dog scenario.

But those who see clearly see that it is Trump himself that is the existential enemy.

Fuckers.

Great post. Trump didn't make them up, though. The menace of liberals and the redefinition of that word to just mean evil doers was the creation of Rush and Ronnie. 

Liberals were/are the new Juden. In many ways, if not in all ways, it works even better than choosing an group that really exists. The illusory liberal looks like you and me! They may be anywhere! 

You lap up that vomit long enough and it gets into the bloodstream and the brain.

This is how they'd have it:

But I doubt enough of them have the stones in a heavily armed county to pull a Krystal Nacht.

Odd. The guns they want to protect family and county would be turned on them to actually fulfill that role.

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Posted
1 hour ago, RomaVicta said:

Great post. Trump didn't make them up, though. The menace of liberals and the redefinition of that word to just mean evil doers was the creation of Rush and Ronnie. 

Liberals were/are the new Juden. In many ways, if not in all ways, it works even better than choosing an group that really exists. The illusory liberal looks like you and me! They may be anywhere! 

You lap up that vomit long enough and it gets into the bloodstream and the brain.

This is how they'd have it:

But I doubt enough of them have the stones in a heavily armed county to pull a Krystal Nacht.

Odd. The guns they want to protect family and county would be turned on them to actually fulfill that role.

Never forget that Roger Waters is now a fascist. 

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Posted
1 hour ago, TwiceHorn said:

Usually, having some kind of "existential enemy" galvanizes a country and keeps it sort of on its toes, see the Cold War and the fact that we've been sort of lackadaisical nationally since its end.

Trump has made up such an existential enemy in vague terms of non-whites, non-Christians, and Democrats as a whole.  Although Israel has real, but ineffectual, existential enemies, Bibi has exaggerated them and provoked and even lain behind the log to create a tail wags dog scenario.

But those who see clearly see that it is Trump himself that is the existential enemy.

Fuckers.

I think someone forgot to tell Russia they lost the cold war.  I think the US has been celebrating a win up 16-10 while the GRU has been running the HUNH deep in the forth.  And "conservatives" are chasing the coach around with the Gatoraide bucket whilst he's trying to get the team to finish the game.

tl/dr  - Mission Accomplished.gif

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Posted
10 hours ago, SydneyCarton said:

Never forget that Roger Waters is now a fascist. 

Yep, bitched about rich people and authoritarians and I guess gazing into that abyss too long turned him into the monster.

Lesson learned - don't be a Roger, be a Dave, Nick, or Rick.

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Posted
21 hours ago, Gatorubet said:

 

Co-sign.  and if you told me to pass calculus or my sons would die I would just kiss them and say “goodbye. Daddy loves you.”

I made higher grades in three levels of calculus, differential equations and applied mathematics than accounting. 

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Posted
1 hour ago, Fudge Nuggets said:

I made higher grades in three levels of calculus, differential equations and applied mathematics than accounting. 

 

10 minutes ago, G650 said:

Calculus was pretty easy except DiffEq. Fuck that noise

The harder the math got, the easier it was for me. Same with accounting weirdly enough.

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