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I never said I am 100% sure that we will never see a certain level on bitcoin. I am simply saying that I THINK that we won't get to a level of $15K based on historical trading patterns and fundamentals. There is a huge bid out there based on how many hardcore bitcoin enthusiasts there are out...

I'm a buyer at $15K, but I don't think it gets there again in my lifetime.

Jordan Fleer rookies are not rare with estimated print runs of 150K-200K, and unless all six are perfect 10 condition, there's no way they're worth more than $1 million.

There are ETFs with partial exposure to Russia that have written down the value of any Russian stocks to zero, such as DEM and others. There could be some marginal upside since the stated NAV is lower than the economic reality. Probably not a ton of upside considering it's a small portion of the...

If you buy an asset during a crisis, be prepared to lose 100% of your money. Most of the time you end up with Lehman brothers and lose 100% of your investment, and sometimes you end up with Bank of America (10x return).

Can't they just buy total return swaps from banks and remain as an ETF? Not sure about whether that violates any sanctions but that seems like the path of least resistance.

Why would Russian trolls waste their time posting on ET of all places? All I'm saying is that the fundamentals of Russian stocks are favorable relative to many other markets across the globe based on a variety of factors (P/E, P/B, P/S, Schiller P/E, market cap to GDP, historical currency, %...

Russian stocks are the most favorable risk:reward trade I've seen in the last couple years. The only question is will Americans be able to participate. Trading is restricted and we might not be able to invest in Russia for a while.

I enjoyed the Most Important Thing, but haven't gotten around to reading his latest one.

https://www.oaktreecapital.com/docs/default-source/memos/the-winds-of-change.pdf Not a whole lot in his latest memo on his current positioning on markets. A lot of "we'll see" and "could be". TLDR: The investing environment has changed rapidly due to technology and will continue to create...

So TSLA added the market cap of GM today on a gamma squeeze. Totally normal folks, nothing to see here

The Pandora papers will not expose US politicians. Even though Putin is corrupt, the leak was likely created by the CIA to destabilize Russia

Thanks for sharing. I've had trouble trying to track down updated mining estimates. In a thread full of rampant hand waving speculation, marginal production cost is the only thing that matters in the medium-term.

If I were an oddsmaker: Prison time -200 No prison time +160 O/U total time served: 1 year

How is everyone trading the action tomorrow? I sold short dated calls this afternoon and would not be surprised if this ripped higher tomorrow morning and then lost strength later in the day.

This is nothing new. Lyndon B Johnson said "I'll have them [racial slur] voting Democratic for two hundred years."

So COIN has roughly the same market cap of Target. Bought some shares on the greater fool theory, but I have a feeling that I'll end up being the fool at the table

Over under on how many hedge funds will end up blowing up over this?

Can't support $60, next stop is $40

I see Biden is back to refilling the swamp, just like his old friend Barack '$100 million book deal' Obama.