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Yeah. Learn to read a conversation. Was your 4.0 from a clown college?

Being the world’s foremost expert on IRR clearly pays well.

you wouldn’t know him as he’s one of the thousands of private company billionaires in the US that never get on the Forbes list. but you would be shocked if I told you some of the assets he owned.

?? I know a self made billionaire who made his first 50 or so million in a commodity arbitrage that had nothing to do with fungibility - actually it was the opposite of fungibility.

No ISDA. No counter party capitalization, but no retailer could ever run the strategy.

I disagree that real arbitrages don’t last long. when I sat on the bank desk we ran an pure arbitrage strategy for years. To my knowledge the opportunity still exists.

that thought made me smile.

diamond hands never sell. They also don't exercise. They let their options expire worthless.

How many of them have banners behind them saying "Impeach Trump"

yeah. They have a bad reputation for quality. My parents have a range rover and haven’t had any issues but it’s only been 2 years or so. still the car looks cool. Cloth seats and rubber dashboard!

look at that low plane!

New Land Rover defender looks pretty sharp.

saltynuts is one of the worlds foremost experts on calculating IRR.

That won’t solve anything. Stop buying foreign made stuff that is cheaper. When you go to McDonald’s demand to pay 20 dollars for that value meal.

After you close the position get a new broker.

Look up time weighted returns and money weighted returns. pick the one that makes the most sense for you.

you couldn’t sell any anyway. If you listened to the dum dums then you were dumber than them.

then why are you blaming the dum dums?

trade the more illiquid leg first. that way you know what your limiting factor is on your cost basis.

If you didn't short more even though you wanted to, you are the dum dum even with your 4.0 GPA from 25 years ago.