I hate to be a downer on potential war with Iran. But after Korea, Vietnam, Cuba, Lebanon, Somalia, Afghanistan, Iraq, Libya, & Syria I have some skepticism.

$CRCL today is why shorting calls is a stupid idea. Market can be stay crazy longer than you can stay solvent.

天下大同，不过不是你想象的方式。

中国已经通缩成这样了，还没有开始两边卖军火发财。算得上仁至义尽了。 逼急了给各大国敞开供应无人机和耗材，把其他国家年轻人都消耗光也不是不可以。 美国已经打样了。

seekinganythingbutalpha 中国通缩其实已经过了最难过的时候, 美元从最高点贬值10%, 后续还要接着贬. 现在RMB汇率要不是人为压着,早下7了, RMB只要想放水, 有充足的空间. 国内以国补的形式消费品放水都放到第二轮了, 效果其实不错. 不过经济基本面的改善和公司一样, 不是一蹴而就的,

China's retail spending is up, and it can stay up as long as China's willing to borrow through central government. This is the same argument given when US did the stimulus! That "This essentially means borrowing from future consumption to prop up current spending — potentially

又搞动作。中美贸易战估计得打到有一个给全世界直播下跪为止。

Added risk reversal this morning on $PGR at 261$. Short term pain, but 10-18% CAGR at 16X PE and 8.5% FCF yield seems cheap. Hidden leader in AI for insurance, one of the most competitive cost and underwriting discipline leader. 86% combined ratio (14% net earn on writing)

$DIS One of my all time favorite Pixar movies is Wall-E released in 2008 (ominous year btw). Underrated film. I 100% believe Disney should create a sequel for it. It was a huge commercial success, so why not? There’s SO MUCH material to use now given how much technology has

“这次去打伊拉克，我们要杀死所有的伊拉克复兴党人，和两个骑自行车的人。” 媒体花了半年时间讨论为什么，以及是哪两个骑自行车的人。

美国不宣而战袭击了伊朗的核电站。 活久见。