CIO at FortyTwo Capital | Marathon Runner | Cyclist

Joined July 2009
59 Photos and videos
Houston, we have a problem! #gercuw
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Schadenfreude blijkt toch altijd weer één van de lelijkste kanten van de mens. En om Abraham Lincoln aan te halen die het zo treffend zei: “It’s better to remain silent and be thought a fool than to speak out and remove all doubt".
Als je je afvraagt waarom ze bij Jong Beleggen vóór belasting op ongerealiseerde winsten zijn… Dit is hun portefeuille.
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At least one party is showing some dignity in their communications
BREAKING: Iran's President Pezeshkian responds to President Trump's threats to target Iranian infrastructure calling it "a sign of desperation." Full statement: "Critical infrastructures are the lifeblood of the people. Threats to target them, from transportation networks to the electricity and water industries, are not a show of strength but a sign of desperation in the face of a nation's will. Iran, relying on the knowledge and capabilities of its specialists, national unity, and solidarity, will stand firm against any pressure or threat," Pezeshkian says.
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And in a little graph. We are talking about just one month 🫡. $FFH.TO
Does anyone know $FFH.TO's shares outstanding after these buybacks? I wonder if we'll see under 20M by EOY.
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Disgusting practices in finance will never disappear. By avoiding these price targets, even the average investor can get ahead from the not so average investor.
If you still believe in price targets, please let this convince you to stop attaching any credibility to them.
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Jan Klein Poelhuis retweeted
For a president of the United States to nonstop shitpost this kind of ass-vomit and dumbfuckery, the degree of derangement, jealousy, and insecurity has to be off the charts.
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What a time to be alive 🥹
The Iranian navy, which has been destroyed eight times, has apparently closed the Strait of Hormuz again, because the United States, for the seventh time, won the war that wasn’t a war, so now the United States has to open the Strait of Hormuz that was already open before the not-war began. The not-war began because Iran had uranium that was totally, completely, beautifully obliterated, so they can’t build the nuclear bomb they weren’t building, which is why the United States had to start the not-war it definitely didn’t start. Now the United States, which has nuclear weapons, is threatening to use nuclear weapons to stop Iran from getting nuclear weapons, because nuclear weapons are far too dangerous for countries with nuclear weapons to allow other countries to have. If the United States saw the United States doing what the United States does in other countries, the United States would invade the United States to liberate the United States from the tyranny of the United States.
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Agree with Ronald's take. $adyen is experiencing a perfect storm. It would definitely benefit from an experienced CFO who can add some weight into the current board setup.
$adyen Peak uncertainty post 1) first acquisition ever 2) cfo leaving 3) no capital allocation policy 4) BNP/Exane doubting medium term guidance (created own smaller TAM) and now 4) Cleveland making a case checkout is gaining share and more price competition....
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No, great comment. With dividends reinvested $FFH.TO would definitely come out on top. Rookie mistake to exclude dividends 🫣.
Replying to @janklp
Are you including dividends for $FFH.TO?
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Did a little work with Claude this morning to compare the Nasdaq with $BRK, $MKL and $FFH. Picked the 1994-2026 period because of the 1994-1999 build up of the Dotcom bubble. Interesting to see that CAGR's are relatively similar although current valuations are hugely different.
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This one is so true!
May 31
Check - always check Ego @Gautam__Baid
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This won’t age well. Feel sorry for the investors who will eventually suffer from flexing index inclusion rules and are going to read this as a case study somewhere in the 2030’s.
May 29
Rule changes for the SpaceX $SPCX IPO: Index providers waived the profitability requirement and cut the seasoning window from 90 days to 5. This forces over $30 trillion in passive 401k and retirement money to buy SpaceX at IPO valuations. Bloomberg Intelligence estimates S&P 500 funds must absorb 19% of SpaceX's float within 6 months. Russell 1000 and Nasdaq 100 funds will absorb 24%. The rules built to protect passive investors: 1. S&P 500 has required 12 months of trading and 4 quarters of GAAP profitability since 2002. Both waived. 2. Nasdaq cut its inclusion window from 90 trading days to 15. 3. FTSE Russell cut its to 5. All three benchmarks are now structured to buy SpaceX at IPO pricing.
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Jan Klein Poelhuis retweeted
Not a great enodrsenent for the Bitcoin narrative.
JUST IN: 🇺🇸 Treasury Secretary Scott Bessent says the U.S. Government has seized $1 billion of Iran's crypto: "Just outright grabbed the wallets. Some of them may be typing in right now and might not realize their wallet had been grabbed."
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It is quite disappointing how @Garmin is treating its customer with the 27.09 firmware that seems to break a lot of premium watches like the Forerunner 955. It has been this way for months and there is not a single word on a future firmware fix. Might explore @COROSGlobal instead
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Absolutely true! It is disgusting that I) it happens at all and especially that II) it happens without any shame in the great wide open. Human decency is completely absent in these so-called ‘politicians’.
Elected officials – Republicans and Democrats - should not be allowed to trade individual stocks. This shouldn’t be hard to ban, but neither party will do it. So offensive to the people they ‘serve.’
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Waanzinnig hoe de ‘wetenschap’ losgezongen kan zijn van de realiteit. Op papier is de markt rationeel, realiseert een belegger consequent 9% rendement per jaar. De realiteit is echter anders. Gelukkig wordt meneer Jacobs rustig doorbetaald uit publieke middelen 🙃.
Hoogleraar @_basjacobs noemt rente-op-rente een ‘spookverhaal’ omdat z’n modellen uitgaan van perfecte rationaliteit. Toch betaal je straks wél elk jaar belasting over papieren winsten, ook als je geen cash hebt en de beurs crasht. Da’s de realiteit die Bas negeert, waarom Bas?
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Last one of Q1 2026: my take on the $BN results. Likely the hardest company in my portfolio so feel free to push back, add to it, or comment in any other way.
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Remarkable that $ffh has sold its entire $oxy stake in the first quarter. Given how well Fairfax usually handles commidities, selling Occidental near the trough of the cycle feels odd.
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My take on the $NU Q1 2026 results. Once again, impessive results but with a couple of attention points that require monitoring in the next releases. Going to add to the position that is currently sized as library card. As always, keen to hear opposing views!
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My take on the Fairfaix $ffh Q1 2026 results. Apparently, Mr. Market and I are in strong disagreement about what this business should be worth. What am I missing? Looking for some pushback on the X machine that can prevent me from making this already sizable position even bigger.
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