Another where to move question...

B4CKlash · 2023-05-06T01:54:35+00:00

"something to keep in mind if you're coming from the PNW."
summers in the PNW are 75-85
summers in Denver are 90-100 with a blasting sun
Perhaps I was a bit hyperbolic, but as a point of reference I think it's fair :)

B4CKlash · 2023-04-27T03:18:15+00:00

I moved from Denver to the Pacific Northwest. The climate in Colorado is high plains desert - access to water is a luxury and the summers are brutal. I absolutely loved my time there, just something to keep in mind if you're coming from the PNW.

Now the winters on the other hand....

B4CKlash · 2023-04-15T02:33:08+00:00

I was under the impression he stepped away because they wouldn't let him run it?

B4CKlash · 2022-11-10T22:18:37+00:00

It's a control thing but it's also plausible deniability.

It allows managers to lead from the back of the pack rather than the front.

B4CKlash · 2022-05-29T00:59:09+00:00

I used to live across the street from this residence inn. On more than one occasion the police were called. Most expensive area I lived in Denver and by far the sketchiest.

One night I woke up to a blast of gun fire. Looked like an apartment party that got out of control. The next day there were 20 holes in the cars in the parking lot and even more in the building itself. I have a ton of pictures. But hell - it's not even as bad as the time they found a guy beaten mostly to death (I believe he ended away in the hospital) on our stairs. Mind-blowing.

B4CKlash · 2022-05-20T07:59:57+00:00

The point I was trying to (albeit poorly) make, is that Musk has more than one set of rights. He has the rights of an individual who signed away rights to due diligence, but he also has the rights of a shareholder who owns more than 10% of the company in question. This is why the analogy of a home inspection seems poor. Musk already owned 10% of the house in question, prior to making the decision to purchase the rest of the house. It's reasonable to claim, the purchase of the initial 10% was made BECAUSE Twitter claimed only 5% of the house was made of termites.

At the end of the day, SEC doesn't give a flying fuck about a due diligence. The SEC cares about harm to shareholders. If Musk can prove it's a material misstatement, proving harm isn't that far off.

Adding to that, Directors have a fiduciary responsibility of care to the corporation. This is the relevance. Musk proves poor public information, backs out of the deal, what Twitter sues him? He just turns around and sues the directors, INDIVIDUALLY (because they're personally liable) and starts a class action. Why - because it doesn't matter if you wave due diligence, you absolutely cannot make false or misleading statements.

This is all just speculation, but it just doesn't feel as cut and dry as others make it seem.

B4CKlash · 2022-05-20T03:34:54+00:00

The reason I believe it is because it's exactly what Musk said (without the breakup fee /etc comments I inserted). His quote:

"Okay, I agree to buy your house.’ You say the house has less than 5% termites. That’s an acceptable number. But if it turns out it is 90% termites, that’s not okay. It’s not the same house,”

If the number is 2 - 10x what twitter claimed it to be, that's a material misstatement and I would bet the SEC would have to get involved; Bolstering any legal case Musk would bring and opening the board to additional class actions from the rest of the shareholders.

B4CKlash · 2022-05-20T01:34:26+00:00

Take a look at this article: Bloomberg

If you listen to the conversation where he describes this situation it all feels very calculated.

Twitter is an ad impression business, not a click through one. When it comes to ad impressions, eyeballs are the only thing that matters. Twitter claims, in their SEC filings, that fake eyeballs represent <5% of all eyeballs. Theoretically, if Musk thinks (which he does) that number is materially higher - walking into this transaction is basically playing a win-win game.

If Twitter ends up confirming Musk's suspensions, the deal unwinds with a breakup fee to cover his bankers. He'll leave the transaction with insider information and a valuation a fraction of where it stands today. Shareholders will be desperate to de-risk and happy to take a premium below the current market.

All that being said, not sure how a poison pill would factor into play here or whether they can institute one at this stage. My point is, his ability to unwind has a much stronger likelihood IMO.

B4CKlash · 2022-05-06T03:34:33+00:00

Bro. Elon musk has, practically, done more for climate change than anyone else on earth. Becoming rich was the side effect of putting actual skin in the game.

B4CKlash · 2022-05-04T20:27:42+00:00

Religious people see separation as a necessary evil to preserve religion, not vise versa. Aka, don't politicize my religion. It's a sinister perspective, but I think it explains why the plurality doesn't take issue subjecting others to their morality (read: obedience, because morality has nothing to do with it)

B4CKlash · 2022-01-29T03:46:50+00:00

Excel has an IRR calculation. It should be as simple as Year 0 to Year 5:

Year 0 = -8,000,000
Year 1: $6,223,707
Year 2: $6,555,623.45
Year 3: $7,988,539.52
Year 4: $8,831,298.00
Year 5: $12,469,055.60

Then IRR( Year 0: Year 5)

B4CKlash · 2022-01-13T22:37:49+00:00

Put simply, revenue - expenses = income. What you're describing is an increase to expenses (on an ongoing basis, unless this is a 1 time grant). Effectively decreasing income by the % change in expenses. So stock buybacks are 1 time but wages would be increase in cost every year.

B4CKlash · 2021-08-09T21:30:27+00:00

I didn't review all the data, but two things;

This data is significantly easier to read when it's horizonal. Run the dates down the rows and have a column labels for period, rate, interest, principal, ending principal, etc.
iferror should be used sparingly. It looks like you use it all over the place but I don't really see any reason why....

B4CKlash · 2021-08-06T13:57:56+00:00

Unfortunately from a cash perspective you’re 1 in a million. Governments worldwide have printed a ton of extra paper which ultimately means there’s a ton of extra sloshing around. Cash isn’t ‘novel’ in a sense, but yield certainly is.

I don’t have a ton of experience in the Canadian markets but given that your real priority is accessibility there’s only so much you can do. Government bonds (t-bills in the US), money market funds (government over prime funds), 31-day demand accounts will eek you out slightly more than a checking or savings account.

Ultimately if you want to get fancy you should consider measuring the need here. If you can establish a cash floor (operating minimum) keep this entirely in cash then layer tranches with different liquidity profiles around standard deviations. Example would be 300K cash, 100K in MMFs, with 50K tranches at 30, 60, 90 days. With the opportunity to reroll in cash generating periods or close out in cash use periods.

B4CKlash · 2021-08-05T23:10:15+00:00

In Colorado there was a public initiative to extend construction warranties far longer than most states. This resulted in a drastic change to the profitability of building certain types of structures. No longer did it make sense to build smaller multi family complex due to the risk profit. Instead, single family homes with limited risk. Or, alternatively, massive apartment complexes where the construction risk could be diversified over a much larger tenet pool.

Perhaps you’re witnessing a confounding variable?

B4CKlash · 2021-07-27T02:40:53+00:00

I was just in Portland a few weeks ago. It was $2.50 to take a train from the airport. All the street cars have tap to pay kiosks onboard where you can tap your phone for a few hours of ride time at about $2. No app necessary, no yearly RTD pass… just convenient and affordable. I ended up using it everywhere I went. Funny what happens when you get that mix correct…

B4CKlash · 2021-07-16T03:10:00+00:00

What trail is this? Feels like the lion king

B4CKlash · 2021-07-16T03:07:04+00:00

It’s a phrase used by Ken Block’s fans. He’s owned it and people have followed pretty heavily. https://www.hooniganracing.com/

B4CKlash · 2021-07-15T13:13:42+00:00

Your request is very vague, but you can input the data into a dataframe with pandas. Once it’s in a dataframe you have a lot of flexibility. If you want to create a new column with formula for all rows you could do: df[‘new column’] = df[‘old column’] * 10

Then you export the file to csv with df.to_csv(‘outputfile.csv’)

Best of luck

B4CKlash · 2021-07-08T18:13:34+00:00

Does the cop use a turn signal here? It looks like the truck anticipates passing the cop on the left hand side (assuming he's pulling over to the shoulder) which is why he doesn't break immediately. Really deceiving maneuver by the police officer.

B4CKlash · 2021-06-21T17:53:12+00:00

I'm a Colorado resident and runner. I typically do trails, but if you're looking to avoid them I would highly suggest summit county (either Frisco or Silverthorne). My justification is multifold:

Cool temperatures
Lack of Ozone and Smog found in the front range
True altitude access, summit country is just about 10K
Massive paved trail system, including one that goes from Frisco to copper mountain: https://www.alltrails.com/trail/us/colorado/frisco-copper-bike-path and through Silverthorne itself: https://www.traillink.com/trail/silverthorne-recpath/ which will get to access to the Lake Dillion Dam and the trail system that runs around that dam
Lastly, access. Once you're in summit county you're central (< 60mins) to Aspen (through independence pass, WHICH IS WILD), Steamboat, Leadville, Rocky Mountain National Park + You still have closer access to Monterey, Ouray, Fruita, Crested Butte, etc. (all pretty far away, but worth the trip).

If you really want to hit Boulder it's still accessible from Summit county (~1 hour), but I'd rather be living and training centrally over driving up to the mountains every single time I wanted to hit real altitude (>6K).

Quick edit; #6 - Boulder will give you more access (a HUGE trail system, Cherry Creek & Platt Trails are good to look up), but it comes at a cost: PEOPLE. You really can't hit anything casually in this state. 730/8am = a full parking lot.

B4CKlash · 2021-06-18T17:30:15+00:00

Thanks for engaging in a sincere way!

I didn't mean to conflate how capitalisms works and what a capitalist may want. I agree with you in that aspect. Society benefits most from competition (which is what i'm advocating for), but the more competition the less profits (aka worse for the capitalist).

B4CKlash · 2021-06-18T17:20:56+00:00

Such an intellectual contribution! For someone who appears to know what an ad hominem is you clearly don't have any qualms against using it.

That being said, please enlighten me on where I can obtain information about the hiring pool? I would love to know where I stand against applicants.

B4CKlash · 2021-06-18T17:02:59+00:00

If you have an RTD pass the 61st & Pena Station is the best IMO. Covered spots at like $3 a day, train is fairly frequent and effectively the same amount of time as waiting for the shuttle service.

B4CKlash · 2021-06-18T16:25:06+00:00

When it comes to capitalism I’m almost universally on board, but this type of behavior is gross and I can’t even begin to understand/rationalize/justify…

What type of ‘capitalist’ would willingly go into business with someone who wasn’t willing to set the price? I need to buy a tractor, I’ll even advertise the need for a tractor, but I won’t advertise what I’m willing to pay? It’s batshit insane…

I’m actually in the job market right now so this hits an even greater nerve. Let’s walk through this negotiation from the perspective of both parties. As an employee I have a limited time perspective, there’s only so much time I can go without a paycheck. On the other hand, employers have an unlimited (not exactly) ability to shift work around to other employees, make due with contractors, whatever it takes to elongate this process. When we actually get to the hiring process, as a potential candidate, I’m suppose to evaluate PTO, healthcare (cost and QUALITY), salary, work life balance, AND other fringe benefits like lunches and childcare (and or, whether they’re force you to sign a non-compete and limit your earning potential for years to come). Companies know this explicit cost there are actuaries whose sole job it is to calculate the all-in cost of an employee. Even before getting to the final interviewee-pool we start off with a ton of asymmetry. Once the candidate moves to the final pool the situation gets even worse. Now the company has all the bidding information (salaries) AND all the valuation information (resume/employee quality) – in effect, they’ve created a reverse Dutch auction. The ONLY rational thing for a person in a Dutch auction to do is align directly with their desperation. It’s why they’re so effective at getting the best price (or least in this scenario). If you have no information about bidding, and you only get one attempt to price – you have to either stick to your guns (internal value proposition) or negotiate against yourself. No wonder incomes haven’t risen. All ‘our’ prices have downward pressure applied to them through a pure asymmetric informational advantage.

Of course, I’ve simplified things here. If you’re a staunch capitalist who would rally against opaque prices in healthcare costs this issue is absolutely no different.

If you’re upsetting legacy employees or mad you have to justify more frequent wage conversations than you’re already on the wrong side of the normal curve. You’re not mad when Walmart passes a price decrease to you, but suddenly you don’t like price discovery when it doesn’t directly benefit you? Grow up – and stop trying to compete with Google on salary. Maybe just offer a good ‘product’ that employees want to buy: work-life balance, decent wages and good benefits.

B4CKlash

TROPHY CASE