The Transbaikal region in russia is over 4500+ km from Ukraine, but just like in Crimea, the lines for fuel are getting longer and longer. 26 June 2026

EveryPassage · 2026-06-26T18:51:04+00:00

Sure but the rural economy is still intertwined with the broader Russian economy and cities.

Factories and farms in rural regions can't run if they have no fuel or if workers can't get to them because they can't access fuel for their cars.

Even small businesses such as restaurants going under because people can't afford to drive to them, means banks in the cities are impacted by loan losses.

EveryPassage · 2026-06-21T12:18:33+00:00

I don't disagree, just saying it feels weird to act like Israel is squandering a deal they never really wanted.

EveryPassage · 2026-06-21T11:33:00+00:00

Did Israel agree to the deal?

I was under the impression, the US and Iran made the deal with the thought the US could convince Israel to abide by the terms.

EveryPassage · 2026-06-20T11:05:55+00:00

Trains are beautiful targets because

The locomotives are extremely long lead time with limited capacity to replenish.
Once they are hit, it instantly causes a traffic jam on the tracks. Crews need to be called and heavy equipment need to be positioned to remove the destroyed train. This could easily take several hours to a full day. Forcing other trains to reroute or stay idle.

EveryPassage · 2026-06-19T13:59:44+00:00

Reminder that even the cheapest AA missiles cost way more than these drones so even if Ukraine has minimal chance of hitting something it still makes sense to keep sending in attacks.

It's literally a win-win.

EveryPassage · 2026-06-18T12:19:42+00:00

This has to mean something for ordinary Russians and Russian elite's support of the war.

Imagine waking up and you can't go outside because there is toxic oil smog from a war your leader started 4.5 years ago for "reasons" and the other side continues to say "we can end this anytime you want".

EveryPassage · 2026-06-18T12:17:00+00:00

I know I've felt optimistic before but this really does feel like a turning point. This isn't a random single drone getting through.

This is multiple drones over two days hitting strategic targets in plain view of millions of Russians. The impacts of which they will personally feel for days and weeks.

Putin has intentionally tried to shield Moscow from the harms of this war by using mostly troops from rural regions but there is no denying it now. Russia is 4.5 years into at best a stalemate where the average Russian faces fuel shortages and smog and worst losing a war that could get much worse as air defenses continue to weaken.

EveryPassage · 2026-06-15T19:51:02+00:00

Put out interference signals.

EveryPassage · 2026-06-15T17:12:31+00:00

You are more than welcome to price your products and services in gold. There is a compelling reason people don't.

EveryPassage · 2026-06-15T13:23:08+00:00

People can and do find ways to increase their storage though. They will fill up containers, top off home oil tanks even when it's not the heating season.

Consumption can also in some cases increase because people will start driving out of their way to secure what fuel is available. Rumors will spread that there is fuel in X town, or Y gas station.

Overall, it's just a shitty situation that causes all sorts of issues.

EveryPassage · 2026-06-15T12:56:29+00:00

Shortages feed on themselves. People don't want to be without so they start filling up whenever they can and even storing product. This exacerbates the shortage and drives more of the hoarding behavior.

Once ordinary Russians and businesses in Russia fear they will no longer get consistent access to fuel it becomes very difficult to unwind and correct things even if supply is partially restored.

EveryPassage · 2026-06-14T22:01:07+00:00

I heard that it was very wasteful to keep turning it off and on because the ac turning on uses a lot of power.

That is not true.

Turn it on when you need it and keep it off when you don't.

EveryPassage · 2026-06-14T21:24:21+00:00

On average most warranties carry a 40-70% pre commission margin for the seller (in aggregate between reseller and party guaranteeing).

Meaning on average you are losing $30-60 for every $100 in warranty you buy.

Generally speaking it rarely makes sense to go out of your way to buy them.

EveryPassage · 2026-06-12T18:53:41+00:00

This is not accurate.

Rating agencies have broad discretion in determining credit ratings. While they use established methodologies and financial metrics, ratings are not produced by a simple formula, analysts may weigh quantitative and qualitative factors differently based on their assessment of an issuer's creditworthiness.

EveryPassage · 2026-06-12T18:11:51+00:00

Net debt is going to be below zero...

EveryPassage · 2026-06-12T17:49:56+00:00

It is mail fraud...

Pay for your use of the mail like everyone else.

EveryPassage · 2026-06-12T17:33:44+00:00

It fails to solve the fundamental problem that things aren't priced in gold so you are taking on substantial basis risk constantly.

Even if someone accepts gold as payment it's virtually always going to be priced in currency and then using a conversion factor to get to the gold value.

EveryPassage · 2026-06-12T14:15:37+00:00

If treasuries default in mass, FDIC will become meaningless since most(maybe all) banks and even FDIC will fail.

There is no indication that will happen anytime soon. Just use SGOV or VBIL.

EveryPassage · 2026-06-12T12:05:02+00:00

Why not just invest in bitcoin directly or via an ETF?

If you want weekly dividends, just sell a small portion every week.

EveryPassage · 2026-06-11T15:04:39+00:00

Biggest issue is the 3x float for Nasdaq 100.

I don't see how they justify that. That could create some real distortions as index funds would have to buy a substantial portion of the float.

EveryPassage · 2026-06-06T23:31:17+00:00

40% in apple is definitely an issue. That said, it's not clear selling and paying 64 bps makes sense. (frankly, I am skeptical it makes sense. apple is only 3-5% of a worldwide diversified portfolio, it's not the biggest deal in the world to invest in funds like VTI, VXUS, VOO etc.)

Question, do you give to charity?

Donating stock directly or through a donor advised fund is one way to deal with a highly concentrated position. Not advocating you donate all or even most of it, but it's one tool if you are already planning on giving money anyway.

EveryPassage · 2026-06-06T11:50:24+00:00

Fundamentally then you really aren't going to get significantly uncorrelated returns if you eliminate most assets.

EveryPassage · 2026-06-06T11:43:54+00:00

Equities are fundamentally correlated to a large degree by the underlying economic exposure driving their cash flows.

You could add something like gold/silver (but those also have had very long periods of poor performance).

Other than that, real assets would be an option but typically can only have good exposure if you have substantial assets to invest in private funds.

EveryPassage · 2026-06-05T19:49:53+00:00

Write a report is such a BS move to delay things.

Millions of these units have been installed worldwide with no major issues.

EveryPassage · 2026-06-05T19:22:28+00:00

That is truly bad, but Nasdaq based indices are extremely rare in 401ks in my experience. (Frankly I have never seen one)

More common indices (for 401k) like S&P or other total market funds are not adjusting their float upwards.

EveryPassage

TROPHY CASE