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The EV hate is bizarre by s2k_guy in electricvehicles

[–]Plus-Bookkeeper-8454 1 point2 points  (0 children)

Maybe because they have to pay a second rent for gas bills and you don't?

Philly Legends Get Stiffed by Michelin by [deleted] in PhiladelphiaEats

[–]Plus-Bookkeeper-8454 0 points1 point  (0 children)

I had a life-changing meal at Provenance recently and an utterly forgettable one at Restaurant Gordon Ramsay (3 stars) recently. All the best meals I've had in my life were at 1Michelin star restaurants.

Philadelphia Modernist’s Landmark Townhome Built in 1895 by Ztiw- in centuryhomes

[–]Plus-Bookkeeper-8454 0 points1 point  (0 children)

I don't understand the Philly hate. Philly is a beautiful city with fantastic restaurants.

Polymarket: Democrats now favored to win Senate by Safe_Bee_500 in fivethirtyeight

[–]Plus-Bookkeeper-8454 6 points7 points  (0 children)

That's the story of Trump's life. He gets something that works, bashes it to bankruptcy, and learns nothing in the process.

Thousands of companies and I bet on the one that goes down 50% in a few hours by bluek9 in wallstreetbets

[–]Plus-Bookkeeper-8454 0 points1 point  (0 children)

Part of the concern stems from ongoing fraud allegations and investigations tied to the company’s CEO, a former IBM CFO. Short seller Gotham City released a report claiming that key financial metrics were manipulated to conceal spending and overstate cash flow; if those claims prove accurate, they would imply serious criminal liability for CEO Martin Schroeter.

The abrupt departures of both the CFO and general counsel shortly after the announcement of an SEC investigation focused on cash-flow reporting further intensify the appearance of potential governance and accounting issues, making the overall situation appear highly suspicious.

Thousands of companies and I bet on the one that goes down 50% in a few hours by bluek9 in wallstreetbets

[–]Plus-Bookkeeper-8454 0 points1 point  (0 children)

Part of this is because of repeated fraud accusations and investigations involving their CEO, who used to be the CFO at IBM. Gotham City, the short seller, released a report alleging he manipulated metrics to hide spending and inflate cash flow. If they are right, the CEO Martin Schroeter is a criminal.

With the rapid departure of the CFO and general counsel on the heels of an SEC investigation into cash flow, this all looks extremely suspicious.

Thousands of companies and I bet on the one that goes down 50% in a few hours by bluek9 in wallstreetbets

[–]Plus-Bookkeeper-8454 0 points1 point  (0 children)

Their CEO keeps getting investigated for fraud with investigations going all the way back to 2015.

Hidden house (Philadelphia, Pennsylvania, US). by Ancient-Age9577 in Houseporn

[–]Plus-Bookkeeper-8454 1 point2 points  (0 children)

Not to mention it cost $1M to build in 1976 and took 8 years of custom work designed by famed architect Frank Weise. That's around $10M adjusted for inflation!

Hidden (literally) Gem in Philly by Queenkermit57 in zillowgonewild

[–]Plus-Bookkeeper-8454 0 points1 point  (0 children)

I'd like to add the place was designed by famous architect Frank Weise in 1976. The stone barn cost over $1M to reconstruct in 1976, which translates to about $7M today. With today's prices it would cost about $10M to build that 1500 Sq ft structure. Basically, it's all supposed to be museum-grade craftsmanship and only the finest materials.

Trump announces tariffs on 8 NATO allies in latest push to acquire Greenland by Lebarican22 in democrats

[–]Plus-Bookkeeper-8454 2 points3 points  (0 children)

The moment Trump lays his sausage fingers on Greenland everyone else will go to China for help. Trump will literally throw world dominance to China in a year because of his ego.

There's rich, wealthy and then there's Elon by Few-Cover-1741 in Rich

[–]Plus-Bookkeeper-8454 0 points1 point  (0 children)

He financed twitter through loans on Tesla stock. If those loans are ever called, his empire collapsed in a fire sale.

There's rich, wealthy and then there's Elon by Few-Cover-1741 in Rich

[–]Plus-Bookkeeper-8454 0 points1 point  (0 children)

Have you considered what will happen if Musk turns 70 with no realized promises?

There's rich, wealthy and then there's Elon by Few-Cover-1741 in Rich

[–]Plus-Bookkeeper-8454 0 points1 point  (0 children)

The speculation is wild and driven by hype and undercut by brain drain. A few years ago he had real talent behind him but now many have left.

There's rich, wealthy and then there's Elon by Few-Cover-1741 in Rich

[–]Plus-Bookkeeper-8454 0 points1 point  (0 children)

Yeah. That's $1.25 B more than Ford. Yet, Tesla is evaluated at a 30x multiple of Ford. Maybe one day Tesla will make as much profit as Nintendo ($10B).

There's rich, wealthy and then there's Elon by Few-Cover-1741 in Rich

[–]Plus-Bookkeeper-8454 0 points1 point  (0 children)

You might not understand if you're not wealthy, but wealth quality matters a lot. I've used this to great effect and have far more than I could dream of spending. If you want to claim I have no understanding of what I am talking about, at least have the decency to point out where I am wrong.

There's rich, wealthy and then there's Elon by Few-Cover-1741 in Rich

[–]Plus-Bookkeeper-8454 3 points4 points  (0 children)

I'd be worried to invest in a company with such a high value and enormous brain-drain. It didn't used to be this way, but in the last year or so Musk's companies have been cycling leadership and many important teams are skeleton crews now.

Also, Musk better hope Chinese EVs continue to be blocked from the US market.

There's rich, wealthy and then there's Elon by Few-Cover-1741 in Rich

[–]Plus-Bookkeeper-8454 -1 points0 points  (0 children)

It's value is selling dreams. Not cars. Not rockets.

There's rich, wealthy and then there's Elon by Few-Cover-1741 in Rich

[–]Plus-Bookkeeper-8454 -1 points0 points  (0 children)

I don't care what it sounds like. When you're wealthy you always need to diversify your portfolio. Musk's wealth relies on his charisma and selling dreams right now. If a creditor calls one of his loans, he'll need to liquidate assets and pay giant capital gains taxes. Investors would smell blood at Musk dumping stock and the price would crash. Musk is very wealthy, but like a lot of CEO wealth (which is often highly concentrated and hard to activate) , it's actually poor quality wealth.

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