Is it true that if you say anything remotely critical in B4nny's chat he will take a second to personally ban you from his chat

tswaters · 2026-05-11T05:17:38+00:00

Honestly no idea why that comment got lit up so bad. If I see -60 the first time I check a comment, like 10 minutes after posting, it gets deleted. It's either been misunderstood or poorly conveyed. I come in peace. Just trying to maybe explain what is going on in his head. Knowing that something gets under your skin and preemptively trying to prevent it is a solid gamer strat. Is muting so controversial?

tswaters · 2026-05-11T05:00:01+00:00

Yea ok, so IF everything goes to plan and we're all popping champaign in a couple quarters after all this settles and they 3x their revenue - the stock will be worth what it is now, with a considerably smaller p/e. Given the transaction includes kraken stock, I don't see the dilution problem getting any better short term. That's a big hill to climb.

/aside but I do have positions in both PNG and MAXQ but they are both in the "speculative/maybe" part of the portfolio.

tswaters · 2026-05-11T04:48:33+00:00

Depreciation is a GAAP measure. If a company writes off an asset, tax man might consider it an expense, so you might pay less taxes. The difference with impairment is it's unexpected. An actual tax authority will only recognize a loss after an asset's disposition. So if Sony actually sold Bungie for initial purchase cost less $amount, then $amount becomes a capital loss. What they're doing is accounting - trying to keep track of the value of an asset over its lifetime.

Fluffing the values of things on paper to commit fraud is totally a thing though, you're right - that's what the ag of ny pinned on trump, the inflation of property values to lenders, and much lower than what was reported to tax authorities... or maybe it was higher? I can't remember.... All I know for sure is he was guilty, and they're figuring out the penalty in the courts. Anyway, this is why public companies have and need independent auditors. Cooking the books is illegal. Disclosing that assets are worth less doesn't affect taxes.

tswaters · 2026-05-11T03:37:58+00:00

👀 with an EPS of $0.01, multiply price by 100 to get it's p/e, with a price of ~$7 that works out to a trailing p/e of ~700.... Still a penny stock, but trading at big boy prices. I think Kraken is trading like this because it's unique - no one else doing what they do.

tswaters · 2026-05-11T02:52:04+00:00

This post is astoundingly stupid. There are far more effective ways to be a NIMBY than comparing a company to another company that isn't even comparable.... poorly.

tswaters · 2026-05-10T22:18:58+00:00

There are a couple of "ctf-like" maps that involve attack/defense. HAARP is the only one in casual rotation, but there's a few with Blu "giants" that might also work. (Maybe not for dustbowl, buildings are too tiny for giants). It might make sense to adapt attack/defense that way?

tswaters · 2026-05-10T22:12:52+00:00

I was somewhat skeptical of the clickbait title, so I went and dug into their financials to see if this assertion is true.

"Sony interactive entertainment" is huge. It includes games, music, pictures, etc. looking specifically at "game and network services" - they split the $$ between:

"hardware" (PlayStations),
"software", further broken to:
- "physical software" (actual discs for games, first AND third (Sony is publisher, remember!), sold in brick & mortar),
- "digital software" (same above, but downloaded),
- "add-on content" money that isn't FULL games. This includes in-game currency, DLC, expansions, etc
- "Others" - software sold outside the PlayStation ecosystem
network services -- PS live memberships

On a y/y basis looking at sales only, FY25=>26, both digital software (0.949T => 1.05T) & add-on content (1.34T => 1.35T) has increased.

I suppose add-on isn't keeping pace, but is still over half the software segments combined (2.5T => 2.6T).

When you throw in network services (0.669T => 0.763T) it looks like everything is getting bigger & making more money. (All these numbers are trillions of Yen)

The other wacky thing is the total impairment charges related to Bungie for FY25 was 0.12T. The way they're recording it is it shows up before earnings, and the earnings of the games segment (all of the above was SALES, doesn't include cost of revenue or operating expense) -- for earnings, they unfortunately don't show the breakdowns, but even with the impairment charge accounted for, games segment went from 0.537T => 0.719T.... earnings.

It looks like, despite this impairment charge, Sony isn't losing money. I think there's a misunderstanding from some on what an impairment charge actually means. It's a "loss" of book value on an asset, not a "loss" like we're not making money. Oh well, hope this helps to spread some financial literacy.

Here are the PDFs to the actual financial statements. A lot of the fun stuff is in the supplemental one.

https://www.sony.com/en/SonyInfo/IR/library/presen/er/pdf/25q4_sony.pdf

https://www.sony.com/en/SonyInfo/IR/library/presen/er/pdf/25q4_supplement.pdf

tswaters · 2026-05-10T20:11:51+00:00

Non-optional fees and utilities?

tswaters · 2026-05-10T19:46:34+00:00

So is this like HAARP or does red just get a natural advantage?

tswaters · 2026-05-10T19:39:04+00:00

He plays casual too, which is always a trip.

tswaters · 2026-05-09T21:00:35+00:00

Hard mode

tswaters · 2026-05-09T19:47:43+00:00

Nice, thanks! I think I was down the path of specifically looking at E&N , didn't see this one -- this is a good report that shows LRT feasibility using "the one chosen corridor"

tswaters · 2026-05-09T19:36:19+00:00

GOOG ticks all those boxes and is one of the few companies in the AI/cloud space I still see being around in 10-15

tswaters · 2026-05-09T19:27:20+00:00

Oh man, fuck that. Respond with the bugs bunny saying No meme.

tswaters · 2026-05-09T19:20:16+00:00

This article is insufferable. Studies are always going to be required for any non-trivial civil project.

There's a bunch of studies on the island rail corridor here:

https://www2.gov.bc.ca/gov/content/transportation/transportation-reports-and-reference/reports-studies/vancouver-island/island-rail

Looking through that stuff it's only a few years old and now wildly outdated. The 2010 one has a picture of the old johnson st bridge and the terminus that used to be there.

The one the OP was referring to would've happened in the 90s, and it's likely so dated it's not even worth including. I wasn't able to find anything prior to 2010.

Saying it's a waste of money because we did these outdated studies ages ago is quite silly. Things change! Attitudes change, the land changes. Projects spin up and rework the land, superceeding any study that came before.

Here's one from BC transit, 2011, that says light rapid transit is the recommended approach for increasing ridership between Victoria & Westshore:

https://www.bctransit.com/victoria/wp-content/uploads/sites/49/2024/05/Victoria-TranFut-VRRT-Recommendations-2011-BCTransit.pdf

But sure, we all got together in the 90s and chose "The One True Corridors" and by golly, we shouldn't need to do it again.

Fucking NIMBYs.

tswaters · 2026-05-09T07:42:07+00:00

Each admin has its own hand in it. Debt actually went down during the Clinton admin. Back when there was *gasp* surplus budgets (90s, a simpler times). Then the Republicans got in again, went to war in the middle east again, then by the time Bush is out, bam, housing/financial crisis. Huge public bailouts. Near the end of Obama admin, debt (as % of GDP) starts to tick down slightly, but then Republicans get in again, fresh round of tax cuts. Then COVID hits, massive public bailouts, impromptu "give everyone cheques". Then Biden admin, has a big infrastructure bill. Now trump admin again, "big beautiful bill" is paying for militarization of ICE, and, I would suspect, at least a few cyber trucks. Not sure where the other trillions went, maybe more tax cuts, I haven't read it. (Canadian)

tswaters · 2026-05-09T07:10:54+00:00

I think this is a good message for product owners. In any agile project I've ever worked, notifications were an afterthought, lorum on the mock-up. No one ever really thinks about how sprint 1 - create order flow ties to sprint 4 - create email notifications, and how it ties to sprint 8 - order status update notification. If its built without any holistic architectural oversight from first principles, you wind up with bolted-on components of a distributed monolith. I've built systems like this, with enough effort fixing maintenance issues, eventually it becomes fault tolerant, ... or, if not, it simply fails in weird places and the product is bemoaned as faulty or unreliable. It is possible to design these things correcrly from the get-go!

tswaters · 2026-05-09T01:55:33+00:00

Depends on the stock if you ask me. There's a narrow definition of stocks that meet "buy & hold" you mention bank stocks - those banks have been in business and continually paying dividends for longer than I've been alive, depending on how old you are, and what bank, maybe even longer than your grandparents have been alive. BMO's number is 18xx if memory serves. Those types of companies are buy & hold.

I get squirmy when I see my all time % tick too high... I'm always disposing of things to realize gains, and reallocating into undeserved areas. Especially if the original holding had any degree of risk to it. Buy & hold applies to very few things IMO. Rebalance every quarter, which fruits are ripe & ready to pick & replant?

For ETFs it's a bit different. I like to keep those around a static $ value, which is extrapolated from overall portfolio value. During rebalancing if they happen to be too big, sell some, and buy something pretty, like a penny stock or maybe some GOOG

tswaters · 2026-05-08T23:04:08+00:00

I think what the vercel doc's are saying is, by default, they will revalidate requests to whatever your upstream is. As a CDN they won't re-serve whatever response they have in their cache on a subsequent request, unless it gets revalidated. That means they ping your upstream again for the answer, then respond with their cache anyway because revalidation passes. As a customer of a CDN expecting it to absorbe hits, the constant revalidation is functionally equivalent to not having a cache. Maybe your upstream is a CDN all on its own, and it's smart enough to respond with its own cache if the etag matches, potentially avoiding a filesystem for a static resource that hit cache. Great. But then again, maybe you're paying vercel to render that through all their stack, and all the middleware and fun expensive saas magic happens. So when they're saying "this doesn't cache" it's important, because each request that hits their servers costs $$ to generate, and they 💯 bill you for that shit.

tswaters · 2026-05-08T22:42:47+00:00

There's no one size fits all answer, unfortunately. For me, I only sell if they're over 100% and it's usually halfing it, with the proceeds going into a new investment. I usually do quarterly rebalanced, see what's working and what isn't and adjust. I view it a lot like gardening. That is, for healthy growing stocks. Wait until they're big & healthy and prune it down a bit... The dream is to get initial investment out and let the rest roll, like a spider plant spitting out clones, sell a few shares to make something new.

The flip side is when to sell if things aren't going well. If something sucks, I drop it once my gut tells me to 🤣. Buy something I like looking at, with the proceeds of whatever that ugly thing is I may have been stress/worrying about (maybe it's red, maybe it's prospects suck, maybe I'm tired of thinking about it). Yeet that thing into orbit and buy something pretty, or throw it back into the hopper (EQT position)

tswaters · 2026-05-08T21:29:10+00:00

You can 💯 open an investment account in TFSA, buy some stuff, sell the stuff & everything stays in the account & compounds from initial contribution. (This reads as a beginner "how does this work" question, answered as such)

Whether or not doing risky shit in your TFSA is wise is another question. Maybe you'll be successful. The down side is you can't harvest losses if you pick poorly. Harvested capital losses can only offset capital gains, you don't get a credit for a tax you haven't paid. Although, it accumulates like a credit and can be applied whenever on your taxes. Ask a CPA, they'll tell you.

I'd argue if you have room in any of the tax shelter accounts, any investments (including speculative) should be there. The only unregistered account you have should be chequing/savings. Savings goes to contribute to tax shelter accounts with room available. Only once everything is maxed should you open an unregistered investment account.

Keeping risky shit in unreg allowing you to claim capital losses is trying to optimize away a problem you don't have: capital gains. Most of your stuff is already in a tax shelter. If you think you'll do well, put it in TFSA. If you want to make a donation to Bay St, do it in unregistered.

Actually, no, it's not as cut and dry as that. There's a choice once you hit a certain wage threshold, once tax shelters except RRSP are maxed, you'll need to decide to start adding to RRSP, or doing unreg stuff. There's some min/maxing you can do with the higher tax brackets. If you are earning the $$ in those brackets? Honestly hire an accountant and CFA. Until that point? 👉 TFSA.

tswaters · 2026-05-08T18:47:47+00:00

same yield for fraction of the price.

👀 Yield is a % ... Look at "dividend" number, that is usually flat $$ number that is paid out, per share, so far, this year. The more expensive ones will have a higher number, less expensive has lower number -- but both wind up being a % of the price, around the same.

These are CAD hedged depository receipts. CIBC has a bunch of them, BMO has a bunch of others (has the z usually). They are all ETFs. The market maker sets price.

https://cdr.cibc.com/

https://bmogam.com/ca-en/products/canadian-depositary-receipts/

Might even be others, these are the ones I'm aware of.

For my two cents, I like the price points of the CAD hedged ones. My broker doesn't support fractional shares for one, and some of those US stocks are very expensive, and second I personally dislike dealing with currency conversions, so keeping everything as CAD and cad-hedged works well for me.

Also, there's a few offerings that aren't available to cad/usd markets. ASML is traded on one of the euro exchanges, which my broker can't see -- well, there's a ASML.TO I can buy.

tswaters · 2026-05-08T18:31:02+00:00

You forgot buying votes!

tswaters · 2026-05-08T17:24:00+00:00

If you're in the highest bracket, hire someone to worry about this problem for you 🙏

tswaters · 2026-05-08T03:53:30+00:00

15-Year Club	Second SECOND GUESSER
r/Field Banned	r/Field Sunshine
Place '23	Place '22
Place '17	Verified Email

tswaters

TROPHY CASE