Lawrence Hamtil (@lhamtil) started following @LakeMeadPut on Oct 16, 2024

5m shares of Barrick traded in first 45 minutes says they needed to get the Mali news out before doing repurchases and he has been fairly aggressive at $20 US. Friday and Monday were both below avg volume and gold is back to where it was at so there’s that.

How is this not good news? Every bad Mali/Barrick headline is good for -3%.

All Souls Day is coming up. Don't forget them. https://t.co/AzVDt5TiKm

Spending on law enforcement / public safety another one Other submissions welcome! https://t.co/uX5G8Rbf0v

Pest control another https://t.co/E1Ne5QXS1y

What are some industries that are growing at ~GDP+ rates? I'm going to repeat myself with a couple. Pet spending is one of them. ~8% growth since 1970 https://t.co/PBOtdExgdn

RT @rae_maile: Many thanks to @thegtnf for the opportunity to give a different view of the industry and of smokers. It was a huge mistake o…

RT @BonifaceOption: Imagine crossing this vast ocean in a small wooden ship powered only by sails, not knowing if your destination even exi…

Going to be a fun KU hoops season

My favorite chart from this post: Investors should consider diversifying their portfolio companies' revenue sources; gov't spending is stable and often counter-cyclical. State & local spending on policing & public safety has grown a little faster than GDP w/o any YoY decline https://t.co/7lyUpNn616

If you are an index investor (eg SPX), tech is now close to a 40% weighting, a de factor momentum loading. Non-durables (eg staples, a low vol loading) are now ~3%. I argue investors in this case might benefit from a more balanced factor exposure https://t.co/PnHums39kf

🚨🚨🚨New Post🚨🚨🚨 Three thoughts on diversification: -Avoid unintended factor concentration -Gold as complement to fixed income (not stocks) -Diversify your portfolio companies' revenues sources (eg government spending) https://t.co/1567PTreZl

😂

RT @UpslopeCapital: Upslope’s Q3 2024 letter: https://t.co/fONQCEjwU0

RT @Jesse_Livermore: Another banger from these guys, on the history and evolution of grocery retailing. Absolute must listen, super interes…

"When the Fed has cut rates while the S&P 500 was within 2% of an all-time high since 1980, the benchmark was positive 12 months later 95% of the time with an average return of 13%." https://t.co/hja591Rose

"[I]n aggregate the U.S. consumer appears quite healthy. Household net worth has soared by $47 trillion since just before the onset of the pandemic, while personal incomes have grown by 5.6% over the past year. With consumption growing at a similar but slightly slower pace, the https://t.co/6jgCGpwuWT

Lots of gems such as this example of Lou Gerstner and AmEx segmenting the credit card market https://t.co/ALnf0wYWFk

I started reading this forgotten classic. So far, lots of great insights despite being ~25 years old https://t.co/8WKvzZPHaZ

I enjoyed this conversation between two of my buddies, @iancassel and @EightTrack180. Also, thanks for the shout-out, Jason 🤝 https://t.co/7aNu2rnqoz

Packaging is an under-appreciated part of brand identity. Think Marlboro's flip top hard pack, or Heinz's transparent ketchup bottle

Pretty rad

"Mr. Goizueta, who arrived in the United States in 1960 from Cuba with his wife, $40 and 100 shares of Coca-Cola stock, rose from the company's technical and engineering division to become one of the legends of American business management.... Under his tenure, the total value

Roberto C. Goizueta, the late CEO of Coca-Cola, was the first billionaire to have his wealth created from a company he didn't own or found https://t.co/A6nkWttUll

Very good read on a couple serial acquirers of choice

RT @DevinLaSarre: Newest out. The Curious Case of Karelia https://t.co/EVJAB5XaUg

RT @CoffeewClassics: Dostoevsky didn’t have to go this hard, but he did. from The Brothers Karamazov https://t.co/7WLLhSsGsY

Dostoevsky didn’t have to go this hard, but he did. from The Brothers Karamazov https://t.co/7WLLhSsGsY

RT @CoffeewClassics: Dostoevsky didn’t have to go this hard, but he did. from The Brothers Karamazov https://t.co/7WLLhSsGsY

The fate of the free world is in your hands. Beat New York

This came from this excellent podcast on Wheaton Precious Metals https://t.co/X7TXVhkx8D

Today I learned that there are very few dedicated silver mines: 40% of silver comes as a byproduct of lead-zinc mines, 20% comes as a byproduct of copper mines, and 15-20% comes from gold mines.

RT @lhamtil: We were fortunate enough to interview the great Marc Levinson on his history of A&P, once the largest retailer in the world, a…

German ace Hans-Joachim Marseille and a Hurricane he shot down in North Africa. All but 7 of his 158 claimed victories were against the British Desert Air Force over North Africa. No other pilot claimed as many Western Allied aircraft as him. More to wiki https://t.co/NurfinkQhk

Here we see several German Jagdpanther tank destroyers from Schwere Panzerjäger Abteilung 654 (which translates roughly to "Heavy Tank Hunter Battalion"). The Jagdpanther was a powerful tank destroyer built on the Panther tank chassis and equipped with the renowned 8.8cm cannon. https://t.co/s9Xsn4YtME

RT @DisgracedProp: Talking with fascinating poster @titusfilm about his article “The Third Wave of Journalism,” arguing that the era of her…

This ad is amazing because neither pole in the argument captures the spirit of "being a real man." It's not about barrel-aged bourbon or deadlifting 500 pounds, nor is it about supporting IVF or voting for Kamala Harris. These are both caricatures: one is a left-wing

The salted butter was intended to spoil more slowly. Nowadays, refrigeration mostly deals with that problem.

Salted butter used to contain 3-4X the amount of salt that current "salted butter" does. It was also of finer quality (excess salt would disguise the poor flavor in salted butter). Nowadays, you can simply use salted butter to bake and slightly reduce the amount of added salt.

As you get older in life, seems like you tend to think more of your sins of omission, such as the efforts you didn't make to apologize, or make time for an old acquaintance whom you later find out has unexpectedly passed away. The latter happens surprisingly often in your 40s.

A&P is yet another example of how cutting prices to take share can be a treacherous strategy; if are you just cutting costs and not also passing through efficiencies (like Aldi, for example), then you are slowly bleeding yourself out. https://t.co/8G0ELVV5dP https://t.co/xaw5zce41e

RT @DevinLaSarre: Expert historian and economist Marc Levinson gave us much to chew on. A&P's founding, its growth to become the largest re…

We were fortunate enough to interview the great Marc Levinson on his history of A&P, once the largest retailer in the world, and 2nd only to GM in revenues. Enjoy this conversation on a once great American titan laid low by creative destruction.

He slid to the side of the bag😂😂😂one of the biggest clowns in the majors https://t.co/w2sK4YxfZO

Dead sprint to first after every single ground ball…made routine grounders close plays at first constantly. Didn’t let me down one fucking bit and I know a lot of Royals fans feel the same way

Salvy on this team and expectations moving forward for the #Royals https://t.co/Oy8GrqUYdP

Vinnie Pasquantino speaks after the game about the loss and what’s next for the #Royals https://t.co/n99uI4N46V

In the ninth, with their season on the line, the Royals saw 9 pitches. 1 was clearly a strike, 2 were borderline, and 6 were clearly out of the strike zone. The Royals swung at 8 of the 9 pitches. If this offense is going to take a step forward next year, they have to fix that.

The Yankees-Royals rivalry is back, baby. Long may it endure.

RT @JasonHannaphoto: The last one off the field photo. An annual tradition. What a freaking year! The turnaround was amazing. The team is a…

RT @PatrickMahomes: Great season @Royals! 💪🏽

That’s a bummer. Every game close. What a year. Thank you to everyone who followed along with me.

I can’t believe how many people just filed out of here. This isn’t a mid-August game. There’s one inning of playoff baseball left. Come on, people.

“The beauty is that through disappointment you can gain clarity, and with clarity comes conviction and true originality.” -Conan O'Brien https://t.co/xW1NW0MJm3

#KCRoyals https://t.co/Wbjj5hwjcq