CPA - Value Investor

Montréal
Why did Gaza receive so much global media coverage, but the massacre of freedom loving Iranian protesters on January 8,9 was largely ignored in the West?
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Try and imagine the fallout if Pierre Poilievre was the PM and he gave his wife $1.2 billion in taxpayer funds to toy around with as the Ocean Envoy.
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dre1012 retweeted
Keep voting liberal Canada..... stupid is as stupid does.
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🚨Holy… The thugs rioting in France have just sent Marine Le Pen's chances of winning the Presidential election soaring. 🇫🇷
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Mark Carney makes up a new Ocean Envoy position and appoints his wife to it. Then donates $1.2 billion of taxpayer funds “to the oceans.” Who knows where that money is going but the two of them. It’s so insanely corrupt I don’t even have the words anymore.
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dre1012 retweeted
“Buying a house right now is FCKING MENTAL. what do you mean I can borrow $400K at 8%, pay almost $3K every month for 10 YEARS, hand the bank roughly $352K, and STILL owe around $351K. And that’s before we even talk about taxes, insurance, maintenance, or repairs. Wild. WILD.”
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RT @mapleblooded: Bro quietly added 200,000 immigrants this year and had StatsCan conveniently underestimated it. Our infrastructure canno…
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$LMN.V a 30% grower back to 10-12x earnings
$LMN.V @ 12x Revenues on track. Margins to be optimized. $CSU style reporting with a complete disregard to short-term focused shareholders Other companies would definitely present you all the adjusted figures wrapped in a bow, but not this one. Just wait for the numbers in the coming quarters.
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dre1012 retweeted
Canadians have to be the most economically illiterate people in the developed world Our economy has been flat for 11 years but nobody even talks about it We are now poorer than the poorest American State (Mississippi)
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dre1012 retweeted
Trump cares more about our sovereignty than our own Prime Minister.
Trump has seen the videos out of Canada.👀
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dre1012 retweeted
🚨 BREAKING: President Trump's FULL blockbuster UN speech is getting rave reviews — where he RAILED against the globalist ICC, called out the persecution of Christians, REFUSED to apologize for America First and more The whole thing was 10/10! 🔥 TRUMP DID THE FOLLOWING: - Called out the UN for ignoring Christian persecution worldwide while obsessing over America - Demanded every ICC member resign immediately from that rogue anti-American tribunal - Called Communist Cuba a failed state that will fall, then watched officials storm out - Declared there is no human right to illegal immigration, only the right to stay a sovereign nation - Scorched UNESCO globalists for pushing mass migration that destroys Western cultures - Said there is NO global government and there will be NO global taxes while he is president - Bragged that America cut the UN budget 15% and killed over 4,000 bureaucracy jobs - Boasted of the most secure border in American history with ZERO illegal aliens admitted - Declared America is BACK, stronger than ever, and in a GOLDEN AGE after Biden's dark age - Mic-dropped failed globalist leaders: while others talked peace, he MADE peace - Vowed Iran will NEVER get a nuclear weapon and said the Middle East bully is finished - Teased a huge post-election decision: strike a deal, or annihilate the Islamic Republic - Exposed Iran as weak and desperate, not strong, and predicted Iranian terror's end - Slammed cowards and traitors leaking fake "low munitions" claims mid-conflict - Took a victory lap over capturing Maduro and signing the largest oil deal in history - Laid down the Donroe Doctrine: no threats get a foothold in the Western Hemisphere - Refused to apologize for crushing drug cartels, calling them the ISIS of the hemisphere - Locked in permanent Greenland security rights that shut out China, Russia, and adversary investment - Renamed Artificial Intelligence to Super Intelligence and vowed America stays #1 over China - Closed with a nationalist call to strengthen nations, grow economies, and God bless America And that's just a non-exhaustive list. This is why I voted for him. The list of accomplishments is rising and he is SAVING AMERICA 🇺🇸
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dre1012 retweeted
$KNSL might be the best business most investors have never heard of. THE BUSINESS: Kinsale writes excess & surplus insurance. These are the commercial risks standard carriers won't touch: the contractor with a rough loss history, the niche operation nobody has priced before. It's one of the few corners of insurance where underwriting skill still decides who wins. Kinsale built its own technology to quote these risks faster and at a lower expense ratio than competitors, and it's founder-led with real insider ownership. THE FUNDAMENTALS (2022 to 2025): Revenue: $819M to $1.87B (31.73% CAGR) Net income: $159M to $504M (46.81% CAGR) Operating margin: 24.43% to 34.42% Return on equity: 28.25% LT debt/capital: 20.80% down to 10.27% Net income grew faster than revenue. Margins expanded nearly 10 points. Debt got cut in half. The business got better as it grew, EPS HISTORY: 2017: $1.25 2025: $19.51 Over 15x in eight years. Not a single down year. VALUATION (from @FASTGraphs ): Blended P/E: 17.39x Normal P/E: 33.42x Trading near HALF its historical multiple THE CATCH: EPS growth is slowing: 60%, 28%, 21%, then 9%, 2%, 5%. The E&S market is softening after years of hard pricing. The business is still excellent. But the growth that earned a 33x multiple is not the growth analysts are modeling from here. Cheap compared to its historical multiple. The question is what multiple will investors be willing to pay moving forward?
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Vraie question ici. Quelqu'un peut m'expliquer pourquoi un rapprochement avec l'Union européenne en devenant un membre associé, c'est bien, mais être le 51eme État de la première puissance mondiale, c'est mal ?
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dre1012 retweeted
If AI will cure all diseases within a decade, slowing it down is mass murder.
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dre1012 retweeted
I recently resigned from Google DeepMind, where I worked on AGI safety and alignment research. At Google, I witnessed AI development first hand. I too am extremely concerned by the default trajectory of this technology. I earnestly believe that AI has the potential to kill us all, and that we might be running out of time to avoid this outcome. The pace of AI progress in the past few years has been staggering. When I first started working on AI in early 2022, AIs were amusingly useless. Just four years on, AI agent swarms from OpenAI are cracking famous century-old math problems and, more worryingly, escaping the control of OpenAI and autonomously hacking into the third-party company HuggingFace, against anyone's wishes. Things will only get crazier: I think it's possible that the AI companies might, in the next few years, succeed in building superintelligent AI systems that far exceed human capabilities in every domain. I am not confident that these AI systems will do what we want. In particular, misaligned superintelligences may, much like the rogue AI agents involved in the HuggingFace incident, escape our control and take dangerous actions that may result in the permanent disempowerment or death of humanity. Alignment is the problem of preventing this, and is both difficult and unsolved. Our present understanding of how to train AI systems that deeply want what we want is extremely rudimentary. Worse, we are not on track to solve alignment in time: frontier AI capabilities are improving much faster than our understanding of AI alignment. I am optimistic that navigating AI safely is possible. In order to do so, we need to coordinate to avoid this manic race between AI companies. We need to pace AI development to a speed that society can handle, where emerging risks can be addressed before extreme harm is realised. We need much more transparency into AI development to ensure that AI companies are not imposing unacceptable levels of risk on us all. More broadly, we need many more people thinking carefully about the problem of making AI go well. It is, in my view, the most important problem facing humanity this century, and the stakes are immense. I'm very directly working on this next: I want to help people interested in working on mitigating catastrophic AI threats do the most effective work that they can. I think many people from many backgrounds in many roles have a part to play.
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dre1012 retweeted
$META ain’t slowing down
BREAKING: Mark Zuckerberg says AI development needs to move faster
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dre1012 retweeted
Japan is our greatest ally
What the hell do they teach the kids in Japan?
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dre1012 retweeted
Well, this might prove to be the most important whistleblowing ever. Anthropic's CEO just said "it’s my worry that in 6–12 months such a swarm could be capable of taking over the entire internet," only 4 days after the tweets. Jacob might've literally saved the internet.
I resigned from Anthropic today. I spent the last three years doing pretraining research at both OpenAI and Anthropic. Neither company is acting responsibly. They are racing straight to self-improving superintelligence and gambling with our lives. More thoughts below.
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