Umm..I love a hardass like the next guy, but that was a dick move on the call. No reason in the world would they want to pre-negotiate the discount with the public, and let’s be clear…on the inside they are making best guesses on a world of legal, and regulatory at large, and in the morass of the political state of CA. Mr. Hardass has zero ability to accurately second guess from outside info. He may be right and they are completely off, but this is the game of speculation. Welcome to public insurance investing.

@junkbondinvest Control the marks. Always control thr marks.

@sidecarcap So…pay attention to things that dorks can’t quantify is the route to adding value? Yup.

Are we all this stupid? Does anyone read any history? Jordan did its "take in those Palestinians" once and..lets just say it didn't go well. They will say anything not to do this again and for us to pretend Jordan or Egypt or Lebanon is a home for Gazans is...wasting our time and delaying a real solution - whatever the hell that is.

While Barry Diller is still a communist at heart, this is his goodbye kiss from CEO Joey Levin at IAC and I hope someone says something like this about me one day. "So, I'll focus on the one lifelong learner who brought all of us together with his brilliant vision, his endless ambition, and insatiable appetite for change, and who continues to raise the bar every day still. In fact, he has never seen a bar set high enough. He has never seen a plan ambitious enough. He has never seen a product good enough or a story well enough told. And he has gotten so many of us to think bigger and better as a result. As George Bernard Shaw said, "The reasonable man adapts himself to the world; the unreasonable one persists in trying to adapt the world to himself. Page 2 of 5 Therefore, all progress depends on the unreasonable man." I have so much gratitude for the most unreasonable person in my life: Barry Diller. Thank you, Barry, on behalf of all of us at IAC."

@walterkirn $400 for orchestra last week on Broadway, non-musical is one solid reason. But Eureka was funny as hell and solidly apropos of the world today.

@RickCarusoLA Governor, not mayor Rick!

@latimes Thanks to assholes like you and your insidious pressure on Israel to not allow them to finish the job for the benefit of the entire western world. Another shame star on your shitty chart.

@sidecarcap The correlation between investment ability and IQ drops like a stone after about 85.

@walterkirn 20..it’s 9 more than 11..innitt?

@ChairliftCap Those that can..do? Those that can’t…retweet? And “can” is a state of mind?

@latimes Opposing reelection of Newsom and Bass?

A Preview of Berkshire within 24 months of Warren's passing.

@BoringBiz_ Go make a superbowl bet with a street bookie and tell him you want to pay your Chief’s loss with ebitda. Let me know what hospital so I can buy flowers. Go Birds.

@AStanovich68 @SportingTrib They just have to play the Habs every game! And what is the over/under of how long this line will exist under the Hiller blender approach?

@elonmusk No one disses the Rev. Al Green. Oh...nevermind

FMC: A french accent doesn't help a crap outlook. And nice call to the short-seller world. It could not be more clear anywhere but their earnings call that generic comp is here and growing in the diamide franchise, despite protestations from the home team. Oh...and this likely buyable down here if your time horizon is longer than next quarter. Insert the usual "see our fine print on our website-on anything we might say that might remotely constitute investment advice."

PE in Public Markets

From the Home team: Old Hands on Deck.

@pmarca The same applies to rock n roll.