Something quite essential has been learned here! 
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A good cake will take your worries away, and best of luck to the boy! I’
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Now that the US administration is partially shut down due to budget issues and the state has a large deficit, Buffett has a solution.
https://x.com/FluentInFinance/status/1973361158414324042
Would it work in Finland too? Finland’s GDP is approx. 300 billion euros. This year, approx. 12.2 billion euros will be borrowed. That is 4% of GDP. If only 3% could be borrowed, the loan amount would be 9 billion euros, so an additional 3.2 billion would have to be cut on top of current savings. With such a budget, at least the members of the government parties might get their marching orders in the next elections, as the current approx. 10 billion in savings - which are made during the government’s term, not in a single year - make society creak. 
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Soon after the US stock market opened, I went scooping up some random stocks again, and this video flashed before my eyes. I’d be a bit surprised if compound interest isn’t already ringing in others’ heads, because it’s certainly echoing in mine, and I can relate to the young gentleman in the video drawing curves in the air. I never got to experience this 2021 ‘never forget’ phase of the market, so I’m just grateful it returned so soon. I started my stock-picking career less pleasantly only during the downturn that followed, so now I’m trying to make up for lost time. It’s a bit scary to think how much this could still change if Trump’s bubble-building plans are only just moving into production.
Someone please give me a heads-up, preferably a couple of weeks before the music stops, so I know to come back down to earth.
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It was indeed a nice time. I remember when, after the deepest dip in 2020, I pondered on the forum whether it was still worth buying shares of the then rapidly growing growth company QT, when the price had already soared from 17 to 23€ or so per share. @Verneri_Pulkkinen seemed to warn about this back then, wondering if the best opportunities were already gone…
I then dared to buy, and it turned out well. I remember when the entire portfolio’s performance graph approached 100% per year, it was wild. Days when QT stock rose less than 4% a day were practically a crappy day.
By the way, it was actually @Pohjolan_Eka who commendably talked bearishly about the QT stock and managed to persuade me to give up the shares between 140-160€.
Around that time, the forum also had its first ‘bun coffees with jam’ and Varelius slept well at night. That meme is also preserved somewhere on the forum…
From this rally, I have completely played myself out of position, and if YTD shows +20% this year, I will be very happy.
When the music no longer plays, it’s hard to say, but generals are shot last in war. Hopefully, then there will be Sampo Salmon in the freezer to eat.
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Yes, they are probably photographed with a camera. Of course, one could also try to burn them onto retinas; someone has surely succeeded in that.
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It’s unfortunate for Jeppez that he probably won’t make it into the next Market Wizards book, which will be published in summer 2026 and will feature Swedish Kristjan Kullamägi and 24-year-old TheShortBear from Twitter.
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At that rate, by 2030, Jeppez will own his own printing press, publisher, and writers for his own book. 
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One could also hire all Finns for at least the median annual salary to read their own book and even make a tender offer for Berkshire at a premium.
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Tomorrow Sampo will announce that it no longer needs Inderes’ coverage. The stock will tank 5%. I might even consider buying if this happens. The entire Helsinki market will also tank 3.5% along with it. Inderes’ influence in the Finnish investment scene is strong.
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Join our small number of American Battery Technology owners.
Compound interest, in with five and out with ten. You know it. The only metric that is positive is P/S, and even that is only 133, but a stick in the eye if you ask too many questions.
E: Then I’ll FOMO in at ten from the top
Yep, at these parties and rides, it’s good to sit near the exit door. The party ends in the same way as in the 90s in Petonen, violently and usually too late.
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I think I myself stocked up on Qt during the corona dip somewhere in the twenty-something range. So I probably wouldn’t have been holding back on the stock at that point yet. Compared to the current price, the development has been good from those levels, but not extraordinary.
To clarify, Sampo does not pay Inderes for analysis, but Sampo is a very important client on the event side, and they also order interviews from me and other community team members. 
Stocks have not yet reacted to the termination of Inderes interview orders. Maybe someday…
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At least Erkki Sinkko 
, paywall: Konkarisijoittaja Sinkon tärpit: Näihin osakkeisiin uskon nyt | Kauppalehti
“I still trust Orion. It has knowledge, skill, and patience,” Sinkko praises.
“I’ll drink good O-coffees at Stockmann when the share price rises to one hundred euros. None of my acquaintances believe this, but a faint snort of laughter can be heard in the background,” Sinkko quips.
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Erkki Etola is at least currently holding a stake worth €186 M. 
Orion, exceptionally, publishes its top 200 owners, whereas most companies only publish their top 100. On Orion’s lists, position 200 is currently held with 35,000 shares (worth €2.3 M at today’s closing price).
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Indeed, it’s a truly frustrating situation, and at the same time, the article leaves many questions open about HYY. Students have been forced to finance this activity through mandatory membership fees, but are there any clear limits to the activities of these associations? In other words, why would a student union start engaging in hotel business with membership fee funds? This would be a relevant observation even if the operation hadn’t resulted in a loss.
However, the tragedy of the commons is quite severely realized here, as no one really owns anything, but it’s fun to try new projects without responsibility. In this situation, there would be ample room for investigative journalism to directly name the individuals who approved these investments, and on the other hand, it would also be good to know why banks didn’t set limits on borrowing in time. In such situations, it makes one a bit suspicious whether decisions were made directly under conflicts of interest, but research on the matter would be needed.
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HYY’s real estate business probably dates back to the late 1800s, when they got a plot of land on what was then the edge of the city, and as the city expanded, they found themselves in the center. From there, thanks to skillful management, other commercial properties in the city center were developed, from which a few million were taken to support student politics for decades. At one point, they also made good money with a travel agency.
These abundant cash flows then financed student dormitories – hands up, who knows Domus Academica – and all sorts of other nice things for students. Mandatory membership fees have certainly not financed the real estate business; it has been exactly the other way around: the real estate business has supported HYY’s member activities.
The mistake then came in recent years, when, under the leadership of the student generation of the twenties, they took too much risk. Debt leverage, it has sometimes put other “master investors of their own lives” on the path to ruin.
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Of course, the student union can get cash flow from investments, but only if they succeed in better times. Then, in worse situations, students certainly don’t have any free lunch, even if leverage had not been used. That’s why it’s quite difficult to make the argument that those investments would not also be financed with mandatory membership fee funds, when apparently this year membership fees have again been significantly raised to cover those debts.
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