Inderes Coffee Room (Part 10)

It’s truly embarrassing for Kauppalehti that their reporting is so subpar. The journalist didn’t even pause for a moment to critically consider, “wait a minute, could there be a mistake here…” But I guess you can’t expect that from journalists these days, when they have to chase those quick clicks!

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You can @Amatuuri click the button above the thread navigation on the right to turn off translations, but that button is only visible if the thread contains content in other languages.

You can test that from Magnora’s thread, for example. It would be most logical if that same option were in the global language selector; hopefully, we’ll get it there or more visibly into the settings in the future.

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Martina Abell has interviewed Aki Pyysing. :slight_smile:
Having played profitably for thirty years, Aki Pyysing is one of Finland’s most experienced professional poker players and knows how probabilities, psychology, and the skill of self-discipline are decisive in both the game and investing.

“Poker is an excellent school for an investor,” he summarizes.

Pyysing is both a veteran of the poker tables and a contrarian in the markets – a man who approaches risk like a professional approaches their game: cool-headedly, analytically, and with a twinkle in his eye. He has seen how markets rise and fall, and how the same human instincts repeat themselves time and again – whether the stakes are money or the last card on the table.

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Aki also wrote yesterday about Ålandsbanken, which, according to him, is the largest Finnish company without analyst coverage.

How many forum members relate to this :smiley:

Bad stock traders, like me, almost always have a portfolio at least half full of big red lines. We hastily divest from our crown jewels, and in revenge for this, we average down on our junk stocks.

If I had the weightings in Ålandsbanken and Citycon the other way around, my heirs would be smiling broadly.

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We were taught in elementary school math that once you’ve got an answer, the first thing you should do is think about whether it makes superficial sense. If not, you’ve made a mistake somewhere.

That advice has saved me from many embarrassing mistakes in my working life when I’m rushing through numbers and using a calculator😅

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Here too, an article in Kauppalehti about the “profit magician” who has written under the pseudonym jeppez. I don’t have time to summarize the paywall article right now, but from what I’ve followed, he’s a very interesting person and has developed something others can’t do..

Sampsa Tikkala lost all his investments in just half a year – Then he made a change and conjured over 7 million from ten thousand Sampsa Tikkala menetti kaikki sijoituksensa vain puolessa vuodessa – Sitten hän teki muutoksen ja loihti kymppitonnista yli 7 miljoonaa | Kauppalehti

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I recommend trying AI assistants. If your browser doesn’t already have one, for Chrome-based browsers, for example, this extension makes life a lot easier, and summarizing would have been done with the push of a button.

AI Blaze’s ready-made prompts are in English by default, but these can be changed to Finnish, in which case the assistant also responds in Finnish, and the prompt selection is customizable in other ways.

These sometimes “see” behind paywalls, and for example, when asked for a summary, the assistant summarizes the entire article, not just the part peeking from behind the wall.

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It’s been a bit of a busy workday and the phone has been ringing off the hook. People who follow ice hockey will understand.

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SM-liiga is being destroyed!

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Portfolio is up almost 2% today. Is this how it has felt for a Helsinki investor all year? (Index +30%).

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I don’t understand that new hockey league. How does it change when the teams/players are the same? The product doesn’t get better just by putting it in different packaging. There’s an even uglier saying for it.

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The theory is probably that they will be able to weed out weaker teams whose place is not necessarily at the highest league level and perhaps push through changes that the current SM-liiga system did not allow (2/3 majority decision requirement).

I guess the main thing behind this is money. The bigger clubs feel they don’t get a big enough slice of the pie and want to get rid of the smaller/weaker clubs from the league.

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I am hoping for a similar announcement from Finnish listed companies, that they are fed up with Hesuli’s constant stagnation and now intend to establish a new kind of stock exchange where returns are better than before :folded_hands:

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I looked at the league table. The first six currently are: Ässät, JYP, Lukko, Jukurit, Saipa, and Kalpa. They are all small clubs.

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This was also the idea behind the much-maligned European Super League in football. In leagues, TV money is generally distributed quite evenly, and the most prominent teams want a bigger slice and feel that their brand is more valuable than what they receive in TV revenue. This Super League was supposed to gather all the Real Madrids of the world and leave others out.

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The season is ongoing. That’s all I have. Characters characters characters.

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Kauppalehti, Iltalehti… well, yeah. Oh man! There must be artificial intelligence involved in those headlines. Surely—no?—no real journalist publishes a news story without checking its sensibility? There have been enough of these lately. And I dare say that Finns’ depressed outlook on life is largely due to the ‘Putin this, Putin that’ headlines that we have been ‘enjoying’ for three years now. As of this date, I promise to stop following those ‘media outlets’. You promise too, friends.

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The advice is excellent, but it requires one to understand things enough to discern whether the calculator’s answer is off by six orders of magnitude or not.

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Hopium to investors.

From: Fed Up Owner…:expressionless_face:

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Do you get some kind of badge if you’ve given 1000 likes? I saw that I’ve only liked 930 times and I thought I’d start a like campaign now. :grinning_face_with_smiling_eyes:

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