The Ledger
Every statement that passed quotation and attribution checks. Mix any filter with any other: certainty 1/5, debate potential 5/5, or both at once.
why aren't all 3 resolved? a statement only gets an assessment when the public record can support or contradict it. opinions and what-ifs never can, and 0 checkable ones are still open, waiting for their date. predictions held up or didn't; assertions are supported or contradicted. on every card: ▮▮▮▮▮ certainty · ▮▮▮▮▮ debate potential. speakers are clickable
Casey: Adjusted EBITDA is a bogus metric that ignores real stock comp expense
“But it's such a bogus metric. You know, the stock-based compensation, which is ignored in that metric, that's a real expense. And you all know it's a real expense, because if you weren't allowed to use stock-based comp, you'd have to pay cash comp, ok?”
Casey: Mature tech companies should initiate dividends to reward stock-comped staff
“I happen to be one of the heretics who thinks dividends are amazing. Like, I love it when companies initiate dividends, and I think the companies love it when they have dividends, too. It's like giving everybody who has stock comp a raise, right, in cash that …”
Casey: Study Buffett, Tan, and Howley for capital allocation mastery
“There's three people who I think are just the best. Warren Buffett at Berkshire Hathaway, obviously the GOAT, When he took over, ah, Berkshire Hathaway at 19 dollars a share 59 years ago, and now it's 641 thousand dollars a share, and it was all capital alloca…”