Build a basic downdraft table. Get some peg board, build a simple frame, cut a hole for a shop vac hose. Buy or print a coupler, and you’re good to go

Grown man going through security with his skateboard California I love you with all my heart

We still refer to them as The SEDOL Police.

Testfolio sharpe optimizer gave tips higher weight than reits or gold testfol.io/optimizer?s=3NivD… But whatever it takes to get real rates to a 4 handle again xitter.cf/busgus/status/21108348…

I think the appropriate choice here is some singles

Americans hate paying for motor fuel

Alibaba provided September guidance last week: --IMO it is impossible to make sense of the performance of this company division by division (reasons below) --the only thing one can reasonably do is to look at the total EBITA of the company The guide for total Sep26 Q EBITA is around c.RMB 30bn --assume they hit 31bn to beat --then bring share comp back in, and that's 28bn EBITA (USD 4.2bn) So you can see how bad that number is, take two steps back, and here's a comparison: (also using adj EBITA with share comp back in) Sep26 Q EBITA USD est. 4.2bn Sep24 Q EBITA USD5.5bn (before bubbletea wars) Sep23 Q EBITA USD5.4bn Sep22 Q EBITA USD4.2bn (ah, same) Sep19 Q EBITA USD3.6bn --EBIT is still 25% below 2023-24 levels --EBIT is flat for 4 years --hey at least they have grown it 1.2x in 7 years despite regulations and macro and PDD/Bytedance competition --Amazon EBIT is up 4.5x in the same period. And that's why Alibaba trades 12x LTM EV/EBIT (I use 80% of 2024 EBIT) and Amazon at 30x What about Q FCF: --Subtract from USD 4.2bn EBIT say USD 5-8bn of capex (it was USD 10bn last Q...), and voila --But that's ok, nobody looks at FCF for hyperscalers --However, Alibaba is not a US hyperscaler. US guys have strong core business, performing at record EBIT levels as they push monetization on them to pay for AI. BABA clearly is not being able to squeeze monetization from their core business. Which means they need capital. And we have seen how bad they executed on that. --So maybe 12x EBIT for Alibaba is rich... What does Alibaba need to show if they want to re-rate? --To me it is very simple: ---show us a Very Clear, Very Doable, path to USD40bn total EBIT, Pretty Soon --40bn is 2x the CY 2019 EBIT --if you are the #1 in AI and #1 in ecommerce in China, 2x profit in 10 years is not a big ask --do not give me headaches with divisional splits and made-up break even targets, I don't care --If doubling EBIT in 10 years is difficult, then you are a 8-10x EBIT business, and capital allocation needs to change --I am rooting for you, but you are becoming a small speculative bet, and not a core part of any portfolio, and we get macro and competition, but a lot of it is self inflicted Appendix: Why it is impossible to make sense of the performance of this company division by division, and only consolidated EBIT matters: 1-because they keep changing the breakdowns (twice in two years) and at this stage I can't be bothered 2-because they have three kitchen sinks to move expenses around. Grow revenue on one side, allocate part of the associated expenses to other, all these businesses are connected in many places: --QC expenses (who cares about CMR growth and "ecomm ex QC" performance when QC subsidies fuel part of that) --AI Lab (who cares about cloud growth and margin when you need 14bn expenses elsewhere to partially drive it) --All others (now all other divisions grouped into one, again how much of the expenses there, like Amap or Alihealth, is ebit in cloud etc) --Like investment banking having to pay for half of equity research, the infamy I am not suggesting the above wrong. If they run the business that way, that's fine. But we don't see the full picture, so don't expect us to judge your performance by KPIs and breakdowns that we have no idea how they are made. greetings @joetsai1999 hope the basketball season is going well and that you manage to get nice food in the Europe AI conference tours. Life is to live it. Hope you get the chance to join us again soon in an earnings call, like Pony does.

Oh I see, this is a known thing and the FBI recent put out a thingie about this in April. Apparently they're partnering with actual gangs to rob trucks and stuff ic3.gov/PSA/2026/PSA260430

Okay I may have cheated a bit but I had to

found an old youtube link youtube.com/watch?v=mjODsKBm… noticed it was only copyright struck & not removed fully, plugged it into polsy.org.uk/stuff/ytrestric… to see if there were any countries it's available in. available in only italy for some reason vpned into italy and downloaded.

Just in case you think this sounds too ridiculous to be true… Own hard assets or get left behind: