I had calls on GM that went deep red a month or so ago and I knew they were going to report amazing earnings because I'm in lending and I knew they were selling a shitload of cars. I sold for a loss anyway. If I had held, those calls would now be around 2k in profit lol. Seeing the red feels bad and causes emotions to override initial thesis

---

gm daily discussion thread

---

I need them to say GM 😭🙏

---

We shouldn’t be cutting at all lately. Unemployment issues aren’t due to cyclicality/seasonality, it’s due to layoffs and immigration policy changes. Monetary policy won’t fix these issues and will only increase inflation, which is already above the Fed’s target of 2.0% Position: puts on $GM

---

#Some people think that when they bring back manufacturing jobs to America it will be the same job their grandpas had back in 1960s where they worked in GM making $40 an hour with pension and full benefits. LMAO🤌

---

GM down 4%. Where is daddy 🥭 to give them another 5 billion?

---

gm

---

Nvidia has already (at GTC tradeshow) given the punchline (~$500bn in total Blackwell/Rubin orders for CY25/26 so far, 10-15% above consensus), so debates more macro: 1) tougher financing environment, capex question marks at (some) hyperscalers, 2) supply constraints, rising component (wafer, memory) costs can NVDA maintain GM in the mid-70s, and 3) increased competition with OpenAI adding AVGO/AMD to supplier list, Google TPU making more inroads (Anthropic).

---

You can decide if it's highly regard or exceptionally brilliant yourself. But my reason for buying DAL during the pandemic lows: 1. Buffett/BRK already did the vetting and homework on DAL prior to the pandemic collapse. 2. DAL was the best of the airlines and least likely to be bankrupted. If other airlines died or got consolidated then DAL will get their share or take them over. If other airlines didn't die then DAL certainly won't. 3. Most of the companies and airlines were asking for bailouts and based on the GFC most of the biggest ones got bailouts. I had no reason to believe otherwise. Not bailing out DAL would be the government not bailing out JPM or GM during a crisis they weren't responsible for creating. Very unlikely. 4. This leaves ***WHY*** Buffett/BRK sold. They sold WFC and moved to BAC because of the WFC scandal probably made them lose trust in WFC. But why did they also sell DAL? I assumed probably 3 main reasons: Reason A being that airlines aren't great long term investments but more like trading vehicles which BRK might not want in their portfolio. Reason B being that the airlines have proven to dump and be very high VOL every time there is a recession which doesn't play well to BRK's portfolio building style. Reason C being that either the government, DAL, or both expected BRK to hand out cash in a double down either as a precursor to getting PPP/EIDL/bailouts or as a requirement for it. Or BRK feared that might be coming so they dumped out. 5. Pandemic travel stops, lockdowns/closures, Buffett selling out of his entire position, and finally the news of Buffett selling out of his entire position put A LOT of downward pressure on DAL. I basically saw it as a kitchen sink moment. 6. I wondered if it was RIGHT FOR ME to buy DAL at that time since I'm young, could hold for a long time, have a higher risk tolerance, don't mind selling out, and won't be asked to fork over a few hundred million before Pelosi & Trump give DAL a big bag of money. Answer was **YES** so I bailed out Buffett's DAL stocks from his paper hands. TL;DR ["Oh no airplanes house is empty but maybe soon airplanes house will be full"](https://www.youtube.com/watch?v=SYc6QmaGnYc)

---