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@xnihilistx Ford has basically made no money selling cars the past three years. About 90% of their net income from the past three years is due to them speculating in Rivian, a company that makes no money and is still valued at $47b. Rivian has a net margin of -8523.64% for the ttm so that's a...

@pix GAAP accounting is stupid. If you realize this and can actually value a company properly, you can make a fuck ton of money. The problem is finding a company you can actually understand that is mispriced. It typically happens in the same sector all at once or it pops up randomly due to a...

@quantumleap009 In the guy’s defense, when you read the notes to ford’s income statement on its 10-k it does look like ford sold the rivian position. I made the same mistake.