PP
The Meet Kevin Pricing Power ETF
stock NYSE

Yes, passphrase (PP) is always best practice when done right. BUT DO NOT RUSH. Seed phrases generated with the Jade Plus are 100% safe. PP are quite complex and if you stuff up you will lose all your Btc.

I want a chonky pocket piece and the old 36mm gorditas (1982–95) are exactly the right heft. Not looking for a nice one — it's going in my pocket to get fidgeted into a polished slick, so a clean coin is just a coin I'm going to ruin.
Nicked rim, scratches, harsh clean, stains, ugly toning, PVC, somebody's abandoned pocket piece — all pluses. I don't want to wear down anything scarce.
Payment via Venmo, Zelle or PP. May request PPG&S or MM depending on flair.
If you've got one in the "too ugly to list" pile, it's got a home.

I stand corrected. Never doubt the wisdom of PP.

OP had intentionally missed out key parts of what Microsoft executives said on the call.
The full text of what was said - unedited but with my highlights:
>"Effective at the start of FY27, we are extending the estimated useful lives of our datacenters and office buildings, from 15 to 25 years, reflecting our operating history and expected use of these assets. The impact of this update is reflected in today's guidance.  
>This change affects only the timing of future depreciation and is expected to have a **minimal benefit to FY27 operating income.** The greater impact is on capital expenditures as more of our future datacenter leases will shift from finance leases to operating leases as a result of this update. Finance leases are included in capital expenditures while operating leases are not. **Outside of this useful life impact, our calendar year 2026 CapEx investment expectations remain unchanged.** However, the shift from finance to operating leases adjusts our expectation to approximately $175 billion\*."
The total amount of actual CapEx is UNCHANGED.
What OP didn't seem to know is Microsoft has been disclosing two separate CapEx numbers each quarter - one being Cash Paid for PP&E and other being Finance Leases. (e.g. FY26Q4 CapEx of $41bn was the sum fo $35.8bn of Cash Paid for PP&E and $5.6bn for Finance Leases.) The latter is non-cash and is NOT on the cashflow statement. The reclassification simply turns something that was not on the C/F statement to something else that is also not on the cashflow statement (specifically, the creation of Right-of-Use Assets, Operating Lease Liabilities and Other Current Liabilities.)
\* CY2026 CapEx expectation was $190bn.

I think if anyone in apedom gives me straight sociopath vibes, it's PP.

I believed PP to be a true believer for a lot longer than most, but at this point I don't think he possibly could be. He doesn't have the fire in his heart that guys like Jake, Sal and Third Reich Mike do. He basically pops up every other week to say "we won guys" for the 600th time then vanishes again, very occasionally bothering to go on longer (but still incredibly low effort) spiels as seen here. That said, I do still think he held a substantial BBBY position into cancellation. Nothing close to what he's claimed, but not nothing, either. The guy is *painfully* fucking stupid.

What is the consensus among ape watcher regarding PP, is he a grifter or a true believer? Or a grifting true believer?

"Some poor kid, reading this shit, and agreeing with it, and then they sell their position!"
Thanks GOD for the Meltdown sub, eh PP? That poor kid at least got out with something lol.

Meltdown throwback: Marantz dunks on PP in rare moment of coherence

Yes, passphrase (PP) is always best practice when done right. BUT DO NOT RUSH. Seed phrases generated with the Jade Plus are 100% safe. PP are quite complex and if you stuff up you will lose all your Btc.

I want a chonky pocket piece and the old 36mm gorditas (1982–95) are exactly the right heft. Not looking for a nice one — it's going in my pocket to get fidgeted into a polished slick, so a clean coin is just a coin I'm going to ruin.
Nicked rim, scratches, harsh clean, stains, ugly toning, PVC, somebody's abandoned pocket piece — all pluses. I don't want to wear down anything scarce.
Payment via Venmo, Zelle or PP. May request PPG&S or MM depending on flair.
If you've got one in the "too ugly to list" pile, it's got a home.

I stand corrected. Never doubt the wisdom of PP.

OP had intentionally missed out key parts of what Microsoft executives said on the call.
The full text of what was said - unedited but with my highlights:
>"Effective at the start of FY27, we are extending the estimated useful lives of our datacenters and office buildings, from 15 to 25 years, reflecting our operating history and expected use of these assets. The impact of this update is reflected in today's guidance.  
>This change affects only the timing of future depreciation and is expected to have a **minimal benefit to FY27 operating income.** The greater impact is on capital expenditures as more of our future datacenter leases will shift from finance leases to operating leases as a result of this update. Finance leases are included in capital expenditures while operating leases are not. **Outside of this useful life impact, our calendar year 2026 CapEx investment expectations remain unchanged.** However, the shift from finance to operating leases adjusts our expectation to approximately $175 billion\*."
The total amount of actual CapEx is UNCHANGED.
What OP didn't seem to know is Microsoft has been disclosing two separate CapEx numbers each quarter - one being Cash Paid for PP&E and other being Finance Leases. (e.g. FY26Q4 CapEx of $41bn was the sum fo $35.8bn of Cash Paid for PP&E and $5.6bn for Finance Leases.) The latter is non-cash and is NOT on the cashflow statement. The reclassification simply turns something that was not on the C/F statement to something else that is also not on the cashflow statement (specifically, the creation of Right-of-Use Assets, Operating Lease Liabilities and Other Current Liabilities.)
\* CY2026 CapEx expectation was $190bn.

I think if anyone in apedom gives me straight sociopath vibes, it's PP.

I believed PP to be a true believer for a lot longer than most, but at this point I don't think he possibly could be. He doesn't have the fire in his heart that guys like Jake, Sal and Third Reich Mike do. He basically pops up every other week to say "we won guys" for the 600th time then vanishes again, very occasionally bothering to go on longer (but still incredibly low effort) spiels as seen here. That said, I do still think he held a substantial BBBY position into cancellation. Nothing close to what he's claimed, but not nothing, either. The guy is *painfully* fucking stupid.

What is the consensus among ape watcher regarding PP, is he a grifter or a true believer? Or a grifting true believer?

"Some poor kid, reading this shit, and agreeing with it, and then they sell their position!"
Thanks GOD for the Meltdown sub, eh PP? That poor kid at least got out with something lol.

Meltdown throwback: Marantz dunks on PP in rare moment of coherence

To be fair, PP is right about one thing: it would take divine intervention for their shares to pay out at this point.

Their current PP&E is around 135B in U.S. dollars, there pledging to spend around 260B in manufacturing build out in the U.S.. Along with other global assets this company is doing everything I want it to do to de risk the China threat.