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What books do you read and recommend? - philstar.com - city Sanchez

What books do you read and recommend?

I get this question a lot from readers, and I never really know how to answer it because I feel like the question comes from the expectation that public-facing personalities like me will almost compulsively flex a list of generally accepted investing books as required reading for followers as if reading those books is somehow required to see through the matrix and start sniping market tops and bottoms like a pro. I’m a little embarrassed to admit that I don’t read investing books. I’m old, so I’ve obviously read some investing books over the course of my life, but I honestly don’t read a huge volume of investing books and curate an up-to-date ranked list of my favorites. I’ve read Kiyosaki’s Rich Dad Poor Dad enough to know that I didn’t want to read any more books from Kiyosaki, and I read Bo Sanchez’s My Maid Invests in the Stock Market enough to know that those books weren’t going to be of any help to me either. I liked Think and Trade Like a Champion by Mark Minervini, but we don’t share trading styles so I read snippets of that book from time to time when I sense that I need to do a mindset “reset” and scrub some emotion from my trades. I don’t get a lot of time to read but I truly love it, and when I do get a chance I almost always reach for some great fiction to help keep me creative. I’m a huge fan of the Dune series of books (I read the first book about once per year; the Duke’s dinner scene is so good), and I’m a sucker for good short reads that are vaguely sci-fi (Stories of Your Life and Others by Ted Chiang is wild). One of my first favorite books was Slaughterhouse-Five. One of my all-time favorites is House of Leaves (re-reading that is so awesome), and while I love the thought of reading The Brothers Karamazov, I’ve started reading it three or four times and never made it more than halfway. I’m always cruising Reddit and Twitter for new book recommendations, so if you have any, I’m all eyes and ears!

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Charity - Pacific Online only bidder for 5-year 'E-Lotto' license - philstar.com - Philippines

Pacific Online only bidder for 5-year 'E-Lotto' license

Pacific Online Systems [LOTO 4.80, down 1.0%; 449% avgVol] [link] disclosed that the Philippine Charity Sweepstakes Office (PCSO) informed LOTO that it has declared LOTO the “Single Calculated Bid” for the 5-year “E-Lotto” license that was up for auction. LOTO explained that as the “Single Calculated Bid”, LOTO’s bid will be “subjected to post-qualification review by the [PCSO]... should there be no issues raised during post-qualification, it is expected that the [PCSO] will be issuing its Notice of Award.” LOTO was granted a 6-month test license to conduct e-lotto, during which LOTO managed to capture 14% of e-lotto sales. The company is owned by Willy Ocier.

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Citicore Renewable Energy sets IPO price at 30% discount - philstar.com - Philippines

Citicore Renewable Energy sets IPO price at 30% discount

Citicore Renewable Energy [CREC 2.70 pre-IPO] [link] advised the exchange that it has priced its IPO at P2.70/share, which is a 30% discount to the P3.88/share placeholder maximum price from its preliminary prospectus. This brings the maximum value of the IPO transaction to CREC’s shareholders down from P6.9 billion to P4.8 billion. The ~268 million shares in the overallotment option are secondary, so the proceeds of their sale will go to the selling shareholders and not to CREC.MB BOTTOM-LINE: The initial maximum value of the IPO from the preliminary prospectus is not important; it’s basically just a placeholder that they use to build out the offer and loosely ballpark an enterprise valuation. The real number – the one that they go ahead with at the IPO – is always going to come as a result of the underwriters working the phones with institutional investors and potential anchor investors. They don’t just pick a nice number out of the air that they think will sell the shares and give investors some upside. This is a number that will clear the board and sell all the shares. Full steam ahead for the May 27 offer start.  

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Michelle Lojo - Team - Team Secret parts ways with Borkum; NDG put on reserve list - philstar.com - Philippines - city Berlin - city Manila, Philippines

Team Secret parts ways with Borkum; NDG put on reserve list

MANILA, Philippines – Team Secret, the lone all-Filipino team in the Valorant Champions Tour (VCT), has announced changes in their roster for the second split of the current VCT Pacific — Noel "NDG" De Guia moves to the reserve roster, while Jim "Borkum" Timbreza departs the team.

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Team - OpenAI disbands team devoted to artificial intelligence risks - philstar.com - Usa - San Francisco, Usa - city San Francisco

OpenAI disbands team devoted to artificial intelligence risks

SAN FRANCISCO, United States — OpenAI on Friday confirmed that it has disbanded a team devoted to mitigating the long-term dangers of super-smart artificial intelligence.

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Donald Trump - Elon Musk - Musk confirms Twitter has become X.com - philstar.com - Usa - France - China - Eu - city Paris, France

Musk confirms Twitter has become X.com

PARIS, France — The social network formerly known as Twitter has fully migrated over to X.com, owner Elon Musk said on Friday.

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Jan Milo Severo - Deniece Cornejo - Kat Alano shares rape post after Vhong Navarro wins case vs Deniece Cornejo, others - philstar.com - Philippines - county Day - city Manila, Philippines - county Navarro

Kat Alano shares rape post after Vhong Navarro wins case vs Deniece Cornejo, others

MANILA, Philippines — Days after Vhong Navarro won his case against Deniece Cornejo, Cedrick Lee and two others, Kat Alano shared another cryptic post about rape. 

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Premium Leisure suspended after successful tender offer - philstar.com - Philippines

Premium Leisure suspended after successful tender offer

The PSE suspended Premium Leisure Corp [PLC suspended] [link] for a minimum public ownership violation after a successful tender offer by Belle Corp. [BEL 2.08, up 4.0%; 36% avgVol] took 6,172,192,242 shares of PLC off the market and reduced PLC’s public float to just 0.45%. BEL disclosed that it owns 99.55% of PLC’s outstanding shares after the tendered shares were crossed and settled. The tender offer price offered by BEL for PLC shares was P0.85/share, which was a 15% premium to PLC’s pre-announcement price, but was an 8% discount to the market price after traders learned of BEL’s intent to conduct a tender offer for PLC shares and delist the company.

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