Author Topic: Waffle House closing 365 locations due to coronavirus  (Read 1543 times)

opihiman2

  • Lifetime Member
  • Sr. Member
  • *****
  • Posts: 326
Waffle House closing 365 locations due to coronavirus
« on: March 24, 2020, 09:02:59 PM »
https://thehill.com/blogs/blog-briefing-room/news/489379-waffle-house-shutters-365-locations

FEMA uses the so-called Waffle House Index to gauge the severity of a natural disaster.  This is a first for 365 locations to close down.



paperwerks

  • Newbie
  • *
  • Posts: 26
Re: Waffle House closing 365 locations due to coronavirus
« Reply #1 on: March 25, 2020, 02:33:47 AM »
I have never witnessed such mass insanity in my life and never thought such insanity was even possible.

Tens of thousands of old folks die of pneumonia ever single year and have for thousands of consecutive years.  And we go on living. Now, in the future if someone gets the flu we must factor in that 7 billion people on earth will hide under their beds for 3-18 months and the economic consequences of that and how it will affect companies.

 I must factor total insanity and overreaction of governments into my attempts to value companies from now on. This is a new paradigm. This is all caused by 24/7 social media in my opinion. We never counted the tens of thousands of hundreds of thousands of yearly flu deaths one by one breaking them down by date and country and city before. Now we do and people totally freak out like it is a new thing. And the market crashes because of this.


TwoCitiesCapital

  • Hero Member
  • *****
  • Posts: 2496
Re: Waffle House closing 365 locations due to coronavirus
« Reply #2 on: March 25, 2020, 06:32:29 AM »
I have never witnessed such mass insanity in my life and never thought such insanity was even possible.

Tens of thousands of old folks die of pneumonia ever single year and have for thousands of consecutive years.  And we go on living. Now, in the future if someone gets the flu we must factor in that 7 billion people on earth will hide under their beds for 3-18 months and the economic consequences of that and how it will affect companies.

 I must factor total insanity and overreaction of governments into my attempts to value companies from now on. This is a new paradigm. This is all caused by 24/7 social media in my opinion. We never counted the tens of thousands of hundreds of thousands of yearly flu deaths one by one breaking them down by date and country and city before. Now we do and people totally freak out like it is a new thing. And the market crashes because of this.

Either almost every major govt and world health organization is blowing this way out of proportion for the first time in history - or you misunderstand the risks associated with the disease.

Which do you think is more likely?


mcliu

  • Hero Member
  • *****
  • Posts: 699
Re: Waffle House closing 365 locations due to coronavirus
« Reply #3 on: March 25, 2020, 07:19:44 AM »
Not as deadly as originally imagined, but many times deadlier than flu.
But because itís not super deadly, it is also easier to spread.

opihiman2

  • Lifetime Member
  • Sr. Member
  • *****
  • Posts: 326
Re: Waffle House closing 365 locations due to coronavirus
« Reply #4 on: March 25, 2020, 02:56:47 PM »
Not as deadly as originally imagined, but many times deadlier than flu.
But because itís not super deadly, it is also easier to spread.

Well also because it's much more deadly than the regular flu.  I just saw the world death rate on this, and it's incredible at around 4.5%. 

Gregmal

  • Hero Member
  • *****
  • Posts: 3250
Re: Waffle House closing 365 locations due to coronavirus
« Reply #5 on: March 25, 2020, 03:06:21 PM »
This is a super-flu with a social media following. Thats it.
The reactions have all been magnified by social media as well. Fed cuts rates? OMG thats because the situation is sooo dire! Fed doesnt do anything? What are they waiting for! Theyre going to kill the economy... Damned if you do, damned if you dont world we live in. If you're an investor, just try to get by and stick to the golden rules....Sanity will eventually prevail. You're starting to see the magic equation, unlimited stimulus, free money for one of the first times ever, going straight to the consumer, rates at 0, and subsidies for business who are jeopardized.... I'll pose a simple question, with a simple context. Look at the economic figures present when the S&P was at 3200...jobless rate, wages, etc. Its probably going to be a little bit, but where do you think SPY is when the figures get back there? Higher or lower than 3200? It's a really simple equation that just involves the ability to ignore the short term noise.

cherzeca

  • Hero Member
  • *****
  • Posts: 2875
Re: Waffle House closing 365 locations due to coronavirus
« Reply #6 on: March 25, 2020, 04:03:01 PM »
I have never witnessed such mass insanity in my life and never thought such insanity was even possible.

Tens of thousands of old folks die of pneumonia ever single year and have for thousands of consecutive years.  And we go on living. Now, in the future if someone gets the flu we must factor in that 7 billion people on earth will hide under their beds for 3-18 months and the economic consequences of that and how it will affect companies.

 I must factor total insanity and overreaction of governments into my attempts to value companies from now on. This is a new paradigm. This is all caused by 24/7 social media in my opinion. We never counted the tens of thousands of hundreds of thousands of yearly flu deaths one by one breaking them down by date and country and city before. Now we do and people totally freak out like it is a new thing. And the market crashes because of this.

Either almost every major govt and world health organization is blowing this way out of proportion for the first time in history - or you misunderstand the risks associated with the disease.

Which do you think is more likely?

clearly the former

TwoCitiesCapital

  • Hero Member
  • *****
  • Posts: 2496
Re: Waffle House closing 365 locations due to coronavirus
« Reply #7 on: March 25, 2020, 05:00:14 PM »
I have never witnessed such mass insanity in my life and never thought such insanity was even possible.

Tens of thousands of old folks die of pneumonia ever single year and have for thousands of consecutive years.  And we go on living. Now, in the future if someone gets the flu we must factor in that 7 billion people on earth will hide under their beds for 3-18 months and the economic consequences of that and how it will affect companies.

 I must factor total insanity and overreaction of governments into my attempts to value companies from now on. This is a new paradigm. This is all caused by 24/7 social media in my opinion. We never counted the tens of thousands of hundreds of thousands of yearly flu deaths one by one breaking them down by date and country and city before. Now we do and people totally freak out like it is a new thing. And the market crashes because of this.

Either almost every major govt and world health organization is blowing this way out of proportion for the first time in history - or you misunderstand the risks associated with the disease.

Which do you think is more likely?

clearly the former

I dunno. Even w/ social distancing measures in place, NYC is running short on ventilators and making make-shift hospitals and morgues while Atlanta just announced they're out of ICU beds.

Sounds just like another flu to me 👍


SnarkyPuppy

  • Hero Member
  • *****
  • Posts: 869
Re: Waffle House closing 365 locations due to coronavirus
« Reply #8 on: March 25, 2020, 05:12:15 PM »
I have never witnessed such mass insanity in my life and never thought such insanity was even possible.

Tens of thousands of old folks die of pneumonia ever single year and have for thousands of consecutive years.  And we go on living. Now, in the future if someone gets the flu we must factor in that 7 billion people on earth will hide under their beds for 3-18 months and the economic consequences of that and how it will affect companies.

 I must factor total insanity and overreaction of governments into my attempts to value companies from now on. This is a new paradigm. This is all caused by 24/7 social media in my opinion. We never counted the tens of thousands of hundreds of thousands of yearly flu deaths one by one breaking them down by date and country and city before. Now we do and people totally freak out like it is a new thing. And the market crashes because of this.

Either almost every major govt and world health organization is blowing this way out of proportion for the first time in history - or you misunderstand the risks associated with the disease.

Which do you think is more likely?

These people suffer from some of the most extreme commitment and consistency bias I've seen.  Don't waste your time - not worth engaging w/ these people

Gregmal

  • Hero Member
  • *****
  • Posts: 3250
Re: Waffle House closing 365 locations due to coronavirus
« Reply #9 on: March 25, 2020, 05:37:40 PM »
I have never witnessed such mass insanity in my life and never thought such insanity was even possible.

Tens of thousands of old folks die of pneumonia ever single year and have for thousands of consecutive years.  And we go on living. Now, in the future if someone gets the flu we must factor in that 7 billion people on earth will hide under their beds for 3-18 months and the economic consequences of that and how it will affect companies.

 I must factor total insanity and overreaction of governments into my attempts to value companies from now on. This is a new paradigm. This is all caused by 24/7 social media in my opinion. We never counted the tens of thousands of hundreds of thousands of yearly flu deaths one by one breaking them down by date and country and city before. Now we do and people totally freak out like it is a new thing. And the market crashes because of this.

Either almost every major govt and world health organization is blowing this way out of proportion for the first time in history - or you misunderstand the risks associated with the disease.

Which do you think is more likely?

These people suffer from some of the most extreme commitment and consistency bias I've seen.  Don't waste your time - not worth engaging w/ these people

Or, maybe, you know, on a investment board, some people look at a short term situation, call it the flu, call it coronavirus, call it whatever you please, and realize that there will be a time where this passes and that in between the baby often gets thrown out with the bath water and as such find the overreaction to be silly. Or that there will opportunities both long and short, and that "all cash" in a zero rate environment, or "shorting RCL" with a 200%+ annualized carry isn't the only investment on the table. Has little to do with commitment bias. Has to do with your outlook and time horizon. A consistency bias would be, I dont know, riding a second rate FNMA thesis through the greatest bull market in history, clinging to every bs legal filing, and then still seeing a 60% drawdown via the zombie apocalypse virus. To each their own.