brobro777

Well it's because people aren't investors and they want a lot of money really fast without hard work or discipline I have a buddy who opened an Etrade account back in the 90s because they were offering some kind of bonus and he bought Viropharma for less than $20 and sold it at $100 because the company said some news about the common cold. And ETrade kept crediting his account with this supposed one time bonus over and over again and when he pointed out the mistake, they let him keep all the money That's the way life should be, money for nothing and chicks for free, so why shouldn't they be entitled to the high water mark? They deserve it!

Scuttle Blurb had an analysis of ADSK years ago that I thought was decent: https://www.scuttleblurb.com/category/adsk-autodesk/

Reminds me of the time when stocks traded in teenies!

MO did CAGR 21%+ from Jan 2000 to Dec 2012 I think, div reinvested

Steve Jobs was an asshole and I made money off Apple... I dunno about asshole avoidance - I've known small business owners who were quite successful and also assholes

Ouch why you gotta dunk on my Marlboro stocks man What is this the Corner of Breaking Balls and Fairfax?

See through pants! https://sports.yahoo.com/mlbs-fanatics-produced-pants-blasted-by-players-union-chief-pants-are-see-through-002616265.html

I dunno about mental models but what works good for idea generation is to bet against dumbasses. I pay attention when these guys talk, as it's usually a good idea to take the other side. It's kind of amazing how reliably wrong these guys are - like 15 years later they're wrong yet again. And I apply this to myself too. Sometimes I will look at brokerage statements from 11 years ago to remind myself how dumb I was with some industry or company and go, well, I was a moron then and I'm probably the same moron now when it comes to this industry, so I guess I'll just stay away. That saved my ass a few times over the years

This is good stuff, thanks man

Here are some interesting stats about Gold returns https://awealthofcommonsense.com/2024/03/whats-the-investment-case-for-gold/

Oh man all this talk of Gold reminds me of Bre X

Yes AXP Salad Oil scandal

Haha yea Bania!

After watching that episode of Seinfeld where some comic tells Jerry, That's Gold!, me and my buddies have repeated Gold! for decades. My take is Gold is probably ok but BTC got more juice

Damn Not bad BTC Not bad baby

https://www.youtube.com/watch?v=zceqfQCkLyU Why use skill when you can use astrology Haha

Well I did have a neon yellow FUBU jacket back in the 90s I did

Well one place where we haven't hit the top is the homeless population in LA - 80% increase since 2015, new highs! https://www.latimes.com/california/story/2023-06-29/la-county-homelessness-unhoused-population-count-jumps-increase I remember years ago a friend came out from NJ on business and I took him on a stroll through Skid Row. Haha that was hilarious

My approach focuses on recognizing that I am not smart enough to come up with good ideas and I am too lazy to put in the work necessary to get brilliant insights. So I try to free ride on other people's good ideas. Who has good ideas? This is a personal observation but I think people who know what they're talking about tend to readily admit to what they don't know - it seems they know what they know and they really know what they don't know. Another way to get good ideas is to find guys who always buy at the top, kinda like the shoeshine boy giving stock tips to Joseph Kennedy, and bet against them

Yea bank bonuses are good but real deal are the credit card bonuses. I remember years ago cashing out a ton of Amex MR points via Charles Schwab at 1.25 cents per point. And no taxes to pay unlike bank bonuses! That was pretty good haha

Hiyooooooo

All I can tell about insider trading in the US (and other countries too, it seems) is that the authorities will go after pikers and make examples out of them so they can give each other high fives and promotions while the whales laff to the bank Martha Stewart as exception? Maybe but more likely in the making an example category

Nikkei makes decades new highs while Hang Seng makes decades new lows I never imagined this but here we are

https://www.reuters.com/markets/asia/japans-nikkei-breaks-35000-first-time-since-feb-1990-2024-01-11/ First time since 1990!

Prices of eggs and used Toyotas in southern California are not falling anymore Uh oh