whatstheofficerproblem

Yep. @Gregmal, Opalesque actually did a very interesting study. It just so happens that the best performing managers are unable to raise money and are eventually forced to shut down shop while the mediocre/worst performing ones keep getting injections. The answer for this came down to a single differentiating factor and that is marketing. Opalesque observed that good managers trust their performance will do the marketing but the truth is often very disappointing and the loudest get more attention than the smartest.

I am seriously puzzled at this narrative. Have folks who say this ever been to the country? Most 'urban' areas are filled with wannabe westerners men & women who are up all night party, go to pubs and what not. I'm not gonna judge them for it. Plenty of women also work night shifts. Rural areas might be a different story, but I doubt women feel safe working nights in any backwater towns in the US as well. Your wife's comment actually prove something - that is India has a very bad PR. Another problem with India which I find frustrating is that people want to 'save nature' & 'protect forests' but also want urbanization, how does that even work. People want development, yet oppose it & then go vote for freebies. Take a look at how much the Indian govt spends on it's industries vs freebies. A shit ton of money going to 'Ladli behen yojna' etc etc. But alas, such is the problem with democracy. It is after all democracy & not meritocracy so people can elect an imbecile if they choose to. People whine about how the taxes in India are so high but facilities are worse than 'Africa'. The subtle racism of that statement aside, what else can the govt even do? Over 95% of the country doesn't even pay any income tax. So the only way left to collect anything is through passthrough taxes like GSTs etc & even when collected most of this will go to subsidies . The absolute cherry on top is, rich kids in their urban homes with air conditioners have such an inferiority complex that they will go onto reddit and validate racists just so they can get a pat on the back. 'Look master, I'm not like the other Indians teehee'. This once again ties into the PR problem. And don't even get me started on the courts & bureaucracy. Apologies for the rant, but the unfortunate part about India as a country is that she has way too many enemies on the inside.

I doubt folks are willing to throw their money at 22 year olds from state schools. Not to mention the cost of running a fund, I'm seeing it first hand and it aches me. Last thing I wanna do is throw a bunch of 'pass-through fees' onto LPs.

Interesting, why do you say that?

Umm.. folks, is there no CSX thread on the forum?

I'm seeing that first hand & I agree, I was merely taking a jab at Luke's infinite wealth. Adding something onto @Gregmal's words, another reason I think non-NYC hit it out is because when you're in NYC you're mostly spoon-fed most of your info and opinion about companies. Try going to any given fund on the street and asking them to buy CSU or GTLB. Software is so out of favor that these funds don't even want to debate the merits. I personally think now is a very good time to be a value investor if you have duration, because the rest of the market certainly doesn't have any.

You should definitely give this a try. This version of the song got so popular that Drake's record sued the video out of existence, but smaller accounts have been constantly re-uploading.

When I start a fund 10 something years from now, I hope the members on this forum will fund me just like how Guy's father and his friends did. My parents aren't rich, so I'm counting on you guys. I recall @Luke saying he will seed me with $50M which is only a fraction of the TSMC money he made. Let's try GS' fee structure and we'll see how it goes.

Fintwit spares none.

As of last year. Just found a company & mgmt I had 100% conviction as I followed the story there for a while. So far I haven't been disappointed.

Ericopoly hasn't been as active these days. Please tell us about his exploits.

To invert this, how little is too little? 90% of my portfolio is in one stock with the remaining 10% in the LEAPS for same name. Am I underdiversified?

An angel lost it's wings. It is sad to see BRK will no longer be the position it once was for the members here. Fate truly is cruel, when it was finally my turn to make money and piggyback off Buffett's compounding, he gets old and retires. But hey, I always have Cathie Woods amirite?

Except, one of them is mission critical and matters to enterprises who can spend more going fwd and also has an underpriced product for it's capabilities. The other needs to watch it's back from Asana. Also, $200M is a big difference given the growth rate plug. If growth rate of both companies slows down at a similar pace, the difference could still end anywhere between $500M-$1B+ after 5 years.

Fwiw, non on-prem companies like using MNDY but it is only one of the many cloud only names, the competition there is high and don't think these smaller companies can spend enough turn MNDY around. Still can't believe this thing is worth more than GTLB. I bought some CVRX.

I agree. I don't know if I should be saying this, but I have never in my ~4 year stay in this country seen an Asian couple my age or younger. I don't mean India & co. Referring to more SEA. 75% of 2nd gen Vietnamese women's kids don't have a Viet father, crazy stat to think about. More than subservient, think some of the ethnic women themselves have an inferiority complex and actively seek to date away from their own and into white men. Seeing an increased trend of women from certain geographies fetishize predominantly european features and hoping their children have them.

People have been fking people for since millennia. Interracial marriages exist all over, I was not talking about the dorks just look at the couples in California lol, my observation was that the new generation 'white supremacists' who genuinely believe in the superiority of their race, can't seem to stick to their own beliefs when it comes to finding a wife and just so happen to be hitched with either someone from the orient or south of the border.

See now that's interesting. Also never seen a white, career oriented, liberal, 'I love minorities' chick have a colored husband.

I actually find this to be true. Though I think this guy is referring to the wignat movement. How is it that every neo-white supremacist has an oriental wife?

Well it's a gamble. The guy who sold me the whiskey didn't know the history/sentiment attached to this batch of bottle. I call him back after coming home to let him know this could have auctioned for more, especially in EU where it used to go $2k just a year or two back. He was surprised and said, 'well that's the only bottle of it we had, you got lucky with it'.

Ha! Tax refund money. Liquor is one misc item that I don't mind spending on, albeit I'm very cognizant that good whiskey can still be overpriced because allotment and all. I thought I'd probably get a Redbreast 27, none were available near me and I had to drive to downtown LA or Beverly Hills to get that, and that is a soul sucking drive on a weekend which I would rather not put myself through. Went to nearest Total Wines where the app said the bottle was available only to find none in stock, so I was walking along the beach when I saw this liquor store off a street, went in and to my surprise they had a McCallan 25 & Ardbeg 25. Given the McCallan's price I'd rather drink it on someone else's tab, was quoted $1.5k for this brought it down to $1.2k and another misc discount. Feels weird to have a whiskey that is older than me. Oh well, if brewing liquor is an art, so is drinking it.

At last I was finally able to find a 2022 batch of the Ardbeg 25. This is from before Glenmorangie bought the distillery and re-opened operations. I could have auctioned this and made a small profit but I was thirsty. Paid $1.2k for it, certainly overpriced as Redbreast spoiled me, but don't regret the purchase. Tastes good, ton of oak, the oak is perhaps the strongest flavor followed by sort of a bonfire burn & spices. The best way to explain the flavor profile for those who haven't tried it yet is that, this tastes like Black Label but with a suit & tie getting off a Rolls Royce, if that makes sense.

This picture is worth more than my entire net worth. Greg, you owe me a few drinking sessions it seems. Will reach out when in FL

I had Redbreast PX edition for NYE. Found a rare 2023 edition for $150 and bought it, zero regrets. This is the best scotch I had and perhaps the best value for money imo. Midleton's finest work. I drank the whole thing neat, tastes awesome, lots going on in it but the profile will surprise you each sip. One sip feels sweet, other oaky and another nutty/spicy. Liked this better than the 12. The kicker is though, I've had drinks that get me drunk and drinks that get me sleepy. This one got me both drunk and sleepy. Slept like a baby. Going to try Redbreast 25 next, celebratory drink for me come bonus season.