Eldad

Yep I like it. Should have tried to buy all of POOL Corp too instead of selling Todd’s shares.

Very cool. That’s it I’m planning a Canada trip.

Take your physical gold with you in the plane and skip a bunch of steps.

Thanks. I have an acquaintance where I live (that was weirdly on the Canadian National soccer team I believe at one time) and he is from Nova Scotia. One time I was introducing him to someone and I mistakenly said he was from Newfoundland. He said “You think I’m a Newfy!?” Or something to that effect. Apparently Newfoundland is like the West Virginia of Canada. I’m from a small Southern backwater state that everyone thinks is the worst and I know is the best, so I don’t care about those sorts of things haha. I was just looking at St. John’s average monthly temps and it sounds like paradise. Just saying.

Always crazy to me that Canada has 4 people per Sq Km and the 10th lowest population density of any country and you all are always saying the cost of real estate is exorbitantly high. I realize probably half the land is almost uninhabitable but still. Isn’t there a nice 100k population town in Newfoundland or Quebec where you could live and work remote? Sounds like an opportunity for somebody to run indoor soccer clinics in smaller spaces and sell it as Spanish style.

Good point. I have noticed on the YouTube type investing shows/podcasts they all mention the same tired points or most obvious moats on stocks and act like it’s a big secret that they constantly explain over and over on all the different shows. Like they are all only learning from each other. I get the sense that there is not much reading or real work going on out there. If my kids (7yo - 13yo) are any indication, deep reading is about to become a very rare super power if it is not already.

AI narrative on these was absurd. Plus the soft market and it was a real low hurdle opportunity.

Yeah you sell chips at a low PE and buy at a high one. The lower the PE the closer to the peak probably. Oh yeah they aren’t cyclical anymore I forgot.

A great parody of the investment psychology people. When I here that stuff I turn it off. Maybe this goes in the blue collar sayings thread but like the country singer says you have got to stand for something or you will fall for anything. Like BRO. Great stock. Great business. Great track record. Valuation cut in half for lots of smart sounding reasons of the moment. You are better off being stupid on that one and just buying a lot. 120 IQ thinking vs 150. I know a lot of people here hate Graham but the essence of winning is still doing the opposite and just buying good stuff because people hate it. If you start going down your bias checklist you are finished.

The other thing is the guy that is making millions on the chip stocks is also likely the guy who will lose 100k gambling on a football game or cheat on his wife and lose half of everything. Also, the guy that is dollar cost averaging the index is learning nothing about business and could sell out to pay off his mortgage or whatever Dave Ramsey tells him to do if SPY is down say 3 years in a row in the future. It’s a marathon.

Good stuff. Thanks. Ripping today

@thowed I think we own a lot of the same stuff. CRAWA saved me last year and TFII this year. But it has been a struggle for 2 years. Don’t worry, I’m pretty sure that means you are doing it right.

MSFT for kids and Mother in Law.

He is becoming Chairman. Probably all set in motion by current chairman David Brandon retiring. I bought some too.

America is good about natural spaces. England and Europe are much better on city beautification. I am assuming the very rich and monarchies paid for it all many years ago. Americans think you are crazy if you don’t build something as cheaply as possible unless it’s a private home or private club or something. Then they go and spend 20k every summer to go vacation in Europe. Aesthetics in your living area are very important to mental well being and happiness imo.

CSU, Topicus, Lumine

The stuff most billionaires buy doesn’t really appeal to me. But I think it would be really cool to beautify/improve my city with schools, museums, ornate fountains, bridges, etc. I would like to be heavily involved and the patron of an elite charter type school in my community (I have a lot of thoughts on that) I would like to have a beautiful parcel of private forest land like 10,000 acres + in one spot close to my home. Boats, planes, art, watches, jewels, wine collections no thanks.

Did Warsh just poleaxe SPCX?

The real estate looks to be very high end. Looks like a bunch on multi-million dollar houses for sale in Niagara on the Lake. Any Canadians have an opinion?

Ha yeah I think Lady Camilla is maybe more of a freak. Didn’t he write her that he wished he could be her unmentionable? Macron is a real head scratcher but I think he had an affair with her when he was a teen and she was his teacher.

Ha yeah I think Lady Camilla is maybe more of a freak. Didn’t he write her that he wished he could be her unmentionable? Macron is a real head scratcher but I think he had an affair with her when he was a teen and she was his teacher.

Haha yeah. And the no collar one makes it worse. It says ”I’m from the future, and I know.”

Race is on to file that IPO as well. Market is now starting to hate all of this. META now at 17x as market begs them to stop.

It was always a sales pitch. Now that the college kids boo the commencement speaker when they mention AI, the AI Corporates pretty much all shifted in unison to this statement. Read this thread about 6 months to a year ago and see who bought it hook line and sinker. Maybe some of the same ones that thought we would never emerge from Covid in early summer 2020.

You are assuming the combined ratio can never go way over 100. Writing insurance in Poland, Ukraine, S Africa etc with 3x leverage is not without risk.