73 Reds
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Everything posted by 73 Reds
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Not sure what you are referring to, John - as I said you are anything but boring. Some posters here OTOH need to have their daily hissy fits. As for separation of powers in the US, they are as strong as ever in spite of the narratives expressed by some who just can't grasp the concept that elections have consequences. As an American I often chuckle at everyone's supposed expertise as to our legal system and constitutional law. Most got their law degrees from the NY Times and network news media and those degrees are worth the price they paid for them.
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RF&L - Ranches, Farms & Land
73 Reds replied to whatstheofficerproblem's topic in General Discussion
Are your describing a lawless, anything-goes society? In that case the most valuable assets are weapons and amo, and a reliable form of secure transportation. -
Insurance Brokers (MMC, AON, AJG, WTW, BRO)
73 Reds replied to tnathan's topic in General Discussion
In hindsight, when otherwise fine, long-standing brands and stocks are punished for temporary group-think it is often a good time to buy them. I completely agree with your thoughts on active trading but believe even less people can really achieve sufficient outperformance to warrant the effort. Beyond that, and apologies to those here who sit in front of their screens every day reading 10ks and 10qs scouring for the next cheap stock, it is boring as hell as compared to sunshine, fresh air and plenty of other stimulative activity in which to engage. -
John, you are anything but boring!
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RF&L - Ranches, Farms & Land
73 Reds replied to whatstheofficerproblem's topic in General Discussion
OK. Hopefully the apocalypse doesn't contaminate your land. Maybe long-lasting foods like the kind sold by MyPatriotSupply would be an alternate choice? -
Boredom. What can I say?
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Why? There is nothing there to quit.
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RF&L - Ranches, Farms & Land
73 Reds replied to whatstheofficerproblem's topic in General Discussion
The original post in this thread was a bit perplexing. Land is like any other asset. If you are considering buying it, there has to be a reason. If that reason is fulfilled through buying vacant, unimproved property then all the power to you. But if you're looking at it as an investment with the idea of making money, there is much more to it. As a property owner I own some (but not a lot) vacant land but each parcel has its own strategic objectives with include improvement and income. -
LOL, every day is Groundhog day around here. Doesn't take much to pull you out of your hole.
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Or perhaps we've just become bored with you all.
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Insurance Brokers (MMC, AON, AJG, WTW, BRO)
73 Reds replied to tnathan's topic in General Discussion
There is a lot AI cannot do. But will someone please explain why AI can't - and won't eventually replace most middle-men and brokers in any industry? -
It really all depends on what happens in the mid-term elections - as is always the case with a lame duck President. But everyone has their own list of issues that are important to them in terms of priority. The narrative is optics are bad; all depends on who is looking through the glass. The overriding majority of people are silent as to how they really feel. It is only those who speak up that control the narrative but not necessarily reality. Even when people do speak up, they often feel differently - look no further than how inaccurate voting polls tend to be. It is only the hardened minority that can't get themselves to look at things with a lack of emotion and a grasp of historical perspective. Very little changes in the long run other than a hopeful move back to the center on most issues. Should that occur, Trump will have been an overriding success.
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Me thinks @frommi's post was made in jest. Can't AI distinguish sarcasm from reality? If not, what good is it anyway?
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Better question: Isn't that the goal all along?
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It would probably be easy enough to protect identity and then fill in all protected data later. But competent lawyers may have to spend more time verifying AI-generated product than simply preparing the product themselves.
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@gfp not to take away from your message but in the legal world, no lawyer who values their license would submit anything AI-generated without thoroughly reviewing and vetting the output. Lawyers have been recently sanctioned for doing just that.
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Yep, success breeds more than just contempt.
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I suppose the same goes for a "store of wealth". This seems to be something the crypto/gold crowd hangs their hat on - for what reason I don't know or even care about.
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Yeah; it's news to me that people for centuries have been storing their wealth in BTC/gold. Not sure what planet that would be. All the wealthy folks I've ever heard or read about store their wealth mostly in what created their wealth.
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Candidly would be a bit disappointed if Berkshire did not initiate a position in MSFT. Hard to find a better manager than Satya Nadella and there should no longer be any perceived conflict of interest with Gates and his prior relationship with Buffett.
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AI will never replace - but certainly enhance - the creativity of a successful business owner. Better efficiency should be deflationary; or at least not inflationary and lead to higher profitability for well managed businesses. Wish I were younger; what a time to be starting out.
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In reading about all the people AI is going to replace in various work capacities, am left with the question of when and how is AI going to generate investment outperformance for you and me?
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And the beat goes on, and the beat goes on.........
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LOL Sanjeev, all you guys need is a conductor for your band.
