LC

I agree. The technology exists, eventually it will be adopted where applicable. The question is how best to position yourself to profit.

Exactly. Goes beyond voting as well - although I do think it will be useful in that area. Can be useful in the tax field, tracking shell corps, and trying to draw a clearer line between tax evasion vs tax reduction.

Thanks SD. I also did some further reading and it seems promising. There is some work being done at Carnegie-Mellon on this specifically. There are some items which are still drawbacks, one being you still need an "in-person" location to hand out and verify keys. Second, it is not "unhackable" but it is very difficult. Also I think one of the Carolinas used some form of blockchain voting in a primary election this year. I think it's the way forward...hopefully could provide some lift to voter turnout, increased accountability and traceability.

To all the experts here - question for you. So for anyone who has mistakenly clicked into the Politics section and read a few incoherent threads there, one topic that comes up is voter fraud and voting turnout. I would think the that in a perfect world, everyone could vote online, everyone would have some identity token, etc. Obviously In reality this is open to all kinds of fraud and hacking vulnerability. My question is, could some distribute ledger technology be employed to solve this problem?

Merry Christmas, Happy Holidays to the COBF family...and to everyone's real family too :D

I don't think you have to be an expert here. To use the WB quote about being approximately correct: From a birds eye view the economy has been doing great under a low interest environment for what, 7 years? Therefore, time to start raising rates. That's my "approximately correct", 1000 ft view. Regarding the minutiae as to "well they should've done XYZ 6 months ago or whatnot", well just seems like noise...trying to figure out if the guy on the scale is 200 lbs or 205 lbs.

Yes and this is reflected in a one-time change in NPV.

It was just an example. The question is really, how many intangible-driven companies can a society manage without owing hard-asset driven businesses. Will we all be Facebook employees, importing our cars, clothes, and food from Mexico? Has the balance permanently shifted towards the FAANGs of the world, or is this temporary? As the initial question asks, "what will drive both the economy and the market forward over the next generation."?

What’s happening now is a debate about what the drivers of value are—of what constitutes value in the 21st-century economy—and what will drive both the economy and the market forward over the next generation. This is the key questions. IMHO there are only so many intangible asset driven companies that society can handle. By that I mean, there can't be 100 Netflix clones, and nobody to produce TV shows and movies.

Three construction workers: an italian guy, a chinese guy, and an irish guy are sitting up on one of the beams of the empire state building during its construction, thousands of feet above the street below, having their lunch. The italian guy opens his lunchbox. "Ah spaghetti and meatballs again! If my wife cooks this one more time, I'm jumping off this damn beam!!" The chinese guy opens his: "Lo mein again!! Dammit, if my wife cooks me this one more time, I'm jumping off too!" The irish guy does the same, sure enough: "corned beef again! Dammit if my wife cooks me this again, I'm jumping with you guys!" The next day, sure enough: spaghetti and meatballs - off goes the italian. Lo mein - off goes the chinese guy. And shortly followed by the irishman and his corned beef sandwich. A few days later at the funerals, the three wives are grieving together. "Oh my god", says the italian's wife. "I knew I shouldn't have cooked him spaghetti and meatballs again." "It was all my fault", says the chinese guy's wife, "If only I hadn't cooked him lo mein!" Finally the irish guy's wife: "I don't get it... he makes his own lunch!"

A Buddhist goes up to a hot dog stand and says, "Make me one with everything" He gives the guy $10 bucks and gets a massive hot dog back. "What about my change?" The hot dog guy replies, "Change comes from within"

Very interesting, thank you

MC is most useful for convergence testing for derivative pricing models. Little to no use in 'value investing'

Bitcoin has been in the public eye for 3? 4? years now and has relatively no breakthrough public product to justify all the time and energy spent. Where is the value?

Ditto on learning to code it yourself in python or R

Instant pot is great because it is a slow cooker, pressure cooker, and sous vide all in one.

Value is difficult in wine because people have different tastes. And then there's the case that most sommeliers can't consistently identify specific wines in blind taste tests. Burgundy vs bordeaux vs boxed, with a blindfold you cannot tell. Really, it's all emotional in my opinion. So, drink a bunch of wine (:D), find types you like, and go from there.

https://www.bloomberg.com/graphics/2018-us-land-use/ Here’s How America Uses Its Land Good visualizations to get a sense how America is structured.

The value isn;t important, it's the ability to use a static framework to compare options. You can stick your estimated CFs for BRK and AAPL, use the t-bill rate, and see what returns a higher value. It's like a bathroom scale. We all know the scale isn't accurate, but it can still be used over time to measure relative changes.

More useful for VAR estimates and convergence testing.

Thanks for this. Picked up a set of heavyweight merino baselayers for a good price.

I would be. What brand and at what store? Was a DEWALT DW735X There was an eBay reseller listing them for 450 and eBay they had a 15% off deal. Looks like they sold out, however.

The trick with luxury brands is not talking to the people who buy the product but the people who wish they could.

Thanks to Sanjeev and everyone here who makes this one of the best investing communities I have ever been part of. Happy Thanksgiving to everyone and their loved ones!

I guess it depends what you're looking for. I picked up a wood planer for about $350 but I doubt anyone here is looking for that :D Some good resources are slickdeals.net to find deals, and camelcamelcamel.com to find item price history (to see if its really a 'deal' or not). Happy shopping :)