LC

What's the diff between the F and Y adrs? My broker only lets me buy the Y. Are the Ys onshore and the Fs offshore?

I mean, Charlie can talk about how rational he is, but the reality is that the hatred for poverty and obscurity drove him to greatness: "but I hated poverty and obscurity and have satisfaction in coming a long way from where I started... Cicero says happy men in old age look back on a lot of achievements. Some say that’s damn selfish, but I like it. I’ve always hated poverty and obscurity and finally found my way out of them"

Same, also just locked in 3.5% for 30

to be fair, that's one of the few things i disagree with CM/WB on. i've always fallen into the "better to have loved and lost" camp.

You haven't made clear how removing public education is an improvement. Your suggestions, which boil down to "get rid of everything", imply that the existence of public education prevents education. But I would disagree: I attended public schools for the majority of my life. I've learned many things in public schools. Including how to deal with those "impeding education". I've also learned many things outside of school as well as a result of my own initiative. The two are not mutually exclusive. Additionally, other options do exist: Home-schooling exists. You can pay for private schools which ascribe to any number of teaching methodologies (montessori, harkness, etc.). I would also disagree that you can't "design" or "force" education. I was "forced" to do my "designed" homework on a daily basis by my parents. Their rule was, do your homework then you can go play with your friends. Well, it worked.

Too much regulation or absolutely zero regulation both cause problems. As with just about everything, moderation is best. Standards exist to ensure safety. Snake-oil salesmen exist in all forms, education is no different. What makes you think removing all regulation will have a positive effect?

i;d concentrate my efforts on the parents. they have the most motivation (usually) and know the kid best (usually). teach them to teach their kid the right values

Sanders imho provides the best long-term plan for the health of the country. The markets will eventually reflect this.

That's great, sounds like he has a strategy that has done well thus far. And now it sounds like the "pressure to do something" has overwhelmed him into fixing what already seems to be working just fine. Any of those four options will fail if your friend falls prey to the "urge towards activity". For example, take option (1): mechanical value-investing. Tons of people try this at different points in time and the vast majority abandon it. There are only a handful of PMs who continue to do so. Most can't sit still.

Congrats indeed. Much kudos to Patrick Bryne.

nike philip morris FICO

huh, can you elaborate? OK so this is a totally half-baked futuristic scenario, but what happens to the economy when the marginal cost of production approaches zero? Let's take Nike, in say 100 years (or however long). The world has fully transitioned to solar power and the price of oil has plummeted to practically nothing. The COGS of a Nike shoe is freakin' miniscule. They've got robots handling 99% of production at lightning fast speeds at mini-factories to minimize shipping costs. If the total cost of Nike shoe is $10 today, let's say its $0.25 in this futuristic world. And it's not just Nike with minuscule costs of production, it's across the whole developed world. Self-driving cars has ensured auto insurance doesn't exist. Insurance brokers? There's an app for that. Manufacturing is about as hands-off as it gets. Planes fly themselves. Improved satellites mean the cost for a cell phone carrier is practically nothing for incredible bandwidth. The advancement of technology has made the cost of resources and production super low. So a lot of people are not working in these areas, not making a salary, but on whole their quality of life is greater than it is today. But perhaps their wages are much lower. Does this mean the market price of a Nike shoe is going to drop from $150 to $20? Monetarily this reduces the discounted present value of Nike. But economically they are still just as valuable. On a whole what does that world look like on a monetary vs. economic level (price vs. value)? /super rambly post

"Value" functions in a world of classic macroeconomics: the distribution of limited resources. What happens when technology and society advances to the point where "limited" resourced become much less limited?

Buddy was a programmer for Rentech. Cited Simons as a total pr!ck based on a party he held for the firm on his yacht.

How well the private businesses function post-Warren.

Haha, sorry it came off like that, I wrote that last post after about 4 old fashioneds last night on an empty stomach! Much love, Nate!

Or perhaps he simply prefers to have a few cash sales because there's no traceable documentation which could trip him up when he fails to report the revenue from that job to the IRS. It's a nice little boon to his financial situation to charge you $5k to do your roof, not report the revenue and then apply the $3k of costs (for which he will certainly have documentation) against the revenue that he must declare from the clients who do pay him by cheque. But at least the explanation that he provided to you is less sleazy than the simpler alternative. Seriously, this is the correct reason. Supplier credit? Give me a break, that's being naive. He's worked with that same truck driver for months/years. He says listen, I'll pay you when I get paid. Either do the job and get paid after I get paid, or don't do the job and don't get paid at all. The truck driver knows that. And he's buying materials out of pocket from Home Depot, whether you pay him by cash or check. He's giving you a break on cash because it causes him less of a headache with taxes and dealing with cash flow. This guy is a contractor who would rather be on his couch than your roof. He looks you over once, and figures really quickly how much of a break he needs to give u to cough up in cash. I'm guessing on a 5K job it's about $200 bucks. $300 if you endeared yourself to him and asked about his family and shared a cigarette and beer with him. Supplier credit? C'mon now.

Let's be real, cash is less efficient in 99.9% of scenarios. Yes if civilization combusts MAYBE cash will be more useful, but really only for a week or two tops. In reality, the gov't will step in and stabilize things. Unless you think the Oregon militia is going to step into that vacuum of power. LOL.

Never use a debit card at a strip club. I had my Amex double-charged and had to send the Amex mafia after them. The only people I trust to go toe-to-toe with strip club operators are those responsible for managing large retail credit portfolios.

I use cash only for paying at restaurants because charge-backs kill the tip rate when using plastic. Bartenders/baristas tend to take better care of you due to this.

if they're up on the quality scale (GARPy), i'd be interested.

browse bizbuysell and see what u can find in terms of the private marketplace. i remember about a year ago seeing a concrete flooring company doing 1MM profits selling for 5MM. the owner was moving out of state and was willing to stay on a month to teach buyer. maybe 5x earnings is not a great price but at the least it tells the entrepreneur who wants to hire a few flooring guys, rent some equipment, etc. where opportunity exists. also if you know real estate but don't have the capital for a down payment, there are coffee shops/delis/etc for sale at decent prices. if you think the neighborhood is growing in population or income you can make a good deal, again with the work. then again a lot of people want to just get rich sitting in their armchairs.

They're not, in fact they help regulate proper androgen levels. I'd suggest examine.com for supplement/diet information: https://examine.com/faq/is-saturated-fat-bad-for-me/

if i win i'm buying all the growth stocks!

pricing power.