LC

Howard seems to me like a bit of a weirdo to be frank And actually on 2nd thought I would prefer he never has any link to Berkshire.

What is your opinion on valuation? Looks like it's trading ~16x AFFO

A different take (slightly) https://www.bridgewater.com/its-mostly-a-demand-shock-not-a-supply-shock-and-its-everywhere

Makes sense Assuming the underlying trade thesis, this may be an interesting read: https://medium.com/@ryan79z28/im-a-twenty-year-truck-driver-i-will-tell-you-why-america-s-shipping-crisis-will-not-end-bbe0ebac6a91

Assume you got better pricing this way than just buying call options? And no dividend drag either.

I would suggest books from successful practitioners. Buffett (partnership letters), Graham, Klarman, Greenblatt were my favorites.

I sold around COVID to buy what I thought were more volatile companies that would bounce back harder. I never rebought for a few reasons - concerns over the exhibitions biz (my question was, 'would it return post-COVID, and if so how much?') and I felt the publications biz is ripe for disruption given how much they were/are charging.

I've owned RELX (and its component companies) in the past. I am curious why you think it is attractive at this moment.

Yeah, foundation is sucking. Dune looks good, I am excited to check it out next week. Im looking forward to the wheel of time series which is coming out in a month.

Question here to the Canadian folks on the board. The US at least in my narrow experience is seeing a lot of Multifamily being built and coming on the market, particularly in tier 2 destination cities. I think this is the main factor which could ease buying frenzies. Did a similar phenomenon occur in the big canadian cities?

Ask any broker what the 3 most important factors are in home buying: location, location, location.

I was just about to post that

Eric, I assume given the deep ITM/ATM options, you would like to hold BABA for the long term? Otherwise, why not buy further OTM calls for more leverage?

Yeah I think it's BS to say it's "too dangerous" when at the time everyone is OK with wining and dining. It's obviously an excuse because they don't want to go to the office. Most people I speak to say they want a flexible office schedule, go in 1-3x week. My guess is to either get away from their kids/partners (older employees) and or socialize with colleagues (younger employees). And sure, some folks are admittedly more productive in an office. My guess is most companies will downsize office space, leverage a shared hotel-ing structure, and allow flexibility. That seems like a good compromise to me.

Well that's a different story. Yeah, when you're paid by The Man, you do what you're ordered to. But if you're going to argue that "the recovery" hinges on people going to an office...or that The Man's orders are the most effective...I'm going to disagree. Hell, I've got people who were "ordered" to return to the office in NYC in september. So they show up, and now they have to wait in line for 2 hours EVERY DAY to get scanned in manually because security is checking vaccine IDs and such, and are too swamped to issue new IDs to people who joined in the last 1.5 years. So now I've got my people wasting 3, 3.5 hours of their life (Waking up and getting ready to commute, commuting 30-45 min, waiting in line for 2 hours, getting setup at some hotel system workspace, etc.) just to start working. They're exhausted and frustrated at the end of this...and now they have to start "work". And how do you think their work quality is? I do highly technical shit, I need these people's brains to be sharp and energized. I'd rather them roll out of bed in an old t-shirt and boxers, make a cup of coffee, eat a damn banana, log onto to their laptop that is sitting on their kitchen table, and get to work. Forcing people to do something unnecessary and inefficient isn't good for anyone. And if I were them I'd be looking elsewhere for employment (and the ones who don't need work VISAs are). So now I've got higher-than-normal turnover, again in highly-technical roles where it takes 6 months to really onboard people. So the whole thing is a hot mess and total BS. And senior management/employers know it, which is why nobody is getting fired. And it's why we've got open roles paying well into the six figs, why we can't fill them, why we are paying offsite consultants to stopgap, those consultants who are sitting and working from their kitchen/living room in places not-NYC. So pretty much the entire "get to the office" orders just mean employers are paying MORE to consultants to work-from-home

Nobody wants to go to the office because everyone knows you can get the same job done in 35% of the time at home without all the office BS. LOL. The economy is doing just fine - despite empty office towers. So how useful are they, really?

Interesting. Buffett really was/is a master at using/leveraging people.

or to paraphrase charlie munger, if you cant stomach seeing your investments drop 50% then you have no business investing in common stocks and you deserve your mediocre returns.

Here let me break it down for you -don't become a junkie -exercise and stay healthy -be generous with other people Not rocket science but the best messages are worth repeating.

Welcome, and thanks for sharing!

Maybe not die hard...but matt & trey just bought casa bonita

Perhaps it would be a good idea to start a thread discussing potential innovative ideas and related companies. Greg and CRISPR comes to mind Isochoric freezing is something I just read about https://www.ift.org/news-and-publications/food-technology-magazine/issues/2019/november/columns/isochoric-freezing https://escholarship.org/uc/item/6nw3q238 https://www.sciencedirect.com/science/article/abs/pii/S0963996921001277

I wonder (I don't have the $$$ nor the time...yea the time... to have explored this) but let's say I have a $5B IRA. Can I make a deal with some financial institution headquartered in Panama or Poland or whatnot such that I carve out $1B of my IRA into a completely separate account and allow them to fully manage it, with the agreement that when I am able to redeem my tax free distributions, they own the full distribution of that entire account, in exchange for a $1B interest-free loan today?

I always liked Buffet's partnership letters, Klarman's book. I think between those 2 you're good to go. Then take some money and get to it. You learn by reading but you only really understand when money's @ risk.

Nonino is what I usually recommend as the beginner amaro because it's very inviting https://www.acouplecooks.com/amaro-nonino/ That said the best thing is go to a restaurant with a well stocked bar and try a handful, as there is quite a large variation in flavor. Cheers