LC

Squat and deadlift as much as you can! Gotta keep the lower body strong…if you have access to a sled, sled pushes are incredible and they don’t load the spine like a squat does, if that concerns you.

Sounds wild. I always knew Zordon was up to something sneaky. Thanks for sharing the recommendation.

https://www.cbsnews.com/news/ford-f150-lightning-price-cut-ev/ Ford Motor has cut the price of its electric pickup truck, the F-150 Lightning, by between $6,000 and $10,000 at a time when major automakers are fiercely competing for the attention of electric vehicle shoppers. Company officials said Monday that access to raw materials for the truck's battery is improving and that it has upgraded its suburban Detroit factory where the truck is manufactured, enabling it to drop prices. Those developments also mean customers will get their custom-ordered F-150 Lightning much faster, Ford said.

To me it makes sense to have a timeframe for Ben Graham type stocks (net nets, cigar butts, etc.). Stuff you are buying low and selling at something looking like fair(er) value. Other stuff with long term compounding opportunities, that I am a little more flexible. These are the great company/good prices Buffett-esque stocks. TV, like you, I bought because it looks cheap. But, I don't want to own the main business long term. Maybe if they spin Univision or the futbol team & stadium, I would consider holding those. But to me, this is cigar butt I am looking to get a puff on.

What tools do you use to review the indian markets? Both at a high level (screeners) and for individual company financials/filings?

For other buyers (low/no cash, first/second time homeowners, younger and middle class), there is no inventory. Hence the homebuilders doing well and stuff like homebuilders and JOE/PCYO etc. catching a bid. Although JOE also has some additional drivers (coastline expansion, retirement/vacation homes etc.). But my take is that it is new builds rather than existing inventory turning over.

Hubris punished - glory to Poseidon. We should be sacrificing our best goat and flagon of wine.

Aside from first time buyers, if nobody is buying second homes/third cars because 6/7% rates have killed those markets, where are people putting those dollars? Seems like equities.

Yeah, I sold deep ITM calls against my entire LPX position. Was a nice IRR.

Here's a question: If you accept that the stock price is a rough estimation of intrinsic value (over a long time horizon), is it reasonable to accept stock price volatility as a rough estimation of intrinsic risk over a similarly long time horizon?

OXY is another one. The warrants are attractive, you can sell short term calls against.

Hey I really don't know. And I was a 20 something that bounced rather than pay 1M for a half-shitbox, so I get your point. That said - NYC can reinvent itself very quickly. The city's pace is very quick. You're right that the homelessness and the bullshit policies and politics are a problem. But those are temporary problems, not structural. WFH yeah is a structural problem. But I think that can just as easily bring folks back to a revitalized NYC as quickly as it drove them away. I own Clipper and Aimco, in about equal weights.

My take is that NYC goes thru ebbs and flows. Like everywhere else. What is NYC going to look like in 2040? My guess it will be more desirable than the sunbelt. I may be wrong but that's where I'd put my chips.

Msge, oxy Silly Schwab didn’t execute my clipper order at 5.0x a few days ago

My girlfriend is a doctor - this is exactly right. (I am US based fyi) Find a doctor / specialist you like and is knowledgeable, and ask them for recommendations. Medicine is a small world and everyone knows who practices bad medicine. To expand - she is an allergist, she works closely with derms. They all know each other. Her good friend from medical school is also an allergist, but her husband is one of the leading heart surgeons in the area. And he knows other surgeons, etc. So asking my girlfriend (an allergist) for a recommendation on a surgeon goes thru a personal network of doctors. They aren't friends with crappy doctors (which absolutely exist - just like in any other field).

36 and skiing way more than I did in my 20s! A win for sure. Drinking less, partying less, but still manage to have some fun. Slang pizzas at a show for a bunch of 20 year old wooks a few days ago, was a great time. The pizzeria is great, free concert tickets is fun Definitely can’t do it back to back to back days anymore, though. Camping/fishing/hiking season is here, going to plan a few 14ers and spending a week later this month at “the secret spot”. Looking forward to that! I figure don’t fuck around too much, exercise a bit, keep doing stuff that excites me, don’t get someone pregnant, and I can maybe keep this train on the rails for another 30.

While nobody is above constructive criticism, I've certainly bought into companies with volatile economics (such as airlines) and sold out when I should've been buying more. To me, this is an understandable error on Buffett's part. However, never in my life have I thought about going short 100+% of my entire investment portfolio based on a macro outlook and a political/election driven opinion (of which everyone and their uncle has got, and is worth about as much). To me that is loopy, which is why I think Prem deserves the increased scrutiny. All that said, I am more than doubly invested in FFH compared to Berkshire (~27% vs. 11% of my investment portfolio) as I think the upside is greater at Fairfax. But I also keep a closer eye on Prem and Co's decision.

Schwab: 1. Your order cannot be accepted. This security KTBA is accepting closing transactions only. (DO911)

Don’t stop at bolshie, SD- go full on Trots!

I grew up a few blocks from my paternal grandparents on the east, and maternal grandparents on the west. Both my parents worked, and having grandparents watch the kids was the "norm". Now they were poor, off-the-boat adult immigrants...without a lifetime of savings to go travel the world, have a vacation home in Florida, etc., which perhaps nowadays grandparents are doing.

People lie, Paul.

Execution i think is the biggest concern. Two fronts: when will the insurance market soften; how will the equity investments (and future decisions) hold up. Particularly, if US interest rates hover in the 5-7% range.

Depends what you want. I am not a big fan of travel- but 3 homes in 3 locations I love, and income enough to dine out in each…I don’t want more! I ski, I hike, i fish for recreation. Good food, cheap wine, a smoke, a beautiful woman, I am a happy man. Only people who care about stuff like Davos are egotists and sycophants.

https://boredbat.com/the-housing-market-has-never-been-this-unaffordable-for-new-buyers/

Show me the audited records Explain exactly how you’re using “basic trend lines” “volume” to trade. Nobody ever seems to publish those two. Not calling out these folks in particular, but my guess is these guys spend more time on their digital sales funnel than anything else.