LC

A classic

Didn’t the vice chair of the FRB just resign over this?

Not with that attitude

Yeah I mean I'm definitely over the scare tactics and checking all the data and such. I wear the mask where people require it, I'm vaxxed and boosted, so now it's just whatever. I've done my part. That said I took a look at the CDC's excess deaths in Colorado for 2021 and it's definitely outside the average band. NYC however it is barely a blip for 2021. But then again CO has more never-vaxx than I think NYC would.

Flew back to NYC over the holidays, flight attendants asking "are there any medical professionals on board?" Five minutes later they break out an oxygen tank for some dude a few rows up. Needless to say: Runny nose and sneezing for a day, and a cough the next day. Maybe a slight headache the next few days but could've been hangovers...tough to tell. Gave it to the entire family too (assuming I was the patient zero) Same story here in Colorado - lots of restaurants without dine-in service because people are covid+. Girlfriend (MD) caught it independently as I was out of state, and says hospital beds are at 93% capacity in the state. Not sure how effective liquor is vs. the coronavirus but I'll make sure to keep testing.

Fully exited Livenation yesterday at 125, cost basis was ~45 during the march 2020 drop. Was the only thing I held throughout from that time period (most other purchases were call options which were sold and reinvested in the underlyings)

About 43% in my investible accounts. Private RE holdings went up ~14% on an unlevered basis but I maintain 80% LTV so much higher cash on cash returns.

Check audiokarma. They’re my “go to” for audiophile needs.

Same. It got a lot of hate from the diehard readers but as someone who never read the books, I enjoyed it as well. Got me looking forward to reading the books, actually.

What's the thinking? I agree it's looked cheap. Inflation + looking at crypto as the comp

Happy holidays all, and an obligatory thanks to you Sanjeev for maintaining this forum. A bit less of an engaging year from myself but happy to be a part of this community. Cheers!

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?