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Everything posted by LC
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Doctors and experts - be wary of their opinions at times
LC replied to LongHaul's topic in General Discussion
Agreed. Have you seen the new AgTech research coming out? Could really turn the industry on its head: -
LOL. If someone who isn't rich does this you probably just saw my grandmother. Hahaha ;D
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I finally got around to watching this - thanks Liberty. For anyone outside the NY tri-state area in the 80s/90s, this presents the "Real" Donald Trump (namely, the idiot we all grew to love) .
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Buffett buybacks: Could Berkshire tender stock?
LC replied to alwaysinvert's topic in Berkshire Hathaway
One thing buffett hates is being front-run. So if we're just talking about now, he's probably already doing it. -
A young woman alone in New York... Was so depressed that she decided to end her life by throwing herself into the ocean. She went down to the docks and was about to leap into the frigid water when a handsome young sailor saw her tottering on the edge of the pier, crying. He took pity on her and said, "Look, you have so much to live for. I'm off to Europe in the morning, and if you like, I can stow you away on my ship. I'll take good care of you and bring you food every day." Moving closer, he slipped his arm around her shoulder and added, "I'll keep you happy, and you'll keep me happy." The girl nodded yes. After all, what did she have to lose? Perhaps a fresh start in Europe would give her life new meaning. That night, the sailor brought her aboard and hid her in a lifeboat. From then on, every night he brought her three sandwiches and a piece of fruit, and they made passionate love until dawn. Three weeks later, during a routine inspection, she was discovered by the captain. "What are you doing here?" the captain asked. "I have an arrangement with one of the sailors," she explained. "I get food and a trip to Europe, and he's screwing me." "He certainly is," the captain said. "This is the Staten Island Ferry."
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Buffett buybacks: Could Berkshire tender stock?
LC replied to alwaysinvert's topic in Berkshire Hathaway
I don;'t think so. S&P includes them based on market cap. Only way to do so would be to de-list. -
Science Losing Credibility As Large Amounts Of Research Shown To Be False
LC replied to LC's topic in General Discussion
Re-bumping this thread because, despite the thread name and valid criticism in this thread, scientific progress really is spectacular to watch, and is by far one of the greatest contributors to improvements in human life: https://www.sciencealert.com/lab-grown-lungs-pigs-success-2018 -
For passive investing there are two options: Berkshire or Index funds.
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It's not just you. It's only natural to be curious...when I was a child I used to ask my uncle every year if he would tell me his war stories. I didn't see him for about 10 years, and then when I did I realized - damn if he wanted to tell me, he would. For him, he didn't want it to be a part of his identity, or how other people viewed him, especially his family.
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Trauma is incredibly difficult to address. In terms of wars, Vietnam was especially difficult on returning soldiers. Pushing or forcing a discussion is not going to be helpful.
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Best Broker for OTC stocks - I need a recomendation
LC replied to NoCalledStrikes's topic in General Discussion
https://www.sec.gov/fast-answers/answerspennyhtm.html -
According to that I will live to 83. Better start saving
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Agreed, fascinating. Good article and project
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I would try finding alumni that work in related shops, try to get a gig thru them, make a good name for urself, then try to make a jump to the fund u are interested in.
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you can try to value the largest subsidiaries on a standalone basis.
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Pretty cool, thanks as always Joel for your contributions
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I don't have too much experience but I did not get the sense these were long term value guys. More like medium term catalyst/ event driven stuff with more frequent churn.
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http://www.telafinance.com/blog/can-you-hold-for-forty-years.html Figured the board may enjoy this short read.
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No I don't want to be the top of the top at my craft. Frankly in most cases I have seen, you need to be born with a generational talent to reach that level. It is not a developed skill. I'd wager the majority of those in the 0.1% were born there (or somewhere close) vs. developing skill to get there. But to me none of that matters - you play your cards as well as you can and hope for the best.
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Who gives a $#*@? Something about jealousy being the most boring of the sins.
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I consulted with auditors for specific issues. They are in a tight spot: limited information, and perverse incentives. Difficult to make change when the cards are stacked against you.
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I've argued for something similar to this. The question I have is, what is a good timeframe to judge a long-term investment manager? 5 years? 10? Let's say it's 5 years. If I were to pay the "perfect" manager - i.e. someone to make all my investment decisions for me, I argue that the compensation should be a performance fee of X% for all gains over the 5 year treasury. No management fee. The treasury is truly risk-free. Allocating to S&P index entails risk (equities could be overpriced, you could buy a basket of bonds or real estate instead, for example, and this is part of the investment manager's job of allocating capital to risky assets). Which is not a huge hurdle. The 5-year is aprox 2.75% these days.
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We are in a giant bull market. And the banks have benefitted greatly from this. I don't think the next five years will look similar to the last.
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I agree with Shalab. You can tell yourself how you "should" react to a large MTM decline. You don't know how you will feel until you experience it. This is where youth helps. Losing 50% on a 2K investment is a lot different than losing 50% on a 200k position.