LC

I'll tell you...food is one of my favorite things to spend money on. Cars, clothes, etc...I don't really care. But damn do I love food (this is the fat Italian kid in me talking). I would say, some of the 3 star spots that have had 3 stars for a while...they can be disappointing. Per Se served me a piece of salmon that may have been a salt lick. After you've gone to the established places, I find there's more joy in checking out 1 or 2 star spots that are fighting for that next star, or places that are working for their first star. IMHO these are the people trying a bit harder and putting out good stuff while being really creative.

Tons of great Sushi in the US...I would hit up Akiko, Kashiba, and Nakazawa before venturing to Japan.

Been to 11 madison and osteria francescana...these lists are always delayed. I wouldn't put either on my top 5. But these things are also super-subjective.

Great anecdote. RE is truly location location location. You need to know where people are going and what is cool. The question I always ask is, "why the F*CK would I want to live in XYZ???" Gotta have a good answer to that question.

To be honest, I'd only buy a house if... 1- it's a screaming deal 2- you're setting down to have children Otherwise, rent.

Also...the best defense is a good offense.

Agree with sarg. And to anyone reading this: don't get married.

I take no credit, I am a shameless thief :D

Once there lived a beautiful Queen with incredibly large breasts. Nick the Dragon Slayer obsessed over the Queen for this reason. He knew that the penalty for his desire would be death should he try to touch them, but he had to try. One day Nick revealed his secret desire to his colleague,Horatio the Physician, the King's chief doctor.Horatio thought about this, and said that he could arrange for Nick to more than satisfy his desire, but it would cost him 1000 gold coins to arrange it. Without pause Nick readily agreed to the scheme. The next day, Horatio made a batch of itching powder and poured a little bit into the Queen's bra while she bathed. Soon after she dressed, the itching commenced and grew intense. Upon being summoned to the Royal Chambers to address this incident, Horatio informed the King and Queen that only a special saliva, if applied for four hours, would cure this type of itch, and that tests had shown that only the saliva of Nick would work as the antidote to cure the itch. The King, eager to help his Queen, quickly summoned Nick to their chambers. Horatio then slipped Nick the antidote for the itching powder, which he put into his mouth, and for the next four hours, Nick worked passionately on the Queen's large and magnificent breasts. The Queen's itching was eventually relieved, and Nick left satisfied and hailed as a hero. Upon returning to his chamber, Nick found Horatio demanding his payment of 1000 gold coins. With his obsession now satisfied, Nick couldn't have cared less knowing that Horatio could never report this matter to the King and with a laugh told him to get lost. The next day, Horatio slipped a massive dose of the same itching powder into the King's underwear. The King immediately summoned Nick. The moral of the story - Pay your bills !!

A husband takes his wife to play her first game of golf. Of course, the wife promptly hacked her first shot right through the window of the biggest house adjacent to the course. The husband cringed, 'I warned you to be careful! Now we'll have to go up there, find the owner, apologize and see how much your lousy drive is going to cost us.' So the couple walked up to the house and knocked on the door. A warm voice said, 'Come on in.' When they opened the door they saw the damage that was done: glass was all over the place, and a broken antique bottle was lying on its side near the pieces of window glass. A man reclining on the couch asked, 'Are you the people that broke my window?' 'Uh...yeah! , sir. We're sure sorry about that,' the husband replied. 'Oh, no apology is necessary. Actually I want to thank you.. You see, I'm a genie, and I've been trapped in that bottle for a thousand years. Now that you've released me, I'm allowed to grant three wishes. I'll give you each one wish, but if you don't mind, I'll keep the last one for my self.' Wow, that's great!' the husband said. He pondered a moment and blurted out, 'I'd like a million dollars a year for the rest of my life.' 'No problem,' said the genie 'You've got it, it's the least I can do.. And I'll guarantee you a long, healthy life!' 'And now you, young lady, what do you want?' the genie asked. 'I'd like to own a gorgeous home in every country in the world complete with servants,' she said. 'Consider it done,' the genie said. 'And your homes will always be safe from fire, burglary and natural disasters!' 'And now,' the couple asked in unison, 'what's your wish, genie?' 'Well, since I've been trapped in that bottle, and haven't been with a woman in more than a thousand years, my wish is to have sex with your wife.' The husband looked at his wife and said, 'Gee, honey, you know we both now have a fortune, and all those houses. What do you think?' She mulled it over for a few moments and said, 'You know, you're right. Considering our good fortune, I guess I wouldn't mind, but what about you, honey?' You know I love you sweetheart,' said the husband. I'd do the same for you!' So the genie and the woman went upstairs where they spent the rest of the afternoon enjoying each other. The genie was insatiable. After about three hours of non-stop sex, the genie rolled over and looked directly into her eyes and asked, How old are you and your husband?' 'Why, we're both 35,' she responded breathlessly. 'No Kidding,' he said. 'Thirty-five years old and you both still believe in genies?'

https://www.quora.com/What-is-the-most-sophisticated-piece-of-software-code-ever-written/answer/John-Byrd-2 Crazy and scary as hell

Pretty good point. Showing a bunch of posts from an investment forum is probably counterproductive to proving you are not a professional investor.

If all businesses sold at intrinsic value? The safest one. Buying at intrinsic value doesn't mean you will get a good return. The company still might go bankrupt and you get nothing.

Oh man, sorry to hear you're going thru this. My uncle is also going thru a messy divorce...not fun. I remember you saying back in 2012 (when I joined this website) how your plan is to have Sanjeev/Corner Market Capital manage your $$$s. I mean, that was your jam, right? Quit MSFT, take the cash you made there and make the easy leveraged BAC trades that we all were making, and then give it all to Sanjeev et. al. for the long haul. Not sure how much any of this will help, but good luck. Sadly, freedom truly ain't free :-[

Warren made a mistake and accidentally sent it to his neighbor :-[

50-150 bets @ 50K each 2.5M-7.5M capital Every company needs to have the potential to grow at 50%+ annualized for 10 years Only asset-light businesses with high gross margins and extremely low startup and customer-acquisition costs can be considered I think the insight here is that, there is a huge market out there and the business has the opportunity to gain a lot of customers easily, but so does everyone else. The trick is that the investor can buy stakes in ALL the major competitors to put in their angel-bucket, so eventually it will work out Valuation: For pre-revenue businesses: EV=𝑔/10∗𝑁𝑝 For post-revenue businesses: EV=𝑔/10∗𝑃 Variable definitions EV = enterprise value (needs to be adjusted for debt, senior securities, etc) 𝑔 = growth rate (e.g. for 50% growth, 𝑔=50) 𝑁 = number of uses per year 𝑝 = gross profit per use 𝑃 = total gross profit, if available Is this the modern version of net-net investing? Instead of buying a basket of net cash Crapco.'s, buy a basket of pre-revenue Dreamco.'s.

Just have the truck cameras record the incident and forward to local police.

I disagree. Trucks and trains do not travel over the same network.

I pay $75-100/month but I'd love solar panels. I get a ton of sun but would be able to blast the AC more, leave exterior lights on, not be captive to utility companies and complicit in whatever externalities they cause powering turbines with natural gas or whatnot, etc. etc. But I'm also a vain fool who is holding out for solar tiles because I don't want a bunch of panels on my roof, and I usually DIY these types of things so I need time to learn how to install and run it in my spare time. So I'm happy to wait a few years.

Some may find this interesting: A HISTORY & STUDY OF ELECTRIC VEHICLES AND THE OIL MARKET TODAY https://cdn2.hubspot.net/hubfs/4043042/Commentaries/2018.Q1%20Goehring%20&%20Rozencwajg%20Market%20Commentary.pdf

Oh come on, are you serious? How many instances should I cite where energy production or building companies have routinely failed to enforce safety procedures/equipment which have "immediate and visible benefits to human health and safety"? Is it so obvious? People are lazy, stupid, cheap...there are so many reasons for people not to do things which "make sense" for them.

Pretty much. Trucks will continue to handle excess demand, short-distance logistics, etc., but the bulk will still be transported by rail for reasons Cardboard mention.

Caveat: must like thinking and reading.

Fines absolutely should be proportional. Hell, if I'm Citgo, I'd do the exact same thing over and over! At this point, do they even have to stop? The fine may even be cheaper than proper treatment. In terms of lawsuit claims, harmed individuals should show damages. Not very different from an asbestos claim. I don't think I understand your point. As I understand it, the issue here is the judge did not even allowing these people to explore a causal link. The "legal shortcut" here is doing nobody any favors (except Citgo).

I completely agree. Does that mean it shouldn't be done? Or that therefore the victims are not owed any justice? Seems absurd. I did some more digging, here is the issue: The government has calculated that Citgo pulled in $1 billion over the decade it operated its refinery illegally. If U.S. District Court Judge John D. Rainey were to empanel a jury to consider such “pecuniary gain,” Citgo could theoretically pay up to $2 billion in penalties. Rainey has so far declined to establish a jury, ruling that it would prolong the sentencing process. (An irony that isn’t lost on some. “That’s too funny,” said Suzie Canales, an environmental justice activist in Corpus. “People have died waiting for the judge.”) Without a sentencing jury, the judge can levy a maximum fine of only $2 million—a paltry sum compared to the billion the company earned during its criminal activity. And that is exactly what happened: a sentencing jury was not established, the excuse being it would "take too long", and therefore Citgo pays a 0.2% cost-of-doing-business expense. 0.2%!!!