blainehodder

80% $TQQQ, 20% $TMF and no really ugly bear markets. Could do 20%-25% CAGR.

"We" think the use of collective pronouns to describe a single persons thoughts on a topic to add some sort of air of superiority actually hurts "our" investment thesis. Perhaps "they" are just out to get "us" and "our" genius ideas, and that is why "our" stock picks aren't going up.

I kind of thought buybacks were driving it up at the close from 700-770. Here it seems like a reversion where one or two big players are using that price bump to get out. Or someone knows something. Or it is random stochastic movement. Who knows? Narratives are fun but not useful. I added at 700 today.

Wading into garbage at a "cheap" valuation is not a strategy a fairly heavily concentrated investor should pursue yet we see it time and again. If you are going to buy the bottom of the barrel, you need to diversify, as you never know which ones will rocket and which will fade away. An at least moderately diversified approach to capturing market anomalies is much more likely to do well over time.

Church and Dwight. Won't happen at today's price though.

It would probably be a good idea for you to post compensation ranges for the position.

TSLA puts. Yup Im crazy.

His argument on taxes is that a) the players should and will play the game as best they can, and b) the rules need to be improved. Nothing inconsistent about it. He isn't going to forgo personal tax savings because he wants rich people to pay more in taxes. That won't make a difference. He wants the rules changed so all rich pay more in taxes. Don't hate the player, hate the game

Ben Bridge Jeweler, Borsheims, Kraft-Heinz, Fruit of the Loom.

Whats the book about Nate? I enjoy your writing and could be a future customer.

Personally I don't believe it makes sense to wipe the common. Wiping common tells prospective capital providers (that will be needed) that they can and will be pillaged by the gov at will with no repercussions. And what does that achieve vs giving the existing holders 20% crumbs? I think the risk/return on the common is much more attractive. That also completely ignores the rule of law.

https://twitter.com/JaredALevine/status/851912080420732929 They are getting 11k...after another delay?

To buy time. It is an easy band-aid solution that pushes the need to address the whole debacle until after tax reform bills.

Doing so would have cost political capital. There was really no reason to suspend the payment before tax reform determines an immediate issue, and of priority right now is the budget and debt ceiling. To have come out of left field and forced conversation on housing reform now would have been counter-productive I think. Besides, Corker has accomplished just as much with his apparent desperation. The market seems bored but this has been a good morning, imo. There is of course the option to change to an annual div instead of quarterly. Gives the appearance of non suspension while building some cushion and buying time.

Interesting take by @jesse_livermore here: http://www.philosophicaleconomics.com/2015/05/profit-margins-in-a-winner-take-all-economy/ http://www.philosophicaleconomics.com/2015/01/explosion/