fareastwarriors

Got my first Pfizer shot at cvs. The wait today was bad. Over 45m Need to get my donut All I got this

Do it for the freebies! lol https://www.cnbc.com/2021/03/23/here-are-a-few-of-the-freebies-for-getting-the-covid-vaccine-.html

Let me join the party. A bit of BABA

APTS and BRK.B .

I snagged an appointment for a Pfizer shot later today at cvs

Why get inoculated for polio or hepatitis? Because the cost/benefit ratio is extraordinary. This can get ugly fast so let's not make quick judgement. Hopefully he makes an informed decision and that's it. It still his decision.

Yes, the appointment systems here in California is shit too. Zero luck with the state run site... Walgreens and Albertsons rarely ever have available appointments. CVS does a good job and I been snagging a bunch of appointments for my relatives.

F*cking hilarious. The reversal of the ticket in the reverse card, and shaking the 8-ball 4 times to get the answer he wanted, is amazing! I know he's having fun with this, but I also have to wonder if this is what he did with GME Lol. Maybe I should replace my screener.co subscription with my kids banagrams. Many money managers are not beating their indices anyways. Random walk down wall street!

Goldman Sachs Seeks Volunteers for Move to West Palm Beach Digs A couple hundred people might go, and more could follow later Top executive Stephanie Cohen plans a second office in Dallas https://www.bloomberg.com/news/articles/2021-03-18/goldman-sachs-drafts-volunteers-for-move-to-west-palm-beach-digs

Yup. But as employee, they were a very solid employer with high pay, great benefits, and a pretty good culture. The only reason I left was so I can focus on real estate. Now I don't have to pre-clear and wait for compliance to approve my trades. :) Buy, buy, buy! TBF, our funds average expense ratio of 0.40-0.60% were good deals in the active mutual fund community. The funds turnover were low at about 20-30%. If you're an institution or pension and you want decent returns and not high beta, our funds would be solid choices. I CANNOT stand all those companies/people peddling sucky 1%+ expense funds with all kinds of sale charges. It's criminal how much people pay for shit performance.

I worked at an active mutual fund company and most of our funds underperformed their indices for 10-15 years... Yet we worked in a nice downtown office and everyone earned fat paychecks. All those those fancy MBA's and PhD's from Harvard, UPenn, and Stanford and CFA designations didn't help...We preached all the value principles and emphasized long term time horizon but at the end of the day, we didn't perform. SMH

Bought some CURI as well. LC can I ask whether you truly believe the ancillary businesses add value for the next 2-3 years, I was seeing it as a pure "Non-Fiction Netflix"/content creator, as far as I can tell they havent actually signed anyone up for the "sponsorship" business yet. Also picked up some Reliance and Infosys (ADRs). Surprised that all the EM "hype" hasnt led to stronger demand in Indian bluechips, but expecting it to come at some point. And market is significantly undervaluing the Jio platform and the ability of Mukesh Ambani to extract every once of value out of the Indian consumer base. What ticker are you buying for Reliance Industries ADR?

More money than sense?

Homebuyers Are Heading to Florida During Covid, But Nearly As Many Are Moving Out Thanks to hurricanes, heat and red-hot home prices, the state’s population growth hit its lowest rate since 2014 during the pandemic https://www.wsj.com/articles/people-moving-to-florida-during-covid-11615463911?mod=hp_featst_pos3

Whoa TSLA.... I added some INDT on Friyay.

I helped bring a bunch of my relatives (5 thus far) to get their first shots this week at CVS. Different stores had slightly different procedures... I got my first shot through a government run drive-through site. 4 more later this week and next with other relatives. Everyone is doing well!

AVAN at 10 Braggart ;) Hahaha! I forgot I had a limit order outstanding. :)

More INDT at high 50s

AVAN at 10

More INDT

a bit more INDT

Bunch of over 65 relatives have shots scheduled over next week or so at CVS. CVS had the most availability. Even I am eligible (30s but food-related worker) now, but I have to find an appointment at government site first. My insurance Kaiser and CVS are still taking only 65+ and healthcare workers.

INDT, the volume is still so small.

What would be so bad about that? I rather Central Bank's focus on the real economy and less on boosting financial assets. If main street is doing well with higher wages, better quality of life, and less inequity while stock markets are going down, I'm perfectly okay with that. But we don't really see that anymore. We can't withstand prolonged pain in the financial markets anymore. After some signs of distress, CB's come in with their massive rate cuts and QE infinity.

I am currently reading the book Studies in Hyperinflation and Stabilization http://www.centerforfinancialstability.org/hyperinflation.php which is a collection of oldish papers examining different hyperinflations which have happened through time. The first lesson they state (page xxii) is that "We, like others, have identified the cause of hyperinflation as the substitution of [money creation] for the tax financing of government expenditures" (i.e. when instead of raising taxes to finance government spending the central bank just prints). Now not wanting to dive into politics too much, but I think its safe to say in the US/Canada at this point there is very little appetite for the type of tax increases that would be necessary to fund the type of deficits of the past year, and are expected for the coming years. As well, the politically easy type of taxes that may be implemented (i.e. wealth taxes, tax on high income earners) will not end up generating that much revenue. With this in mind it is very easy to imagine a high inflation scenario (maybe not hyperinflation, but higher than most of us would have experienced in our lifetimes) over the next decade or so, the government keeps printing because it is the easy thing to do. Seems like to me, there is major room for improvement to collect What is currently Owed without even changing rates or adding more taxes: In fiscal year 2020, the government’s net outlays for interest totaled $345 billion, equal to 1.6 percent of gross domestic product (GDP) and accounting for 5.3 percent of total spending. https://www.cbo.gov/publication/56910#_idTextAnchor001