wachtwoord
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Everything posted by wachtwoord
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I think it's somewhat impressive a kid that age knows who they are. Buffett looks like he's digesting a satisfying meal right there ................... or he's regretting that last meal. 8) They only cared about Paul McCartney ....
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Yes, but unfortunately for us alive today, cultural evolution can move pretty slowly. Look how long it is taking religion to die. I think religion will be dead and buried once and for all long before the state even starts to decline. I think it's the other way around. Chance of religion dying within 100 years is 0 while the demise of the nation state model might start within the 100 years.
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Ok, this argument isn't even in the realm of making sense. The form of your argument is, "to survive, you must eat. Therefore, eating anything (cyanide, stop signs, airplanes, babies) is generally a good idea". The thing that amuses me the most is that you're one of the more right-wing people on the board, but this really sounds like an argument the pigs would make in "Animal Farm". I also disagree with the premise that there's no way to get what you want without hard work. It sounds like a very bleak life. I think maybe you want very different things that me. I think we are completely talking past one another here, so I'll end it. I do want to clear up one thing though since you accused me of being something I detest. I am not even close to being a right winger at all, never mind the one of the "more right-wing people on the board". I don't believe in borders, I'm not religious, I'm not racists, nor homophobic. I think all drugs should be legal and sold over the counter, and I agree with Rosie O'Donnel when she said soldiers are murderers and terrorists. I'd love to see G.W. Bush and Obama convicted as mass murderers. There aren't many things I would find insulting, but being called a right winger is one of them. I agree with all those things above and I would still prefer to be called a right winger over a left winger every day of the week and twice on Sunday. Also make sure you realize left and right (besides being one-dimensional and therefore highly inadequate to quality the complicated political landscape) is highly context specific. What is left in one place is right in the other. Finally I'll confess to being a Libertarian. Everyone in my country would call that extreme right. ;) I don't particularly like "left wing" either, but I guess I prefer it to right wing. I like libertarian, but I find most libertarians are still statists, so that doesn't quite fit me either. Maybe "extreme libertarian", Anarcho-capitalist, or just anti-state. I find that libertarians are only labeled right-wing by leftists, but are usually labeled left-wing by conservatives. True Libertarians are waiting for the end of the archaic concept of a nation state ;)
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Germany is the vast favorite.
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Ok, this argument isn't even in the realm of making sense. The form of your argument is, "to survive, you must eat. Therefore, eating anything (cyanide, stop signs, airplanes, babies) is generally a good idea". The thing that amuses me the most is that you're one of the more right-wing people on the board, but this really sounds like an argument the pigs would make in "Animal Farm". I also disagree with the premise that there's no way to get what you want without hard work. It sounds like a very bleak life. I think maybe you want very different things that me. I think we are completely talking past one another here, so I'll end it. I do want to clear up one thing though since you accused me of being something I detest. I am not even close to being a right winger at all, never mind the one of the "more right-wing people on the board". I don't believe in borders, I'm not religious, I'm not racists, nor homophobic. I think all drugs should be legal and sold over the counter, and I agree with Rosie O'Donnel when she said soldiers are murderers and terrorists. I'd love to see G.W. Bush and Obama convicted as mass murderers. There aren't many things I would find insulting, but being called a right winger is one of them. I agree with all those things above and I would still prefer to be called a right winger over a left winger every day of the week and twice on Sunday. Also make sure you realize left and right (besides being one-dimensional and therefore highly inadequate to quality the complicated political landscape) is highly context specific. What is left in one place is right in the other. Finally I'll confess to being a Libertarian. Everyone in my country would call that extreme right. ;)
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Outliers of the efficient market theory
wachtwoord replied to yadayada's topic in General Discussion
http://static2.businessinsider.com/image/53c0457669bedd481078d753-758-570/javier-romero-2.png Such a shame Nokia already hired a new CEO :( -
Outliers of the efficient market theory
wachtwoord replied to yadayada's topic in General Discussion
Isn't this what the damn SEC is for? I hate out non-free market but stopping things like this should be one of the benefits (which i don't think outweigh the disadvantages). If the SEC can't even do something about this, why don't disband them altogether and save a ton of money? -
Outliers of the efficient market theory
wachtwoord replied to yadayada's topic in General Discussion
For educational purposes: anyone shorting this? Care to elaborate? -
Outliers of the efficient market theory
wachtwoord replied to yadayada's topic in General Discussion
;) And that's why shorting is dangerous. There must be money to pick up for people who know what they're doing here (in shorting that is) but I'll pass. -
I meant the result. I would never make a bet like that. If you know the result, any bet is a good bet.
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I'd say it's a pretty lousy one. No way those odds are good enough to warrant that bet. Volatility will sometimes be in your favour though :)
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7-1 is the biggest score in the tournament (behind the 5-1 win of the Netherlands against Spain) and the Germans weren't even trying after the first 30 minutes.
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I bought HLS today (replacing the last of my JNJ which is really expensive now). I really liked the VIC write up http://www.valueinvestorsclub.com/value2/Idea/ViewIdea/118714
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I wouldn't recommend buying from a source that infringes on Andrew Kilpatrick's copyright (as I'm pretty sure this is), as he obviously put a lot of work into compiling this book over the years. He also reads this forum, afaik. Yeah, I initially though ti t was a hard copy (and selling second hand books is legal).
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The Chinese are selling the hard copy of the 2007 version for $7.18 http://www.aliexpress.com/store/product/Of-Permanent-Value-The-Story-of-Warren-Buffett-2007-InternFree-shipping-ebook-pdf/1178231_1795397087.html (I ordered stuff from aliexpress before and never had problems except that it takes a while to get there). EDIT: Sorry, I misread. Apparently it's epub/mobi/pdf
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Thank you so much! I thought this was a closed community. I immediately made an account. Looks like I have my weekend filled up ;) Oh and OP: I assume you read "The intelligent investor"? It's one of the best books I ever read. I probably should read it again soon, it's been a few years :)
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Outliers of the efficient market theory
wachtwoord replied to yadayada's topic in General Discussion
I never shorted anything I generally think it's a bad idea. Having said this: I so want to short this :P -
It's Latin. Basically, it can be interpreted as meaning 'with regards to/concerning'. (Seems like you can't spend 3 years studying a dead language without picking up at least one minor scrap of useful information.) Ah thanks, I took Latin for two years in high school but never picked that up. Sorry for derailing the thread but I was really curious :)
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Thanks, but what is "re" did he mean "in"? I couldn't really decipher the meaning.
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What does "Ted, no ideas re Twin Cities, but good luck!" mean? re Twin Cities? ???
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All contact I have had with either general doctors or physiotherapists (sport injury) I always noticed how much they seem to enjoy explaining things to me. I always thought it was general intelligence and my logical stance (it's more fun explaining something to someone who seems to understand), but with my low sample size it could all just have been coincidence. Nice to see it confirmed here :)
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Wow that was great timing. Selling my AZN in January was worse though ::)
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The remainder of my Intel position
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Do you think Bitcoin is a safe store of value?
wachtwoord replied to mikazo's topic in General Discussion
However, I am not going to get a 5% discount on products if I use bitcoin. In some states, it is illegal to have a different pricing for credit card transactions. So, if I have to pay an extra 4-6% anyway, why not get cash back and purchase protection ? Again, what's the consumers' incentive here to switch to bitcoin ? so why not blame the excessive regulations that don't allow for adaptive pricing based on payment method (ie "it is illegal to have a different pricing for cc transactions"). Doesn't it seem insane to anyone else that we have a lower cost way of transacting and yet we are basically penalized for using that low cost method? The issues are with the regulations...not bitcoin itself. That's like blaming toyota for detroit's inability to make a cheap reliable car. I'd personally rather have the option. Get a 5% cheaper product when i'm sure i don't need the protection...and use a (bitcoin backed) insured card that charges me 5% more for the option of protection, etc. Seems to me more options would be a good thing. And I'll tell you this much: the 5% extra option won't be popular ;) -
Do you think Bitcoin is a safe store of value?
wachtwoord replied to mikazo's topic in General Discussion
However, I am not going to get a 5% discount on products if I use bitcoin. In some states, it is illegal to have a different pricing for credit card transactions. So, if I have to pay an extra 4-6% anyway, why not get cash back and purchase protection ? Again, what's the consumers' incentive here to switch to bitcoin ? Long term? Credit card companies will lose the majority of their moat. Intermediate term? margins of credit card companies will erode, either because paying with the credit card will be more expensive or if the government misbehaves and disallows a difference in pricing between credit cards and other payment options the credit cards will slowly be dropped. Short term? Probably not much but people will probably start cancelling their credit cards and save the yearly fee. The only reason I have a credit card is because I have it for free and outside of the USA a lot less people have a percentage.