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thecynic

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Posts posted by thecynic

    What are you buying today?

    in General Discussion

    Posted

    Altius Minerals, ALS.TO. Made it a 5% position.

     

    SP dropping because of fears of china slowdown & if mines would get built. Good management track record & in the long run, civilization will require metals. Low cost producer but may not be lowest (brazil/nw australia).

     

    Plan to add every 10% drop upto a max of 10%. Will only sell if I see management make promises and then doesn't keep them.

    What stocks will make their owners rich over the next generation?

    in General Discussion

    Posted

    However, I would not be ready to challenge North-America's top 1000 engineers against China's top 1000 engineers. Technically our ass would get kicked, they have studied harder, longer and better than us. They would work harder and longer thant us as well.

     

    I think you are underestimating the impact of immigration, the top 1000 engineers in the US are probably the top most engineers born in the US, China, India, Iran, etc.

    Question about the site on Mobile devices

    in General Discussion

    Posted

    Sorry for what is probably a dumb question

    What is the quickest way to go to the last page of a thread on the mobile version of the forums?

    I don't think there is a easy way to go to the last page. Clicking on the encircled arrow link only takes you back to last viewed page +1 (or the last page if there is no next page). To skip intervening pages I just click the dropdown next to "Goto page" at the bottom & then choose the last page number. For some threads which have a lot of pages, the scrolling can get excessive.

     

    Overall, the mobile format is pretty cool, I think I like it better than the desktop version.

    Crazy math result

    in General Discussion

    Posted

    I think with a little online checking you will find there's an error in the math.  :)

    Before I saw the video I thought the proof was going to be a complete leaky one involving cancelling infinities on both sides of the equation. But I did some online checking and found but the result is still good and accepted by many of the physicists/mathematicians: http://math.stackexchange.com/questions/633285/is-the-sum-of-all-natural-numbers-frac112

     

    Apparently, the result is ok because it can be used explain observed physical phenomenon.

    Crazy math result

    in General Discussion

    Posted

     

    I didn't have the patience to sit through the video but what if I can prove that the result is infinity, then who is right?

     

    Anyway, my point here is actually that now I have that much more respect for Jeff Gundlach; I read that he dropped out of his mathematics PhD program because he wanted to prove infinity doesn't exist. OMG could he be right?

    According to wikipedia the self taught number theory genius Ramanujam  http://en.wikipedia.org/wiki/1_%2B_2_%2B_3_%2B_4_%2B_%E2%8B%AF also thought the sum was -1/12. I'm thinking that one can prove the sum is infinity or -1/12 depending on different assumptions. I am not a mathematician but I do not trust the analytic continuation step which is key to the result in the video.

     

    If there is no infinity how would that change our understanding of the world? I guess that'd make for a good dissertation.

    Crazy math result

    in General Discussion

    Posted

    That's not theoretical physics anymore, but actually phenomena that have been measured and proven.

    You are right. Perhaps the universe is so strange that strange results are needed to make sense of it. Maybe we'll have some theories in future which don't have to rely on positive numbers adding up to a negative number.

    Crazy math result

    in General Discussion

    Posted

    This link proving that sum of natural numbers i.e. 1 + 2 + 3 + .. = -1/12 was posted to my twitter feed. I figured many here would find it interesting as well:

     

     

    Apparently the result is used a lot in modern physics. This definitely undermines my faith in theoretical physicists.

    For love OR money?

    in General Discussion

    Posted

    She has a small amount of success and gets some appointments and a few retainers.  The problem is that she is not really getting enough work.  She gets MAYBE 2 days of paid work per week.  Without any partner/associate, she has to do all the research herself and has a steep learning curve.  She frequently works 3-4 hours for every 1 that she gets paid.  The end result is that she is making about $25k a year!

    Unless someone has worked 15-16 hours a day, 6-7 days a week, with the sole objective of improving his/her lot, I just don't think they have tried hard enough. If I were in her position, I'd find additional jobs to do, work hard and always keep an eye out for advancement.

     

    Would the debt and earning ability of your girlfriend/boyfriend/fiancee play a role in deciding to have a relationship with them?

    I think personal qualities are much more important than money. Money is just a side effect of some of those qualities. So definitely someone's current debt status would not stop me from having a relationship with them.

    What is your biggest investment mistakes?

    in General Discussion

    Posted

    I started investing in 2007 & have learnt quite a few lessons since then :)

     

    GRMN: I bought Garmin at 60 and sold at 35. My mistake here was thinking Garmin, the company, was as good as their GPS without taking in consideration their technological moat(effect of smartphone GPS).

     

    UNH: I bought UNH when Obamacare was about to be passed and the health insurers were down a lot. UNH was at 22 or so when I bough. But I sold at 35. My mistake was selling too early.

     

    BAC & BAC-WT: I bought BAC around 8 and sold at 12. I actually believe in the franchise but sold too early to protect the profit.

     

    AIG  & AIG-WT: Again I bought AIG at around 24 and sold at 40. Like BAC I actually believe in the franchise & like the CEO but sold too early.

     

    I think my latest mistake is trying to time the market, I am at 65% cash right now.

    Indian Rupee

    in General Discussion

    Posted

    The carnage continues and seems to be intensifying:

     

    I suspect incredible values will be uncovered in India over the next few quarters.

     

    Its not only the Indian Rupee, take a look at the Rand, Turkish Lira,  Brazilian Real and JPY(!). All of them have fallen between 15 -25%.  I am watching INDY(India Nifty 50 ETF), INCO(India Consumer ETF) and Bidvest.

    Is Morningstar Worth Subscription?

    in General Discussion

    Posted

    Instead of having to debate Morningstar's value proposition, you could just get the whole package completely free through any major public library. It's a wonder why anyone pays for Morningstar.

     

    Most of the city library cards even allow access from home. The only drawback is you cannot create personalized portfolios and save them on the website.

    13F Filings

    in General Discussion

    Posted

    You can use a combination of

     

    filingsanalysis.com

    dataroma.com

    whalewisdom.com

     

    dataroma also has an rss feed, so whenever one of the guru's files, its available on the reader. I find rss feeds more convenient to use for keeping track of updates instead of websites. Websites are better for getting view of full portfolio.

     

    In addition to the above sites, I also like insidermonkey, because they have a wide selection of investors. I use it to see who holds interesting gold miners, etc.

    13F Filings

    in General Discussion

    Posted

    Can you share an RSS feed?

     

    And if yes, would you share yours?

     

    Here's my sec.gov rss feeds exported to an opml file via google reader. Other readers should be able to import it.

     

    The feed tracks 13G/D filings and 13F for a few funds.

    sec_gov.opml

    13F Filings

    in General Discussion

    Posted

    Thanks for those names, I'll add them to my sec filings RSS feed.

     

    Some other funds I track, which are mainly activists are:

    Starboard Value,

    Bulldog Investors,

    Baker Street Capital,

    Raging Capital,

    Masters Capital (25% for 15+ years),

    Martin Capital Management,

    Arlington Value Capital

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