CorpRaider

Sup with that Qorvo position? Man he always has some different stuff.

Great, hope you enjoy them! I would say Patrick O-shag-hennesy is the best interviewer and Ritholtz gets the best guests. I also like the FT Alphachat podcast sometimes and a new one called Animal Spirits with two RIA bloggers. They are younger guys so you might enjoy them if you are also younger. If you want another one that goes more into the weeds on ad-hoc stock selection, you might check out the Value Investing Podcast by the manual of ideas guys. I don't listen to this one as much anymore because they started going longer between new episodes and the interviews are old. The Intelligent Investing Podcast has some good episodes too for that purpose and is produced/hosted by one of the posters on this site.

Yeah, I could see that. I only listen to select episodes now. He needs to let Stig talk more. Stig doesn't take up a bunch of time with good guests asking them about ray dalio's latest tweet about gold.

Definitely not a genius. He's a good talker (as you might expect in a podcast host). He likes to talk about macro/bearish always wrong/unknowable stuff. But he's pretty entertaining and I like the podcast. I would, however, probably place it behind Invest like the best, Ritholz's MIB, Meb Faber's cast, and Behind the markets with J. Schwartz (now that he's got Wes Gray co-hosting a bunch and bringing in some academics); and maybe one or two more.

I would buy some converts at a decent yield, if they get into trouble though. Wouldn't you? They probably would be able to raise many more billions from fans/equity investors first though.

They had a live video feed from the roadster for a while...It was amazing.

I've seen reports that TD, Schwab, Fido, Vanguard also had outages yesterday (I was personally impacted by TD and Fido; wasn't trying to trade just looking for quotes and apps were fkd). I read etrade was running fine.

Thanks man! Yeah, me too. I read a moody's or S&P credit write-up and they didn't seem to think the upper limit would impact the credit ratings. Bought a little GPT at a ~10x P/FFO. I like mgmt. and the industrial portfolio seems pretty, pretty, pretty nice.

Rogue Trader is aiight.

Hey Lance, Did you take a look at the potential damages in the VER shareholder class action suit (you're an ESQ too right)? I didn't, but I'm a lazy sumbitch and do not work with class action suits.

Yeah, I'm following it. Seems kind of cheap, so I've been trying to figure out why. I guess on their last call they said their leverage is a little higher than they want (like almost 1 turn of EBITDA) and they are planning to reduce by selling more Chambers Street properties, right? But there was some mention of "raising capital." I guess maybe people don't like having to continue the "transition" from chambers street/office exposure in a deteriorating environment (they are still like 45% exposed to office, I think, and it ain't trophy stuff in manhattan). Also seems like they keep issuing stock either when it pops up or via upreit acquisitions, but I guess most REITs do that. Hate to get diluted as part of the ongoing business model. That's probably why I'm only long EQC and VER (though VER did dump some stock on us as soon as the equity got to nicely valued). I am charmed by management and they seem to be starting to think about being defensive; for example, talking about how it is late cycle and there is a lot of supply coming to market in last q call.

Interesting. I've been looking around but kind of think most of the impacts are due to retail exposure. But I guess VNQ is now yielding 4.5% and like SLG green is trading a like a 15 P/FFO, so I see your point on a 4.5% cap rate. Maybe you are seeing a lag in pricing adjustments. I own some VER too, but the retail exposure, ton o' red lobsters, history of fraud (granted former management), and looming litigation are going to scare off most. Even like the WAG and CVS exposures would scare some people with Badmazon thought to be coming.

You seem to have failed to include the eventual winner (and a metro which already made the cut) Ralaaah. I've seen multiple projections that NC is going to top 5 states in U.S. population and Amazon can get on the train. Also, DC blows.

Best thing I've read since 1994.

Bought some IVAL recently.

WEED.

Yeah, I sold down my warrants over the course of the year selling the biggest slug, which was like 50% of my discretionary account,before this year end run up. I planned to transition from the warrants to the common and let it ride but it took off without me and I probably missed another 50% in gains. W/R/T the Crypto millionaire: I remember back in the 90s I bought some Aspect Development, which was like B2B inventory management software. I can't remember the specialized BS acronym Silicon Valley placed on this niche back then. I caught like a 500% move and then it was acquired by I2 technologies which was a big "B2B" bubble stock. I think I ended up with a 50 bagger or so. I was in college so it was a small initial investment that grew to maybe enough to buy a house (not a beach house). Rolled all that profit into...Lucent Technologies (after a 50% drawdown, but before the remaining 99%). Sort of wish I bought the house; or rolled it into CCL or even Wachovia, which I had requested and received as gifts on my 8th and 10th (I think) birthdays respectively. Or maybe been smart enough to buy some BRK after the first (or even the third) Buffett book that I read. These public companies slapping bitcoin or blockchain in their name and getting bumps really reminds me of the .com and B2B B2C bullshit from that time. Blockchain also kind of reminds me of TCP/IP and related technological advances that ended up reaping bupkiss economically. Netscape and AOL were great for a while.

Would you say Etheruem is more like a raw input for other crypto assets/smart contract/transaction protocols or a productive asset (akin to raw land that the developers of other protocols buy and build their structures upon); or neither? I would never be interested in "digital gold" as I have never been interested in real gold. If I was interested in either, I would need to be able to trade it to the hillbillies down the road for alpo and shotgun shells if small hands and rocket man decide to touch their buttons. So I thinking I would prefer real gold. But in reality I'm hoping I could forgive some treasury debt in exchange for M-16s or Kevlar pants or something.

Happy New Year! 2018 will be hard pressed to beat 2017!

Thank you for another reminder that I should probably switch to indexing. :) Yeah, probably good to keep our bull market genius in perspective.

Some ETF/hurdle rates: YTD through 12/29 QVAL: 25.60% IUSV: 15.09% RPV: 17.29% VBR: 11.80% RFV: 14.73% FNDB: 16.93% VIG: 22.22% VTI: 21.21% IVAL: 31.02% FNDF: 23.95% IEFA: 26.59% VWO: 31.48% IEMG: 37.40% VXUS: 27.45% VIGI: 27.96%

Belated Happy Saturnalia!

It is really good. Finally read it a few weeks ago. The character sketches are neat/entertaining.

Yeah, briefly.

All the Greenblatt books. Intelligent investor (2 chapters only; you know which ones). Damn Right. Snowball (I shit you not). Thinking Fast N Slow. The Ascent of Money. Berkshire Annual Reports, Where are the Customer's Yachts...