CorpRaider

Made a very brief visit recently. Seemed like a great city (and country). But I did grow up next to an older couple from Holland who used to keep me all the time as a kid, so I was likely biased.

I don't get that concern (about ETFs generally). I tried to buy the shit out of VIG when it was quote at (40%) or whatever during the flash crash. I would do the same if it happens again. I mean they can't they create and liquidate units to correct somewhat durable discounts to NAV. Mutual funds can blow up too if the underlying isn't liquid. See Third Avenue Interesting that Cambria was running this ETF. I didn't know that. Never liked this particular ETF. Especially the "great investors top holdings" portion.

I keep getting small(ish) and add on items in separate two day ups shipments from Amazon (I'm a prime member) and they are often double boxed. I then think, "this cannot be economically viable." I prefer to buy stuff from Costco online because I can take it back if I don't like/want it and the prices are usually better. Also amazon has some skeezy reseller who do stuff like list like K-cups (coffee) for $200+. Going into the warehouses is a nightmare, but I don't like shopping or concrete or crowds.

I still want a branch or two just in case if i have real money with you. I also want to be able to change curreny, get a safe deposit box and get stuff notarized.

Me too. Two guys I have worked with just moved out there. One is really freaking out about getting into the housing market too. Smells bubbly...but I guess it's a bargain if you're moving from San Fran or TriBeCa.

Apologies if this is discussed above, but just in case some of us are trying to figure out why the other bloke is so eager to sell, there are some (many?) who believe that the advent of fully autonomous EV's with their far fewer moving parts and far more complex electronics/computer systems and potential changes in ownership to an on-demand fleet of "mobility solutions" will wipe this sector from the face of the earth.

Guess he's mostly focused on treasuries, given the risk parity thing... https://www.bloomberg.com/news/articles/2017-07-07/dalio-calls-end-of-central-bank-era-time-to-head-to-party-exit

Didn't they also buy a "stick built" home builder in Colorado? Sort of intriguing to me, given some prior comments he's made about his belief that the housing market will perform this year. Bill Miller is really bullish on homebuilders too, if memory serves.

Is it big enough to assume it is Buffett? I haven't looked at STOR but there is some cheapish stuff (real cheap relatively speaking) in the area.

Enjoyed it.

Any thoughts on Canadian real estate and likelihood of impact in US. I just wonder if there's not some potential for contagion if and when their RE bubble pops.

Re: Dealerships I noticed a large (regional?) auto dealer chain advertising a mobility solution last week. Apparently, you pay ~$1000 to $1,500 and get to select various automobiles that are delivered to you. I didn't inquire further when I saw the price, but you know on second thought it might not be that steep if you are a person with a constant auto payment, if it includes insurance licensing, service and taxes. I thought it was interesting.

What part are you guys talking about? Where his wife moved to California and allegedly kept a tennis pro lover or the stuff about her wanting to marry the guy from high school and rekindling with him out there as well; or the stuff about Mr. B and kay graham? One thing I would note that sort of detracts from her authority in my mind is that I saw a youtube video of a speech she gave some years ago, likely in connection with promoting the book. Anyhow, she was asked about the Munger - Buffett relationship and she said they are merely social friends and had been that way a long time, there was no business partnership. It is clear to me that this is totally incorrect (at least how I would define it and intellectually) based on the the Q&A sessions at the annual meeting.

Mnuchin asked for it and then Gary Cohn knee capped him like five minutes later.

Enjoyed the episode. Thanks to both of you for taking the time. Have looked at TWNK a few times and have it on my wish list for a sell off.

We should replace most of the autos in city center with electrified multi passenger vehicles. I will file a patent and call it the "trolley" system. ;D

I mean, the man has skin in the game for sure. It is like 1/3 of his reported portfolio now (BTW he's a stud just for doing that). Why can't they just like self-tender for uh...a big slug. Isn't cash king, if you decide use it?

Wow that's a lot of GM.

Yeah, saw something about that on barron's. I think he said SHLD was going downhill faster than he thought so he dumped it.

Answer this and you probably are closer to modeling the long-term impact of brexit on the UK than most. I think Elon Musk has basically answered this in the past in connection with questions about why he wanted to come to America and start his businesses.

Some guy says "the jig is up for mutual funds": http://wealthtrack.com/totally-mutual-funds-says-inside-etfs-ceo-matt-hougan-says-exodus-exchange-traded-funds-accelerating/

I think Canadian real estate is a bubble. What should I do?

Yeah, starting like 100 basis points in the hole, when you're talking about an asset class that does maybe 10% nominal is a huge disadvantage. Even if you add in 200 or 400 basis point a factor exposure, paying an additional .25% is kind of huge relative to that expected additional return and its not like there's a high water mark or anything if the factor no longer works or goes through a 20 year cycle...

Yeah, noticed a chart in (I think) a related WSJ blog post that the actives got near 50% around the crisis. Costs are the key.

BTW the royalties on these ETFs would blow your minds. I can see why Pabrai wants a piece. Yeah, no doubt. I've got a little position in WETF because of that. Also, looking at IVZ and SPGI, but IVZ doesn't own the IP for most of their indexes, but I think powershares will do really well over time.