CorpRaider

SAVE

Yeah I'm not sure either. Would need some additional science. I'm just sort of in the "messing with my wife by mentioning it" stage. You probably didn't miss much other than being a detail monkey. I would rather do your thing but my (4%) CAGR ain't cutting it.

I've been toying a little with idea of going to medical school in my 40s (probably would be late by the time I got around to it) for a second career. Maybe be a pediatrician. I went to school with a guy who was a retired plastic surgeon, had to be at least in his 50s. I could do a reverse that guy and get maybe 30 or 40 years of a career if I like it (would of course try to maintain personal balance sheet in a position where I could have some hand in dictating work terms; unlike many docs).

It's a tough call. Math changes a little, I think, if you factor in lost raises/benefits accrued. Really hard work staying home with them. I kept our ~3 month old solo for a month after mom went back to work and before the daycare slot was ready; was totally wreck'd.

It's brutal. Thanks to all the parentals for our efforts to perpetuate the species.

I like that methodology @thepupil. Playing around with what I might consider wealthy (versus rich); maybe top 10% or 20% of income...

That's right, most other places (who didn't do nearly the bullwhip stimmy resulting in uber tight labor markets) have already nearly reverted. Investors there know this.

Source? I just made it up. I'm sure Westlaw can use it to get some better C+/B- templates.

We should probably just be buying more Comcast. They're going to sell Hulu and the market is going to be like "oh dang they are good as heck at bidness."

Yeah ok, hard to argue for the SLG prefs over the VNO ones; higher yields and better credit both cumulative. Which series do you like? I didn't read prospectuses yet. Reminder to self you generally don't like prefs because, historically, the right tail is what drives nearly all equity returns.

The old man has lost is and I do no fk with Canadians.

Berk

RIP Sam

Interesting. I will have to check them out. Of course I looked at KW and liked it back several years ago when they were hot. Human psychology is weird.

Flattered you would ask. I will have to look at the VNO preferred. Obviously, VNO presents a superior credit risk at this time. I was going to buy VNO common to maintain my exposure, but Roth didn't help me get there on that last call (singing from the denial playbook and cutting himself off mid-rant and then calling out that he wasn't in the office lol). It sounds like I went through part of the same analysis as you did; plenty of upside if they're money good and less risk (of course then they're up 1% today versus 7% in the common). I also transitioned my exposure to a tax advantaged account. CEO and CFO were buying the SLG preferreds at around the price I got earlier in the year.

SLG-i; just putting back similar exposure from prior "tax loss harvesting."

I had a good time reading through the old Walk-all-ova-yah prospectus this weekend. Thank you.

It is going to be sad. I expect to spend a lot of time with the CNBC archives. Although I'm one of the ones who prefers the slides and lecture to the taking of more random questions from podcasters and kids, I thought Buffett was a lot better this year than last.

Thank you. I'll check it out. I don't know anything about signature. It seems to me like it would be just as easy to stall/slow with an online only presence; just give the "sorry timed out high demand" page like Fidelity does 3 or 4 times a quarter. Social media does seem to increase virality of narratives and panics. I have never liked big business/investment banking and HNW deposit bases.

Can I just say that I don't follow this "two clicks to a bank run = new world" stuff? Even from the big guy. Bank of Internet USA was founded in the year 2000.

Ted is replay. Todd is new. Todd is the GEICO CEO. He sent me a personal letter and refunded some of my premiums during covid. I think we are bros.

Hmm ok, I think I follow you. Maybe that is an overlooked complicating factor (monetary policy impacts "~with long and variable lag.") I thought maybe they should favor QT over hikes at least until they removed prior QE; especially once the curve got flat.

Yeah that stimulative theory doesn't make sense to me. Even if every dollar in increased interest is just transferring from one pocket in the economy to another, those who earn interest are almost certainly going to have lower marginal utility for dollars and propensity to spend. Not to mention credit grinding to a halt and a much higher opportunity cost for everything.

I was looking at CBRE and JLL. Could be interesting but I think I need someone to look out for the interests of capital/equity.

Bought some more Comcast. Fine with the cable business and all these Nintendo bullish thoughts got me excited about the flywheel that Brian Roberts has built to generate value from I.P.