value-is-what-you-get

Seems that chart is a perfect reflection of the US money supply graph in the line y=x . It follows that bitcoin value in US dollars must increase. Logically that is. As far as faith in currency, that s another matter.

It s a dumb approach. Costco basically charges a just looking fee because you cant get in unless you pay it. It s just charged annually instead.

Would you be protected by some sort of rent control in your market should inflation kick in? That would be my concern in your scenario. Walking everywhere sounds nice. I despise driving to get small stuff and no drinks at dinner when driving home. Go for the lifestyle man!

Indeed!

Oh those figures exclude the epic month . . . that explains the sub-par performance! ;D

BAC is the second worst performing stock on the Dow since the last peak in 2007. Down 78+%. That s why I'm ignoring the macro on that position.

Jim Cramer in that first part of the first clip is the EXACT opposite of WEB! Funny!

Congratulations Sanjeev and thanks to all the contributors from whom I've learned a lot - at no cost at all. As our esteemed host is both humble and gracious, and I am not, I would like to challenge anyone who has ever made any money from this forum to contribute $11 as a token thanks for 11 years of outstanding ideas and discourse. Just click on the Donations button, spray a little WD40 on those rusty wallet hinges and fork over $11 bucks. It will all go to a good cause!

Edit: You re right, he s not saying it s luck. What he is quantifying has price at it s heart and therefore does not resonate at all for me.

Here s another formula. Value of company is x. When price =.5x, buy. When price = x, sell. Taleb says it s all luck. I say he s full of sh* t . . . and formulae.

I have used it for coat-tailing. If I like a company at a certain price and the price is below what a Guru (or two or three!) has purchased on average, then it serves to validate the idea (I know I know - cheery consensus!) and more particularly that I'm buying at a discount to the Guru's calculated Margin of Safety. Either it's a good idea at a great price or we are all wrong. As far as tight time windows go . . . well there's no telling how long it takes to reach fair value.

Have been following this story since swizzled first brought it to our attention, and made some money from it just after spinoff of Petrominerales. I haven't dug enough to know but I suspect that the properties (Asset number) held by PBG as oil producers may be conditional on THAI being used - no THAI, no oil. So if they have a bunch of property in Alberta that will produce oil using THAI and Alberta is making it impossible for them to use THAI then those properties are worth NIL. That might explain the crazy price/book. Sheer speculation on my part.

The problem is that Sears can't be valued purely on it's hidden real estate values because it is a machine that lost about $800 million last year. If the real estate assets were held in a separate publicly traded company that just collected rent from their tenants then yes it maybe should be valued the same as a company that does that only. Should two identical apartment buildings across the street from each other be valued the same for investment purposes if one is rented out to tenants for the last 10 years with modestly increasing rents, low turnover and able and effective superintendant and the other one loses money every year due to insufficient rent or problem tenant or damages or turnover or poorly run by the superintendant? As an investor buying income, the former commands a premium.

Technical analysis is price-based and is an attempt to predict future prices based on the pattern of past prices. It is a guess. If you have an idea of what the company is worth, and you see the market pricing it at a discount with margin of safety, there is no need to make guesses or predictions because you are confronted with a fact. That said, there are enough TA proponents/software packages etc that the group as a whole does affect price movements on a short term basis but value shines through over time! I like what TA based price action does to option premiums from time to time too!

No . . . But I am prepared for the end of the Calendar. Bought a nice new one at Costco!

Now that's out of the box! The risk is a raft of others also looking to sell at a penny may end up in your friends account and you still have yours too!

You got that right oddballstocks! This is a perfect example of confirmation bias and social proof bias at work. We all want the mystery stock heavily owned by the Guru who wishes to up his concentration to be the same one we own! We're just so darned predictable ;D

Just to clarify here - BYD is 15B HKD not USD. That takes a 600B HKD market cap down to 77.5B USD at a 40x based on 793.1Million shares O/S. However there are 2.35 Billion shares o/s which would put the 40X number at 232.5B USD. Not so crazy. Also, they are really a battery company, not a car company. Every time I do more research on them they are selling batteries of ever increasing sizes for all sorts of applications from cell phones to shipping container sized 500kwh sized monsters yet the media keeps calling them an electric car company. It's hard to get good info on BYD . . . hence misunderstood.

Thank-you for the review. You just saved me an hour or so at Best Buy playing around with the many tablets they have available! ;D

I disagree - following his argument French investors residing in France are as likely to pursue investment gains as investors residing in the US despite the higher tax rates.

Yeah and what about the snow? It'll just dump right in if the door is powerful enough to lift the load.

Are you Logged In? It doesn't show that unless you are.

Thanks Indy and welcome to the board! Munger, who is an expert on the foibles of bias, says no matter how much he overestimates the effects of psychological bias, he always falls short to whAt reality dishes up.

What I get from that picture is another politician telling us what will happen in 20 years if you vote for them today. Well that curve ends 12 - 16 years after they are gone anyway - so it's a big crock of sh*t. If he says I don't know what will happen 20 years from now, but I do know this is the direction we need to go in and here's how I'll spend the next 4 years turning the ship, then it's at least in the realm of reality.

The 2007 mindset has had a nice jolt from leverage every nickel you can out of your home equity and spend it on a Hummer. I would expect the percentage of households refinancing their homes at lower rates and keeping the payments the same (faster deleveraging), as opposed to refinancing and taking out lump sums, is up - significantly. The effect of high gas prices on household budgets are easily offset as the aging fleet of cars is replaced and the consumer decides between fuel efficiency and ostentatious displays of excess. Heck, "econo-boxes" even look pretty good styling-wise these days.