Gamecock-YT

I'm totally drawing a blank on the source (maybe a TV show/movie?), but I always think of this like: you are glad to see people doing well, you just don't want them doing better than yourself

Any time I'm wanting to take a punt on some stock, I always go back to Graham and WB: "Shares are not mere pieces of paper. They represent part-ownership of a business. So, when contemplating an investment, think like a prospective owner." - Warren Buffett From Chapter 20 of Benjamin Graham's book The Intelligent Investor: "Investment is most intelligent when it is most businesslike. It is amazing to see how many capable businessmen try to operate in Wall Street with complete disregard of all the sound principles through which they have gained success in their own undertakings. Yet every corporate security may best be viewed, in the first instance, as an ownership interest in, or a claim against, a specific business enterprise. And if a person sets out to make profits from security purchases and sales, he is embarking on a business venture of his own, which must be run in accordance with accepted business principles if it is to have a chance of success." That and the punch-card theory usually stops me from dipping into speculation.

Probably my biggest take-away from traveling was exactly this: I met several people with 1/100 of the assets/salaries of us here in the west, but they were 100x happier. Puts our first-world problems in perspective and frankly how unnecessarily we grind so hard and become so unhappy. Been to ~50 countries and agree with both of these big time. Once we get past the pandemic, I'm going to look heavily into digital nomading/slow travel. It's not that expansive in most places in the third world. You just need to find a place to rent monthly. In places like Mexico my cost has been between 500 to 1000 dollars per month. Yeah, was mainly saying that due to my US passport and the virus outbreak, I'm persona non grata for most places in the world currently. I think I'd target SE Asia starting out, Vietnam or Thailand. Really liked Da Nang when I was there in November. Though eventually would like to try Buenos Aires, Santiago, and Medellin. I'm absolutely not a warm weather person so would have to migrate in the summers (or get closer to the poles where it'd be cooler). With US citizenship, you might want to confine your traveling (until AFTER the elections) to just the major centres. In a great many places, a US citizen is a ATM machine. Each one worth a lifetime's earnings, if grabbed for K&R, and sold up the chain. Grab &/or early release, typically a function of how you/your government are perceived. South America is a great place, with great people - but it will help you tremendously if you can speak Spanish, and eat local. A few months in Quito (Ecuador) at Spanish School, then Lima (Peru) to polish it up. Why Quito? Dialect matters, and it will affect how you are perceived. Why Lima? It's cheap (by NA standards), and the jump-off point to the Galapagos, Manchu Picchu, and the Nazca Lines. Highly recommend a 3-4 month stay in Buenos Aires. It really is the Paris of South America. A 2-3 month stay in Rio de Janeiro, straddling Carnival, is also something that you will never forget! Enjoy! SD That's interesting, I've never heard the dialect thing. What makes it special? Less slang?

Probably my biggest take-away from traveling was exactly this: I met several people with 1/100 of the assets/salaries of us here in the west, but they were 100x happier. Puts our first-world problems in perspective and frankly how unnecessarily we grind so hard and become so unhappy. Been to ~50 countries and agree with both of these big time. Once we get past the pandemic, I'm going to look heavily into digital nomading/slow travel. It's not that expansive in most places in the third world. You just need to find a place to rent monthly. In places like Mexico my cost has been between 500 to 1000 dollars per month. Yeah, was mainly saying that due to my US passport and the virus outbreak, I'm persona non grata for most places in the world currently. I think I'd target SE Asia starting out, Vietnam or Thailand. Really liked Da Nang when I was there in November. Though eventually would like to try Buenos Aires, Santiago, and Medellin. I'm absolutely not a warm weather person so would have to migrate in the summers (or get closer to the poles where it'd be cooler).

Probably my biggest take-away from traveling was exactly this: I met several people with 1/100 of the assets/salaries of us here in the west, but they were 100x happier. Puts our first-world problems in perspective and frankly how unnecessarily we grind so hard and become so unhappy. Been to ~50 countries and agree with both of these big time. Once we get past the pandemic, I'm going to look heavily into digital nomading/slow travel.

I've noticed a lot more restaurant steak cuts at the grocery store than usual. Pre-COVID, I don't think I've ever seen a hangar steak in a meat section. Last two times I've been to Whole Foods they've had them for $11.99 a pound.

Some tweeters said they were disappointed with the lack of Michael Dell mentioned in this thread. So, there.

det_frank_pembleton 906 points 7 hours ago Look at me. I am the market maker now.

aren't these all quotes from "The Death of a Salesman"? It also seems to share some of the same terrible stage instructions as well. What a coincidence! Sounds like something out of Dale Carnegie

yeah, was going to say to just look at Japan. The test will be if the Fed is able to take the foot off the gas with the market not throwing another taper tantrum that kept QE going on seemingly indefinitely.

incentive to be productive WFH when there's 20% unemployment is much higher than when WFH when unemployment is 5%. Wasn't it IBM that a year or two ago forced all their WFH people to commute back into an office or they were fired? That's why I laugh at companies like Twitter saying you can WFH 'forever'.

Germany is now estimating a R0 above 1, granted a small sample size but it was in the .7's a week or two ago. https://www.rki.de/DE/Content/InfAZ/N/Neuartiges_Coronavirus/Situationsberichte/2020-05-09-en.pdf?__blob=publicationFile

Jay Cutler and Kristin Cavallari announcing their divorce

Show me the incentives and I will show you the outcome.

Wasn't sure where to post this but settled for a general airline industry thread... United Airlines just finished the first displacement bid for their pilots. Approximately 4,500 pilots will be displaced from where they are currently flying (Hub and aircraft) to another seat. Roughly that means that they will be furloughing ~4,500-4,000 more junior pilots who won't be able to hold a seat when the employment lock up expires on October 1st. Just the first shoe to drop, it's going to be ugly and kind of like what WB said yesterday it has ramifications for the entire aviation/travel industry.

That precision castpart answer was pretty gloomy. Talking about nobody needing new airplanes and how that impacts the employees of the airlines, Boeing, GE, and Precision.

yep, really teeing it up for somebody to ask.

Well for one thing, FedEx and UPS have their own planes. USPS usually flies in airline cargo holds. So with flights being reduced, you are seeing the supply chain having issues. Take a look around 10pm, seems like there’s way more fedex/ups/prime air/dhl flying around these days. I suspect USPS isn’t getting as good a deals flying the mail on those planes.

Negotiated an 11% decrease in apartment rent for lease coming up for renewal at end of June. Wonder if this isn't going to be a deflationary event despite the fed printer go brrr. And if so, if it's better just going for a 12 month renewal instead of 15 months (the same price per month for both)

Even, what I've increased in carb intake I've also increased running outside just to break up the monotony of being indoors.

https://www.doctorofcredit.com/chase-seems-to-be-tightening-small-business-credit-card-application/ The churning community has been milking Chase for credit card points through opening business credit cards for 'businesses' Since the coronavirus pandemic has hit, besides Chase not making any small business lending outside of the CARES Act, they've practically quit approving any business credit cards regardless of being legit or not.

Depends if the Fed will be giving bridge loans to cover people's mortgages, car loans, and credit card debt.

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Gov. McMaster is a clown. First positive case in the state was March 7th, he's been behind from the get go.

well he did sell some of the airline stocks, I guess that's action speaking louder than words...