Gamecock-YT

Nor Colombia!

too late

Process. Though at times it can feel like a bit of just spinning your wheels when you don't have anything actionable to dig in on. I've always been interested in how money worked. My degree is in finance as well. I started reading the WSJ at an early age, FT in college. After a certain amount the proceeds are just keeping score. Though it's allowed for a lifestyle I wouldn't have otherwise and also allows for the independence I crave. But even if it didn't allow for the opportunity to make outsized gains, I'd still be interested in business. I think Drunk has a quote: "Number one, passion. I mentioned earlier I was passionate about the business. The problem with this business if you’re not passionate, it is so invigorating to certain individuals, they’re going to work 24/7, and you’re competing against them. So every time you buy something, one of them is selling it. So, if you’re with one of the lazy people that are just doing it for the money, you’re going to get run over by those people."

Happy Lunar New Year

My Trump trade is off to a good start!

Not surprising, that was the unit the Haslem's were using to juke the numbers to get a higher valuation on their shares.

getting meme’d

the rule of thumb is to pay for your plate.

from shirtsleeves to shirtsleeves in 3 generations

It's been used to virtue signal more than anything. Inevitably people that leave twitter (content creators mostly) and make a big show of it start showing up back on twitter once they realize their metrics have declined. The 2-3 times I've taken a look at it the algorithm is as to the left with propoganda as twitter is to to the right with propoganda.

35.56%, Made two large investments this year that came up trumps. Managed to bottom-tick ALS.TO in February after putting about 25% of my net worth into it over 12 days as the price was blowing out. This was after an iron ore mine’s pre-feasibility study (on which they own a royalty) showed a lower-than-expected IRR. However, if you factored in the spot iron ore price at the time, the IRR improved significantly. Those last batches of purchases are up 50% today. The other big winner was TBRG, which hit a 52-week high yesterday. I'm sitting on a 131% gain on it. Was loading up when it was trading around ~6.2x EBITDA while an investment fund was blowing out of it. Wish I had bought more, as it’s currently trading at ~9.3x. Also picked up some FRMO right before TPL and crypto went on a run—more luck than anything, but it was trading below 1x NAV when I was buying. Those are now up 30%. The big losers for the year were GXE.TO (and some other small O&G investments) and SIRI. 2024: 35.56% 2023: 0.40% 2022: -3.75% 2021: 19.9% 2020: 12.0% 2019: 33.0% 2018: -15.5% 2017: 35.0% 2016: 17.3%

Let us know if you get hit up for a donation again soon, John.

Are you guys confusing retirement money with fuck you money? Isn't the concept of fuck you money that you can tell your boss 'no' and you are ok getting fired. I'm not watching the video to see what these dudes have as their 'take' on what it is to them. Having a few mil in the bank seems pretty overkill, plus in my experience getting to the point where you are telling your boss 'no' can suddenly supercharge your career once you quit giving a damn. Give me ~2 years expenses as my number.

state owned properties being sold off to oligarch buddies under nefarious measures

just imagine the offers you would get if you were a 'Who's Who book for your industry'!

Hope it’s better than his management of his sports teams

He just needs to write 500 pages to explain why the market is wrong

My brother was gifted this book from his boss as he has embarked on his first 'middle management' job. I told him he'd be better off with Bob Fifer's Double your profits in six months or less.

the norwegian sovereign wealth fund

press shy but no one wants to turn down the guy that controls the biggest fund in the world. kiss the ring.

I have, November 2019 in fact so right at about 4 years and 50 weeks to the day, right before shit started hitting the fan and I have no interest in ever going back! I found people to be rude, unhelpful, and trying to rip you off at every opportunity. The surveillance apparatus was beyond the pale. We're talking 10-12 cameras on every street corner. You knew you were being watched at every opportunity. Nevermind the chinese firewall. Google maps doesn't work, the only western app that worked was Apple maps, which made me lose a lot of respect for the company. Especially when they like to flout their privacy bonafides. I've also been to Hong Kong post-covid and the city is a shell of its former self. You're welcome.

Can't speak on the CFA but for the GMAT it's good to do it while you're still in 'college study form', those skills start to atrophy pretty quickly once you are in the working world and not using them on a daily basis. Also depending on what you have your undergrad degree in, you could find the MBA programs pretty worthless beyond growing your network and being associated with a 'brand'. I dropped out of mine after 15 hours because one of the prereqs to continue the program was being forced to take a 'business writing' class that was teaching me to write memos. Not to mention a lot of the business classes were pretty remedial to a business undergrad.

Yeah most people visiting for the first time have no idea on burning season, then get there and it's the worst air quality on the planet. Should hopefully be better than the last few years since we're in a La Nina pattern. Only thing I'd say on BKK is stay somewhere close to a MRT/BTS station, less you be stuck in some of the worst traffic you'll ever experience. I usually stay in Phrom Phong but anywhere along the Sukhumvit line is a good place to stay. And if you are trying to avoid the sleaziness in Bangkok, you'll inevitably be catcalled for massages more times than you can count just by being a farang walking on the street. It's part of the experience. Good news is all that goes away unless you plan on visiting Phuket or Pattaya.

That drive to Pai from CNX is apparently an experience. You can get a puddle jumper to Mae Hong Son if you want to avoid part of the drive. I'm planning on going back to Chiang Mai Jan - April depending how bad burning season gets. Good time to be there.

I mean there's a reason Monaco and Andorra are popular with those that can afford to live there....lots of wealthy Norwegians moving to Switzerland to escape the increase in capital gains tax that came into effect a year or two ago. But your average Dane, French, or Austrian moving to Czechia or Slovakia? If they're moving for tax purposes probably nicer places to live more suited for expats. Geo arbitrage seems to be a hard thing for people to get their head around anyway, one only needs to look in the Money required for retirement thread in the personal finance forum to see that for themself.