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gurpaul88

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Posts posted by gurpaul88

    DJCO AGM 2016 Notes?

    in General Discussion

    Posted

    Listened to the audio. Thanks for posting. Munger has answered all of these questions in the past. Damn tough not to, when you've been doing this for 50 years. The consistency of the answers is what's amazing. Straight as an arrow.

     

    I personally like Omaha because two of them together>>>2

     

    Sorry for my confusion, where can i listen to the audio?

    What are you buying today?

    in General Discussion

    Posted

    Canadian Rate Reset Preferreds.

     

    http://www.theglobeandmail.com/globe-investor/investment-ideas/interest-rates-provide-answers-about-plunging-preferred-shares/article24013205/

     

    Gotten worse in September...

     

    Preferred shares suffered their third consecutive month of significant price declines, returning -3.82% in August. The market action last month strongly resembled that of the summer of 2013, when the Taper Tantrum caused preferred shares to selloff and then recover sharply in the autumn of that year. With price declines occurring on low volumes and selling indiscriminately spreading from low reset spread issues to all types of preferred shares, the decline of the market during August appeared to be capitulation by some retail investors giving up on the asset class.

     

    Curious, any specific names you  find compelling? TIA!

    Standardizing new topics in "investment ideas"

    in General Discussion

    Posted

    Completely agree. Doesn't take much effort to write a paragraph or two summary of the investment thesis. Starting a thread about a company and basically asking other people to do the work for you rubs me the wrong way.

     

    Can we also impose some board standards on the "tl;dr" responses of some posters? If you come onto the thread and say that the thread was too long so you didn't read through it and ask for a summary, how do you expect to read through a 10-K? Or years of 10-Ks? Read the damn threads, people.

     

    +1

    Buffett - I Eat Like a Six Year Old

    in Berkshire Hathaway

    Posted

    You can pretty much choose if you want to be stressed out or not. I haven't really felt stressed for years - not since dealing with my demented grandmother on a daily basis. Everything pretty much pales compared to that.

     

    Wage slaves do themselves in. You don't need half of what you think you do, and in fact, it's pretty cool to sleep on the floor. I did so myself until my brother came to stay with me during rehab and left a blow up bed behind. I'll go back to sleeping on the floor once it runs out of air, because I don't care to learn how to operate the thing.

     

    Let me tell you something. I dropped out of 4th grade. My grandmother came from a line of gypsies and believed she had psychic powers. Did readings with a poker deck over the telephone for a living; didn't use tarot cards because those are fake.

     

    My dad killed himself with alcoholism after several close calls he should have learned from, one of my siblings seems to be following his path. One of my uncles tried to sacrifice his children on top of the mountain 'til he got locked up and later believed he was the Archangel Michael and was the savior of some Indian tribe in New Mexico.

     

    Bad stuff's going to happen in your life. Maybe mental illness runs in your family as it does in mine. Maybe you constantly worry about paying the bills, or because a loved one is ill.

     

    Point is that the longer you live, the more bad things are going to happen to you. And none of it really matters. Maybe it seems like it does at the time, but it doesn't. You get foreclosed upon? You'll learn to make due. Loved ones die? You'll move on.

     

    I think this sort of thought scares people, and I think the stress really comes from looking forward rather than back. Unless we really advance medical technology, you're going to die too. And people will be sad for awhile. But then they're going to move on, and in two or three generations no one will care that you're gone or really even remember what you were like to begin with.

     

    We really, really overrate ourselves. No one cares if you're stressed. Folks get stressed because they choose to put themselves in a situation that enables it. You can live in a van and live off of dumpster food pretty easily. For a lot of folks, if they gave it a shot, I suspect they'd get used to it pretty quickly.

     

    I have considered making that jump myself, several times, though I would plan to travel the country in the Mystery Machine instead of staying in the Safeway parking lot, not that there's anything wrong with that.

     

    I suspect a lot of people wouldn't feel satisfied with that, or would care too much about what others think of them. You have to realize that a lot of jobs are bullshit jobs anyway. A lot of redundancy exists in corporate America, to the point that many corporations act as daycare for adults.

     

    Basically we take ourselves way too seriously. There are many worse outcomes in life than sleeping in a van and eating dumpster food. You just have to open yourself up to the possibility. It's sort of like sexuality. You may think you're straight, but how can you tell you won't like something until you try it once?

     

    I think there's a lot of value to being the equivalent of bicurious in day-to-day life. No reason you can't change your mind later.

     

    [/latenightrambling]

     

    Scott,

     

    Thanks for sharing that.

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