Pauly

So if Warren and Susie had kept their original amount of shares from 2004 (508,998), they would be worth about $367 billion today. That would be 24th in the S&P 500 and more than the market cap of Bank of America. Amazing.

Now that's a big yacht i wouldn't mind owning. Crossing the Atlantic with 10 friends and a few fishing rods sounds like a good time.

I believe he's equating RFK Jr's noted anti-vaccine stance with why he also doesn't like NATO. As NATO acts as a 'vaccine' to the 'disease' of Russian expansion. Correct me if I've misunderstood, of course. I also wonder if RFK's parasitic brain worm has been influencing his thoughts (literally) on vaccines. Strange fellow.

I love this one. I'm always amazed the percentage of people who will wait 5 minutes for an elevator rather than spending a couple minutes going up the stairs. It's one of the simple lessons I tell my kids that makes me feel wise: take the stairs and you're already ahead of 90% of the population. Also applies to parking lots. Why drive around for 10 minutes waiting for a close spot when you can park farther away and get some walking in. Plus you're less likely to get your paint scratched.

Yeah I do hope they can figure out their quality issues. I know for hockey jerseys they're considered absolute junk next to Adidas, and the see-through baseball pant debacle has brought their name to the masses for all the wrong reasons. Still, they seem to be taking over sports apparel.

Oof. Finished watching the latest season, and what a mess it was. Incoherent plot that went nowhere and had no internal logic. Terribly written characters, pointless callbacks to the (much better) first season...I could go on and on. I'm amazed that reviews have been mostly positive. It's just not for me I suppose.

I don't get it. Do you think that people here believe that Berkshire has been the best performing stock over the last 25 years? No one thinks that.

Has there ever been an instance where a government agency has stepped in to give the market something it hasn't asked for, and had the market adopt it enthusiastically?

A lot of assumptions here. You 'know' that blockchain and CBDC are disrupting payment rails? 'Most would suggest that earnings will be a lot less than forecast'? I haven't seen any evidence that either of these things are true. China's reaction to Ali/We Pay doesn't have a correlation to anything that would happen in NA/Europe. V/MA have no chance of taking over payments in China, and I'd say that western governments have no chance in taking over payments in their respective countries. And from the Apple release: 'Tap to Pay on iPhone will work with contactless credit and debit cards from leading payment networks, including American Express, Discover, Mastercard, and Visa.' So Apple wants to displace JPM, Citi, RBC in the payment space and take over that cash stream? Fair enough. It sounds like V/MA is still going to get their fractional cut though.

I've never heard a real benefit for the purchaser in giving up V/MA cards and moving to blockchain payments. So the merchant doesn't have to pay the credit card fee....as the buyer, what do I care? Is he going to knock his prices down 2%, or will he just pocket it? I'm betting on the latter. When I use my Visa card (or Mastercard, Amex, whatever), I collect travel points/get cash back, I have a 500lb gorilla in my corner if I want to dispute a charge, I have a strong layer of security between my bank account and whatever seller I'm dealing with. Why would I want to move away from that?

I thought the same thing. Browder's story could make for a good movie, but I guess they'd have to go with a different title now.

If I were to go bankrupt; not just bankrupt, but so financially ruined that I felt the need to flee into the arms of a totalitarian regime to get myself straight again, I don't think I'd be fit to give any financial advice beyond 'don't be like me'. I certainly wouldn't be hocking a book titled '12 Rules for Getting Rich'.

It's like when famously overweight Dr. Phil wrote a diet book. I guess Peterson has found being a snake oil salesman pays much better than Canadian academia. Oh, and his daughter now charges people for advice on eating only meat. Worked out great for dad!

Isn't this the guy who went on an all meat diet and then got so hooked on benzos that he asked some Russian doctors to put him in a coma? Ya, I think I'll do the opposite of whatever he's doing.

If you're buying small cap spec stocks in the public markets and manage to hit it big, I have no problem with that. Ted Weschler's Roth seems completely fine to me; he played by the rules, and he played very well. Good for him. Thiel's Roth looks a lot more like self-dealing, as Spek has highlighted. That just looks like blatant tax fraud and should incur the proper penalties.