ukvalueinvestment

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I don't think many would argue that Giuliani did some fine things as mayor. But that doesn't mean you can't also judge his actions over the last ten years in a negative way. People change. Rudy has not aged well.

I see what you mean but you also have to treat politicians in the same way as the rest of the population. If it was "allowed", and they acted in a responsible way (masks etc), there are better targets for criticism in my view.

But they were following the rules at the time weren't they?

Do you know why killing someone who is attacking you is more justified than killing an innocent person? Do you know why its more dangerous to drive over the speed limit without wearing a seatbelt than with one? I do, but I dont see the ties any of that has to the logical inconsistency in the above mentioned behaviors. For instance just yesterday, Chuck Schumer was partying in the streets maskless. And it was celebrated by everyone and the part where he was massless largely ignored... People have just kind of lost it with this and the media is a big part of the problem. Even the other day, my wife says to me, "did you notice the kids had runny noses all week?" and I was like yea. And she says "now my nose is runny, do you think we should be concerned?", I said, well how do you feel? To which she replies "fine". And I explain to her politely but in my head am thinking...."WTF. Every year maybe 2-3 times a fall/winter(at least since having kids) stuff like this goes around. Seasonal allergies/common cold/flu, etc....normal part of life. Now, the exact same things happen and we're all ridden with paranoia. On top of this, if these are your symptoms, and it turns out to be covid...who cares? You feel fine or at least consistent with how you normally do during this stretch of the seasons, you might have minor discomfort....otherwise, WTF is the point of all this negative energy, restriction, and paranoia....and if anything more serious comes about, well you deal with it accordingly. But the degree to which people are mentally impairing themselves over this is downright insane. Errrr.... remind me who it is that's mentally impairing themself?

Thanks but shouldn't churn be calculated on the previous year's sales not the 1st year's sales?

Annually

I don't really know what you mean. Is that not a derivative of the churn (17%)?

Sure. I'm actually looking at Naked Wines: ARPA: 197 Gross Margin: 27% Discount Rate: 8% Churn: 17%

Hey - I am trying to find a good lifetime value calculator - the attached is what I am after, but the output doesn't look 'right" For example, ARPA 500, Gross Margin 20%, Discount Rate 0, Churn 100% spits out a discounted residual value of 2680! How is that possible when customer churn is at 100%? https://tactyc.io/published/1729/ltv-calculation Assuming I am correct in saying this must be wrong, does anyone know where I can find a good one.

I am not based in Poland but my wife is Polish so I have an interest. Indeed I am planning on living there in future. How well do you know Poland? Maybe I can help.

I think we are starting to see why Buffett is cautious ... ?

Unfortunately he had a zero on Flybe, and also owned TRIP

I had been under the impression that he has generated sizeable alpha for his clients over many years. I also like what he says when he's on TV, makes a lot of sense to me. I don't know anything about the "Fairfax affair"

I think you missed the worst bit, which is: to even get on the plane for an international flight, you will have to get a medical certificate; get temperature checked at the airport, and queue for security in a socially distanced way. People are talking about a 3-4 hour process at the airport. This is the year for a staycation in your own country (at an extortionate price)! people talked about 4 hours at the airport after 9 11 as well. Not sure why it would take 4 hours this time. The certificate you get a couple days before. If everyone is wearing a mask, why would there be a need to have meters of distance in the queue? makes no sense. temperature checks take a second, and more likely, they will be done by flir cameras so you won't notice it until someone taps you on the shoulder for being too hot. Fair enough. Might just be then. I find airports to be places of misery at the best of times. With this extra stuff in place, I think I won't bother (and I think there'll be others like me)