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Everything posted by Parsad
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https://finance.yahoo.com/news/nvidia-ceo-jensen-huang-claims-agi-has-been-achieved-can-create-billion-dollar-businesses-172225126.html Amazing! Cheers!
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These people are truly evil...evil, evil people...running crooked elections with mail in ballots. We're the only country in the world that uses mail in ballots...evil, crooked people! DOH!! https://www.cnn.com/2026/03/24/politics/trump-votes-by-mail-in-ballot-in-florida-special-election-as-he-tries-to-sharply-limit-absentee-voting Yeah Cubs...best President in history. More like the most hypocritical President in history! Cheers!
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Yeah, it's no different than what is happening with the US Postal Service or UK Postal Service...etc. Letter demand has essentially vanished over the last 20 years...they are now really delivering packages which subsidize letter mail. But you have union jobs with union benefits who make cost reduction difficult. They are throwing around some ideas, but the unions are fighting it. For example...3 day a week letter mail delivery only. Why every day when most people don't get anything? Adding other services like some government services that would normally be at other departments. Possibly privatizing part or all of Canada Post. Presently, it's a huge money-losing, pseudo-government entity, that keeps eating losses as its business dies a slow painful death over time. They really need to do something! Cheers!
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We all learn over time...especially when we are young...Blake is no different. You wish young people would take advice and at least reexamine their long-term position, but we all know we are stubborn as hell when we are young. I first heard about Buffett from my 14 year old best friend who somehow chose to read the original Money Masters. I had no clue who Buffett was, nor did I care. Fast forward almost another 15 years, and then I finally paid attention after hearing his name again, and then realized I heard about this man when I was in high school, but was foolish enough not to care! What a fucking waste of 15 years. I had a paper route, I worked at McDonalds, I received a small allowance for house chores, I used to do whatever I could to scrape up odd jobs and money elsewhere. I had a nice savings account and some government bonds. Those 15 years of compounding would have demolished any economic crisis event where the stock market fell! But nope, didn't buy my first Berkshire "B" share till early 1999 when I was 29 years old! I bought shit before that like Rain Forest Cafe...what a bust! Buy what you know...fucking Peter Lynch! I hope the younger people we speak to on here will listen, heed some advice...but I don't expect it, because I was too smart for my own good back then as well! Cheers!
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Senior US official has now reached out to Iranians. TACO'ed! Let's see what type of deal the U.S. gets here now. At least all the bullshit is over and we can go back to some sense of normality as oil prices drop and market stability returns. Cheers!
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Are you referring to the huge losses running at Canada Post or something else? Cheers!
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That is probably true. But it didn't happen and if you didn't invest, you missed the best investment opportunity of a generation...until the Pandemic...where people froze again. Even Fairfax didn't take advantage of that time because their shorts hurt any long positions they took. Fairfax had a macro view...not necessarily wrong...just didn't come to fruition. Analysis paralysis! But they took advantage of the Pandemic and bond market thereafter...look at the results! Also, in Buffett and Prem's case, they can buy private businesses at non-market prices. They can grow their insurance premium volume when macro is suspect. They already have huge businesses generating more cash than they can invest, so their assets are growing regardless...at a rate far higher than 2-3%. You cannot afford that...your portfolio will be worth less over a long period of time. You will actually make yourself poorer...not wealthier! I'm telling you this as someone who has been investing for nearly 30 years...who has read everything on Buffett, ACTUALLY knows Prem for nearly 25 years and doesn't just quote him, have made myself very comfortable from their lessons, have paid attention to macro but never let it stop me from finding assets at cheap prices...I'm trying to relate to you that macro-based, defensive portfolio management is not what you are doing if you will not buy cheap assets when they are available. Yes, at times they will be readily available...at times more difficult to find. But something always pops up every year. And once in a while...probably every 10-20 years...there will be a drop of 20-50% and the flood gates will open. But knowing when, where, how and why...nearly impossible! Cheers!
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Good stuff! Glad ticket sales are going well. Keep up the great work! Cheers!
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Blake, I don't know how many times I've said this, but all of those guys (other than the media) run leveraged financial institutions...where they may have difficulty raising capital through debt/equity financing. For some, their company stock trades in the open market that could be susceptible to wide swings. Depending on the type of business they run, they are also exposed to correlated risk, funding by the Treasury/Fed, investor redemptions, etc. You have none of these challenges in your private portfolio...it's not even apples to oranges...it's like an electron compared to Jupiter! Cheers!
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I'm all about simplifying the analytical process. Overthinking human psychology or market behavior often leads to affirmation of a set of beliefs or analysis paralysis...see Blake! I buy when I see things getting cheaper to intrinsic value...it's as simple as that. I have no idea what Trump or Iran will do...nor do I care other than for personal/ethical reasons. If things get worse, I sell more expensive stocks to buy even cheaper stocks. Works like a charm for over 25 years now, through the tech bubble, GFC, Pandemic and probably this so-called AI bubble and Iran War. I will rarely get the bottom and will probably sell well before the top...that's ok. I cover that middle ground very nicely like a mid-fielder...Trump and Iran will never come into the equation...their actions just gave me the opportunity! Cheers!
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You are wasting your time on this stuff! You can be defensive and prepared without prepping your portfolio for the apocalypse. No different than gold or bitcoin investors thinking all currency is fiat currency and they are better off with those assets long-term. Cheers!
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Greg spent the whole weekend polishing off a bottle of Pappy's while writing these jokes for you Blake! He knew Trump would TACO at some point. Cheers!
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Give it up Blake! There is no winning this thing until the Trump-Epstein files come out...if they ever come out. Teflon Don is the real Teflon Don...that's why his skin is orange and so greasy! Sunny side up eggs just slide off that skin like "buttah"! Cheers!
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You are a twat! Funny twat...but a twat nonetheless! Cheers!
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Eventually self-preservation tends to win out. It's very rare when people will sacrifice everything and everyone...World War I and II. Especially without any other outside support. While the U.S. had Israel, there wasn't much other support...Iran had zero support really...can't fight a large-scale war alone these days. Not with such high deficits and debt all around the world! I think the worst of this is over...but if Iran makes a fuss, Trump will bluster again...and then it will chaotic a bit longer. Cheers!
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Hmmm, there were quite a few MAGAtards this time around too! Libtards are usually there, but the MAGAtards are growing. Cheers!
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Thanks John! Never heard of it till now. Cheers!
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Movies and TV shows (general recommendation thread)
Parsad replied to Liberty's topic in General Discussion
Their delivery is always perfect! Graham Norton stole the monologue from Tina Fey and he barely had any lines. John Cleese was exceptional at that...especially in Fawlty Towers...still the funniest show I've ever seen in my life! Cheers! -
What is Winnipeg honey Dill sauce...never heard of it? Cheers!
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Iran is not as good a liar as Trump! Evil, yes...liar, no! Cheers!
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Thing is, he goes for these small, quick wins...just like he makes money the same way...gambler's mentality! Doesn't solve anything long-term, at least not significantly different than his predecessors (except Southern border...he did definitely fix that), but he makes it look like a win. Then moves on to the next thing to turn into chaos, TACO, settle or ease the atmosphere, call it another win. Like he's stopped 8 wars so far...don't cha know! Cheers!
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Yup! But he is funny when not being an asshole! Cheers!
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No comment on regime change...but according to Trump...no nukes going forward and they are supposed to talk tomorrow. Have not heard from the other side yet. It may be good that one liar is out lying the other liar here! Cheers!
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I think most people prefer double D's...we're talking about boobs right? His interviews are hilarious! He's even taking shots at NewsMax and saying "I can't believe I'm talking to CNN!" Cheers!
