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Everything posted by Parsad
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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!
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Prem lives an extremely modest life relative to his level of wealth. If he lost 90%, it would have almost zero effect on him or his family's lifestyle. Ask yourself how your lifestyle would change if you lost 1/3? If it is something that would be detrimental to you and your family, or you would have trouble sleeping, then you may want to adjust that allocation. This doesn't just apply to FFH...but any investment relative to your net worth. Similarly to you, FFH makes up about 25% of my portfolio...I sleep very well at night! Cheers!
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It was a little of both...he TACO'ed, but there were also some back channel messages through Turkey and Egypt apparently to measure the temperature for any negotiations. No deal or actual productive talks...but it looks like talks may begin at some point. Cheers!
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Movies and TV shows (general recommendation thread)
Parsad replied to Liberty's topic in General Discussion
SNL UK launched this weekend. Far funnier than the U.S. version which has a weaker, younger cast with less creative writing! Cheers! -
We have a lot of Canadian members on here that wanted something a bit more concentrated on Canada. This thread is to discuss investing, economics, entrepreneurship, trade and finance in Canada...if you must discuss anything politically-related to Canada, please keep political issues focused on those items. Cheers!
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I'll start one. Cheers!
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That Jericho development is going to be pretty dense as well. The density of many of these projects getting approved...aboriginal and non-aboriginal...in non-Sky Train station areas is what is more disturbing to me. I could understand that density on the opposite side...the Molson's brewery, but that inlet side should not have that many towers or as high as they are. It's an eyesore heading West on the Burrard Bridge and takes away from the magnificent view walking over the Burrard Bridge. I grew up in Kitsilano...could not imagine living there now. Much prefer White Rock/South Surrey area now! Cheers!
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Thank you! What were you saying about the war? Cheers!
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OOHHHH...nope, nope, nope...please don't start on climate change! You can complain all you want about the lobbyists, wasted money, cost of clean energy, etc. But please don't do a fucking denial like with vaccines and science! Have no idea again how anyone with any rudimentary understanding of science can deny climate change. Even the biggest moron in the world has no foot to stand on here. Yes, there are geological changes that also affect climate, but humanity has had a massive influence...no different than our behavior in playing with monetary and fiscal policy...we don't know the full damage of what we do. If you can't save this planet, what the hell are we doing looking for another one to try and inhabit...it would take far more work, money, time and sacrifice to do that! So go back to Trump and the war. Cheers!
