Parsad

Just eat slow cooked brisket and save yourself $200 a pound! I've had Waygu and it's a little too delicate and tender. Good once in a while...and great slightly seared on sushi or as tartare. I like the mouthfeel of a good New York strip done medium. I think good steak needs a bit of chew...not velvety soft like Kobe beef or Waygu...that's a little too much marbling for me. Cheers!

Yup, pretty much all really large cap tech is around 25 times normalized earnings or higher. In non-taxable accounts I'm back up to 50% cash (thanks to FFH, META and SHOP) and I've even taken a little in profits in my taxable accounts. I can never get the timing right when I think markets are starting to get a bit expensive, so I just hold more cash. Also, certain sectors like retail/travel remain in damaged mode and are still under 12 times normalized earnings for many companies. Consumers are still spending...so the correction could be out some ways still. Cheers!

Guys...they've run surpluses in their insurance ops for 15 straight years...I think they've got it down on how to structure their bond portfolio so that income and credit risk is balanced with future insurance claims. Cheers!

+1! You can add a couple more: 03. Chairman & CEO has never sold a share = Exceptional. 04. Chairman & CEO donates a shitload of money, but never uses his name or his family's name = Exceptional. Cheers!

https://finance.yahoo.com/news/crypto-shares-tumble-u-sec-184211494.html Cheers!

I don't disagree with you. But even Frolich said that he was surprised that he had the mental strength to fund his investment after each blow up and continue. He doesn't think others might be able to do that. So, like Buffett, there is an inherent ability to deal with loss or risk management. Buffett doesn't lose money to make money...Frolich blew up several times to make money. I like Buffett's way better...even if it takes me a lot longer! Cheers!

It's always to make themselves sound bigger than they are, etc. That being said, I'm not saying he was lying. But probabilities suggest he was. Cheers!

LOL! Cheers!

My aunt lives in Monaco. Max is right...rent is probably on par with New York or San Francisco. But other stuff is expensive! Also getting residency status in Monaco is relatively easy as long as you can put like $500K Euros or $1M Euros...something like that in a bank there. Citizenship approval takes like 10 years of permanent residency. Cheers!

Teach me master! I want Wagyu and only want to spend $60K a year. Max are you married? Do you have kids? I'm guessing probably married, but no kids. I totally agree on the Netjets thing! Cheers!

Very true! Until you get hit with a $250K medical bill because you didn't buy travel insurance or you get diagnosed with ALS and need care for the rest of your remaining life. Cheers!

If I understand the deal correctly, it's a total obligation of $4B ($2.3B current loans being bought for $2B, with future loan funding of up to $1.7B). The $2.3B effectively works out to 10% because of the 8.6% yield and discount of the purchase price. Will the future $1.7B be at 8.6% as well? If so, that's recurring income for the next two years of up to around $400M each year depending on when they loan the $1.7B, plus the loans are secured and there is a ton of current equity. Win-win-win for FFH! Cheers!

+1! Cheers!

+1! Also, even if they don't lie, they don't necessarily tell you the whole story. Frolich blew up several times before he hit that one year record. Great for him, but the biggest thing about him was that he was able to recover mentally and try again. 99.99999% of people would not be able to replicate what he did, nor hold the mental strength to start all over again after losing everything...over and over. Cheers!

I don't really care one way or the other, as I'm sure it will be an entertaining movie. But they did take a ton of artistic license with the company based on what many people have said that were there during that era. Cheers!

+1! I would imagine that's why most people think $7M is rich now. But $7M for a spendthrift is probably still poor. Once you can cover your living expenses, have manageable debt and that capital will continue to grow...you're wealthy. And if you have significantly more...you're rich. Cheers!

Apologies Greg! I thought you were talking about the kid. Cheers!

This might get a debate going! These lists never end in agreement. Cheers! https://www.vulture.com/article/all-218-u2-songs-ranked-from-worst-to-best.html

Yup! They are all going to courses, because it is recurring income, scalable, with zero work after you write it. Why do original podcasts weekly, or actually run a fund...take two years worth of results and call yourself an expert. There's like hundreds of them on Youtube...showing off their trades, houses, cars, etc and then write a course and keep raking in daily sales to suckers! The smart ones are creating entire curriculums with multiple courses. Nothing new...the Stephen Covey's and Tony Robbin's have been doing this for decades regarding self-help...why not business or just about any other subject! Cheers!

Wait a sec! Mohnish might have poor results, but they are audited and available for everyone to scrutinize...and his ideas are available to scrutinize like Fiat which if you kept the Ferrari shares would have been a 20 bagger. Mohnish has a few of those over 25 years. But it's there...out in the open. This guy pops up on a Yahoo article, no account statements for proof, and he's selling courses. Really, you're going to use Mohnish as the discredited one and this guy as most likely legitimate? Greg, you are a whole hell of a lot smarter than that...and normally you dig in deeper when scrutinizing something. I read that article last week, and then went and read a couple of other articles on the kid. He did turn small amounts into a significant amount early on, including trading meme stocks, but the $8M number is not audited and is reportedly gains he's show on account statements. Not net gains...gross gains. He did not show his gross losses. That's why I didn't post it. Cheers!

Yup! He's probably making more in net profits/gains by selling courses and scaling that business up. Cheers!

He's shown total gains, but not his actual account value. He could have $8M in gains and $8M in losses recorded. Cheers!

These ads keep popping up for me...I am neither looking for an e-bike, nor a scooter! And I'm not a Boomer! That being said, that two-seater off-road scooter looks pretty damn good. It would be easy to pick up chicks at the senior's home! Cheers!

Wasn't me! I voted in favor of the idea...but see my response above. Cheers!

Instead of Twitter, would you guys be open to Zoom? We have a "Zoom Room" that I've been paying for since we revamped the site, but I never could figure out what to use it for! We can have up to 300 boardmembers/guests attend at any time. Starting this year, we could hold a "Zoompalooza" for a handful of major companies during/after their AGM. Quarterly would be a bit onerous, but we could certainly do annually for say 10 of the companies most desired...BRK, FFH would obviously be two of them. I think JOE seems to be a pretty popular topic these days. We could have a poll to decide on the ten companies each year. One expert/shareholder from the COBF on that company/topic could be the moderator along with a couple of guests, and we could take virtual questions through Zoom. Cheers!