Parsad

That's going to at least 5.5...maybe 6-6.5 if things aren't slowing. Cheers!

If you don't have your CFA or MBA, you may be better off applying at smaller firms outside of Wall Street...there are large, quality firms in other major cities. Write letters to the head of small firms you admire. Tell them you'll work for nothing! Yes, you are going to eat ramen for a while and probably give up all material possessions, but that may be the sacrifice you need to make to make an impression and get a leg in. I've seen lots of people work their way up from small firms, apply at larger firms and start as junior analysts, and then rise to senior levels of management. Nothing happens overnight...you will have to put the work in unless you have a well-regarded family member who can network a position for you. Cheers!

Russia is bluffing. If nuclear weapons were used on Ukraine, China would step in before the U.S. to deter Russia. China is not interested in this crap. They want to keep Putin on a comfortable leash, but not stir a global calamity. China wants Russia to push Ukraine far enough so that the World understands that Taiwan could suffer the same fate...but China definitely doesn't want sanctions or to create a World crisis. Putin's position is also at risk...his generals do not want to escalate this thing much further...certainly not nuclear. This will all end some time next year...Putin will be replaced or get his piece of Ukraine and consider it a victory. Everyone else will backdown and the U.S. will bring the remaining portion of Ukraine into NATO. Cheers!

Heartbreaking story about a Quebec family making memories before 3 of their 4 children lose their eyesight. Quebec family taking world tour before children lose their vision - The Globe and Mail Make the most of the time you have in this world! Cheers!

+1! I don't see interest rates going down in an environment where budget deficits and large nation-state debt is abundant. What is going to prop up a falling yen, euro, yuan or rupee? Certainly not lower rates on future debt issuances if North American debt is offering much higher rates. We are looking at rising rates on a long-term global basis...not a return to any deflationary environment...the good times for cheap debt are over! Cheers!

Yes, Reddit did not invent meme stocks...it was Ericopoly who did nearly 20 years ago! I think like half the message board was in on that gravy train...whether they loaded up on FFH shares at $63 or bought large amounts of FFH LEAPs. Cheers!

If you are the Estate, then why should you pay estate taxes! That's for the common people! Although, they did start to pay tax on the income the Duchie's generated like 25 years ago. But a lot of it is offset by their expenses before tax is calculated. Cheers!

That was a decade for stock pickers and value investors. The indices had a very nice run for the last decade...now things turn the other way for a bit. Cheers!

Possible Berkshire bolt-on acquisition: https://www.cnn.com/2022/09/06/business/kohler-death-wisconsin/index.html The brand would fit, as would the business and revenues. Not that many 4th generation businesses that are successful. Cheers!

With shipping rates dropping like a stone due to a possible pending recession, the Atlas offer may have been a blessing in disguise! (Paywall) https://www.wsj.com/articles/ocean-shipping-rates-have-plunged-60-this-year-11662375780?siteid=yhoof2 Hopefully, ONE may back out of the deal or it doesn't pass, and we'll get to pick up Atlas around $10-$10.50 again. Long-term contracts put Atlas in a better position than the competition. Cheers!

This post does not fit in the Investment Ideas category...please do not move from the General Discussion board. Cheers!

House of the Dragon keeps getting better and better each episode. Hopefully the quality won't deteriorate next season with Sapochnik gone. Matt Smith was well regarded before this, but he may move into legendary territory! Cheers!

Buy low, sell high! Cheers!

It was a great show till about Season 4 and then things started to get over the top and the show headed in a different direction. Great actors and writing...was spot on Wall Street for several years! Cheers!

Truly a record that will probably never be broken! Astonishing! Someone other than Buffett that absolutely grasps intrinsic value. Cheers!

Comments from China's largest developer: https://www.wsj.com/articles/chinas-property-market-has-slid-into-severe-depression-real-estate-giant-says-11661863259?siteid=yhoof2

Whoa! Amazing work! I nominate Viking for a special Fairfax shareholder analyst award. This is probably more extensive than stuff the analysts at Fairfax put together! Cheers!

I've only read "A Hero With a Thousand Faces", so I'm not particularly familiar with all of his work. Cheers!

Haven't been to PEI, but planning a trip to see the East Coast. Heard nothing but beautiful things about PEI and that is one spectacular photograph! Cheers!

With $300B of new liquidity being provided by the student debt relief program, I can't imagine consumer spending not being great through Q3, Q4 and into next year. If you've piled on a ton of student debt, you probably aren't averse to piling into more debt on your line of credit, HELOC, credit cards or refinanced mortgage. I can see retail, car sales, travel, etc all doing well for the next year...since you've got to reward yourself for knocking off $10K of student loan debt from your $50K or $100K of student loan debt outstanding! I would imagine less than 25% will actually use this as an opportunity to get ahead and pay down more debt...the rest will spend an equivalent amount elsewhere. Cheers!

Sheesh! Build'em to house people and then tear them down to keep real estate prices/demand up. China Finance 101! Cheers! https://finance.yahoo.com/news/china-tears-down-tower-blocks-122948254.html

Denis Villeneuve may be the best science fiction director in Hollywood these days. He should have done the last three Star Wars instead of JJ Abrams. Arrival was terrific...Dune was also amazing! Cheers!

Yup! All parties should be supporting lower taxes and barriers for self-employed. You have the minimum 15% tax for large corporations going into effect in the U.S., yet self-employed pay higher taxes than that! In Canada, self-employed have a lower tax rate up to $500,000, but pay double the Canada Pension Plan and Employment Insurance premiums, plus have to pay for their own health care and extended health plans. Plus they aren't eligible for RRSP contributions unless they take a salary and pay regular tax on that. Cheers!

I'm not in a retirement community, but I downsized into a community with probably 65% of the residents are over 55 and retired. I'm about a decade and a bit younger than most of them, but I have to tell you...swimming from 1-3pm followed by a 4pm gin and tonic is pretty damn nice every day in the summer! Cheers!

It's hard either way. Remember, as a dual income family with kids, you have more expenses, but you have more income, tax credits, government support, subsidies, income splitting, etc. As a single person, you don't benefit from any of those things unless you are below the poverty line. I didn't benefit from one single thing during the pandemic...money dropping out of helicopters to everyone, and I didn't get a nickel. And if you are a self-employed single person...even tougher. Loans are harder to come by as you don't have any spousal income and are self-employed, pay twice as much on pensions/employment insurance, etc. Cheers!