Parsad

Actually, the "cocksuckers" eating it were always in the red states. Blue states paid most of the tax receipts, but red states were the net beneficiary of most government payouts. Now, the red states are actually paying for what they were eating! Kind of like the stupid equalizations payments in Canada from the "have" provinces to the "have not" provinces. Cheers!

If the stock market is an indicator of a thriving economy, then why do you guys lampoon Obama (16.4% annualized...better than Reagan) and Biden (4th best performance of any president since WWII tied with Trump 1st term)? Cheers! https://www.macrotrends.net/2482/sp500-performance-by-president

Again, you are just being an ass to Ourkid8. A man who likes to give lessons while never being receptive himself! Cheers!

That's because you have no interest in seeing things from any other human being's perspective. You think Ourkid8 is nothing but an antisemite. You have no interest whatsoever to try and understand his experience or why he thinks the way he does...surprise, half the world thinks the way he does! It's not different than the MAGA faithful deluding themselves that Trump is the answer to everything, and the left thinking Trump is the problem to everything. But you, you're not like Greg who is a pragmatist, or Cubs who thinks Trump is the solution to a lot of problems and admits he believes it. You are different...you will not bend no matter what the facts are, because the only facts that matter are the ones floating around in our head. Anyone else is ignorant, blind to what is happening, uneducated or delusional. I'm not talking out of both sides of my mouth...I'm just trying to find ground that the majority can plant their flag on and say ok, let's try to move forward! At the same time respecting due process, the rights of the individual, and why governments are created and formed the way they are, so the people aren't held hostage or compromised by any single leader. But you do you! Whatever the hell that is! Cheers!

Fair enough! My point was that both sides are full of shit! Cheers!

Not sure what you are talking about! I've made it pretty clear Israel had the right to do what they did...other than unilaterally going into Iran and dragging the U.S. with them. And while you and I agree with the end result with Iran, we certainly disagree on how it was done...and that's because unlike you, I'm not about to solely use outcome to justify Israel's reckless decision! Cheers!

Don't like Trump, don't agree with how he attacked Iran without ally support, but fuck Iran too! They cannot hold the SOH hostage like they want to do. It's not theirs! And this is where Cubs et al is correct...the Gulf States, Europe and Asia need to do something here, regardless of how the world arrived at this situation! Israel and the U.S. also have responsibility here in terms of settlement, reform, rebuilding, etc...they are culpable, but they have also given the world a chance at finally getting some peace and control in the Middle East. Iran should have zero sole control of the SOH...a joint union including Gulf States, Europe, Asia & Iran should form, to allow free economic trade and shipping to happen through there. Cheers!

The hypocrisy is crazy, right? Kind of like how Trump wanted to indict Powell for the increase in the cost of the Treasury building, but the Ballroom's price has now risen from $200M to $1.4B! Do you want to indict Trump now? Crazy the hypocrisy! Right...just crazy! Fuck me! Cheers!

No, it was started by Israel and the U.S. Hamas started the war with Israel on October 7th, but the Iran war was started by Bibi and Trumpie! Cheers!

Did you know Mary & Charles See of See's Candies were also Canadian? Both from Toronto! They moved to LA and started See's! Still my favorite chocolates of all time! Cheers!

This chart is hilarious on it's own. It gets even funnier if you went back to 2020! Why give this guy any attention or viewership. He's as stuck in his own head as someone waiting for markets to collapse for years and years. You cannot change his opinion, even though he has to constantly adjust his targets to justify his opinion...a virtuous cycle with no end in sight! Cheers!

100%! Just silly. Cheers!

I only see Ajit staying around as long as Buffett is around. That relationship is incredibly unique! I also think Todd Combs leaving says something about how eager or important it was for some of these guys to work specifically for Buffett. Cheers!

I think their point was that if he issues that much stock, he's going to dilute the hell out of the company and take on a huge amount of debt. Also, the assumption is that Ebay shareholders will approve the deal for essentially paper in a company worth a lot less carrying $20B in additional debt. As he said..."we'll see!" Cheers!

Why is this so hard for you guys? Is it because you don't like leather jackets? Why can't he issue 500%, 600% stock? He said he was going to do something crazy a few months ago and buy something totally game-changing...unbelievable...and now it's obvious what he was trying to do! Gamestop plus Ebay...Amazon killer! I just don't understand how you guys can't see the vision here. Cheers!

Thought they might be able to pull it off after that game 6...no such luck! At least the Habs are still in the playoffs. Cheers!

I think he's just trying to boost his rating! Cheers!

Blake, you do know that the whole world lived through the Pandemic...not just some WSJ journalist. Everyone was watching, reading, living through it. We all know what happened...how we avoided something far worse than what we actually experienced...contrary to what the MAGA/vaccine nutjobs keep arguing about! But the suggestion that many on here don't know how close or bad things were is just silly! Really, you are talking down to people who not only understood the gravity of the situation, but many of us took huge advantage of the fear in markets. That was your once in a generational opportunity...did you take advantage of it? It was like buying condos in Nevada, Arizona and Florida during the GFC...you would make a killing for the next 10 years buying any sort of residential real estate! Since January 2020, I've compounded at nearly 39% annualized over the ensuing six plus years and I didn't just buy Fairfax. It was the first time in my life I used leverage and borrowed off my HELOC! Did you even buy any stocks at that time or the ensuing year later where things were still very cheap? Munger put 90% of the cash in the Daily Journal into three stocks right at the bottom of the GFC! The Daily Journal has not worried about money since, even when Munger put a huge chunk into BABA! There's an old saying...you are very intelligent and must have heard of it..."You can lead a horse to water...!" Cheers!

Blake, forget the stock market...start a podcast on this stuff, put it on Youtube, and you will make a fortune scaring the shit out of the general public. You'll be richer than anyone on this message board, can make your arguments all day without any supporting statistics, and never have to invest in the stock market until the black swan event occurs! Just don't waste your time not making ANY money...whether its avoiding the stock market or wasting your research/data on the naysayers. There is always a way to turn lead into gold! Cheers!

Yeah, I would throw Markel in there too! These are very good, solid companies that are diversified and will probably outperform the index long-term. Honest management, shareholder friendly and less than half the P/E's of the S&P500 while holding tons and tons of cash in each of them. For people worried about the S&P500, this is more similar to 2000-2003 than the GFC. You may see undervalued stocks do perfectly well like BRK and KO did, while the very overvalued stuff comes down to reality. The entire S&P500 isn't overvalued! Then and when the S&P500 corrects, someone like Blake should put a quarter of his portfolio into it, while keeping another quarter in cash, and the remaining 50% in those three companies above. And then he should just ignore it for the rest of his life and post on here all he wants about politics and economic threats, and tell 73Reds, Cubs and Greg to suck his big one! Blake, you would be a rich man in 30 years, ready for early retirement and you wouldn't have to look at another stock again! If I could go back in time and tell my father something...it would have been to buy as much BRK, MKL and FFH he could instead of the real estate he bought. It wouldn't matter nearly 50 years later that the 1970's Oil Embargo happened! Wouldn't even matter that interest rates spiked in the early 80's, 1987 October Crash happened, 9/11, Hong Kong reverted back to China, Tech Bubble Burst, Iraq War, GFC, China becoming a super-power, the Pandemic, Russia/Ukraine, Trump got a second term, Closing of the SOH, or 227 on the Buffett Index today! My father, then my mother, and finally me and my brother would be wealthy 20, 30, 40 years later and probably a large fortune today. Not that I'm complaining...I have nothing but gratitude for what I do have...but the would have, could have, should have might bite you in the butt! Cheers!

I would ask even over 10 years! Cheers!

Blake, you can spout all the "Buffett" homilies you want, but you are not in the same position as Buffett. His investment world is a tiny, tiny fraction of what is available to you. He also said if he was managing a million dollars, he would always be fully invested and could do a 50% annualized return. Are you aiming for 50% annualized? Are you running a massive insurance company that uses float and debt as leverage? No to both! You also don't have to buy the market, so your returns will not necessarily be correlated by it. I'm not saying you have to go 100% in, but the amount of time spent debating whether markets are overvalued, would be much better spent just looking for one or two great ideas and allocating a portion of your portfolio into those ideas. If anyone can tell me they couldn't find at least two great ideas at cheap prices since the beginning of the year...well, they either aren't trying hard enough, don't know what they are doing, or are simply psychology at a disadvantage when it comes to investing in the market and should probably avoid it or buy ETF's. Plain and simple! Cheers!

Agree! I just put the data out, because it's from a source that honestly isn't simply trying to make a buck. What people do with that data is their choice. I'm 95% invested right now after accumulating 30% cash just in the last month...and being nearly fully invested another month before...and almost 50% cash in trading accounts at the beginning of the year. I don't think I've had this much opportunity in short order since October 2008. And that was a very volatile period where markets were dropping 5%, 8% a day every other week! In the last two months, I've managed to average in at nice very low teen P/E's or even single digit P/E's into a bunch of stocks/LEAPs with solid balance sheets, generally leaders in their areas, or increased ownership in insurance companies I've owned for ages. Always opportunity for the investor when the world panics! Cheers!

Gary expecting a market correction and recession possibly by year-end. Gary's not always right, but he is a very nice guy. So his comments are always in earnest! Take what you will from the data. Cheers! https://finance.yahoo.com/economy/articles/top-economist-gary-shilling-says-092001808.html

Overweight a bit actually! Both my actual weight and FFH! Most of the significant overweight is in the trading accounts. Right-sized pretty much in the non-trading accounts. Cheers!