Jurgis

1. See if I can outperform SP500 long term. 2. Learn what makes good/great companies/managements. 3. Invest in interesting companies that make positive contributions to this world. Printing tons of greenbacks is good enough too - most of the time. 4. In terms of financial target, I'm gonna join "independence" train. 8)

Partially OT. If someone does a snowbird thing or just plans to live in one place more than couple months a year, AirBnB probably is not great. Also if they want to setup their house/place the way they like with their things/books/etc. OTOH, IMO upkeep is a hassle and that's why I would not want to have multiple houses and would go with frommi approach. 8)

Fair enough. You got me. I have to admit that if I wanted a plane, I'd want "The Indefencible". Actually even a bit more range than that...

Screw modesty. "Smiling next to Oprah and the Queen!"

What did you do, grab value line book and start in the 'F' section? It was the 1,245th page in the ten-bagger thread that finally convinced me. You're way behind. It's on the 1249th page now and boy that has improved the arguments.

https://en.wikipedia.org/wiki/Expert_system

This sounds like it doesn't need AI, but maybe I don't know. Shouldn't you just write a series of if-then statements to check if someone's account is accessing records they are they don't need? Sounds like they are using fancy words to scare people. It's not as trivial as you suggest. For clear cases, you just have access control, you don't need if-then statements. But there's a lot of situations where access control does not work and if-then statements don't either. Is the nurse accessing patients' records five times a day checking that his temperature is OK or is she checking out a sexy guy's disease info and telephone number? Is a specialist accessing data of a patient that they saw three days ago checking whether they correctly entered the info or are they trying to preempt some error/negligence they made? You can't just access control these, and you can't just flag them all since you gonna get too many false positives. So you run fuzzy, statistical systems on the data. And you can call them AI since it is really what AI has been for ages. It might not be DNN, might not even be ML, but sure it's AI. BTW, when you say "if-then statements" - if it's a rule based system, that's AI too. ;) And this stuff has been used for similar use cases - like fraud detection - since 1990s if not before. (In general, if it's in Russell and Norvig, then it's AI https://smile.amazon.com/dp/B00I2XV9IY/ref=cm_sw_em_r_mt_dp_U_ntK3CbQ0M8RP3 8) )

After a drought of offers in 2016-17, I'm now getting a bunch of open-cc-get-$500 offers that I'm too cheap to refuse. ::)

Yes. I get Barron's paper version for airline miles. One drawback is that it's probably supposed to include online access, but there's no straightforward way to get it. The information for online signup is not available when you get it for miles. It might be possible to call the sub department, but it's likely a huge hassle and they might not even come through with solution. The other caveat is that Barron's (and WSJ) only allows new customers when ordering using miles. So you kinda have to swap to your significant other if you want to order using miles more than for single year. Finally, order with miles can take up to 2 months to process. Yes, it has taken that long for one order I made. So you either have to reorder 2 months in advance - and then you might be getting 2 copies for quite a while if they come through fast. Or you order upon expiration and you don't get a copy for possibly 2 months. Anyway, it is a possibility... 8)

Okay, so I am a non-practioner and I do tend to be slightly paranoid (okay, maybe exceptionally paranoid). I mostly don't hesitate to install apps from the Google Play store, or from the Apple iTunes App Store, or add-ons or extentions officially sanctioned by Crome or Firefox. But, installing a 3rd party app that happens to be on GitHub? Nope, I'm a bit too paranoid for that. I use my browser to log into my financial accounts, so I have a certain discomfort with installing apps that are not vetted through the major channels. I have no idea what those apps do and what they don't do. Is there spyware on them that will steal my brokerage and online banking passwords? Do you have any reassuring intel? I don't mind Outline because when it's run in Chrome, it's sandboxed. But who has gone through the Bypass-Paywalls app to ensure it's okay? I will admit to being paranoid, but there are a few people on this site who are trying to protect their assets. SJ I don't look a gift horse in the mouth, if you're that paranoid go buy a subscription. Just read what the author says in his doc on requesting new sites: Which seems to indicate that the extension just pretty much automates the above process. And if you don't want to use the extension, then you can just use this process manually. Caveats: - It's possible that the author uses custom approach to some sites and the manual approach won't work. - I have not looked through the code, so no guarantees of what the author does. Edit2: I've now read through some of the code. The author does some custom stuff for big-name sites. So the manual approach he suggests to try before asking to add a site may not work for big-name sites (like wsj.com, barrons, etc.). I did not read/understand all code, so I can't guarantee the author does not do anything nefarious. 8) Edit: I have online library access to Morningstar. I had online library access to Barron's in the past. Online library access to Morningstar is pretty OK although it goes down sometimes. Also recently it seemed to remove access to M* analyst reports - clicking on analyst report throws me out to premium subscription page. Online access to Barron's was iffy when it was available. It went through some commercial service that required searching for individual articles and then the articles were produced as PDFs rather than granting access to Barron's online site. Plus some sections of Barron's were not made available. So it was iffy and not worth the savings. Later on, the library discontinued Barron's access completely. So to summarize: library access may not be a perfect solution and may not be worth skipping subscription. YMMV.

"Don't gamble; take all your savings and buy some good stock and hold it till it goes up, then sell it. If it don't go up, don't buy it." - Will Rogers.

There’s a famous quote from George Bernard Shaw that goes “those who can do, those who can't teach.” It’s a fairly commonly held notion among Americans, and explains well the general lack of respect for teachers in this part of the world. Anyway, I think that is one of the deep reasons why people around here like to make fun of people like Tilson, whom many regard as a stereotypical “teacher” of the investment world. There's a cultural idiosyncrasy involved that may be hard to understand from outside the US. :) I don't agree with that saying. And I did not think negatively about Tilson's previous pursuit of workshops and teaching. However the latest ad was really sleazy selling of questionable advice. Which may not warrant a thread, but probably warrants making fun of. "The prophet of profit!" - nah, this is already © Nef Anyo.

It's interesting that Todd and Ted were not at the meeting. Or at least they did not admit they were there... ::)

Just FYI my Firefox does not load video in this. Opera does.

Being from South Florida, snow on the streets is a bit of a foreign concept to me. However, from an engineering standpoint, reading about your city's snowmelt system is fascinating. I wonder what the cost advantages (if any) are in terms of developing/maintaining the system vs. traditional plowing and salting. It's a very interesting system and there are many hard to quantify aspects of the snowmelt as compared to salt and plows. 1. This is used extensively in our historic downtown shopping district. 2. the lack of snow makes for a perfect outdoor shopping experience 3. there are now year-round runners who use the area creating more foot traffic in the shopping area. 4. Salt destroys both cars and shop floors 5. plowing can really rip up a downtown streetscape will all the paver crossings, curbs, and parking slots. Also, you probably saw this but all the hot water comes from waste heat from the municipal-owned NG power plant so the ongoing cost is negligible. I don't have a good ROI timeframe on the initial install which as you can guess is extensive and is only done when you are ripping up everything and replacing a lot of old infrastructures. They installed the first section in the late 80's and as far as I know, haven't had to do any serious maintenance. I wrote a blog post about the engineer who had the vision for the system if you are interested. https://www.sethgetz.com/2019/01/a-tale-of-two-cities-and-businesses.html Pretty amazing story. 8)

His aunt is married to master Yoda.

I've heard there are people and orgs who swear by Slack. We have not used it and likely won't use it (even though some people want it), since we have started using Microsoft Teams. Partially OT: I don't understand Microsoft plans regarding Skype-for-Business and Teams. They seem to be almost the same products, maybe SfB being a subset of Teams functionality. I guess they just have competing teams (pun intended) and can't kill one of these products. (It's also really funny that MS Teams has only subset of Skype emojis... with no rhyme or reason which ones they have ... like wth can't they just port all Skype emojis to Teams...)

What's the reason to overcomplicate things? If you decided you need 75%/25%, just move 25% to bonds. If you want to do it gradually, just make a plan and do it gradually.

;D Dad, I really really just became a millionaire... ... I started with 10 million and invested in Canadian O&Gs, some promising biotechs, even more promising techs, couple airlines, IBM, and triple index tracker.

Hear, hear. There's a lot of ownership bias in looking at these situations too. If someone owns debt, they usually clamor for creditors getting more. If someone owns equity (or thinks to invest in equity), they clamor for no BK or equity holders getting more. Since most people on CoBF tend to own equity, there's at least some pro-equity bias. But, as you say, even if someone tries to be 100% fair, it's not easy to do that without knowing the future.

Oddball - great to hear your thoughts again. I've been looking at/involved with some pre-revenue companies and it's great to hear about the VC funding situation. I agree with Spek regarding valuations and quality of IPOs.

https://www.vox.com/future-perfect/2019/4/17/18301070/openai-greg-brockman-ilya-sutskever - Quo vadis Open AI.

IMO including biotechs into any kind of "tech" P/S calculations makes no sense. Biotechs IPO at infinity P/S all the time. That's the game in bio town. Not that we can't expect 50%+ drops from IPO or post-IPO+++ prices. Look at STNE today. Might get to 50% off the top. Disclosure: I am long STNE.

You've got to meet Mr. Big? Ask him about Maxim models and Saint-Tropez cafe.

http://fortune.com/longform/ai-drugs-pharma-pharnext-cmt/ - somewhat fluff piece, but covers the issues of going from gene-disease mapping to actual drugs that may treat a disease.