Jurgis

https://on.acm.org/t/algorand-a-better-distributed-ledger/374 This is public service announcement for interested. I have no expertise in the area and the quality of this research/claims. ACM webinars are usually boring.

Why not get Morningstar for free through your library (if you're in US)? Does Gurufocus have stuff which is worth it?

Almost every Western country has investor immigration program. US does. Australia does. NZ does. Maybe Canadian one is easier to deal with, but my guess it's not the main draw for Chinese to Canada. My guess it would have been the other reasons mentioned, easy (?) entry after Hong Kong reverted to China, large communities to join. Not sure why US is less attractive. Perhaps a bit tougher entry/immigration. There's clearly a lot of Chinese immigration, education-based entry and RE purchases in US, but still seems way less than Canada. And way less (almost none) RE price bubble based on Chinese RE purchases. There's a bunch of Chinese RE purchases in US, but seems nothing as big as in Canada.

Unless they develop Google finance the same way Yahoo Finance was developed last couple of years. Which was basically make it more unusable. We'll see I guess. Mostly though it seems that companies are just killing the API/programatic access to finance data. Microsoft/MSN data access in Excel was killed. A lot of Excel SMF Add In data accesses through various sites/companies are dead or half dead.

Mutual funds can have incentive fee structure. And there are (mutual fund?) managers who reimburse fees like Chou. (The whole "incentive fees not allowed for hedge funds for retail investors" is weird although I kinda know where it came from.)

https://www.nytimes.com/2017/09/21/opinion/get-rid-of-equifax.html https://www.washingtonpost.com/news/posteverything/wp/2017/09/21/why-didnt-equifax-protect-your-data-because-corporations-have-all-the-power/?utm_term=.5490bc39bcf8

Sex, drugs, and rock'n'roll. also bajillions of bucks, CoBF, fame, Internetz, superpowas, youth, vintage youth, exploding kittens, Instagram, cheese and good night's sleep.

Point taken: spend less more quality time on CoBF. 8) ;D

This was discussed before, try to search. Can't be done in tax-deferred accounts IIUC. Even in taxable accounts, your tax reporting goes pro+complicated IIRC. There were some other caveats that I don't remember. Might be best for hedge funds?

Canadians invented everything: https://en.wikipedia.org/wiki/Murdoch_Mysteries Maybe not direct fit for this thread, but sometimes it's really funny - and we have a lot of Canadians on board. :D Short summary: detective Murdoch and colleagues in Toronto around 1900 invent everything: sonar, manned flight, electric car, digital pictures and their transmission, lie detector, etc. There's even an episode where they discuss investments to widows and orphans fund and decide to go with Coke, Ma Bell, IBM (?), GE and other great investments. ;D Go Canada! 8)

Crappy formatting. Not sure how to make it better.

The articles I saw said that this person had 10+ years experience in industry in security field. Apparently this person indeed had a history of working in cyber security. HOWEVER, how does one go from a background in music composition straight into cyber security, and relatively high level positions at that? I guess it didn't work out none too good...as the results show. Why was this person allowed to retire? How come no C-level executives get FIRED? (or relatively few)? Why is the CEO not fired? Finally, if this CIO is eminently qualified, why the coverups & scrubs of the situation? I won't defend the CIO or any other Equifax executives. I think they should have been fired and the consequences to company (and possibly executives) should be way harsher than they are expected to be. However, I find it ironic that we had majority of CoBF dissing formal education and advocating pursuing careers/livelihoods without any formal education in various fields. But now we have complains when someone apparently did exactly that... 8) Maybe I'm not being fair to you though. Peace.

The articles I saw said that this person had 10+ years experience in industry in security field.

Realistically all three credit agencies just don't give a f&*k. Same for other financial institutions. And that's where we are and gonna be. FYI questions unanswered: https://www.nytimes.com/2017/09/12/your-money/equifax-fee-waiver.html Yeah, I'm afraid this thread is gonna turn into politics thread

Color me skeptic. Likely nothing will be done, nothing will be changed, Equifax settles class action for pennies and that's pretty much it. Do you guys really think that govt can push through a reform? Or that credit bureaus + financial companies will try to change the credit check solution voluntarily?

My drones will contact your drones. 8)

I have played bridge in the past. Not very well. Might be fun to play it again, but don't have time. On the other hand, I'm either too tired to deep think in the evenings or if I'm not tired, then I might as well do investing/work/courses/etc.

I'd guess the difficulty is not finding the cannibals, but rather distinguishing the value building ones from value destroying ones... in foresight and not hindsight.

Is there anything interesting in this book beyond the "platforms"/"ecosystems" vs. products spiel (that I personally find quite old news)? I tried to look inside book on Amazon, but they only give the intro/chapter with worn out Nokia/RIM example... ::)

I would suggest Ad Blocker (ABP?) and Privacy Badger. But maybe Sanjeev is gonna object that I am depriving him from revenues. 8)

For people who cannot (for whatever reasons) do individual stock investing, I often suggest Graham approach for "defensive" investors (chapter 4 of Intelligent Investor): stock/bond portfolio with allocation varying from 75%/25% to 25%/75% based on whatever reasons (valuation/macro/whatever). It's likely that most of these people would be better off with even more restricted Graham: 50%/50% or classical asset allocation 60%/40%. But if someone wants to play with market, the 75/25-25/75 swings may satisfy their hunger for "active investing". (BTW, what the heck you do when both stocks and bonds are overpriced? I guess still the same... 8) ) I don't suggest racemize's 100% stocks, since people who ask for suggestion usually are afraid of stock market (or its valuation) already. Then 100% is just a recipe for either them not listening to me at all or for buy-high-sell-low-never-again disaster IMO. I don't have any results of these suggestions though. I think most people don't listen to me anyway... 8) Personally I have been at ~80/20 since ~2009-2010 or so, with 20 in cash and not bonds most of the time even. Yeah, I think now that I shoulda gone racemize 100% but I can't say I am unhappy with where I was/am. FWIW.

Above thread without any hindsight:

There was a thread on this already and Nate/oddball pretty much said that it varies and it could go from "info freely available to anyone on website" to yours "file papework, sign NDA, get crappy info maybe".

I haven't read the book, so also not certain what level his comments about were loneliness were either, but I can attest that it can occur at levels of wealth significantly below that. It's probably not simply a function of wealth - i.e. loneliness of having no friends who can afford to do the same things as you (which is something I'm newly starting to experience at levels significantly less than $1). You can also get intellectual loneliness from not having like minded peers to discuss opportunities/investments/businesses etc. with. Hardly any of my friends care about entrepreneurship, running their own businesses, investing, etc. They all think about the world differently and think a lot of what I do is absolutely nuts to them. It actually gets really frustrating sometimes to attempt to discuss these things because it's almost as if we're speaking two different languages - they don't get me and I don't get them. I have about 4 friends that have similar levels of interest in wealth/investing/entrepreneurship/etc. It took me 10+ years to accumulate that many and none are local. Maybe that says something about my networking skills - but, I certainly understand the loneliness trade off from the intellectual capacity. (I have since read the book and the loneliness is barely mentioned there, so I think loneliness discussion should perhaps be moved to a separate thread if it continues). Ah, but what you describe is not a function of wealth. It's a function of ... not being mainstream, perhaps. Plus perhaps being introverted and/or having not great networking skills and/or being busy and/or having family and/or other factors. I can't really say what factors are biggest contributors for you. I agree that finding "true friends" is very hard. Maybe it's not hard for some people, but it is for me. If I guess that you're "not mainstream", then I think I'm probably 4x less mainstream. 8) And I have perhaps 2.5 true friends, one of whom is my wife and another one is non-local which completely sucks. This is not to say that I can only talk to 2.5 people. I can talk to a lot of people. And with some of them I possibly could talk hours and possibly even become closer/truer friends. It's just that somehow that does not happen much/often/enough. And yeah there are also tons of people with whom discussions are mostly boring or not matching my views/interests/etc. And sometimes I think the same way you do "almost as if we're speaking two different languages". I mostly don't try to talk to them about things that they are not interested in or have a strong but possibly completely messed up point of view about. So we end up talking movies at best and weather at worst. Anyway, for me none of the above is caused by my wealth or the wealth of people I talk to. For me the loneliness factor is mostly being non-mainstream (with a lot of interests that separately may not be super rare, but in conjunction end up being quite a tough match against what other people are interested in), being not American (cultural milieu matters a lot IMO), being somewhat introverted (depends on situation), being somewhat stuck up with my opinions/viewpoints, being somewhat antisocial (which is different from being introverted IMO - social/antisocial is more about going way out to set up opportunities to socialize with whatever social circle you socialize with), being busy, being not knowledgeable enough in some topics and not interested in deeper knowledge in other topics. Not wealth at all. Maybe you feel differently and you think that wealth is a factor of loneliness for you. BTW, from the book Felix seemed to have had at least 4+ friends, so ... par for the course? 8) Take care 8)

Isn't Rocketfinancial another alternative to Dataroma?