AzCactus

BROS

I know Buffett is pretty old but as I'm watching this it sounds like he keeps smacking his lips like he has dry mouth or something. Anyone else noticing this?

I don't think any responsible adult is counting on social security. It's a bonus but shouldn't be that's all.

Trimmed about 30% of my SMAR position

Probably just wanted to copy Warren

According to this article https://yalehealth.yale.edu/yale-covid-19-vaccine-program/who-should-and-shouldnt-get-covid-19-vaccine the only folks who shouldn't get vaccinated are those who might be allergic to one of the ingredients. Not sure what % of the population meets this criteria.

The other point that I think is relevant here is obesity. The article below indicates that the risk of death from Covid-19 is about 10 times higher in countries where most of the population is overweight. While I am admittedly one of the dumbest people on this forum the numbers seem to indicate that if you are younger than 40/50 and not overweight you are most likely not going to die from covid. Again, Covid sucks and I hope everyone stays safe. It just isn't sound logic to infer that people should get a vaccine if it doesn't benefit them. I think there's a cohort of folks here who seem to think everyone should be vaccinated and I don't understand the reasoning. https://www.cnn.com/2021/03/04/health/obesity-covid-death-rate-intl/index.html

Hi SouthernYankee, please don't take any offense. That argument would be ok if your choice in not taking the vaccine had no impact on others...say like getting a stent put in or not, because you have a clogged artery, or not getting chemo because you have cancer. But this is far more impactful and detrimental than even second hand smoke in how you affect others around you...unless you stay in your home locked up and never seen anyone again. I think that is the main point anyone in favor of inoculation is making...not the statistics, politics, etc. Simply that the more people vaccinated, the less likely vulnerable people will die from Covid by being exposes to others. And we've seen how variants are affecting younger, healthier people...so it is no longer just the old and immune compromised anymore. Cheers! Agree with Southern Yankee. The stats generally point to older folks (65+) or those with pre-existing conditions being the most vulnerable. It may sound selfish but if you are vulnerable the onus is on you to protect yourself. The overwhelming majority of young people recover pretty quickly (less than 2 weeks from Covid). In the US a country of about 320 million (fairly large sample size) only 8000 people under 40 have died according to the CDC. The covid vaccine was rushed to market for obvious reasons and nobody can be sure what effects if any might exist long term. If there was more science/data to support getting the vaccine I probably would. However, when the average FDA approval takes 4-8 years depending on the source to reach stage 4, I think I have a right (maybe an obligation) to be skeptical of a vaccine that went through all the steps in under a year. Stay safe and healthy--your body, your choice. Generally vaccines take that long because of limited dollars and extensive volume trials. But this was a pandemic and they essentially threw unlimited resources at it and fast-tracked emergency approval guidelines on clinical trials. In other words, the possible side effects and risks, were outweighed by the risks and deaths from not using the vaccine against Covid. You now actually have far more data, which has been extensively analyzed by experts around the world, than any trial would provide...and the results are the vaccines are effective and have limited side effects. Regarding age...some of the new variants are having a greater impact on those between 30-50, including higher mortality. So just because one variant affected older and immune compromised patients dramatically, doesn't mean a new variant could not pose a threat to the healthy and younger subgroups. And we know that the current vaccines are having some protective effect against some variants. Will that last...we don't know...but so far it is working. Cheers! Regarding the vaccine and side effects...in the short term sure you may well be right. In the long term we have no idea because the vaccine has not been used that long. Regarding age....no idea where you are getting those figures from. The deaths quoted above are directly from the CDC. Also, I find it unlikely that a new variant would do more hard to younger people with stronger immune systems than older people. In the US, doing the rough math 8000 deaths in the age bracket cited above while tragic comes out to about 22 people under 40 per day. Hardly worth rushing to get a new vaccine in my opinion. Type "Covid variants young people" in Google and you will find tens of articles discussing how some new variants are making young people sicker and even increasing mortality rates. Cheers! I did as you suggested and looked that up. Really saw articles saying what "could" happen. The reality which is what we know is that based on the facts younger people are basically not dying here. This is like someone suggesting a stock and saying google "buy name of company". Again, I say lets look at the reality-22 people a day in the United States---very sad but hardly an extraordinary number. https://www.wsj.com/articles/coronavirus-variant-in-u-k-probed-for-increased-risk-to-younger-people-11611661304 https://www.cidrap.umn.edu/news-perspective/2020/12/data-reveal-deadliness-covid-19-even-young-adults https://interestingengineering.com/uk-study-shows-new-covid-19-variant-spreads-faster-affects-younger-people https://www.aljazeera.com/news/2021/2/15/uk-study-finds-kent-variant-may-be-70-more-deadly Just a few found in minutes. Cheers! I think the article that will really trump the four provided: https://www.cdc.gov/nchs/nvss/vsrr/covid_weekly/index.htm Again, when dealing with reality, in the US with a population of approx 320 million people, it's pretty clear that younger people recover from Covid. To the extent the new strains "maybe" more deadly that clearly has not been reflected in the actual death rate in the US yet. I'm not saying don't be careful and act smart. But it's my belief that one can act smart without taking a relatively new vaccine. Cheers!

Yes Southern Yankee is on one

Hi SouthernYankee, please don't take any offense. That argument would be ok if your choice in not taking the vaccine had no impact on others...say like getting a stent put in or not, because you have a clogged artery, or not getting chemo because you have cancer. But this is far more impactful and detrimental than even second hand smoke in how you affect others around you...unless you stay in your home locked up and never seen anyone again. I think that is the main point anyone in favor of inoculation is making...not the statistics, politics, etc. Simply that the more people vaccinated, the less likely vulnerable people will die from Covid by being exposes to others. And we've seen how variants are affecting younger, healthier people...so it is no longer just the old and immune compromised anymore. Cheers! Agree with Southern Yankee. The stats generally point to older folks (65+) or those with pre-existing conditions being the most vulnerable. It may sound selfish but if you are vulnerable the onus is on you to protect yourself. The overwhelming majority of young people recover pretty quickly (less than 2 weeks from Covid). In the US a country of about 320 million (fairly large sample size) only 8000 people under 40 have died according to the CDC. The covid vaccine was rushed to market for obvious reasons and nobody can be sure what effects if any might exist long term. If there was more science/data to support getting the vaccine I probably would. However, when the average FDA approval takes 4-8 years depending on the source to reach stage 4, I think I have a right (maybe an obligation) to be skeptical of a vaccine that went through all the steps in under a year. Stay safe and healthy--your body, your choice. Generally vaccines take that long because of limited dollars and extensive volume trials. But this was a pandemic and they essentially threw unlimited resources at it and fast-tracked emergency approval guidelines on clinical trials. In other words, the possible side effects and risks, were outweighed by the risks and deaths from not using the vaccine against Covid. You now actually have far more data, which has been extensively analyzed by experts around the world, than any trial would provide...and the results are the vaccines are effective and have limited side effects. Regarding age...some of the new variants are having a greater impact on those between 30-50, including higher mortality. So just because one variant affected older and immune compromised patients dramatically, doesn't mean a new variant could not pose a threat to the healthy and younger subgroups. And we know that the current vaccines are having some protective effect against some variants. Will that last...we don't know...but so far it is working. Cheers! Regarding the vaccine and side effects...in the short term sure you may well be right. In the long term we have no idea because the vaccine has not been used that long. Regarding age....no idea where you are getting those figures from. The deaths quoted above are directly from the CDC. Also, I find it unlikely that a new variant would do more hard to younger people with stronger immune systems than older people. In the US, doing the rough math 8000 deaths in the age bracket cited above while tragic comes out to about 22 people under 40 per day. Hardly worth rushing to get a new vaccine in my opinion. Type "Covid variants young people" in Google and you will find tens of articles discussing how some new variants are making young people sicker and even increasing mortality rates. Cheers! I did as you suggested and looked that up. Really saw articles saying what "could" happen. The reality which is what we know is that based on the facts younger people are basically not dying here. This is like someone suggesting a stock and saying google "buy name of company". Again, I say lets look at the reality-22 people a day in the United States---very sad but hardly an extraordinary number.

Hi SouthernYankee, please don't take any offense. That argument would be ok if your choice in not taking the vaccine had no impact on others...say like getting a stent put in or not, because you have a clogged artery, or not getting chemo because you have cancer. But this is far more impactful and detrimental than even second hand smoke in how you affect others around you...unless you stay in your home locked up and never seen anyone again. I think that is the main point anyone in favor of inoculation is making...not the statistics, politics, etc. Simply that the more people vaccinated, the less likely vulnerable people will die from Covid by being exposes to others. And we've seen how variants are affecting younger, healthier people...so it is no longer just the old and immune compromised anymore. Cheers! Agree with Southern Yankee. The stats generally point to older folks (65+) or those with pre-existing conditions being the most vulnerable. It may sound selfish but if you are vulnerable the onus is on you to protect yourself. The overwhelming majority of young people recover pretty quickly (less than 2 weeks from Covid). In the US a country of about 320 million (fairly large sample size) only 8000 people under 40 have died according to the CDC. The covid vaccine was rushed to market for obvious reasons and nobody can be sure what effects if any might exist long term. If there was more science/data to support getting the vaccine I probably would. However, when the average FDA approval takes 4-8 years depending on the source to reach stage 4, I think I have a right (maybe an obligation) to be skeptical of a vaccine that went through all the steps in under a year. Stay safe and healthy--your body, your choice. Generally vaccines take that long because of limited dollars and extensive volume trials. But this was a pandemic and they essentially threw unlimited resources at it and fast-tracked emergency approval guidelines on clinical trials. In other words, the possible side effects and risks, were outweighed by the risks and deaths from not using the vaccine against Covid. You now actually have far more data, which has been extensively analyzed by experts around the world, than any trial would provide...and the results are the vaccines are effective and have limited side effects. Regarding age...some of the new variants are having a greater impact on those between 30-50, including higher mortality. So just because one variant affected older and immune compromised patients dramatically, doesn't mean a new variant could not pose a threat to the healthy and younger subgroups. And we know that the current vaccines are having some protective effect against some variants. Will that last...we don't know...but so far it is working. Cheers! Regarding the vaccine and side effects...in the short term sure you may well be right. In the long term we have no idea because the vaccine has not been used that long. Regarding age....no idea where you are getting those figures from. The deaths quoted above are directly from the CDC. Also, I find it unlikely that a new variant would do more hard to younger people with stronger immune systems than older people. In the US, doing the rough math 8000 deaths in the age bracket cited above while tragic comes out to about 22 people under 40 per day. Hardly worth rushing to get a new vaccine in my opinion.

Hi SouthernYankee, please don't take any offense. That argument would be ok if your choice in not taking the vaccine had no impact on others...say like getting a stent put in or not, because you have a clogged artery, or not getting chemo because you have cancer. But this is far more impactful and detrimental than even second hand smoke in how you affect others around you...unless you stay in your home locked up and never seen anyone again. I think that is the main point anyone in favor of inoculation is making...not the statistics, politics, etc. Simply that the more people vaccinated, the less likely vulnerable people will die from Covid by being exposes to others. And we've seen how variants are affecting younger, healthier people...so it is no longer just the old and immune compromised anymore. Cheers! Agree with Southern Yankee. The stats generally point to older folks (65+) or those with pre-existing conditions being the most vulnerable. It may sound selfish but if you are vulnerable the onus is on you to protect yourself. The overwhelming majority of young people recover pretty quickly (less than 2 weeks from Covid). In the US a country of about 320 million (fairly large sample size) only 8000 people under 40 have died according to the CDC. The covid vaccine was rushed to market for obvious reasons and nobody can be sure what effects if any might exist long term. If there was more science/data to support getting the vaccine I probably would. However, when the average FDA approval takes 4-8 years depending on the source to reach stage 4, I think I have a right (maybe an obligation) to be skeptical of a vaccine that went through all the steps in under a year. Stay safe and healthy--your body, your choice.

In Arizona anyone can sign up for a vaccine.

+100

They really should have just gave people vaccination checks instead of all this "do nothing" stimulus money. For some people that would be a huge incentive certainly better than Krispy Kreme :)

Why get inoculated for polio or hepatitis? Because the cost/benefit ratio is extraordinary. This can get ugly fast so let's not make quick judgement. Hopefully he makes an informed decision and that's it. It still his decision. Valuearb, I think asking why never is not an option is totally fair. In my age range, there have been 5485 deaths over the past year (per CDC). Whats more is that a lot of the people who die from Covid either have pre-existing conditions such as obesity, high blood pressure etc which I don't have. The average vaccine takes years to pass between different stages of the approval process. This one got approved in less than a year. Furthermore, in the US you have no legal recourse if there are long term effects from the vaccine. If you are eager to get the vaccine that's your choice, if I choose not to that's mine.

Why is never not an option here?

I'm not sure if others have seen this, but I think it totally confirms we are in a bubble that isn't super far (less then 18 months) from popping. This fund seems to invest in just about anything that has gone up substantially in value. For those interested I've included the link below: https://www.cnbc.com/2021/03/15/the-fear-of-missing-out-fund-shows-there-really-is-an-etf-for-everything.html Happy Monday Everybody

Also adding some costco here.

Does anyone know if there's a transcript available?

He's quoting Buffett so it's real now ::)

Totally agree with BG's point above. The risk has to be related to your overall net worth and your ability to grow your net worth organically. Take the two examples below: Person 1-30 years old Able to save 30K/year 50K net worth-all in stocks largest position is 40% While 40% is a huge position by most standards it's only 20K-this individual is saving that amount in like 8 months. So unless the position grew at a very high rate or he kept buying more this would become a smaller % of his net worth pretty quickly. Person 2-63 years old Able to save 50K/year 600K net worth-300K/stocks/300K in home largest position is 40% In this case, the individual has a position of ~120K representing 20% of his overall wealth as he nears retirement. If this position goes belly up it significantly changes his retirement picture. I'm in my early 30's and generally keep no more than 5% of my overall net worth in a single position.

1. Elon Musk becomes first Trillionaire in 2021 Would this not require Tesla to like 6X this year lol ?

BRKB SHSP AKREX AON PCG BOMN ESTC WORK INTC Mostly equally waited but BRK/AKREX are both above 15%.

I like the Titans too.