AzCactus

Thanks...Possibly the most selfless post of the day :)

Thanks for doing this research. Very much appreciated :)

It looks like the bottom line (thus far) is that about 44% of the people find the event too far or haven't attended before....With an event this size it might be possible for someone curious to contact members and see what they specifically say. My hunch tells me that there are WAY more board members than actually attendees of this dinner.

Two main takeaways for me: 1. Don't make your largest holding an 85% position (123 mm/145 mm) This math is not precise but either way this position appears to have been well north of 60% 2. Don't invest in companies that are irresponsible or otherwise have too much debt. Best of luck to this guy. Hope he bounces back.

At least this part in bold is free.

FAST

I"ll second that please.

I'm not really into politics but it sounds like most people would be better served using their mental energy for other endeavors.

I'm probably missing something here but isn't 2907 days about 8 years. Does this assume he gets re-elected after less than a month in office ?

I get that this is the general discussion thread. That said, what's the point ? We already know that he's in office. Can't we all just get along and accept it...I would be interested to see if a similar thread existed for Obama during either of his terms.

As food, I think anything at Mcdonalds is a cigar butt.

I wasn't 11 but I was 18 so not much of a 10 year track record. Though given how poor I was at 18 my net worth has zoomed up quite a bit :)

Yes, the DOW will increase 50% at some point in time. It may also drop 50% to 10,000 also.

Guys, I thought this article was pretty interesting. I am not too big into politics but a pattern that goes back to World War II grabbed my attention. https://www.bloomberg.com/news/articles/2016-12-21/republican-presidents-and-recessions-a-pattern-trump-would-like-to-break

I don't think that you're necessarily a bad capital allocator. May somewhat inefficient. But so what? Strip malls and parking lots exist because they are efficient (read cheap) but they're ugly as balls and make your life worse so in the end not such a good thing despite efficiency. Yes maybe you can leverage your house and use the extra funds to make some smart investments and in the end you'll end up a bit richer. Bu then you'll have to monitor and balance your leverage, etc, basically more headaches. Alternatively one can be less capital efficient, have peace of mind, enjoy life and have no worries regarding having to put one's home back to the bank or not. What if you get rich enough and don't need the extra funds? Wasn't that a waste of time? This +1

Debt generally adds risk. Maybe not so much at that interest rate. But that rate probably won't be available forever. Furthermore, debts such as credit cards and student loans can be a huge burden and in some cases never get paid off. There are reasons that banks have very nice buildings and most people have a pretty negligible net worth.

My thought at a quick glance is that you have a company with solid management, a more conservative culture financially and a focus on the long term. While I don't have a position it seems to check a few of the more important boxes.

I thought this was worth sharing : https://www.bloomberg.com/news/articles/2016-11-30/opec-said-to-agree-oil-production-cuts-as-saudis-soften-on-iran

I think another important item here is your age. Someone at 25 years old with a net worth of $250K is likely in better shape than someone who is 65 with a net worth or $1,000,000

BAM, CMPR, MKL and UA

Or I could find one I love and we could share our stuff. I like my idea a tad better.

This is more general but I know that different cultures have different traditions and that's fine. However, spending more than you have or parents contributing more than they probably should is still not a good idea. I think it was De Beers who promoted spending two months' worth of income on a ring, there are wedding lists so large that people don't see each other and most weddings are over fairly quickly. If you are affluent (or have parents who are) that's fine but lots of people have a big hole in their pocket and a 50% chance of having nothing to show for it. Just one man's opinion.

I was just reading through the transcript from the annual meeting a few weeks back and got to thinking what would happen if we all adopted Buffett's diet. My opinion Coke stock would rise. Diabetes and obesity would rise at an even faster rate and those who make vegetables maybe in trouble.

One of the things that I like about this forum is that people can/should think for themselves. I think most of us would say we aren't lemmings. So if Gio or anyone for that matter posts something it really only expresses their opinion. If he was wrong about Holmes or VRX who cares....we are all adults and should make decisions accordingly. Just my two cents.

Anything new here?