rkbabang

I tend to agree. I have a full block set of Henckels knives, but 2 or 3 of them get most of the use and I could probably do without most of them. I tend to use the 8" & 10" chef's knifes most of the time. I do use the bread knife often though, and the slicing knife sometimes as well. Also the tomato and cheese knives occasionally. OK, I think I just convinced myself you're wrong while typing this. That's me though, my wife just uses the paring knife for everything.

“who cares about a store of value?” Some people do. Gold has been used as such for a LONG time. Even today central banks hoard it. The BTC thesis is simple. BTC is going to largely replace gold as the preferred store of value (by people who care about a store of value), because it is superior in almost every way. On the way to stealing gold’s monetary premium it will increase in value significantly. And do to its deflationary nature it can take a lot of the bond/yield markets eventually too. You can disagree with this prediction, but I’m not really sure why people get so worked up about it. If I’m wrong I’ll lose about 1/3rd of my net worth (between BTC and MSTR), but I’ll be fine. However, if I’m correct…

Yes, I believe you. You are no Thomas Gresham.

My returns have been abysmal lately. My top positions are BTC, JOE, MSTR, and FRFHF in that order. I’m back to where I was at the end of October 2024. I don’t really care about short term results. Lumpy returns are fine. BTC (and MSTR) will recover and continue growing, JOE will eventually break out higher and, of course, Fairfax is going to be just fine long term. Why fret over short term returns?

He just dropped another song with Cris Webby and it's really good. Acoustic guitar, stand up bass, and trumpet.

Agreed. I’m happy to buy more at this price.

2 recent songs I’ve been listening to a lot. Another Ren track, I like the mix between blues, soul, and gospel in a modern retelling of the devil at the crossroads/Robert Johnson type story. Ren sings the part of the guy selling his soul and Chris Webby sings the part of the devil. And Sleep Token another genre blending artist. When that saxophone comes in at the end! Ren x Chris Webby, “Down The Road” Sleep Token, “Emergence”

Added a little to my TRRSF position today. Released great earnings and the stock goes down. I almost added more NTDOY, but re-thought it, I'm happy with my position size there.

Sold EBAY and T, and moved it into NTDOY and FRFHF.

Congrats! Spend as much time with them as you can, it doesn't matter what you are doing with them as long as you are doing something with them. Their childhood will go by in the blink of an eye. Teach them as much as you can about as much as you can. My kids are now in the mid-20s, but here's a post I wrote here when my kids were little on how I was teaching them about money. I'd still recommend this method, but obviously not for a few years if your's is just a baby. For now, just enjoy being a father.

All you need to do to completely understand international politics/relations is to imagine a world under anarchy with different Mafia families/criminal organizations (who get their money from shaking down the people and businesses who happen to be in their claimed territory by running massive protection rackets) who each control a portion of the available territory on the planet. How do these various organizations deal with one another? BTW, this isn't "like" how the world works, it is how the world works.

If the markets were open she'd give it back and say "I was playing that stock trading game you have all day, I'm not very good at it, but it was fun."

The platter that the record sits on is made out of mdf (medium density fiberboard), which seems like a pretty cheap way to build it so I went for acrylic upgrade. It is a nice heavy solid platter.

It does have a clear cover. I don't know why they don't show it on most of the pictures on the website. Here's a picture that shows the cover.

I bought one of these in 2018: https://uturnaudio.com/products/orbit-custom with the Acrylic platter and Otofon 2M Red cartridge. Sill running great and sounds amazing. Mine doesn't have a preamp because I have phono inputs on my receiver.

I don't think I've looked in one of those encyclopedias since the 1990s and I've moved 4 times since then. Why do I still have them? I have no idea.

I still own a paper dictionary (I can't remember the last time I used it though). I still have a whole set of encyclopedias from the 1980s on my bookshelf. (I can't remember the last time I looked in one). I still pull out my record player from time to time and listen to music on vinyl. Some as old as the 1970s that I bought as a kid all the way to new vinyl I bought less than a year ago. I've written paper checks in the last year. Contractors in my area don't like taking credit cards. If they accept them at all they usually charge a 3%+ fee.

Yeah, anyone over 50 has all 20. I'm over 50, so all 20. The real test though is how many have you done in the past year. 4 for me.

Newsflash: Criminals like stuff that has value! From now on I'm not going to own anything of value, because I don't want to be like those criminals. Drug cartels have been using the US dollar for many decades, so I'm done with it. I'm going to go live under a bridge (unless that bridge is useful to criminals) and dumpster dive for food (unless that dumpster is useful to criminals).

“I think crypto is basically a scam. I mean there is essentially no legitimate use for crypto, and nobody is using it for anything legitimate. Fewer than 2% of Americans have ever made a payment in crypto." --Paul Krugman If this isn't a bullish sign for the long term, I don't know what is. He will be as correct on this as he was on thinking he personally found a flaw in Metcalfe's Law.

Yes, all the same re-hashed arguments every time the price moves wrt fiat. Meanwhile I just do what I always do regardless of the price -- buy some more.

It's interesting how the media was claiming that his party was going to lose seats. It reminds me of the reporting in the US before the Trump victory in 2016. If polls were really scientific there shouldn't be surprises like this. It is either that polls don't work anymore (maybe people don't answer unknown numbers, so the polls aren't taking an accurate representative sample of the voting population), or it is direct lying by a manipulative media. My guess is a little of both. I think it is a good thing that there is no way to accurately poll the opinions of the public anymore. Politicians will have to start saying what they actually think rather than polling the public and simply parroting what the public wants to hear to get elected.

Agree 100%. Many such cases. You can make a fortune by destroying many other people and get a slap on the wrist. Then there is someone like software engineer Dexter Taylor in NY who gets 10 years in jail for building a few firearms for his own use as a hobby even though he neither threatened nor hurt anyone. Our justice system works about as well as everything else the government does.

Thanks. I knew there had to be something that I didn't understand. That's why I only bought a small amount.

What I'm seeing in the last few posts is both parts of Amara's Law. I think some people vastly overestimate the effect of AI disruption in the next 5-10 years and others vastly underestimate its disruption in the next 40+ years. My personal opinion is that there will be a bubble which burst in the next 5-10 years where companies go out of business, many data centers end up abandoned, companies scale way back on their AI investments, and people think AI turned out to be a disappointment. You'll have luddites saying the equivalent of Krugman's asinine statement that the internet will end up contributing no more than the fax machine. A.I. will then grow steadily over the next 25-50+ years to disrupt things that even the current bulls didn't expect.