rkbabang

I expect I'll be buying a lot of JOE today. At the beginning of the month I wrote 5 put contracts expiring today at $50 strike. With the money I received for them my effective price is $47.98/share. It's trading at $47.92 right now as I type this, so I guess I didn't get a steal. I'll be keeping the shares though.

Funny how we can live in violent societies where governments are powerless to stop it, see wars and genocides where hundreds of millions are killed, and still think gee maybe it is the government that stops my neighbor from attacking me. No society involving humans will ever be a utopia. The only ones who ever call a libertarian society a "utopia" are non-libertarians. Violence between people will always happen, but for large scale Hitler or Stalin type violence you need a government. Your government utopia is the only way to slaughter hundreds of millions of people. I'm far more worried about Russia and NATO coming to nuclear blows than I am about my neighbor attacking me. I have enough firepower to handle that on my own.

I've changed my mind on this over the years. Looking back I've owned 4 homes that I've lived in (not counting 2nd homes). My first house I lived in 6 years, 2nd house 8 years, 3rd house 4 years, current house 7 years so far, but I paid off the mortgage after 6 years. In every case I went with 30yr fixed mortgages, but would have been better off with 10/1 ARM.

An interesting way to look at the reduction of Bitcoin volatility in each 4 year halving cycle as Bitcoin becomes more widely held. This cycle should have already saw highs above $125K before dropping below $20K. Maybe the next cycle will stay in an even tighter range. https://www.blockchaincenter.net/en/bitcoin-rainbow-chart/

You are correct. The "all-in" people are nuts. I'm confident enough to keep crypto around 20% of my net worth. I recommend having a significant position in BTC, but I'd never recommend putting in any amount that would really hurt you if the thesis ends up being very wrong.

Of course I’m still buying and hoping for more tears so I can buy more.

Added to AIV 2024 $7.5 & $5 calls, BTC, CLPR, & JOE

Worth the read. It is also very short and quick to read, so definitely worth it. $0.99 for Kindle version, for another $1.95 they will through in the audiobook version (I'm not sure if you have to have an audible membership or not to see that). https://www.amazon.com/War-Racket-Smedley-Butler-ebook/dp/B0046W7MEA Also I think you can download the pdf for free if you search around for it.

Wrote some $65 MSGE Jun 17th puts for $3.30/contract. Hopefully I'll be put to. I love being paid to place limit orders.

Exactly. That will be considered proof that they were correct, not an opportunity of a lifetime for them to buy. I will be buying when BTC is 90% off its highs this time (if it comes to that), just as I did in 2018 (although I don't think it quite hit 90% down in 2018 more like 80% IIRC). I suspect many here will not.

I suspect there is a dotcom-like bubble in crypto, but remember that there are the Versign types which took decades to come back, the toys.com types who were destroyed, and then there were the Amazon.com types which came back much quicker and rose like rockets to the tops of their industries far above their dotcom bubbly highs in 2000.

Some combination of walking, biking, driving, boating and/or swimming?

+1 Government is a delusion. It is the most dangerous of the worlds religions. +1 War is a racket, everywhere and every time. And the first casualty is always the truth. If you have governments, I mean if you allow them to exist at all, you will have lies, death and destruction. You will have many human casualties. When civilization wises up to that fact of life things may someday change, until then, since power corrupts war and mass death will be a fact of life.

I'd imagine each category is slightly more responsive to market forces than the previous. I wouldn't sell my main home unless I was buying another one because I wanted to relocate regardless of what the market is doing. If you sell your home for market reasons where do you live? Rent? I can't see selling a vacation home purely for market reasons either. Selling a vacation home if you are sick of vacationing there and you want to buy a vacation home somewhere else, or for personal financial reasons such as you can no longer afford it or want to put the money into something else. Investment property is probably the most responsive to market ups and downs. I don't own any pure investment real estate as my vacation home doubles as a short term rental. I wouldn't sell it, because I want it as a vacation home and could afford to keep it even if I stopped renting it.

Opened small positions in COIN and SQ. Added to MSTR and PYCO.

Agreed. I always thought of him as the enemy, probably because I always think of government agents that way, but he was at least human in previous seasons.

Just finished "Super Pumped" the Uber story and I've also been watching the WeWork show "WeCrashed" as well. They are fun to watch as TV shows, but I question how accurately they portray the CEOs and other main characters. They made them out to be absolutely nuts. Especially Travis Kalanick, he was like a comicbook super villain with few redeeming qualities. And on WeCrashed Adam Neuman was portrayed as kind of an idiot used-car-salesman/conman with zero business sense and his wife Rebekah Neumann is one of the most annoying, dumb, idiotic characters you will ever see on a TV show. Both shows left me thinking these people can't really be this bad in real life, can they?

That would be surely something if he's still around 15 years from now. I hope to see it. There is no shame in not catching the next thing early. Berkshire didn't invest in Amazon in 2002, but they did very well getting into Apple late in the game. There will always be opportunities.

I doubt it will be Ripple, but the next FANGS will be crypto/blockchain related, either companies or crypto-assets. And 10-15 years from now people will look back at the 20-teens through early 2020s and think that it was all so obvious in hindsight and ask themselves why didn't they see it?

When I buy a car I always finance it. The dealer is willing to give you a much better deal if you do. Just pay off the loan after a month. Just make sure there is no pre-payment penalty.

Thanks, I'm going to give a modified version of this a try. I've been searching for the perfect Margarita for over 25 years. I went to visit my wife's uncle in Arizona back in the mid 90's (maybe 1996 or so) and he took us to a restaurant in Nogales, Mexico. You could order pitchers of Margaritas. They were the best Margaritas I've ever had in my life. Since then I've ordered Margaritas at bars and restaurants all over the place (New England, Cancun, Texas, Arizona, San Diego, Las Vegas, Tijuana, ...) as well as countless tries at home and have never come across a Margarita that was nearly as good. Most the Margaritas in the US bars/restaurants are sugary chick-drinks the one I had in Nogales was not sweet at all, so I've come closest at home with just 1 part freshly squeezed limes, <1part tripplesec or grand marnier, and >2 parts tequila (I've tried all different brands/types). It never comes out as good as that one I had in Nogales, so I must be missing something. I'm going to try your recipe with squeezed limes rather than the limeade, because I don't like sugar in my margarita. Maybe the lemon is the key, I've tried adding orange juice, but I don't think I've ever tried adding a lemon. I wish I remembered the name of that restaurant (my wife's aunt and uncle are no longer living).

APTS in my non-taxable account.

I haven't been there since COVID, but I used to take Norwegian out of Boston (no flying!) every couple of years. I'm pretty sure they do Bermuda from NYC too, at least they used to.

I support feminism and the LGBTQIAPKAHQWERTYUIOPASDFGHJKL movements by going to the pink sand beaches in Bermuda.

Exactly. Bitcoin has been about security first, with no compromises. This is why it is #1 by far. Speed / functionality can be handled off chain by other tools/addons if they would compromise security being on chain. You don't need the same level of security to buy a coffee or your groceries for the week as you do to buy a house or store a measurable percentage of your net-worth. There will be a speed/security tradeoff, at least for the foreseeable future.