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Everything posted by rkbabang
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I noticed the same thing. It shows how people are starting think about it, even though it obviously has no value because it isn't printed on green paper with pictures of good (i.e. dead) politicians on it.
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MSFT maybe? Gates taking over as Chairman of the Board and Buffet remaining CEO until is no longer able then use whatever succession plan is already in place. And Nadella still running Microsoft.
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One-third of US GDP comes from just 31 counties
rkbabang replied to RuleNumberOne's topic in General Discussion
It is meaningless also because of population density. LA county has more people in it than the least populated 9 states do. -
What’s a good car choice for the value investor?
rkbabang replied to BPCAP's topic in General Discussion
Oh boy. People think the Politics section is bad... No kidding. Somehow I don't think "buy low, sell high" is the optimal mental model for family members... I did not realize you could sell family members. Where do I sign up? How do you determine cost basis? How do you add the ongoing expenses to the cost basis to lower realized gains? Is the person sold treated as a capital asset or as a collectible? So many questions... Maybe a place to start your research: The Price of Pain and the Value of Suffering https://www.psychologicalscience.org/news/releases/the-price-of-pain-and-the-value-of-suffering.html -
One-third of US GDP comes from just 31 counties
rkbabang replied to RuleNumberOne's topic in General Discussion
And yet: https://www.justfacts.com/news_poorest_americans_richer_than_europe -
What’s a good car choice for the value investor?
rkbabang replied to BPCAP's topic in General Discussion
Oh boy. People think the Politics section is bad... -
What’s a good car choice for the value investor?
rkbabang replied to BPCAP's topic in General Discussion
for a value investor who knows what he/she wants, of course. can ask the same question about wine, cigars etc. you have to pay up for quality, and the intrinsic value is in the quality when you can afford the price "you have to pay up for quality" That depends on your definition of quality. You can get a "quality" car brand new for ~$20K (Toyota Corolla or Hyundai Elantra) if by "quality" you mean dependable car that will run for more than a decade with little to no problems whatsoever. If by "quality" you mean "luxury" and/or "technology" regardless of the dependability, then you are correct. -
What’s a good car choice for the value investor?
rkbabang replied to BPCAP's topic in General Discussion
I've had bad luck with Ford and Chevy and good luck with Toyota and Hyundai. I'm still driving my 2007 Hyundai Elantra and my 2006 Toyota Sequoia Limited, I hope to keep at least the Sequoia another 5 years or more, the Elantra has over 230k miles so I don't know how much longer it will run for, but knock on wood it is running great right now. Someday when it is time to replace them, I'm not sure if I will go Toyota SUV and Hyundai compact car again or step up to Lexus and/or Genesis. I will probably step down in size from the Sequoia next time and either get a 4Runner or a Lexus GX460. For the Elantra I'll either get another Elantra or step up to a Sonata or even to a Genesis G70 or Lexus IS. Cars are too expensive to experiment with other companies that I don't trust. Whatever I buy I will want to drive them another 10-15+ years for well over 200K miles. -
My sell order for my trading position in AYRSF was triggered at $9.30 today. I'm holding some as well, but this is the third time since the beginning of November that I've bought 1000 shares at $8.30 and sold them at $9.30. I'm doing this in my IRA at Fidelity so no trading fees and no taxes. I'll buy back another 1000 shares if it hits $8.30 yet again.
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White House briefly locked down over mystery ‘blob’ overhead https://www.timesofisrael.com/white-house-briefly-locked-down-over-mystery-blob-overhead/
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Movies and TV shows (general recommendation thread)
rkbabang replied to Liberty's topic in General Discussion
Yes, Fleabag is also great. I just can’t watch this when my son is around. ;D. That’s the thing with Netflix, they have a lot of foreign TV. I am sucker for Brit TV and now Netflix also has a lot of German TV series, Chinese and Korean costume movies and who knows what else. Amazon Prime has one of this too, but no ones else comes close. To get these things one needed to buy a special subscription, which would cost quite a bit, now it is included in Netflix and Amazon “all inclusive” streaming buffet. Disney can’t beat that, but of course they have another angle. I haven't seen them yet, but I've heard good things about 'Dark' (German) and 'Money Heist' (Spain -- La Casa Del Papel). “Dark” is excellent, but it’s also really dark. Money Heist is on my “to view list”. I haven't seen "Dark", but "Money Heist" is excellent. -
NASA Cameras Capture Soundwaves From ‘Mystery Spacecraft’ Hurtling Across Earth https://www.unilad.co.uk/science/nasa-cameras-capture-soundwaves-from-mystery-spacecraft-hurtling-across-earth/
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Movies and TV shows (general recommendation thread)
rkbabang replied to Liberty's topic in General Discussion
Is it soapy with exaggerated overacting? I've recently watched, again, Ken Burns' The Civil War. Fantastic, as always. The Expansion season 4 and The Witcher are coming soon, looking forward to both. I don’t think “The Crown” has any overacting, I found the acting exquisite. It’s a bit like Downton Abbey in a way, except all the characters and events are real. The season 1 was slow at times and I almost thought I would skip and look for something else, but Season 2 and especially Season 3 got better and better. Speaking of the UK, I just finished watching all 3 seasons of "Harlots" on Hulu. Good show. -
Sold some Apple today. Just to take some profits and raise some cash to hold. I sold about 20% of my AAPL shares (cost basis in the $90s).
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I bought some more WFCF recently as well. Almost doubling my position and reducing my cost basis.
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I don't follow Mongolian Growth Group anymore, but Kupperman is still actively blogging: https://adventuresincapitalism.com/
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I guess the music stopped at some point. The day the music died.
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I Need a Laugh. Tell me a Joke. Keep em PC.
rkbabang replied to doughishere's topic in General Discussion
Did Softbank hire someone from The Onion to produce their slides? That was great. -
That's cool. I won't ask about your company just in case that could get you in trouble, but I'm curious to know what you think of the closest analog (bad pun), TXN? I don't own TXN, but my company is about 10% of my portfolio. I never buy my company either because my holdings come from stock rewards, but I do keep a certain amount rather than just selling everything. TI is a lot larger and less room for growth. And maybe I'm biased but I think where we do overlap our products are better. You are correct though about the analog space being fairly conservatively and intelligently managed. You could do worse than investing in either company. I've owned Synopsys before as well, and have been looking at them again recently, which is a design tools company that most of the chip companies use. An invest in the picks & shovels strategy.
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Was it AMD? No. I still work at the company (or rather I should say, I now work there again), so I'd rather not say. Ticker does start with an A though. Followed by a D and an I. That team in Texas that was doing this no longer exists though, they didn't survive the 2000 crash. Oh, so you're an analog engineer. Nice. We should talk about that at some point. Also interesting how management in the space seems to be pretty rational about capital allocation.. Ha, that's a reasonable guess but no. I'm actually a digital design engineer who has always worked at analog companies. It's a small niche I've gotten into which has worked out very well for me over the years. It is actually hard to find digital guys with experience working on big-analog, little digital mixed signal chips. When you are the only digital guy working on a chip, you have to do everything from systems design, to RTL, to DFT, to all implementation and verification. When you talk to digital engineers from big digital companies they specialize in one or two narrow areas and don't have experience with the whole design process and tools from front to back.
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Was it AMD? No. I still work at the company (or rather I should say, I now work there again), so I'd rather not say. Ticker does start with an A though. Followed by a D and an I. That team in Texas that was doing this no longer exists though, they didn't survive the 2000 crash.
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Funny story about playing music. I'm a chip designer and the small group I was a member of in the late 90s was half in New England and half the people in Texas. This was inside of a very large US company, which is now a Fortune 500 company. Anyway the Texas half of the group had this idea that only musicians made good engineers, so whenever they interviewed anyone they would casually ask if they played any instruments and would only hire people who did. Word eventually got out that they were doing this and they were ordered quite strongly to stop it.
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I used to play bass a long time ago (like mid 1980s to early 1990s) and fooled around with piano/keyboards, but wouldn't say I ever played keys all that well. I haven't picked up my bass in years but I still have all of my mid-1980s equipment: an Ibanez RB bass, Roland Juno 60 synth, and 3 Peavey TKO amps with 15" woofers (I used 2 wired together for my BASS and the other for my Juno 60). I played in a cover band in highschool and 1st 2 years of college and we played out a little in southeastern MA/providence RI area, but mostly just jammed for fun or at parties. I moved away for my 3rd year of college and haven't really played since.
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I am pretty sure that fraud is pretty low on the totem pole of priories for startups in the land grabbing phase like Airbnb. I am sure they can solve it, but this is probably reserved for later. For credit cards, I found Chase and Amex to be very good at fraud detection. In two cases, my wife’s Chase card was apparently skimmed and used for a small test charge (~$1), which they immediately detected as a fraud, despite the fact that it was done in relative proximity to our home location. Same with Amex in one incidence. Yes the credit card companies are on the ball. I've been alerted by them of fraudulent charges on my account before I've noticed them on 2 occasions. Although I did cancel my Citibank card after I was scammed while traveling in Mexico and Citibank took the side of the company that scammed me and didn't reverse the charges. I had that card since college so almost 20 years and I cancelled it, telling them that I'd never do business with Citibank again. And I never will. It was only a few hundred dollars, but I paid for a tour that was never provided to me (they never came to pick us up, but claimed that it was us that never showed up) and it is the principle of the thing. Citibank believed the scammers over a long time customer. I was outraged. Fck Citibank. My reaction is why I don't like the idea of people being scammed on airbnb, because I know if I was and Airbnb sided with the scammers that I would never use it again as long as I lived.
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I realize that this would be difficult for a small company. But you'd think a company the size of airbnb would have a fraud department which would look into hosts accused of defrauding them by guests. Certainly after multiple guests accuse the same host. Algorithms could also have found that the same pictures were being used by two different hosts in their listings (in the article) and one was leaving reviews for the other. As a new airbnb host myself this makes me a little angry that airbnb doesn't do a better job weeding out the fraudsters that make the whole system less trustworthy. I'm sure many unhappy victims of fraud won't even consider using airbnb at all afterwards.
