rkbabang

Exactly. It is a store of value. The mistake people are making, even here on a value investing board of all places, is equating price with value. As someone once said, price is what you pay, value is what you get. In the long term the value of Bitcoin will be obvious and its price will reflect that.

There is a bunch of minesweeper apps on the apple app store.

Why are you taking personal that someone cites the drawdown since peak? Why do you feel you have to defend it and attack others and invent hypothetical situations that didn't happen? Isn't drawdown-from-peak a valid way to look at a big crash? Why always have to shift the context to one that makes it sound like it's up a lot rather than down a lot? If you made lots of money good for you. That's your reward. You are in a very very very small minority of people. Almost all the attention and money went into crypto way above the current level, and many bought on credit because of FOMO and lost more than they put in. It was similar with the dot-com bubble, by the time everybody was jumping in and the big bucks came in, it was a lot nearer the top than the bottom. Because past results has nothing to do with the future of the asset class. Technology and the internet didn't die because there was a crash in 2000-2001. Lots of people lost a lot of money then too. What's the point of pointing out that at $6 per share Amazon.com was down over 90% from the top? What good is such an observation? Yes there was a bubble and it popped more than a year ago. Like all such bubbles a lot of people lost money. People lost a lot of money in the housing crash and people will lose a lot of money in the coming Canadian housing crash. That doesn't mean houses will never be valuable again. Such is the way markets go sometimes.

The company I work for was using google products (gmail, google docs) and we were then acquired by a larger company that uses all Microsucks office products (outlook, office, skype, etc). It was a huge step backwards. Everyone I've talked to is frustrated with how much Microsoft products suck compared to what we were using before. At home I haven't used MS since Windows 3.11 for Workgroups. I've been using Linux and for the last 4 years an iMac. Luckily I'm an engineer and most of what I do at work is still done on Linux, the MS office products are just for meetings, email, presentations, etc which isn't a huge part of my job.

You're right, I misread the 4-deep quote, I thought you were the person I replied to replying to my reply. So you're saying that crypto was also a huge mistake? Because these two were huge mistakes, and them being down this much isn't just short term volatility and the chances of them bouncing back to their peaks anytime soon is pretty slim. Oh, were you trying to shame me or something? How about you share some of your huge mistakes instead? It's the best way to avoid them, by removing resistance in acknowledging them, so that we can do it faster the next time. btw, I lost about 20% of my initial investment in Valeant, but that was after it went up around 150% and then back down to that level, so it was quite a ride. I lost a higher % in FTP, but I'd have to look in my notes to know exactly how much. I certainly learned a lot about jockey vs horse and about commodity businesses in that one. But what if at the price you bought FTP you were still up 1500%-2000% right now when someone was posting "FTP -98% below all-time high"? I mean, yeah, sure. It would have been better for me to sell everything in December of 2017 and buy it all back now, but my unrealized gains are still pretty spectacular and I do think it will get back to those highs and beyond someday.

Long term value investor cites short term price fluctuations as indication of long term thesis success/failure I just poted numbers. I didn't make any comments. You did that. I just assumed you were letting the board know that crypto was on sale.

I agree. When I started watching it I was thinking that there was a 80% chance it was going to be stupid and I wouldn't get through 2 episodes. I'm glad I gave it a chance, it was a pretty good show. Like groundhog day only darker with a better story.

A good goat video for a laugh. (Not my goats, but funny). https://www.facebook.com/diplyhumor/videos/1826981080685833/

He's not a proponent of the many worlds theory of quantum mechanics. Maybe everything that can happen does happen. If you want something to happen that is possible to happen you just have to hope that this version of you ends up steering into one of the reality tunnels where it does. EDIT: And if it doesn't, you can take comfort in the fact that countless other versions of you are living in reality tunnels where it did.

Weather apparently doesn’t count. Now, I'm in a weak position for my argument that it's nice living here (Calgary) because I had to get my furnace serviced today to keep up with the -30 C weather. But, the weather here isn't as bad as people think. We have a significant portion of relatively warm days in the winter because of a weather pattern known as chinooks. Plus, it is one of the sunniest major cities, which I think is relatively more important to people's well-being (and livability) than temperature. But on the other hand its pretty freakin' cold right now. I will still never move. How many warm days do you need to have to psychologically make up for every -30 C day? I wouldn't move somewhere that -30 C (-22 F) was something that one could expect to happen from time to time. And if I did there would be nothing I could say or do to get my wife to come with me, she thinks southern New Hampshire is too cold.

In the Washington Post a few days ago: Harvard’s top astronomer says an alien ship may be among us — and he doesn’t care what his colleagues think

Both the Rosling and Pinker books are on my to-read list. Another book in the same vein which I have read is "Abundance: The future is better than you think" by Peter H. Diamandis & Steven Kotler, which is excellent.

That's nuts. Don't hold your bitcoin at an exchange. These things will continue to happen until investment grade custodial services are available. There seems to be some progress on that this year. Fidelity May Formally Launch Its Crypto Custody Service in March

I know it's been said above in more words but in brief: Canada Secret Sauce = Enormous Housing Bubble.

A good book I recently finished on the topic of parenting (among other things) is : "The Coddling of the American Mind: How Good Intentions and Bad Ideas Are Setting Up a Generation for Failure" by Greg Lukianoff & Jonathan Haidt

Not everyone thinks that they are above average parents, but everyone does think they have above average kids. :)

As a father of two now adult children, I agree that you need to put in the time with your children. But in the US, especially among the upper middle class to wealthy, some people take this way too far. Children need unsupervised time without you or other adult supervision to play, both alone and with friends. You shouldn't be hovering around your kids at all times and scheduling their every waking hour with activities. There is a balance to this that is hard to achieve. You need to make the time that you do spend with your children count, but you also need to give them space and room to grow and learn how to make their own way.

A kindergarten teacher asks her class "Can anyone tell me what the Superbowl is?" One little boy raises his hand and says "Yes, that's when the Patriots play their last game of their season."

That's nuts. Don't hold your bitcoin at an exchange.

I'm sure I have some video of them somewhere. I'll have to look and I'll post it if I find it. In the mean time, this is Landon and Bailey all dressed up for the Christmas card pictures.

Thanks, they were tough though. They are incredibly smart and stubborn, two qualities that make it very tough to keep them. That fence was my first attempt at keeping them in and it failed miserably. I thought I could just put up some electric wires and that would hold them. Nope. Then I drove posts into the ground and used a heavy gauge chicken wire. They just climbed over it. Then I put the electric fence on the inside of that fence, they tunneled under it. Then I buried the wire fence 1 ft into the ground, but they pulled it out and got under it. Then I drove 6 foot steal re-bar every 2 ft and tied the wire to it. That stopped them for the most part, but they still climbed out once in a while electric shocks be damned. And the horse gate I had, they learned how to unlatch it with their mouth just by watching me, I had to put a spring loaded clip on the chain to make it secure. It was a constant battle. Sometimes they would refuse to go in at night and it would literally take hours. Other times they were sweet and lovable and you could walk them around the neighborhood on leashes like dogs. If they got mad at you though, they'd hold a grudge and not listen to you for days. If they were angry at me, I'd have to have my wife put them out in the morning and bring them in at night. And when they were angry at her I'd have to do it. We had 30 chickens, 2 rabbits, and a dog, which were all easy as can be, but the goats where just a constant headache. They ate everything too. All that grass and the trees you see inside that fenced area was completely gone the first summer. Every time they got out they would demolish our vegetable garden and flower gardens. As fun as they are at times, I wouldn't recommend anyone keep goats.

Great story, it is so true. One day in 2012 I came home from work and my wife told me that she bought two goats on craigslist and they were being dropped off in about 20 minutes. She wasn't kidding either. I spent that 20 minutes clearing about a space in the barn for them (we had just moved into the house and the barn was a complete mess). We had the goats for about two years then donated them to a local farm. I really liked the goats, they were like pets. But I also hated them as much as I liked them. Only a goat owner could understand. In the end we just had to get rid of them. Attached is a photo of the goats shortly after we got them playing near the chicken-house, eating from the apple tree (that they would shortly kill) inside the electric fence that wouldn't even come close to keeping them in.

Didn't Peter Lynch call technical analysts "Wiggle Watchers"? (I always thought that was funny.) and then there's this, "Technical analysis is to trading what astrology is to science" from https://www.fscomeau.com/why-technical-analysis-is-bullshit/ ;) Humans are pattern seekers. If you believe that patterns exist in the data, then you can easily convince yourself that you see them. And humans are social creatures, so if other people tell you that there are patterns in the data, then you can easily convince yourself that you see them too. No different than seeing Jesus on toast. EDIT: The fascinating thing about technical analysis, is that if enough people believe that such and such a pattern means that the stock will go up and they start to buy, the stock will go up. And conversely if enough people think that the stock will go down because of the pattern and thus they sell and/or short it, the stock will go down. It has a self-fulfilling aspect to it.

Wow, how old are you?

rkbabang - Just look to see who is buying IDB's. That will show you who is the best. Prem is the expert in India, so he'd be my guess.