jobyts

Chinese woman describes Wuhan virus patients being burned alive https://www.taiwannews.com.tw/en/news/3881683

One idea I keep thinking but never got time to try on the historical data is, to dollar cost average a 3X index. Has anyone done the analysis, and care to share the finding?

My teenager told that among their circles finding a date through tinder implies that you are not smart enough to find one in person. That felt me as a warning flag for the future of the online dating industry, and I sold my MTCH stock while doing the year end re-balancing.

From the sp500 graph shown in https://www.macrotrends.net/2526/sp-500-historical-annual-returns since 1930, there were only 3 instances where the previous year was down, current year is up, and the next year is down. Year 1933, 1938 and year 1961. Year 2018 was down, year 2019 is up; there's a historically/statistically high chance that year 2020 would be an up year.

Electronic trading of bonds. No more trading over the phone.

Probably invested in the India market. Indian market wasn't doing good last year. From the 2018 annual report, since the inception of the foundation, Pabrai and family had donated $27M to the foundation. That's nice. -------------- From the outset, Harina and I committed to give 2% of our net worth to Dakshana every year as long as our net worth exceeded $50 million at the end of any given year. When our net worth exceeded $100 million for the first time in 2017 (yaay!), we felt it was time to go beyond the 2%. As a result, we updated the formula to give 3% over $100 million, 4% over $150 million and 5% of everything over $200 million. Based on this updated formula, the annual amounts we’re expected to give and actually gave are as follows: Page 8 Table 4. Mohnish Pabrai and Harina Kapoor – Giving Formula vs. Actual Giving Year Expected-To-Give Actual-Giving Difference 2006 $ 1,067,983 $ 577,420 $ (490,563) 2007 $ 1,302,924 $ 3,355,350 $ 2,052,426 2008 $ - $ 106,491 $ 106,491 2009 $ - $ 69,450 $ 69,450 2010 $ 1,168,983 $ 345,064 $ (823,919) 2011 $ - $ 1,044,480 $ 1,044,480 2012 $ 1,084,215 $ 200 $ (1,084,015) 2013 $ 1,511,701 $ 820,710 $ (690,991) 2014 $ 1,526,951 $ 3,404,487 $ 1,877,536 2015 $ 1,244,044 $ 486,660 $ (757,384) 2016 $ 1,293,438 $ 1,190,240 $ (103,193) 2017 $ 6,444,191 $ 10,569,682 $ 4,125,491 2018 $ 3,550,231 $ 5,224,000 $ 1,673,769 Total $ 20,194,662 $ 27,194,234 Excess Given: $ 6,999,572 Harina and I are amazed that we’ve been able to give over $27 million to Dakshana since inception. ---------------------------- Also, if you look at the ebay lunch winners, it's pretty much the same set of people, probably friends. Must be doing it for a good cause, even though Pabrai gives a stock tip during the lunch. ----------------- Table 6. Ebay Lunch Results – 2010 to Present Year Winning Bid Actual Proceeds Winner 2018 $ 17,200 $ 17,200 Kailash Joshi 2017 $ 29,100 $ 30,500 Ray Faltinsky & Friends 2016 $ 14,100 $ 21,600 Josh Levy 2015 $ 72,600 $ 72,600 Josh Levy 2014 $ 36,200 $ 127,000 Ray Faltinsky & Friends, Brandon Cohen 2013 $ 17,000 $ 25,000 Narendra Mulani 2012 $ 25,000 $ 55,000 Ray Faltinsky & Friends, Narendra Mulani 2011 $ 20,300 $ 65,100 Narendra Mulani, Ray Faltinsky & Friends 2010 $ 10,000 $ 26,000 Ray Faltinsky Total $ 241,500 $ 440,000

It says "Shipping:$8.00 Expedited Shipping" Is he going to send you a parcel lunch ;D

Thanks for sharing. Very interesting topic and the presentation style. The guy reminds me of Al Pacino from 'Scent of a Woman'.

How do they cancel the shares? Telling the SEC stating that they won't be selling it to anyone? Where do the outside get the info on the buyback (number of shares and the purchase price)? Is it in the audited quarterly report?

Please educate me. I'm trying to understand the life cycle of buyback stocks. My primitive understanding is a. The company buys its own shares from the public market. b. The bought back shares are given to the employees as per the employee incentive plan. c. The employee sells the shares in the public market. If the above statements are correct, isn't the increase in the EPS due to step (a) is nullified by the decrease in the EPS due to step ©. So where is the argument of EPS-goes-high-on-buybacks?

Thanks Liberty, much appreciated.

Probably listening to him is the best 2 hours I spent on internet this year. Thanks a ton for introducing Naval Ravikant.

My 10th grader daughter loves to work with special need kids. It's not going to be a lucrative job. I would like to provide her the financial independence so that she can do the job she loves. Back in the days, I really loved theoretical physics and math, but had to go for an engineering career. Couldn't really love the engineering job, even though I could make some decent sum of money that I would have never dreamed it I had stayed with pure sciences. Happy with the money part, but missing the opportunity to pursue the dreams still haunts. I do not want my daughter to make the same mistake.

“Nationalism of one kind or another was the cause of most of the genocide of the twentieth century. Flags are bits of colored cloth that governments use first to shrink-wrap people's minds and then as ceremonial shrouds to bury the dead.” ― Arundhati Roy

Fascinating. Thanks for sharing this.

A bus stops and 2 Italian men get on. They sit down and engage in an animated conversation. The lady sitting next to them ignores them at first, but her attention is galvanized when she hears one of them say the following: "Emma come first. Den I come. Den two asses come together. I come once-a-more. Two asses, they come together again. I come again and pee twice. Then I come one lasta time. "You foul-mouthed sex obsessed swine," retorted the lady indignantly. In this country we don't speak aloud in public places about our sex lives, " "Hey, coola down lady," said the man. "Who talkin' abouta sex? I'm a justa tellin' my frienda how to spell *'Mississippi'."

Does that mean the total cost of ownership of a house (with 30Y mortgage) is more or less the same now compared to the boomer generation?

Same here. I am actually benefiting from the fact that less time is spent on watching the daily markets.

The threads get longer probably while or after the stock tanks. So the longer-the-thread-worse-the-performance statistics, if used to predict the future performance of the stock, may be incorrect.

Thank you so much. This is very helpful.

No. This feature is good only for back testing of a portfolio you come up with some criteria. I could track how many percentage of times my theoretical portfolio lagging/leading the index.

The most useful feature for me from google finance was the overall portfolio graph. With google finance, I could create a portfolio, compare the portfolio performance with the index. Google finance provided only one year comparison, but they allowed that one year to slide to previous years. Does any web site (prefer free, but I'm ready to pay a reasonable fee) provide a portfolio graph comparison and slide option to compare older x-years window?

You could always create a different username, no?

Thanks. It worked for me yesterday, but not today.

I have noticed even people who claim everything is predestined, and that we can do nothing to change it, look before they cross the road. Intelligence is the ability to adapt to change. People who boast about their I.Q. are losers.